How did Japan go from the second-largest economy to this? #Shorts
How did the world’s second-largest economy lose three decades?
– Japan’s asset bubble burst in 1991, triggering a prolonged period of #deflation, stagnant wages, and #zombie corporations
– A culture of risk aversion, demographic decline, and policy paralysis kept capital trapped and innovation suppressed
– Today, #Japan is rebelling against decades of #stagnation, but rising rates and a weakening yen hamper efforts
#MacroEconomics #marketupdate