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 […]
Stagnation
The 2-Minute Thought: Could Japan Be East Asia’s Future Power?
George Friedman, who founded the well-known geopolitical strategy firm Stratfor and now runs a group called Geopolitical Futures, recently wrote that one of his most controversial calls is that Japan will rise as East Asia’s leading power by 2040. It certainly is a contrarian forecast. How could Japan, with massive government debt and an aging, […]
