THE DISCUSSION: The dozen parties vying in a Dec. 16 election agree that the world’s third-largest economy needs help after sliding back into recession for the fifth time in 15 years. But they are at odds over how to achieve enduring growth.
Recommended Stories
THE BACKGROUND: More than 20 years after its “miracle economy” bubble burst, Japan is trapped in a vicious circle of declining prices and demand. Sluggish growth prompts businesses to cut prices, while consumers cut spending.
THE POLITICS: The election winner will provide Japan’s seventh prime minister in seven years. The constant government changes have stymied needed tax and labor reforms.
