ポスト ヘイセイ フキョウ ノ ケイザイ コウゾウ ブンセキ 1

Since the latter half of the 1980s, for more than 10 years after the collapse of the bubble economy, Japan suffered heavily from the Heisei recession. During the recession consumer prices remained relatively stable, a reflection of weak domestic demand, though eventually led to deflation in 2000 and after. The divergence of consumer price trends from other developed countries caused a decline in the yen\u27s value in real terms adjusted with the consumer price index. For instance, the real exchange rate in yen against the pound sterling in January 2008 was 345.96 yen, though the nominal rate was actually only 211.60 yen. This means that the purchasing power of the yen has greatly decreased more than is visible.Recovery from the recession has been attributable to foreign demand, mainly from the U. S., but also from Asian countries. Unfortunately, this foreign demand has not stimulated a corresponding increase in domestic demand, particularly in consumer expenditures. The labor distribution of the national income has also declined since 2002 due to wage cost cuts and an increase of part-time workers against an upsurge in corporate incomes. Whether this is a result of structural changes in the Japanese economy or just a delayed trickledown of corporate income should be discussed more thoroughly through continued analysis of corporate management behavior