Part 1 Using Knowledge to Create Society and Economy for a New
Chapter 2 In the Era of Mega-Competition for Knowledge
Section 2 Innovations and Japan's Economy
1. The Stagnation in Japan's Economy
After the bursting of the economic bubble, Japan's economy showed
signs of recovery from around 1Chapter, but that recovery has already ended,
deteriorating once more, and companies are holding back on capital investment.
In this situation, Japan's economic growth is at the lowest level among developed
nations. Meanwhile, other Asian countries have overcome the currency crisis of
the late 1990s, with some recording unprecedented levels of economic growth.