November 18, 2012

Japanese growth rate between 1953 and 1973 grew at 9 per cent annual rate

" Between 1953 and 1973, Japan grew at a 9 per cent annual rate. From 1974 to 1990, this fell back to 4.2 per cent. Then came the recession in 1990. From then until now the average growth rate has been 0.5 per cent"

Source: Japan's sorry state a lesson for others
By Maximilian Walsh
Australian Financial Review
Tuesday 13th November, 2012, page 55

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