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by opo
604 days ago
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>They said Japan would collapse with their spending Who exactly is "They"? What did they mean when they said it would "collapse"? >Not only has that claim been proven false it has been the opposite. The general claim is that Japanese economy has stagnated with low growth for decades and I don't think that has been proven false. For example, in the last year or two, the Japanese stock market has finally reached the values it had in the late 1980s. I am sure some Japanese economic indicators have done ok, but for example, one indicator of how well people are generally doing is to compare the GDP per capita over a period of time. In Japan, the GDP Per Capita in 1960 was about $500. In 1990 the GDP Per Capita was about $25,800 and in 2023 it was about $33,900. (In comparison, the USA GDP Per Capita in 1990 was about $23,900 and in 2023, it was about $81,700.) https://www.macrotrends.net/global-metrics/countries/usa/uni... https://www.macrotrends.net/global-metrics/countries/jpn/jap... |
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