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Japan’s Economy Is Getting a Lot of Things Right
As Japan’s emperor Akihito prepares to abdicate, what’s known as the Heisei period -- Jan. 8, 1989, through April 30, 2019 -- draws to a close. Those 30 years will forever be associated with the spectacular asset bubble that burst right at the beginning, and the economic lost decade that followed. Heisei was also when Japan’s population peaked and started to decline. But it was a time when Japanese popular culture flourished and gained international renown. And in the 2000s and 2010s, Japan’s growth recovered its footing: Economically, the period ends on a high note, with record employment rates, and wage ... (full story)