Noah Snyder, The Economist's East Asia bureau chief, sheds light on Japan's puzzling economic situation. He discusses the nation’s struggle with low inflation and mixed signals about its recovery, including stagnant wages and changing consumer habits. The chat dives into deep demographic challenges posed by an aging workforce, leaving Japan with weak long-term growth prospects. Additionally, ethical concerns about animal testing and the rising trend of etiquette coaching amid social media shifts add intriguing insights to the conversation.
Japan's economy shows signs of improvement with rising inflation and wages, but faces skepticism over deep-rooted structural issues.
Only 5% of biomedical therapies tested on animals are approved for human use, raising concerns about the predictive accuracy of animal models.
Deep dives
Japan's Economic Outlook: Optimism vs. Pessimism
Japan's economy has shown signs of improvement with inflation rising above 2% and stock markets booming. Optimists believe Japan is back on track with wages increasing and companies becoming more dynamic, while pessimists argue that growth is still stagnant and demographic challenges remain. The country faces contrasting views on its economic future, with some seeing a revitalized Japan and others highlighting deep-rooted structural issues.
Animal Testing and Medical Research
Animal testing plays a crucial role in modern medicine, ensuring the safety and efficacy of therapies before human trials. However, a study reveals that only 5% of biomedical therapies tested on animals receive final approval for use in humans. Differences in biological responses and study rigor contribute to the low success rate, raising questions about the effectiveness of animal models in predicting human outcomes.
Etiquette Resurgence Amidst Changing Social Norms
Amidst societal concerns about declining manners, a resurgence in etiquette is observed, led by influencers providing lessons on various etiquettes from posture to table manners. Factors such as the impact of COVID-19 on social interactions and confusion surrounding global digital etiquette have fueled the interest in politeness. As customs evolve in the digital age, AI's influence on human interactions and the importance of soft skills are highlighted.
After decades of torpor, is Japan recovering its dynamism? Our correspondent turns to an ancient bento box merchant to test Japan’s economic future. A new study shows how few therapies tested on animals end up being applied to humans (10:02). And if you don’t know a pickle fork from a fish fork, it could be time to take an etiquette class (16:28).