Economist Podcasts Yen here before: Japan’s “new capitalism”
Feb 15, 2022
In this engaging discussion, Tokyo bureau chief Noah Snyder dives into Japan's recent economic growth and critically assesses Prime Minister Kishida Fumio's 'new capitalism' policies, revealing their questionable originality. Tim Judah sheds light on Bosnia's precarious political climate, where rising nationalism threatens stability decades after a brutal war. Erin Braun explores Wyoming's quirky new law permitting roadkill harvesting, examining its implications for fresh meat supply and wildlife management. It's a fascinating mix of economics, politics, and unexpected culinary decisions!
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Japan's Economic Growth
- Japan's economy grew by 1.7% last year, the first expansion in three years.
- This growth is less robust than other countries' post-pandemic recoveries.
New Capitalism, Old Ideas
- Kishida Fumio's "New Capitalism" aims to boost growth and distribution.
- However, many of these policies are similar to previous ineffective strategies.
Demographic Challenges and Digital Gardens
- Japan's primary challenge is demographic, with a shrinking and aging population leading to fewer workers.
- Kishida's "Digital Garden City Nation" seeks to revitalize rural areas through digital infrastructure investment, echoing past policies.