Although Japanese economy is in recession, financial assets of people are more than 2 times as large as the GDP and Japan is one of the top class creditor nations in the world.
Although Japanese economy is in recession, financial assets of people are more than two times as large as the GDP and Japan is the largest creditor nation in the world.
竹中平蔵や千田亮吉によれば1998年時点での日本の経済は「小さくて脆い」との認識が存在していた。
According to Takenaka Heizo and Chida Ryokichi, as of 1998[update] there was a perception in Japan that the economy was"Small and Frail".
With the South Korean and Japanese economies benefiting greatly from the new partnership, Seoul and Tokyo were loath to quarrel over historical issues.
But even if productivity improvements remain sluggish, the combination of these factors should make it possible for Japan's economy to expand by 1.5 percent a year for the next decade.
While in the early 1990s, the Japanese were still the powerful"rich neighbors", the Chinese by contrast were still poor. However, by the late 1990s, since the Japanese economy had stagnated and the Wall Street financial crisis showed economic weaknesses in capitalist economies, many Chinese began to gain confidence that their economy would soon be larger than Japan's.
Then, Prime Minister Kan explained his outlook, that there was downward pressure on the Japanese economy in the short term, but that the economy would be back on course for recovery later this year. He explained that he saw the earthquake as an opportunity to recover from the"crisis within a crisis" and revitalize Japan as a vigorous society, and expressed his will to address recovery by incorporating vitality from other countries.
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