Japan offers a lesson in resilience

Japan's apparent stagnation belies strengths that Western economies would do well to learn from, argues Christine Shields

Photo by Jezael Melgoza on Unsplash

Japan’s economy has been becalmed for much of the past three decades. Yet living standards are amongst the highest in the world and the country is noted for its consensus approach as well as its political stability. So why the external image of stagnation? Here we examine some of the structural issues that are both a strength and a weakness for what is still the third largest economy in the world.

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