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Rebalancing the world economy: Japan Stuck in neutral
Oleh:
The Economist
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 392 no. 8644 (Aug. 2009)
,
page 55.
Topik:
Japan
;
Economy
;
Financial Crisis
;
Trade
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.56
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
NO CITIZENS in the rich world take as few holidays as the Japanese. No wonder. This week, as millions left the cities for an annual pilgrimage to villages where they venerate the souls of their ancestors, many were likely to be stuck in 40-mile traffic jams on oven-like expressways, cursing the midsummer heat. Such misery is common during the Buddhist festival of Obon, but it is worse this year. One of the government’s aggressive measures to alleviate the economic crisis is to encourage people to spend money on hotels, transport cafés and other forms of leisure. To do that, it has slashed the cost of toll roads to almost one-tenth of their normal level, attracting yet more people on to fume-choked roads. This is not the first time Japan’s leaders have tried to emphasise the fun side of life to strengthen Japan’s domestic economy and leave it less vulnerable to the vagaries of world trade. In 1986, when Japan’s bulging current-account surplus was a huge source of tension with America, the Maekawa report, written by a panel of Japanese experts, preached the virtues of more time off as a means for workaholics to let their hair down and spend, spend, spend.
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