was-former-prime-minister-koizumi-the-bad-guy

Was former Prime Minister Koizumi the bad guy?

Recent catastrophic developments in Japan's economy cast doubts over his liberal policies.

The Japanese economy has been picked up and hurled off a cliff. Such a steep decline in GDP over the past two quarters -- a quarter-on-quarter contraction at an annualised rate of 15.6% in the January-March quarter and a 12% annualised quarter-on-quarter decline in September-December 2008 -- is probably unique in the lifetimes of professional observers of any major economy.

No country within the Organisation for Economic Cooperation and Development OECD has suffered such a fall in key economic values as Japan. Over the course of this latest decline, industrial production reverted to 1992 levels, exports fell over 70% in the first quarter from the previous year, knocking 15 percentage points off GDP...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222