Why China should stop worrying and embrace ‘Japanification’
As I discovered recently, a person’s first trip to Tokyo can be an interesting experience. Its high standard of living, clean streets, orderly public life and inexpensive, dependable infrastructure are likely to impress a first-time visitor.
However, puzzling as it might be, Japan’s GDP has not grown much since the 1990s despite clear evidence of a thriving economy. In US dollar terms, Japan’s GDP was higher in 1993 than it was in 2024. There are a few reasons for this disconnect. Some of it has…
However, puzzling as it might be, Japan’s GDP has not grown much since the 1990s despite clear evidence of a thriving economy. In US dollar terms, Japan’s GDP was higher in 1993 than it was in 2024. There are a few reasons for this disconnect. Some of it has…