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Japan - The Slumbering Giant Awakens

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Tags: Chinadelhi-sri-venkateswara-collegeFinanceJapanJoseph StiglitzKeynesian economicsNobel PrizePrime ministerShinzō AbeSouth China SeaSouth KoreaToyotaWorldWorld War II

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In Japan, fascinating transformations continue to take place under the bold leadership of Shinzo Abe, the current Prime Minister. Mr. Abe assumed office in December 2012 and has since shown intent to jerk Japan out of its more than 2 decades of below average economic growth. The period following the asset bubble burst in the early 1990s has since come to be known as the lost decade. Recent economists have extended the period of low growth and deflation as 'two lost decades'. Shinzo Abe has shown ...

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