Word: growth
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...that it was said the land on which the Imperial Palace sat in the center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly hit 39,000, the stock market has never come close to recovering. The Nikkei recently touched its lowest point since...
...This Together After a decade in the tank, Japan's economy started to recover around 2003, buoyed by spectacular growth in China and the U.S. This year's slump is correlated with the collapse of external demand; in January, Japan's exports were down an astonishing 46% compared with the previous year...
Japan can play a key part in getting growth going again. But that will require it to change, to expand its domestic economy rather than rely, as it has long done, on its exports...
...could never have generated by itself. Eager to raise living standards in their own countries, Asian policymakers and business people latched on to that formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success that they became known as the Asian tigers. Their growth model produced miracles--and, as Park said in a 1965 speech, exports were "the economic lifeline...
...time,” he says. “I haven’t been inclined to sacrifice one. Part of this is why I took a leave of absence.” While leaves of absence can be beneficial for taking advantage of a company’s growth phase, Ramaswamy says that should always consider returning to college. “These things are so volatile,” he says. “You may think it’s going to be the next biggest thing, and then the factors change. Google launches a new product...