Copy of Japan #4 - Japan 8 Shinto Slump Japan is now in a Shinto slump After ww2 In the 1960s they had double digits for economic growth They had a

Copy of Japan #4 - Japan 8 Shinto Slump Japan is now in a...

This preview shows page 1 - 2 out of 2 pages.

Japan 8- Shinto Slump Japan is now in a Shinto slump After ww2, In the 1960s they had double digits for economic growth They had a respectable economic growth rate and they had the 2 nd richest country in the world Service sector boomed o Banking/ finance o Real estate o Technology boomed o Industrial base- automobiles, In the 1980s there was a consumer boom in their internal economy; so much wealth was accumulated o Companies in japan bought space in times square in New York or big office complexes in Chicago, LA, and Miami “anti-ice Japanese sentiment that permenated American society” So many people bought a lot of stuff that the prices inflation became so high and they smashed down suddenly o Related to the 2008 recession in America Japanese returned to becoming big savors once again so the economy is currently flat The government is trying to fix the economy so they changed the bank interest rates in japan to ZERO o
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Fall '08
  • JDBOYER
  • japan, Hu Jintao, Wen Jiabao, Team West, shinto slump

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture