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Showing posts with the label Bank of Japan

Japan: Utopia or Dystopia?

In the final stages of the second world war, when the United State of America humbled the Japanese by bombing Nagasaki and Hiroshima with the atomic bomb. The nation was defeated and entered an abyss. At that time almost every scholar or intellectual predicted that Japan's future is in a massive doubt. However against all odds the country rapidly broke the chains of depression and defeat. It was just in the 1970's Japan was back as a power house, this time as an economic power house. In the 1970's the nation flourished as they kept on embracing capitalism. In the mid of the 1980's Japan had already surpassed the likes of United Kingdom and France. As Japan became the second largest economy in the world and the leader of the the electronic industry. Those pundits who once predicted the country has no future, now they were claiming the land of the rising sun will even surpass the United Sate's economy. Technology triumphed in Japan, Tokyo became the world capital...