College of Psychiatric and Neurologic Pharmacists

After World War 2 and the Korean War, Japan gained political stability by merging two conservative parties in 1955, then capitalised on this stability to promote economic growth. What emerged was an interdependent system that satisfied major political groups by funding benefits from tax money rather than by weighing objectively social benefits and costs. This system succeeded in an era of prosperity, but Japan now has a rapidly ageing population, enormous financial deficits, and slow economic growth.

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