Once seen as a dynamic economic powerhouse, Japan has been, since the 1990s, mired in a lingering economic recession. This has resulted in

Question

Quizplus · Accepted Answer

All of the above statements are true. Japan's economic recession has led to a chronic budget deficit and a growing national debt. The government's budget has been growing at a rate faster than the national economy, and they have had to take measures to increase revenue, such as raising the rate of the value-added tax. As a result of the economic downturn, the level of official development assistance by the government has also sharply declined.

Once Seen as a Dynamic Economic Powerhouse, Japan Has Been