Japan is interesting because it has the highest debt-to-GDP ratio of any developed country and most other countries in the world are increasing their debt-to-GDP ratio; in effect, they're all moving towards a Japanese reality due to the fiat system's lack of hard monetary constraints.
If you look at Japan, the aspects of its economy and society which stand out the most are:
- Rigid economic structure and processes.
- Economy dominated by huge corporations, without much room for startups.
- Highly concentrated urban population.
- Population decline. Many young people are not dating and not getting married, can't afford much on their salaries working in the city.
If you look at Japan, the aspects of its economy and society which stand out the most are:
- Rigid economic structure and processes.
- Economy dominated by huge corporations, without much room for startups.
- Highly concentrated urban population.
- Population decline. Many young people are not dating and not getting married, can't afford much on their salaries working in the city.