I love Japan as a country so I hope you are wrong. The demographics suggest you are right. The powerful interest groups that Friedman mentioned also exist the

I love Japan as a country so I hope you are wrong. The demographics suggest you are right. The powerful interest groups that Friedman mentioned also exist there too. Two differences with Japan: First, their debt is domestically held so they can avoid bond vigilantes. Second, as a country and culture they have been able to come together and solve great problems when they get consensus. (They just haven't had that consensus in decades)