How does Japan's current economic situation compare to its economy during the 1980s?
A) Iron triangles have less influence in the current economy.
B) The current economy experiences lower unemployment but higher GDP per capita than was seen in the 1980s.
C) The developmental capitalist model has been traded for a liberal model with very little state influence.
D) The government carries more public debt now than it had in the 1980s.

Question

Quizplus · Accepted Answer

Japan's current economic situation is characterized by a high level of public debt, which is significantly higher than in the 1980s. In the 1980s, the Japanese government had a minimal level of public debt compared to its current state. This high level of public debt is one of the major challenges faced by Japan's economy.

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