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Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession
(www.bloomberg.com)
this post was submitted on 15 Feb 2024
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japan's economy has been stagnated for more than 30 years, that prosperous nation image is mostly fabricated by usa to contain the advance of communism in asia, same thing about korea, we have a image presented to us by a heap of cultural production that south korea is this prosperous and wonderful place.
ROK makes Japanese work-life balance seem well-adjusted and healthy. No amount of money would ever persuade me to take a job there.
But yeah, our economy has been struggling. We definitely had a period of growth, but the US would never let that continue if we became any real threat to them. US did the same thing when communist parties were growing here and they've never really fully recovered; our national pary has become soc-dem at best. I maintain some hope because at a local level there are still more socialist chapters.