This chapter explores the challenges Japan faces in increasing economic output, including school migration, low productivity, and the loss of technological lead. It also discusses the potential for Japan to regain competitiveness by producing high-quality goods and emphasizes the importance of productivity for long-term growth.
Japan's economy has been stagnant for 2 decades, and while some economists look at this as an outlier, it might be something that just happens to all advanced economies, and Japan just got there first. After suffering the "lost generation", can Japan come back and recover growth, or is their fate one we will all eventually reach?
Learn more about your ad choices. Visit megaphone.fm/adchoices