If there is one way in which Japan leads the world it is in “Japanification”. That is - it effectively invented it! The concept of “secular stagnation” is the contention that the developed world is entering a period of systemically lower growth and lower inflation in comparison to past decades. One way of characterising “secular stagnation”, is that it is the outcome of similar pressures which the Japanese economy suffered in the 1990s and 2000s. The most important of these is demographic declin ....
05 May 2019
On a roll Update
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On a roll Update
- Published:
05 May 2019 -
Author:
William Heathcoat Amory -
Pages:
6
If there is one way in which Japan leads the world it is in “Japanification”. That is - it effectively invented it! The concept of “secular stagnation” is the contention that the developed world is entering a period of systemically lower growth and lower inflation in comparison to past decades. One way of characterising “secular stagnation”, is that it is the outcome of similar pressures which the Japanese economy suffered in the 1990s and 2000s. The most important of these is demographic declin ....