Chatnagrekofrom japan


Chatnagrekofrom japan-51

Japan's anaemic economy is well understood, but how it has affected Japanese society is not.

This is where Mr Kingston's contribution shines.

When the bubble burst, Japan lost paper wealth of $16 trillion, or three times its annual gross domestic product—far more as a share of GDP than the world suffered in the latest financial crisis.

The crisis exposed or exacerbated ugly elements of Japanese society that had been swept under the mat, from its high rate of suicides and domestic violence to bureaucratic bungling and dishonesty.

Japan's judiciary boasts a 99% conviction rate, usually based on confessions, at times coerced.