FuturePAF
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Considering their demographics, a steady GDP contraction is inevitable. There is only so much that can be expected of worker productivity in a shrinking consumer market.Nonsense. People have been saying the same thing about Japan since i was a little boy. Saying how Japan will collapse soon, and how its economy will turn into trash and be relegated to a 2nd world country . lol
However , Japan's economy is still strong, they have one of the highest(if not the highest) living standards in Asia and even the world, they are still among the most developed country in the world and probably the most developed in Asia. They are still among the most productive country's on earth( in fact if China can reach more than half of Japan's productivity relative to population then China will have a far bigger GDP than the U.S). Japan has reached a stage of saturated development, which means the country has reached a stage of such high development such that its difficult for them to grow as much as a developing country like China, Vietnam, Indian, Africa, etc etc developing countries who are still relatively poorer and thus have more space to grow coming from a lower base. Once they reach Japan's level of development and living standards(if they ever do), their growth will also plummet as they reach saturation point/developed status they don't have that much leeway .
We must be rational in our observations. However, i have noticed that memebers here are so ultra nationalistic so much so that they let their emotions have the best of their judgement and obviously bias.
If Japan was friendly to China and a chinese ally , then im 100% sure you will all be singing their praises and about how they managed to developed despite all odds and how disciplined/hardworking and orderly their society is etc etc..lol you are just saying such silly things about Japan becasue Japan is more friendly to the U.S. lol
To say that without China Japan will be poor country in 2 decades is the joke of the century.When China was dirt poor under Mao's silly ideology so much so that Japan was providing you guys aid, did Japan become a poor country? Lol when China was carved out by western powers and RUSSIA, was Japan a poor country? Lol You guys should be objective at times instead of indulging in such rants due to personal bias and hositlity towards Japan.
A few percent a year of GDP contraction in that context is understandable, especially considering the relatively high living standard they have to maintain. The affordability and increasing quality of Chinese products are subsidizing Japanese living standards though, similar to here in the states.