Introduction Japan is known for being the world’s 5th biggest importer and exporter (EW World Economy Team, 2013). However, several news reports highlighted the fact that the economic growth of advanced economies like Japan was badly affected by the global financial and economic recession that has occurred between 2008 to 2011 (Rasmus, 2013). As a result, Japan’s annual GDP growth rate fell from 2.2% in 2007 down to -1.0% and -5.5% in 2008 and 2009 respectively (The World Bank, 2014c). In general, either…
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