Japan is doing everything ‘wrong’ with its economy. And it’s working

Japan is doing everything ‘wrong’ with its economy. And it’s working

Japan should technically be in trouble if every conventional economic rule is taken into account. The nation is experiencing growth of less than 1 per cent, a declining population, an ageing workforce, and a public debt level that ranks among the highest globally. In textbook macroeconomic theory, such a combination typically signals stagnation, inflationary pressures, or worse. Japan’s experience should be viewed not as an anomaly but as a precursor. It illustrates that an economy can maintain resilience even as growth moderates. ThePrint Consulting Editor (Economics) Bidisha Bhattacharya, explain in #ThePrintEconomix
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