Quote:
Originally Posted by Rain Man
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Quote:
Originally Posted by Buehler445
You've got it backwards. They shifted to high gear and burned up the clutch.
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Actually, BoJ was more concerned with real estate prices continuing to increase and raised interest rates during the equities crash. It didn't work and the real estate market crashed as well. Then they dumped interest rates because they'd gone deflationary but it ended up a spiral w/ people sitting on cash.
They were starting to raise rates again in the 2000's until we crapped everything out globally.
I'm guessing growth from some of their asian neighbors like S. Korea hurt their economy too.
All of the developed nations are struggling w/ birth rates. Most of them are squeaking out some growth with the help of immigration but Japan doesn't have a great culture for that..
Their population peaked in 2007/2008 and is shrinking so uh.. that's not gonna help going forward. I think I saw something that unless their demographics change somehow their population was going to shrink 40% in the next 50 years or so.