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> Japan had deflation and as a normal person it was great. BS. Deflation means that (on average) people can't afford to buy goods. They simply don't have mone

• Glacia 3y ago
  >Deflation means that (on average) people can't afford to buy goods. They simply don't have money to do that! I'm pretty sure Japan never had big unemployment problems, so your claim is BS. >Japan has essentially zero GDP growth since 1990-s as a result. GDP is a useless metric, only useful for politicians to brag about their "achievements".
  • cyberax 3y ago
    > I'm pretty sure Japan never had big unemployment problems, so your claim is Japan is solving unemployment by essentially creating BS jobs, like people standing on a corner and holding a sign saying that there's a corner nearby. Meanwhile, good high-paying jobs are extremely hard to get into, and are very stressful. Remember when it turned out during Fukushima accident that lots of people normally hired to work on the power plant, were essentially unqualified day laborers? That's why. Japan is NOT in a good place economically. They are essentially wasting millions of lifetimes of human capital.
• HPsquared 3y ago
  And yet, somehow, Japan's Human Development Index has been increasing consistently over the last 30 years. https://hdr.undp.org/data-center/specific-country-data#/countries/JPN https://hdr.undp.org/data-center/specific-country-data#/coun...
  • cyberax 3y ago
    It's mostly a reflection of rising life expectancy. That's great, but it's not really a result of the Japanese economic development.