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Japan's Lost Decades

Planet Money

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The Challenge of Innovation in a Mature Economy

Japan's economy, historically focused on catch-up strategies, is now facing deep-seated issues hindering innovation. Despite a legacy of efficient companies like Toyota, the country struggles with a lack of dynamism, innovation, and workers. Their attempt to address these challenges with Abenomics, emphasizing both demand and supply-side solutions like Womenomics, demonstrates the complex hurdles mature economies face in fostering innovation.

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