Your general point is a good one, but the Japanese example is perhaps bad. The definition of recession doesn't work well in a country with a shrinking populatio

Your general point is a good one, but the Japanese example is perhaps bad. The definition of recession doesn't work well in a country with a shrinking population. Japan's per capita income is growing, and labour force participation is up. https://www.vox.com/2015/11/17/9749264/japan-recession-abenomics https://www.vox.com/2015/11/17/9749264/japan-recession-abeno...