As a result, not only are countries like Japan unable to help the global economy recover from a slump, but they are themselves dependent on outside stimulus to pull them out of it. This is a serious fault line. Indeed, an important source of Japan's malaise in the early 1990s was that the United States did not pull out all the customary stops in combating the 1990–91 U.S. recession, and thus did not provide the demand that historically had helped Japan out of its downturns.
Japan never developed domestic market and all growth was dependent on global trends. Japan dependent on US economy to pull Japan out of any slumps.
shal liked this
