"As living standards in this still wealthy nation slowly erode, a new frugality is apparent among a generation of young Japanese, who have known nothing but economic stagnation and deflation. They refuse to buy big-ticket items like cars or televisions, and fewer choose to study abroad in America."
Source: Japan, Once Dynamic, Is Disheartened by Decline
By MARTIN FACKLER
Steve Lohr contributed reporting from New York.
Published: October 16, 2010
http://www.nytimes.com/2010/10/17/world/asia/17japan.html?_r=1&ref=martin_fackler&pagewanted=all
Source: Japan, Once Dynamic, Is Disheartened by Decline
By MARTIN FACKLER
Steve Lohr contributed reporting from New York.
Published: October 16, 2010
http://www.nytimes.com/2010/10/17/world/asia/17japan.html?_r=1&ref=martin_fackler&pagewanted=all