Saturday, 25 January 2020

Japan's Economy struggles with Debt, Deflation and Depopulation

This Youtube video is interesting about Japan's Economy battling Debt, Deflation and Depopulation. Japan is quite rich in terms of its highly developed economy. The country is positioned as 3rd in terms of nominal GDP.

In 2013, the Japanese public debt exceeded one quadrillion yen (US$10.46 trillion), which is more than twice the country's annual gross domestic product. By 2015, the figure rose to US$11.06 trillion.

Japan has suffered 15 years of grinding deflation since a so-called asset-inflated bubble burst in the late 1990s. Bank of Japan Governor Haruhiko Kuroda, mandated by Abe to put an end to deflation, has pledged to achieve the bank's 2% inflation target through aggressive monetary easing.

Japan’s population is decreasing since it hit a peak in 2008. The shrinking population is having a big impact.

No comments:

Post a Comment