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No lunch in Ginza: Japan's scaled-back spending helps push economy to recession
- mytailorisrich 3y agoI don't know what the situation is in Japan, but my understanding is that population is decreasing, which is bound to weight on GDP growth even if per capita the trend is not necessarily negative (although in this case the article suggests it may be). Compare with the UK, which has also officially entered recession but with record population growth...
- audunw 3y agoIt’s not the decline in population that’s a problem for Japan. It’s that the population is ageing. There’s a lot of old people, and not enough young people. So not enough working age compared to non-working population. And they never had any significant amount of immigration, which has helped postpone similar issues in Europa and USA.
- mytailorisrich 3y ago"Postpone" is the key word. Immigration is not a solution and creates its own problems. The way forward is to adapt to ageing and decreasing population. GDP will decrease.