The Japanese Economy
Constrained by the weak state of its financial sector, Japan’s recovery from the recession of 1992 has been tenuous at best. The recent financial crisis in Southeast Asia has imposed additional economic burdens by reducing Japanese exports to that region and by further weakening the position of Japanese banks with heavy exposures there.
Suggested citation: “The Japanese Economy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-05, pp. 19, 05.01.1998.