Abstract
Abstract Although the Japanese economy is often seen as exempt from the crisis, it also has experienced wild business fluctuations and prolonged depressive industrial difficulties since 1973 much in common with other capitalist countries. Beginning from the preceding period of high economic growth, this paper examines the origins and the changing phases of the economic crisis in Japan. Then it analyses the factors for its persistent depression, such as a structural tendency to labour shortage, a competitive pressure by means of ME information technologies, and the difficulties of exporting industries. Despite its seeming strength in appreciated yen, trade surplus, and improved productivity in manufacturing, real wages have been effectively stagnant, and the social position of workers weakened. Economic unevenness has increased in many aspects, while the budget crisis has deepened. Thus, the seeming strength of the Japanese economy is actually coupled with distortion of its structure by exhausted and weake...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
