OOPS

>tfw your lands and resources are exhausted

OH NONONO

That's barely enough to sustain the level of income. Besides, Japanese companies move factories outside Japan to avoid being affected by declining workforce.

>Broadly impacting the entire Japanese economy, over the period of 1995 to 2007, GDP fell from $5.33 trillion to $4.36 trillion in nominal terms,[3] real wages fell around 5%,[4] while the country experienced a stagnant price level.
en.wikipedia.org/wiki/Lost_Decade_(Japan)

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And now they have to import millions of brown BULLS to survive.

news.abs-cbn.com/business/05/30/18/japan-to-welcome-500000-foreign-workers-to-help-plug-labor-shortage

Lol they are joining the rest of the West.

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shut up and wörk more you lazy pig

t. Iki

Japan has been on and off recession since the 90s because of population decline.
These last years have been the worst but this isn't something new.
This is also why they work for 6 days a week for 10hrs a day despite being extremely unproductive, to offset recession.
Capitalism has ruined Japan after the economy sprout in the 60s to 80s.

Pretty sure the existence of old “people” ruined Japan, just like here.

>population is directly tied to gdp growth
Why can't we automate some of the workforce and fix that?

One word: KEYNESIANISM

forbes.com/sites/timworstall/2013/05/11/japan-is-about-to-prove-keynesian-economics-entirely-wrong/
investors.com/politics/commentary/japans-never-ending-keynesian-nightmare/

>Poland laughing at Japan

first make your own people earn more than 700 eur/month

How about we kidnap asians and force them to live, work and most importantlůy buy here in Europe?

theres nothing wrong about being stagnant if the level is already so high that you simply dont need to grow

japs are already so rich that they dont need more money

afaik Japan will increase taxes higher every year.
They went from 5% to 8% in the last 3yrs and they added extra costs to stuff like traveling so you must pay extra fee when leaving the country.

To be fair to Keynes, what governments practise is a very vulgar form of Keynesianism

Poland thinks they can continue their current growth without moving up the value chain.

net average is already over 800€

Lost decade.

A big mistake. The place where EU hit the wall.

how many recessions have we had since 2008 ffs?

wrong, real estate bubble

You should instead ask, what happened between 1985 and 1995. GDP per capita went from $12k to $43k. This is an illusion caused by exchange rate changes. The Yen was effectively revalued (value increased) massively, doubling in value just a few years. It was central bank shenanigans. Currencies didn't really float like they do today. Anyway, this revaluation destroyed their export advantage, while imports became stupidly cheap, encouraging imports.
The 1985 Plaza Accord literally gutted the Japanese miracle and begat a massive bubble that ended with the biggest hangover EVER. Mind you, their currency HAD been undervalued - on purpose, but as always, the fix was excessive and punitive.
Now, of course, currencies float much more freely and governments are like "we can't do jack shit" - they can, but they don't want to (="central bank independence") - but now this is collapsing as we speak.

No currency regime seems to last very long.
Gold standard died in WW1, replace after WW2 by gold exchange standard which was collapsed by combination of excess spending (vietnam, space race and great society), replaced by increasingly free-floating currencies as the last tie to gold died. This is sometimes called petrodollar - you can buy shit with the dollar. This gives it its value. The dollar kept value even as spending increased.
TBQH, Trump seems to want to cut off world trade because it has reduced US manufacturing, but... well, it won't be a pretty transition.