Part one of term 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 creditor nation in the world. However, apart from 1995-96, business ...

Part two of term paper
... the rate is in the 130s. Some banks and securities companies have failed. Back when Japanese banks were ranked among the top ten in the world, the former chairman of a certain bank once said, "We have nothing to learn from abroad." At present, however, Japanese banks cannot borrow money from foreign financial markets unless they pay a "Japan 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 ...