| HBS Case Collection
(Revised from original 1992 version)
Japan Confronts an Interdependent World
Traces the evolution of Japan's economic strategy from 1972 to 1992. Describes the collapse of the Japanese stock market in the spring of 1992, raising the question: Is this the end of Japan's miraculous growth? To help students consider that question, the case describes Japan's industrial and technology policy and reviews key economic events during the period, such as the Nixon shock, the oil shock, the Plaza accords and endaka (rising yen value), increasing U.S. debt, the U.S. recession, and the declining value of the dollar. Written from the point of view of a Japanese government policymaker.
Borrowing and Debt;
Government and Politics;
Growth and Development;
Situation or Environment;