1945

Japan

Nine years on, the Japanese economy is gradually recovering from the triple catastrophe of March 2011, in which an underwater earthquake caused a tsunami that, in turn, flooded the Tohoku area and set in motion the Fukushima nuclear disaster. Economic growth has been lethargic ever since. It peaked at just 2% in 2013 and languished at 0.8% in 2018 (Figure 24.1).

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