The combination of steep inflation and slow growth rates was a common problem faced by industrial economies in the late 1970s and early 1980s. Japan responded to these issues on the micro level by pursuing policies for “streamlining” businesses, especially through energy conservation, and on the macro level by promoting financial reform.
CITATION STYLE
The Global Responsibilities of an Economic Superpower (1981–1992). (2020). In Economics, Law, and Institutions in Asia Pacific (pp. 101–201). Springer. https://doi.org/10.1007/978-981-15-1987-1_3
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