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The Intelligence from The Economist

The Intelligence: Land of the rising sums

Nov 24, 2023
29:09
Snipd AI
This podcast discusses the potential for Japan to overcome its deflationary spiral. It also explores the growing importance of Africa, specifically Zimbabwe, as a source of lithium mining, with China playing a significant role. Additionally, the podcast remembers the inspiring story of Eleanor, a 'Rosie the Riveter' who continued riveting until age 95.
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Podcast summary created with Snipd AI

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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