5 ms·
Japan is about to hit the wall though. They've lived off of a culture of savings, and those savers are all retiring, so Japan is going to see a reduced ability
by watchandwait 15y ago
Japan is about to hit the wall though. They've lived off of a culture of savings, and those savers are all retiring, so Japan is going to see a reduced ability to finance its debt domestically. (This is also already beginning to impact the U.S. ability to borrow from Japan). Japan's house of cards is going to collapse in the next decade, and Japan's long slide of mismanagement into the second tier of the global economy will be complete. In just a generation they will have fallen from first place to trailing Korea.