Japan: Economic Decline
8 minutes, 2002
Ref: 307

The world's second largest economy, Japan, has now slowed down so much it's suffering from deflation - which means prices are actually falling. The effects are catastrophic - businesses are folding, unemployment is rising and Japan's once-mighty banking system is on the brink of a meltdown. It is Japan money that makes the global economy go around. If that money is withdrawn, then essentially, the global economy will grind to a halt. We look at the reasons why.