Japan: Lost in Translation Part Two
The David McWilliams Podcast
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Japan's Economic Odyssey: Culture, Crisis, and Complexity
This chapter examines the intricate cultural and economic landscape of Japan during the late 1980s, punctuated by humorous anecdotes and deep historical insights. It discusses the repercussions of Japan's economic bubble, the societal implications of shame, and the slow financial institutional responses to crises, along with comparisons to Ireland. The narrative also highlights the challenges Japan faces amidst a declining population and significant national debt, while drawing parallels with China and the geopolitical stakes involved.
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