The Intelligence from The Economist Yen here before: Japan’s “new capitalism”
Feb 15, 2022
In this discussion, Noah Snyder, The Economist's Tokyo bureau chief, delves into Japan's economic growth and the challenges Prime Minister Kishida faces with his 'new capitalism' policies. Tim Judah offers insights into Bosnia's political instability, drawing parallels to the war-torn past and rising ethnic tensions. Meanwhile, Aaron Braun presents the quirky new law in Wyoming that allows harvesting roadkill, promoting community safety and culinary creativity. Together, they tackle serious issues with a surprising twist of humor.
AI Snips
Chapters
Transcript
Episode notes
Japan's Economic Growth and Kishida's Plans
- Japan's economy grew by 1.7% last year, the first expansion in three years.
- Prime Minister Kishida Fumio's "new capitalism" plans resemble past ineffective policies.
Kishida's New Capitalism Plans
- Kishida's "new capitalism" includes raising wages, fostering startups, and revitalizing rural areas.
- Economists believe these plans are unlikely to significantly boost Japan's economy.
Japan's Demographic Challenges
- Japan's biggest economic challenges are demographic, with a shrinking and aging population.
- The country has resisted immigration and maintained a low birth rate.