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I don't think Japan is the example you think it is. They've had stagnant GDP growth for the last 20 years (< 2%). In the 1980s they were the fastest growing cou
by bko 5y ago
I don't think Japan is the example you think it is. They've had stagnant GDP growth for the last 20 years (< 2%). In the 1980s they were the fastest growing countries and were the "China" of their time. Spending causes market distortions.
https://tradingeconomics.com/japan/gdp-growth https://tradingeconomics.com/japan/gdp-growth
- astrange 5y agoI do think it is the example I think it is. Their deflationary pressure is so strong they’ve been “printing money” for years before this, are doing even more now, and price inflation has barely happened. What matters is if the money is spent past supply limits, not if it’s printed. Although, if you go there the quality of life is high enough that it always seemed like they’re just sandbagging the numbers to keep everyone else away. It’s not all leftover 80s investment.