Bring their negative interest rates into the context
An interesting data point to view in context of aggregate GDP & GDP per capita being stagnant for 30 years.
This supports the school of thought that “Demographics is destiny”.
Any chance they’re more productive because they don’t have nearly as much child care due to low fertility rates?
30% of Japanese are over 65 vs 17% in the US. They don’t have enough young workers. Immigration is everything. You can buy beautiful homes in Japan for $30k USD.
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Source: https://fred.stlouisfed.org/graph/?g=HmAE#
Bring their negative interest rates into the context
An interesting data point to view in context of aggregate GDP & GDP per capita being stagnant for 30 years.
This supports the school of thought that “Demographics is destiny”.
Any chance they’re more productive because they don’t have nearly as much child care due to low fertility rates?
30% of Japanese are over 65 vs 17% in the US. They don’t have enough young workers. Immigration is everything. You can buy beautiful homes in Japan for $30k USD.