Japan is a wonderful place to visit. I have not been there yet. That said, they’ve stagnated economically. In 1985, they had the second largest economy in the world. So basically, they just got old.
“”””Japan is a wonderful place to visit. I have not been there yet. That said, they’ve stagnated economically. In 1985, they had the second largest economy in the world. So basically, they just got old.””””
Consider this about growth.
We have witnessed companies that were initially very successful and kept expanding and expanding to the point they were not able to successfully manage the expansion and went bankrupt.
Yes, Japan was a large economy in 1990 until China was allowed into the WTO. And US and European companies outsourced to India in the 1990’s. So Japan dropped from being the second largest economy.
But it does not mean Japan has become a poor country.