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SPICE DIGESTS

Learning from the Japanese Economy

Despite recent improvements, Japan today still faces some of the same structural problems that triggered its 15 year economic malaise including low productivity growth relative to the past, continuing high consumer prices for basic necessities such as food, and record post-war unemployment rates. Japan's post-war economic rise and its current relative stagnation offers students and teachers opportunities to both learn more about Japan and better understand economic concepts.

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