Part 3/8:
Despite once being a contender for the title of the world's largest economy, Japan's economic trajectory shifted dramatically in the late 20th century. After approximately 40 years of stagnation, Japan has observed a decline in its currency value, amidst global economic tumult. The questions surrounding Japan's state, highlighted by recent headlines, continue to fascinate economic analysts trying to dissect the root causes of this stagnation.
While some claim that Japan's longstanding economic plateau is indicative of failure, the reality is more complex. Despite stagnation, Japanese citizens continue to enjoy high living standards, robust life expectancies, and relatively sustainable costs of living.