The Japanese Economy: Text Completion

Instructions: Click the "play" button and listen to part of the conversation from the quiz. Then choose words from the vocabulary list above and write them in the correct blank. Use the "tab" button to move from one blank to the next. Not all of the words are used.

Once a symbol of enormous economic growth, Japan has (1) into a deep recession with the burst of its bubble economy (2) in the early 1990's. This is, without a doubt, the worst economic (3) facing this country since the end of World War II. One wonders if Japan can see its way through the storm and (4) these latest doldrums.

In the 1980's, real estate prices (5) to super inflated levels, and investors sank their money into the (6) stock market. There seemed to be no end in sight for the land of the rising sun. Everything was rising, and the government, financial institutions, and individuals paid little (7) to the warning signs of an imminent crash. Then, the bubble burst, and land and stock prices plunged.


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