How does Japan's current economic situation compare to its economy during the 1980s?

Question

Quizplus · Accepted Answer

Japan's public debt has increased significantly since the 1980s, with the government carrying one of the highest debt-to-GDP ratios in the world.

Answer: C
 Japan has shifted from a developmental capitalist model (with heavy state intervention in the economy) in the 1980s to a more liberal model with less state influence.

Option A is incorrect, as iron triangles are still influential in Japan's political and economic system. Option D is also incorrect, as Japan's public works investment has decreased since the 1980s. Option E is partially true, as Japan's unemployment rate is lower now compared to the 1980s, but GDP per capita has also declined since its peak in the late 1990s.

How Does Japan's Current Economic Situation Compare to Its Economy