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>Prices feel like a middle income country, but that is just the Yen sucking No it isn't. In purchasing power terms Japan has been, or is about to be overtaken
by Barrin92 2y ago
>Prices feel like a middle income country, but that is just the Yen sucking
No it isn't. In purchasing power terms Japan has been, or is about to be overtaken by Poland and Slovakia [1]. This is largely due to demographics and the declining share of the working age population. There is nothing that impoverishes countries more. Gradual decline feels fine for a while, until it doesn't when the bulk of the workforce ages out.
[1]https://marginalrevolution.com/marginalrevolution/2024/07/polands-ppp-income-is-likely-to-exceed-that-of-japanby-2026.html https://marginalrevolution.com/marginalrevolution/2024/07/po...
- rawgabbit 2y agoJapan demographic crisis is due to a mismanaged economy where many Japanese leave the country to find work. They are also not interested in mass immigration. https://www.pewresearch.org/global/2018/11/12/perceptions-of-immigrants-immigration-and-emigration/ https://www.pewresearch.org/global/2018/11/12/perceptions-of...
- rwultsch 2y agoDoes this not speaks to the rapid growth of Central Europe economies rather than a decline of Japan? I have read similar comparisons for both the U.K. and Germany vs Poland. Also, a quick googling suggests both Poland and Japan both have fertility rates around 1.2. Working age of Poland is 65% of the population vs 60% for Japan. So a bit worse.