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There are two major differences between Japan and the United States in the way saving is calculated in their national … rates of the two countries. Since 1970 Japan's national saving rate has been declining to the stationary U.S. rate. This … trend, however, has been reversed in recent years. In contrast, Japan's wealth-to-income ratio (excluding land), after …
Persistent link: https://www.econbiz.de/10005707905
This paper examines the Japanese economy in the 1990s, a decade of economic stagnation. We find that the problem is not a breakdown of the financial system, as corporations large and small were able to find financing for investments. There is no evidence of profitabkle investment opportunities...
Persistent link: https://www.econbiz.de/10005069713