Every week we take a deeper look at issues and stories changing your world. In our Collections, Mogul News gives you the tools you need to make up your own mind. Covering topics ranging from business and tech to global affairs and politics, they bring together handpicked articles offering insight and analysis in one place.
This week we look at Japan and its economy. Here’s a quick note from our editor to tell you more!
Japan was late to the game. It only opened its borders to free-flowing international trade only after the gunboat diplomacy of Commodore Perry in 1853. From there, though, the once feudal society developed rapidly. It created an empire in the Pacific before two nuclear bombs ended its imperial ambitions.
From the wreckage of war, however, it developed an economic empire. Japanese electronics, cars and other goods were celebrated from their innovations and reliability. In the decades after the war, Japan was booming. It didn’t last.
The 90s in Japan were a lost decade economically. So were the 2000s. Now it looks like a third decade has been lost to low inflation and low returns. With an ageing population and limited immigration, it was also facing a labour shortage. Worse still, Japan is embroiled in the trade wars brought about by President Donald Trump’s confrontational policies.
A trade dispute with Korea has added to the one with America. Now, Prime Minister Shinzo Abe is pouring billions of dollars into the economy. Japan’s economy is at a crossroads. International watchers are looking, fearful that the route Japan has trodden could be followed by their own economies.
Explore all of the is in ‘Japanomics’, the latest Collection from Mogul News. Sign up for a 7-day free trial here.