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|User Info||How Does It Feel Ben?; entered at 2009-04-04 18:37:49|
Registered: 2008-11-29 tokyo
Ilikecoffee, the result for japan has been a decade plus of stagnation. the rise of the PRC economy saved the investment dynamics, but debt, as was noted, transferred to gov't, where it remains. of course, that is social internal debt, not external as in the case with the usa. savings rates have been high but savings have been dropping. employment growth was sustained at stagnation levels and the demographic shifts of a dramatically aging population ensures the need for a new cadre of, especially, farm workers. of course, in a land where most media addled young people want to be cartoon voice actors (slight exaggeration) the delights of pitchforking and rice planting are ill considered. unemployment is up, in short, now, and the population of the rising cadre is very poorly utilized.|
japan's lost decade has been one of fundamental denial and eating the seed corn.