> If these aren't enough - look around Japan outside of the 5 major cities. So much of the mid tier and smaller parts of Japan have been starved of cash. Cities

> If these aren't enough - look around Japan outside of the 5 major cities. So much of the mid tier and smaller parts of Japan have been starved of cash. Cities built at the peak in the 80s and 90s with no signs of new development in 20-30 years. FWIW I live in a "mid-tier", depopulating city in Japan, and there's been a ton of development. We got a bullet train 12 years ago, and since then we've gotten like 2-3 large new modern hospitals, 3-4 new large fancy shopping malls (replacing old dilapidated shotengai), big new beautiful parks, an expensive decade-long tunneling roadworks to reduce congestion, lots of roadworks and constant, constant construction of new modern condos replacing old buildings and single-family homes. We also now have so much solar they're paying home consumers to use excess generation on sunny days. Compared to a similar-sized city I'm from in Europe, it feels like we've being lavished with money. And it makes sense - this is where all that debt is coming from!