Conclusion: Japan’s Economic Future

For almost 400 years, Japan has enjoyed a national economy that compared favorably with most of the world’s nations. However, the post–World War II years were unprecedented as the archipelago nation became the world’s second-strongest economic power. Readers of this chapter now understand that despite Japan’s continuing high level of affluence, the nation faces a wide array of economic challenges. If history is a reliable guide, the odds are high that these challenges will be successfully negotiated.