Topic: The Japanese Economy – Heisei Recession
Description:
Question for the essay:
“The Heisei Recession started in 1992, but in terms of inflation, the growth rate and other key variables, Japan’s real economic problems began in 1997.”
Critically discuss this statement
Don’t just talk about prices and the growth in output – note the reference to “other key variables”, which you should also talk about. And remember that the only reason these variables are interesting is because they tell us about the health of the economy as a whole, and its prospects for recover, so think on and talk about those issues as well.