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> And given their GDP growth, I'm not sure if "works" is really the right term either. Japan's GDP growth is actually good for an advanced economy, when you in
by tuatoru 5y ago
> And given their GDP growth, I'm not sure if "works" is really the right term either.
Japan's GDP growth is actually good for an advanced economy, when you index it to the size of the working-age population.[1]
Japan's working-age population has been shrinking for quite a while now.
(China's is peaking about now, so it can expect total growth to slow down. Hence the measures taken by the CCP to try to increase fertility: lifting the one-child policy to three children, introducing tax breaks, limiting for-profit tutoring, and most recently cracking down on alternatives to making babies: video games and on-line shopping and social media.)
1. Japan's working age population peaked in 1997: https://fred.stlouisfed.org/series/LFWA64TTJPM647S https://fred.stlouisfed.org/series/LFWA64TTJPM647S