|
By Mick Brooks
|
|
Monday, 14 April 2008 |
|
Japan is
the second biggest industrial economy in the world. In the 1980s it
experienced
a huge speculative bubble, just like the housing bubble that has burst
in the USA and is on the point of bursting in Britain now.
When the bubble burst, the Japanese people, who up till then were
regarded as
living in a ‘miracle economy,’ experienced a decade of recession - a
‘lost
decade’.
|
|
By Adam Fulsom
|
|
Monday, 08 October 2007 |
|
The long
post-war economic boom in Japan explained the relative political stability of
the country. But since the 1980s things have changed. Now we are seeing its
economic decline emerge as political instability, with the masses looking for
an alternative to the status quo. The latest developments confirm this.
|
|
By Fernando D'Alessandro
|
|
Monday, 08 October 2007 |
|
This article, written in 1998,
looked at the severe crisis that was affecting Japan, with big falls in
investment and thus in productivity, rising unemployment and falls in the real
level of wages. The Liberal Democratic Party started losing support; the
Democratic Party emerged in an attempt to prepare a bourgeois “alternative” to
the fall of the LDP, while on the left the Communist Party was doubling its
forces.
|
|
By Michael Roberts
|
|
Monday, 19 March 2001 |
|
The complacent optimism of capitalist consensus is fast disappearing. At the beginning of
this year, the general view about the world economy was that US growth would slow
gradually to about 3% from 5%, Japan would pick up a little to about 2% and Europe would
trundle along at about 2.5%. The US central bank, the Federal Reserve, would cut interest
rates to ensure that any slowdown would not mean a loss of investor confidence or consumer
demand. Well, January seems like eons ago in global economics. After a non-stop spate of
warnings about lower profits from the main US corporations and the release of economic
data each day that showed a weakening economy, US stock prices have plummeted. Michale
Roberts analyses how all this is affected by the growing problem of deflation in Japan. |
|
By Phil Mitchinson
|
|
Friday, 15 May 1998 |
|
"Flat on its back for years and showing few signs of life, Japan's economy was
nonetheless still in the world of the living. When we last checked, that is. Reports of
its imminent demise are now coming thick and fast. A world that had grown bored with the
'Japan isn't growing' story is suddenly paying attention to the new 'Japan will collapse
and take the rest of us with it' story." The Economist, 11/4/98. Phil Mitchinson
analyses the reasons behind. |
|
