It was August 1945, shortly after midday, when Japan officially fell. By the end of that day, the country, and by extension, the economy, was literally in shreds.
When the dust finally settled, Japan embarked on a process of collecting its broken pieces, putting up a manufacturing plant here and a bank there.78 years later, the sacrifice has clearly paid off.
Today, Japan is the third largest economy in the world, with a GDP of five trillion dollars and an unemployment rate of less than 3%. The land of the rising sun is successful once again.
However, something peculiar is happening alongside this success: While every economy, including the U.S. and China, is struggling with inflation, Japan is thriving, cruising through these tough times with comfortable ease.
So what is Japan doing that other economies are not? What is the puzzle behind Japan’s low inflation?
📚 Sources: https://docs.google.com/document/d/1H5-Phjns0QSolmSj5mGSQOXR0rPJ3Z38O-va9PyX1M8/edit?usp=sharing
#Japan #Inflation #Economy #GeoCapital
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