Japanese Financial Crisis
Older generations of Japanese grew up with the
country's post World War II economic miracle. They had lifetime
employment, steady and prosperous jobs. Younger Japanese came of age
during the Asian economic crisis of the 1990's, a world of post
September 11th uncertainty, then the economic collapse of recent years.
"The systems that seemed to have worked so well for
the Japanese really kind of came apart in the 1990's. And the faith in
the Japanese system was also deeply disturbed," said Smith.
The Japanese were still trying to get their economy
back on track and find their confidence when the earthquake and tsunami
struck.
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