Since the Fukushima nuclear disaster triggered by the giant tsunami that hit Japan in 2011, the country has gone through a difficult transition as a developed country and as one of the global economic leaders. As of 2012, Japan had the third highest GDP in the world but placed as the top nation with the greatest deficit in its national budget. Several primary factors have brought about the present economic challenges of Japan in relation to the global market which used to be its primary source of its wealth, if not its virtual playground, from the 1960s to the 1980s. Here are the reasons for its economic woes at present. 1. Decrease in consumer confidence Almost every country that experiences a calamity suddenly undergoes a…