Japan : meltdown of a miracle?
Krogh, Peter F. (Peter Frederic)
Person InterviewedKomori, Yoshihisa
Frost, Ellen L.
Examines the origins of the 1990s economic meltdown in Japan and potential solutions, as well as consequences for the American economy.
For decades it appeared Japan’s economic growth could not be contained. In the 1970s and 1980s Japan’s economy soared, helping to drive the economic growth of countries across the globe, from East Asia to the United States. Japanese companies invested billions in American businesses and real estate, and by the close of the twentieth century Japan was the United States’ third largest export market. So when the Japanese economy collapsed under its own weight in the 1990s, many feared that the Japanese meltdown would burn the thriving U.S. economy. With Japanese stock markets slumping and the government running massive deficits, the IMF warned that Japan posed the greatest threat to the world economy. In this episode, host Peter Krogh and his guests examine the Japanese economic crisis -- what caused the meltdown, what can be done to revive the floundering Japanese economy, and how can the U.S. insulate its economy from harmful effects? Featuring Yoshihisa Komori, journalist and Editor-at-Large of the Japanese newspaper Sankei Shimbun, and Dr. Ellen Frost, a visiting fellow at the Peterson Institute for International Economics.
Asia; East Asia; Japan;
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