Japan 2012: Country at the crossroads
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Japan’s problems are well documented: Years of deflation, an ageing population, a strong yen, the March 2011 earthquake, tsunami and nuclear meltdown, a record trade deficit of $54 billion, and a net debt GDP ratio that “places it in a slightly better position than Greece, but worse than Italy” says Professor Mitsuhiro Fukao, Professor of Economics, Faculty of Business and Commerce, Keio University.