Japan has long served as the globe’s cautionary tale on deflation, stagnation, and the consequences of a dwindling, greying population. In the 20 years leading up to 2015 — while the U.S. economy grew by more than 130% — the Japanese economy grew not at all. It simply carried on quietly through its gloom with […]
Deflation
The 2-Minute Thought: Why laundromats in Japan are booming
japanupdate.com “Anyone wondering what a decade of deflation, rising female labour participation, falling marriage rates and soaring pollen counts can do to a nation could study Japan’s self-service launderettes boom.” So riffed the Financial Times poetically last fall. In most of the developed world, self-service laundries have been declining – which makes sense in a […]
