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Ones and Tooze
A Tale of Two Economies
Aug 25, 2023
Japan's surging economic growth and the factors driving it, Brexit's impact on the British economy, challenges the UK faces in industrial policy after Brexit, comparing UK and Mississippi GDP per capita, exploring the UK's economic strengths and challenges.
44:09
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Quick takeaways
- Japan's economic growth is driven by factors such as investment, exports, and domestic tourism, but concerns remain about weak domestic consumption.
- Japan's economic success is attributed to its innovative monetary policies and mission-led industrial policy focused on decarbonization and labor market reform.
Deep dives
Japan's Surprising Economic Growth
Japan experienced a surprising surge in its economic growth rate with an annualized growth of 6% in the second quarter of this year. This growth is driven by factors such as investment, exports, and domestic tourism. However, concerns remain about weak domestic consumption. Japan seems to have broken out of its deflationary spiral, with inflation now solidly around 3%. While it's too early to draw definitive conclusions, this growth is promising for Japan, especially in comparison to a slowing West.
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Discover
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