Japanese Economy Faces Prolonged Depression and Social Strain Amidst Crisis.
The Japanese economy has faced significant challenges since 1973, similar to other capitalist countries. Despite appearing strong with a high yen value and trade surplus, the economy has struggled with labor shortages, competition from new technologies, and difficulties in exporting industries. Real wages have remained stagnant, and workers' social status has weakened. Economic disparities have grown, and the budget crisis has worsened. The Japanese economy is not as robust as it may seem, with underlying structural issues affecting its overall health.