Commentary by Hank F. Miller Jr.
The Japanese economic was at it\’s peak back in 1986. The country was almost as great an economic power as the U.S.A. It\’s now 25 years later and Japan has changed greatly after experiencing the failure of the bubble economy, the lemon shock and the Great East Japan Earthquake. With the economic success of Asian countries (especially China), the world faces a new age.While corporations from advanced countries have moved their manufacturing overseas,the economies of those nations suffer and unemployment rates have been soaring. Because of this, in place of manufacturing, many nations are seeking fresh sources of income, instead of depending on financial deals. However, as a result many nations including the USA are experiencing the same conditions Japan did after the economic bubble burst.
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