Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.
This was their vision, but in reality their economy is still stuck with outdated production methods, and there is still a lot of bad bureaucratization in both the government and companies. Not to mention that with the agreements of Plaza Accord, destroyed Japan’s competitive advantages over the US.
This was their vision, but in reality their economy is still stuck with outdated production methods, and there is still a lot of bad bureaucratization in both the government and companies. Not to mention that with the agreements of Plaza Accord, destroyed Japan’s competitive advantages over the US.