Japan’s “bubble economy” burst in 1990, and only started to recover in 2002 – thanks in large part to major economic structural reforms introduced by then-Prime Minister Junichiro Koizumi.
Since Mr. Koizumi’s retirement in 2006, however, Japan’s reform momentum has stalled – and in some cases, reversed – and there are now serious concerns surfacing about the country’s future. What would it take to truly reform Japan’s economy? Why did Mr. Koizumi’s reforms work? What are the biggest economic challenges facing Japan today?
How will these challenges affect Japan’s relationship with China, and how might this relationship take shape over the next decade?
+9 : test paper : discussion :
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