Analyse Japan's mis-management of the economy in the 1980-1990 period

Japan is the world’s second largest economy with a gross domestic product of roughly more than AU$5.2 trillion in 1997.Japan’s economy is larger than that of Germany, the United Kingdom and France combined. It is ten times the size of China and seventeen times the size of India. Japan represents almost three quarter of the entire Asian economy. Furthermore in 1996, Japan’s economy had the highest growth rate of 3.6% in the industrialised world.
The Japanese economic pie grew at an annual rate of ten percent from the mid 1950’s until the Arab oil shocks of the early 70’s. The Japanese then managed to maintain much more modest...