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Confusion In The Japanese Economy: Four Problem Areas Beginning of Paper I sense a major paradox surrounding Japan lately. If you look at GDP, or the per capita national income, Japan is one of the richest countries in the world. Trade surpluses are at record levels, foreign exchange reserves are the highest in the world, and Japan is the biggest credito .... Middle of Paper .... premium" on top of market interest rates, as happened from 1962 to 1964. At that time, because Japan was seen as a second- or third-rate country, this was to be expected. However, Japan is now a financial giant. Is it strange that Japanese banks have to pay higher interest rates when they borrow money? At the international conferences I have attended over the past few months, whenever the Asian crisis is discussed, four countries--Thailand, Indonesia, Korea, and Japan--are mentioned as the main problem countries. China's new and powerful .... 1263 words | 5 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95