The Intelligence from The Economist
The Intelligence: Land of the rising sums
Nov 24, 2023
Join Noah Snyder, Tokyo bureau chief, as he explores Japan's potential economic revival after decades of stagnation, highlighting investor interest and youth-driven changes. John McDermott, Chief Africa correspondent, reveals the booming lithium mining industry in Zimbabwe and China's pivotal role in securing this precious resource. Meanwhile, Anne Rowe, Obituaries editor, shares the inspiring story of Eleanor Otto, a remarkable 'Rosie the Riveter' who kept riveting well into her 90s, embodying resilience and unwavering spirit.
29:09
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Quick takeaways
- Japan's economy is showing signs of recovery with rising wages, increasing foreign investment, and a new generation of business leaders prioritizing economic growth.
- Africa, particularly Zimbabwe, is emerging as a key player in lithium mining driven by China's involvement, presenting opportunities for the country but raising concerns about economic distribution and environmental impact.
Deep dives
Japan's Economic Resurgence
Japan's economy, after decades of sluggish growth, is showing promising signs of recovery. Foreign investors are increasingly interested in Japan, wages are rising, and a new generation of business leaders is bringing dynamism to the country's industrial sector. Although challenges remain, such as decreasing GDP and the need for stimulus measures, Prime Minister Kishida Fumio is determined to prioritize economic growth. Japan's trajectory could change with external factors like rising prices and geopolitical shifts, as well as internal changes in corporate governance and a more dynamic younger workforce.
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