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> For those unfamiliar, Japan has had a so-called "Great Stagnation" since the 90s. Population has declined, GDP growth is slow and puttering, and some are sayi
by thrweoiu235324 5y ago
> For those unfamiliar, Japan has had a so-called "Great Stagnation" since the 90s. Population has declined, GDP growth is slow and puttering, and some are saying that Japan has lost the edge it had in the 80s.
This is more or less the story of Europe, however in the case of Japan, the central Bank (BOJ) actively conspired to kill (aka reform) the Japanese economy by creating a boom-bust cycle out of bank lending quota manipulation.
It all sounds "conspiratorial" but is well documented in "Princes of the Yen" (anything questioning illegitimate power today, is automatically a "conspiracy"...). It's really quite sad to see the country which set the model for Asia being destroyed like this.