Business, Management and Accounting
5 years ago

Japan's Economic Decline: Urgent Need for Comprehensive Political and Economic Reform.

The Frontiers of Society, Science and Technology
The Causes of Japan's Long-term Economic Decline and Its Political Economic Analysis
Yang Liu

Paper Summary

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Japan's economy has been struggling for a long time due to the burst of the bubble economy. Various economic strategies have been tried, but none have worked well. The country is facing a sustained recession with many political and economic issues. The main reasons for this long-term recession are economic failures, policy mistakes, structural imbalances, and external shocks. To improve the situation, Japan needs to make comprehensive changes in its political and economic systems to overcome challenges and ensure long-term growth.