Discussions over Japanification and Economic Growth A. What is "Japanification"? Lately, the term "Japanification" of advanced economies has come to be used frequently.4 While it does not really have a clear definition, it often is used to explain the following situation.
The story of these communities goes back a long way, beginning in ancient Greece, followed by 5 centuries under the Roman Empire, then continuing for 1,000 years during Byzantium. Then came nearly 600 years of Ottoman rule and, more recently, the communist take-over of these countries, which resulted in an expulsion of all non-communist Greeks.