Japan's mediocre economic performance persists and fundamental problems remain unresolved

Patrick, Hugh T.

Basically Japan’s mediocre economic performance continues. Even more dismaying has
been the persistence of the same major macro, financial, and structural problems that have
plagued Japan for some years now – inadequate aggregate demand, huge non-performing loans,
corporate excess capacity and low profitability, unemployment, slowness to engage in substantial
structural reforms, and so on.

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 51
Published Here
February 16, 2011