4 ms·
They're doing the right thing just about everywhere. Except real estate. One wrong move and it's 90s Japan all over again.
by rcpt 2y ago
They're doing the right thing just about everywhere. Except real estate. One wrong move and it's 90s Japan all over again.
- seanmcdirmid 2y agoI think Japan would have pushed through their real estate bubble if they just able to focus on automation like they were in the 80s and 90s. But the rise of cheap labor and great logistics in China ironically did those efforts in (or maybe it came too early?) and the Japanese economy fell behind for two decades.