Economist Podcasts
Lost in stagnation? Japan’s economic paradox
Jul 16, 2024
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.
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Quick takeaways
- 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.
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