Japan economy | Japan’s wage paradox has roots in 1997 Yamaichi crash

Japan’s wage paradox has roots in 1997 Yamaichi crash

The failure of one of Japan’s four fabled brokerages was arguably the most frightening moment of the Asian crisis

December 7, 2017 9:08 AM (UTC+8)
A man walks past a display of global stock indices (green for losses) in Tokyo. Photo: Kazuhiro Nogi/ AFP
A man walks past a display of global stock indices (green for losses) in Tokyo. Photo: Kazuhiro Nogi/ AFP
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