Search

Discusses Japan's financial crisis. Growth of the economy that has not been sustained; Governments that have attempted to resolve the crisis; Example of Prime Minister Junichiro Koizumi; Competition with China and South Korea; History of Japan's economy; Debt that the nation faces.

The article discusses that the American antimissile system built in South Korea, called the Terminal High Altitude Area Defense (THAAD), can erode its nuclear deterrent which worries China. It mentions Mao Zedong dismissed the atomic bomb as a “paper tiger & China built a nuclear arsenal of its own; China conducted first nuclear test in 1964, & has developed a stable of nuclear missiles.