Author: Alex Mann

The Roots of Japan’s Crisis

Today, Japan is passing through an era known as the Heisei period, which has defined the country since 1989. Most Japanese people consider the Heisei

The Roots of Japan’s Crisis

Today, Japan is passing through an era known as the Heisei period, which has defined the country since 1989. Most Japanese people consider the Heisei period a time of hardship, since it has been marked by drastic changes in the country’s economic, social, political and cultural structures, which have given rise to a society of haves and have-nots. This sharply contrasts with the idea that “Japan is a 99% middle-class country,” an observation often made by late-20th-century sociologists. Indeed, from the 1950s to the 1980s, Japan was able to create a Keynesian social pact, but since then it has adopted