Japanese economics

Japanese economics refers to the economic system and practices in Japan, characterized by a blend of advanced technology, strong industrial sectors, and significant government involvement. Post-World War II, Japan experienced rapid growth through manufacturing and exports, particularly in automobiles and electronics. The "Bubble Economy" of the late 1980s led to a crash, resulting in decades of stagnation known as the "Lost Decade." Today, Japan faces challenges like an aging population, deflation, and global competition, while implementing policies like Abenomics, which aims to boost economic growth through monetary easing, fiscal stimulus, and structural reforms.