Japan

Japan’s socio-economic system underwent a major structural reform in the first decade of the 21st century. The top priority for the nation at the turn of the century was to recover from the prolonged economic distress caused by the collapse of the ‘bubble economy’ in the 1990s. In an effort to regain its industrial vigour in an increasingly competitive global environment, Japan opted for small government. By streamlining the public sector and promoting market competition, it sought to rebuild its economic strength.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities