For two decades, as one Asian economy after another boomed, Japan’s economy remained virtually stagnant. Now, with Asia’s two giants, China and India, slowing down – and perhaps impeding economic performance in much of the rest of Asia – Japan is recording its strongest growth since the 1980’s.
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TOKYO – Once again, Japan is Asia’s odd country out. For two decades, as one Asian economy after another boomed, Japan’s economy remained virtually stagnant. Now, with GDP growth in Asia’s two giants, China and India, slowing precipitously – a decline that appears to be contributing to diminishing economic performance in much of the rest of Asia – Japan is recording its strongest growth since its 1980’s boom.