Why Japan’s Economy if falling:
1. At one point, Japanese economy was blooming because of the “export-led” growth Japan was making. However, with lack of growth in productivity as well as domestic demand, Japan’s economy slowly died.
2. Japan is in debt! “The central and and local government debt” is around 180 percent of the GDP. The bad news: Japan isn’t stopping and is continuing to borrow money.
3. One third of the populace are now old people. With so much elderly people, the government loses on tax revenues and has to provide for more “health care costs”.
4. Many see Japanese women making a difference. If more women begin working, then the economy will grow. However there are some cultural barriers that need to be broken down before this can be achieved.
5. MORE RISK TAKING needs to happen in large industries. There needs to be innovation. If Japanese companies can once again come up with products for the world, then its export can boom again.
Ray your points are quite clear and easy to understand. There are some points in here that I did not mention in my own blog post. Looking at your 5th bullet point, I also believe that some Japanese industries should be more risk-taking in order to remove deflation.
Ray thats so true
The expats are actually reducing by a whole lot, I mean justl ooking at rokko island. And I totally agree about the old people, they are just all over the place