The drop-out rate from Japanese courses at UK universities is extremely high. Most students take it up from scratch and it proves a challenge too far for all but the most linguistically gifted. Japanese economic history can at least be studied in translation, although it still makes for difficult reading. Vacillation, combined with policy missteps following the pricking of the housing and stock market bubbles in the early 1990s, condemned Japan to a debt deflation cycle not seen in a developed economy since the Great Depression.
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