The prudent measures applied by government have brought about a decline in government net dissaving from the high level of 7,3 per cent of gross domestic product in 1992 to 1,1 per cent in 2003. 5.
As a result, they have raised wages to quickly secure labor and also raised their prices of goods and services to curb excess demand. In contrast, demand in Japan has not recovered as rapidly as that in the U.S.