Economic Stagnation in Japan

The video discusses Japan's 'Lost Decades', a period of economic stagnation from 1991 to 2021. It explores the initial economic boom post-WWII, the burst of the speculative bubble in the 1990s, and the subsequent stagnation. Despite global economic growth, Japan's economy grew at an average of only 1% per year. The video highlights the challenges Japan faces, including low productivity, high debt, and demographic issues. Attempts at economic reform have been made, but the impact of the COVID-19 pandemic has further hindered recovery.

What does the term 'Lost Decades' refer to in the context of Japan's economy?

• A period of extreme economic stagnation

• A period of technological advancement

• A period of political instability

• A period of rapid economic growth

When was the term 'Lost Decades' first introduced?

• 1991

• 2000

• 2010

• 2021

What was the average annual growth rate of Japan's economy between 1991 and 2021?

• 4%

• 2%

• 1%

• 3%

What major event in the early 1990s significantly impacted Japan's economy?

• A natural disaster

• A technological breakthrough

• A political scandal

• A speculative bubble burst

Which year did Japan's GDP take 12 years to recover to the same levels?

• 2010

• 2001

• 1995

• 1989

How many of the world's top 50 companies were Japanese in 1989?

• 40

• 10

• 20

• 32

By 2011, how did Japan's real per capita production compare to Australia's?

• 14% higher

• 14% lower

• 20% higher

• Equal

What was Japan's productivity ranking among developed economies in 2018?

• Average

• Lowest

• Second highest

• Highest

What was one of the main goals of the reforms attempted by Japanese legislators in 2012?

• Decrease population

• Increase population

• Decrease inflation

• Increase inflation

What event in 2020 further impacted Japan's long-term economic prospects?

• The COVID-19 pandemic

• A political scandal

• A natural disaster

• A technological breakthrough