Economist Podcasts
The Intelligence: Land of the rising sums
Nov 24, 2023
Noah Snyder, Tokyo bureau chief for The Economist, shares insights on Japan's economic revival prospects amid a deflationary struggle. John McDermott, chief Africa correspondent, discusses the significance of lithium mining in Zimbabwe, emphasizing China's role in the market. Meanwhile, Anne Rowe recounts the inspiring story of Eleanor Otto, a remarkable worker at Boeing who embodied resilience by riveting aircraft until the age of 95. Together, they delve into economics, history, and the quest for sustainable development.
29:09
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Quick takeaways
- Japan's economy is showing signs of recovery with rising wages and prices, but challenges like declining GDP and government spending cuts remain.
- Africa, particularly Zimbabwe, is emerging as a significant source of lithium with China driving the boom to secure its position in the green supply chain.
Deep dives
Japan's Promising Economic Signs
Japan's economy is showing promising signs after years of sluggish growth and deflation. Foreign investors are showing interest, wages and prices are rising, and there is a shift in corporate culture. However, challenges such as declining quarterly GDP numbers and government cuts to spending remain. Prime Minister Kishida Fumio has pledged to stimulate the economy with a 17 trillion yen package, but the success of Japan's recovery remains uncertain.
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