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© Thomson Reuters 2021.Wider COVID-19 curbs heighten double-dip recession risk in Japan
By Leika Kihara and Chris Gallagher TOKYO©2024 GPlusMedia Inc.
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robert maes
The economy ofJapan has been in a slow steady decline since 1997, speeded up in 2008 and again 2011 by indirect incidents. The china-Us trade war, the Korea spat, the virus but most of all declining population and educational standards will keep the Japan economy on a strong downward trend.
The only thing to do ids to address the problems, not ignore and hide from them and somewhere around 2025 find a stable floor and provide high standard of living bjt is is inevitable the Japan economy will shrink in size. Hopefully that does not mean the citizens live worse. If handled well, we should all live better
Alan Harrison
Good comment above.
Actually I believe that the seeds of Japans economic decline began in the mid 1980's, even before the height of the economic bubble.
Jonathan Prin
Why put economy over people's life ?
Population is already shrinking and suicide is raising again. Why not help citizens instead of letting large companies feast ?
Guess no one sees the obviius li'k between politicians and Dentsu like organizations.
kurisupisu
Why do other prefectures need to cause more economic pain to their citizens?
Hospitals are not overburdened nor are there mass deaths due to the virus.
Septim Dynasty
Japan is still relevant today because there are things.
American outpost to project military, economic, political influences into Asia.
Middle person for developing nations to get easy loans from international financial and banking institutions
Special privileged access to the Western high-end supply chains (chipmaking to industrial robotics)I think Japan will probably bet on keeping the first (American outpost), while the other two aspects are gradually losing to Japan.
Mickelicious
And the cost of no curbs is...?
Japan's best companies are doing well by going up the value chain. The country needs to, too. Education is key to that, and so is critical thinking on an individual level.
Unless the country seeks to be ripe pickings for China, the LDP must die, and proper meritocratic democracy - warts and all - be achieved. No more fealty, press clubs, or gerontocracy.