Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession - eviltoast
Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.
  • neutron@thelemmy.club
    7·
    9 months ago

    Isn’t Japan a well known case of chronic recession lasting for decades since the 90s? There are more general issues that other East Asian countries share like population decline.

    And paywalls. Why.

    • HobbitFoot @thelemmy.clubEnglish
      8·
      9 months ago

      Yes. The country grew quickly until its bubble popped, then hasn’t been able to grow much since then.

      You have population decline, but you also have a greater resistance to change in the workforce, zombie companies, and an IT infrastructure stuck in the 90’s.

    • ImplyingImplications@lemmy.ca
      7·
      9 months ago

      Yup! There’s a funny line in Economics.

      “There are 4 types of economies: Developed, Developing, Japan, and Argentina”

      Argentina is a country that acts like a developed economy, but isn’t. Japan is a country that acts like a developing economy, but isn’t.

  • hangukdise@lemmy.ml
    4·
    9 months ago

    The BOJ is counting on low interest to force a devaluation of peoples savings to drive consumption and, given the massive amount of savings, it will take time to burn through that