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	Custom essay, Research Paper:Business in Japan

	The magnitude of Japan's economic success is enormous. A nation of 120 million people living in crowded islands endowed with few natural resources has become the second largest economy in the world, less than half a century after being defeated and devastated in the Second World War. Japanese wages have increased in money terms from levels comparable with third world countries to levels comparable with the United States. It is true that because of the high cost of living in Japan, real incomes when adjusted to take account of differences in price levels are still significantly higher in the USA.

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