The following economic and social paradox has attracted the attention of analysts for at least two decades.
The Soviet-style economy with its presumably full employment is dead. State-owned heavy industry is partly ruined and partly privatized in a peculiar crony manner. The consumer-oriented industries did not reach the necessary normal development scale, and stores around the country had been and still are full of imported goods ranging from cheeses and “J.W. Bush’s chicken legs” to garments, footwear and mobile phones.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.