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Postscript

In: The Japanese Economic Crisis

Author

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  • Jon Woronoff

Abstract

In order to understand what has been happening to the Japanese economy during the first half of the 1990s, and what is likely to continue happening to a lesser degree during the second half, it is necessary to review briefly the sad destiny of the late, great economic boom of the 1980s.1 It began in December 1986 and extended into the autumn of 1991, making it the longest of the postwar booms. The annual growth rate was nearly 5.5 percent with corporate spending rising by some 13 percent a year and individual spending by about 4 percent a year.2 And during this whole period it looked, acted and felt like a real boom. It was only later that doubts set in.3

Suggested Citation

  • Jon Woronoff, 1996. "Postscript," Palgrave Macmillan Books, in: The Japanese Economic Crisis, chapter 12, pages 243-272, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37568-0_12
    DOI: 10.1057/9780230375680_12
    as

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