Japan's Economy: Phoenix or Quagmire?

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The research paper explores Japan's economic evolution, focusing on the significant crises it faced, particularly the prolonged economic downturn of the 1990s known as the "lost decade." It begins with an overview of Japan's economy post-World War II, examines the causes and effects of the 1990s crisis, and discusses the recovery phase starting in 2003. The paper culminates in assessing Japan's current economic status, ultimately questioning whether the nation is on the path to revival or still mired in difficulties.