However, during the same period the Japanese economy has been growing at about 3% per year.
The most important was general growth in the Japanese economy and income levels.
Capital spending makes up about 15 percent of the Japanese economy.
"It will be the slow death of the Japanese economy."
The Japanese economy has been on the ropes for most of the 1990's.
"But we must see whether the Japanese economy can sustain the the growth."
The first is if the Japanese economy were to get very bad.
The Japanese economy before the mid-1800's was based largely on rice.
The Japanese economy has been in a slump since the middle of 1985.
Future Vision for the Japanese Economy (1968)