Japanese Economic Performance During the 1990s
As is readily seen from Figure 1.1 and Table 1.1, Japan’s economic performance has been disappointing for much of the 1990s. Economic growth decelerated in 1992, with nominal GDP growth falling from 6.2% in 1991 to only 2.6%. Over the following year, growth fell further to only 1%. With the exception of 1996 and 1997 (when growth recorded 2.6% and 2.2%, respectively), nominal GDP growth stayed below 1.5% throughout the decade 1992–2002. In 1998, 1999, 2001 and 2002, it even recorded a significant contraction of over 1% (culminating in the 1.5% contraction of 2002). 1992–2002. In 1998, 1999, 2001 and 2002, it even recorded a significant contraction of over 1% (culminating in the 1.50% contraction of 2002).
KeywordsCentral Bank Significant Contraction Government Deficit Wage Index National Police Agency
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- 1.Philip Coggan, Will the US economy soar or belly-flop?, Financial Times, 26/27 July 2003.Google Scholar
© Richard A. Werner 2005