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The decline in financial growth was attributable to both exterior events and mismanagement in public and private agencies. This was enormously apparent in the financial sector. The author draws on a number of staggering works on the field, adding the Political Economy of Japanese and Asian Development, Mitsuo Saito's The Spirit of Management, and Fumio Hayashi's Positive Analysis and Design of Economic Institutions. The quality of labor is also a crucial issue. While the nominal level of schooling in Japan has remained stable, the high-quality of education has slipped through the years. The Ministry of Education diminished the primary of textbooks for fundamental school subjects, but corrected this mistake a few years ago. This correction came after severe grievance from school educators and specialists. Moreover, workout on the job has been missing, contrary to the long-standing culture of Japanese enterprises. After the Vietnam War, Japan's financial system began to flourish. The common starting salary for a college graduate was $80 per thirty days. The price of an LP record was Y2,100 ($6).
05.01.2023

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