FORA Economy

Season 2009 Episode 0223

Hugh Patrick: Economic Crisis in Japan

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Hugh Patrick: Economic Crisis in Japan
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Professor Hugh Patrick discusses the impact of the global economic crisis on Japan and outlines the road to recovery."It was different that in the United States where we had a housing crisis and then a financial meltdown," Patrick says."[Japan's] problem is that over the last five or six years, they've depended too much on exports and on domestic business investment as the sources of demand in the economy, and not enough on consumption," he continues.moreless
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