Japan's Big Bang

by Hayes, Declan

• ISBN13: 9780804832274
• ISBN10: 0804832277
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-03-01
• Publisher: Tuttle Pub

Summary

Having spent nearly a decade in recession, the restructured Japanese economy is slowly beginning to grow again, and its systemic reforms are being put to the test. Now journalist and commentator Declan Hayes examines the fall and rise of Japan's economic infrastructure, starting with the giddy and elusive bubble economy that ultimately sapped the country and other Asian neighbors dry. Hayes explores the Western influence on Japan's economic crash, as well as its own faulty use of loans and credit lines secured with vastly over-valued real estate, and other contributors to its financial failures. From there he looks at today's Japan, restructuring its economy in accord with American and World Bank dicta, and dealing with the profound social changes necessary to recapture its economic momentum and ensure its continuing dominance as an economic superpower.