2021 Reports
Japan’s Economy: Stable in a Turbulent World
Japan is a comfortable, safe, relatively high income, advanced democratic nation with an educated, skilled, well-motivated labor force, private sector high savings rate, the rule of law, and well-developed markets. The unemployment rate is very low, modest GDP growth per capita continues, and prices are flat with CPI increases still significantly below the 2 percent target. Japan is fundamentally stable socially, politically, and economically, with an ethnically homogeneous population of 126 million. If this sounds familiar, it is because my last two annual essays have begun similarly, and future ones are likely to as well. This speaks well of the steadiness and persistence of contemporary Japan.
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OP 80.Hugh Patrick.Stable in a Turbulent World.pdf application/pdf 269 KB Download File
More About This Work
- Academic Units
- Center on Japanese Economy and Business
- Publisher
- Center on Japanese Economy and Business, Columbia University
- Series
- Center on Japanese Economy and Business Occasional Papers, 80
- Published Here
- February 5, 2021