Japan’s cement industry sees light at the end of the tunnel
1 Introduction
Japan’s “two lost decades” from 1991 to 2010 show an extreme example of a weak recovery from a financial crisis, now referred to as “Japanization”. The term is mostly linked to the countries prolonged, substantial decline in stock and real estate prices and lack of GDP growth. Several factors may have contributed, such as the large-scale banking crisis and delayed banking sector reforms, inadequate macroeconomic policies and low levels of corporate investment.
The loss of industrial competitiveness in specific sectors, a slowdown in productivity and an aging society have also...
