It's easy to keep inflation down when your population is decreasing by 0.5% per year and accelerating downwards, with far more people aging out of the workforce than entering it. Japan is going to be in for a world of economic hurt over the next two decades.

China's population has peaked too, and it's economic outlook is going to be very dire when the big age cohort currently in their 50s starts retiring in 10-15 years.

[–] CurlyWurlies4All@slrpnk.net 1 points 1 year ago (1 children)

Isn't that what people have been saying for decades? Yet the 'economic miracle of Japan' just keeps rolling.

https://foreignpolicy.com/2023/09/14/japan-economy-neoliberalism-east-asia-washington-consensus-imf/

[–] BlameThePeacock@lemmy.ca 1 points 1 year ago

Considering that their population only started decreasing about 4-5 years ago, I don't know how "decades" is possible.