ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Implosion of Japanese Capitalism

For nearly a decade now, Japan has been in the throes of a severe economic and political crisis. The dazzling growth of capitalism in Japan came to an abrupt end in the late 1980s when rising corporate debts and bankruptcies followed alongside overproduction and deflation. The crisis has given rise to a widespread cynicism among the public, who fear the prospect of rising unemployment and declining spend on social security.



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