2007-06-15 11:26:26 · 5 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Did you forget about that decade plus recession Japan was in until the past few years?
2007-06-15 11:30:03 · answer #1 · answered by RP McMurphy 4 · 1⤊ 0⤋
Japanese went second in the 90's... The fact is that they reach the goal they worked so hard to achieve, and now as a society, have no more goal... So their economy is suffering from Anemia for a while... Those are just lacking everything now... They are forced by the Chinese workforce, to go in very hightech manufacturing to avoid losing their jobs... So now Japan only try to survived. But the other more discturbing truth, is that they have a very ambitious plan of expension, that they try to put back in track, but this plan is the same as the one that forced them into world war 2... So must be careful about those, not sure they want to play it safe anymore, they just don't have enough ressources.
2007-06-15 14:06:55 · answer #2 · answered by Jedi squirrels 5 · 0⤊ 0⤋
No. Japan suffered a massive meltdown which created massive stagflation and 0% interest rates for the past 20 years. Japan is finally getting out of it. Japan's government tried to prop up failing businesses (and got caugh causing foriegn investors to flee) and some banker lost the country billions in some Forex scam. The loss of jobs while the country was awash in money caused stagflation.
2007-06-15 11:44:52 · answer #3 · answered by gregory_dittman 7 · 1⤊ 0⤋
The Chinese, bolstered by incredible industrial capacity, and a favorable international trade position, are now number one.
2007-06-15 12:01:42 · answer #4 · answered by ? 5 · 0⤊ 2⤋
You must be joking!
2007-06-15 11:44:06 · answer #5 · answered by merkincher 2 · 1⤊ 0⤋