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That's only a part of it. Between 1960 and 1985 Japan's per capita GDP quintupled (even adjusting for inflation). That huge economic growth on the back of a str
by InclinedPlane 11y ago
That's only a part of it. Between 1960 and 1985 Japan's per capita GDP quintupled (even adjusting for inflation). That huge economic growth on the back of a strong manufacturing and high-technology base made Japan seem like it had unstoppable economic momentum. But, of course, it didn't. Japan's economy is still very large and very advanced but it stopped growing and hasn't been able to keep up with innovation in the rest of the world.
- crdoconnor 11y ago>That's only a part of it. Between 1960 and 1985 Japan's per capita GDP quintupled Yeah, and a lot of that was phony growth caused by debt and unsustainable asset price rises.