Project Japan's main aim is to compile Japan's economic history for the purpose of ascertaining Japan's economic woes which has been persisted since the early 1990's. The term "Lost Decade" or "失われた10 / Ushinawareta Jūnen" in Japanese has been used in many academic writings to describe Japan's state of economy. In more recent times, the term has been extended to include the 1st decade of the millennium where academicians would use the term "The Lost Years" or "失われた20年, Ushinawareta Nijūnen" referring to an economic stagnation which has lasted for 20 Years.
There has been numerous theories for the reason of Japan's economic stagnation however none of them have provided solid conclusive findings. Many believe however that the root cause is Japan's cultural tendency; to save despite the fact that the interest rate in Japan is close to 0%. The 2011 Tohoku Great Earthquake carried catastrophic consequences to the Japanese economy, however certain members of the general public believes that the short contraction which the country would suffer in the following months of the event, in the long term, it may spur the economy back on track through spending.
Japan's economic history, development and potential causes of stagnation will further be discussed in separate posts and section as seen below. The Project will aim to elaborate on each causes and theories, hoping to create an extensive database of articles and writings which is related to Japan's economic woes.
1. To be added.
Post Updates :
17/07/2011 : Creation of master post to centralize all future posts related to Project - Japan. No actual sub-posts has been created yet.
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