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Showing posts with label miracle. Show all posts
Showing posts with label miracle. Show all posts

Monday, October 7, 2024

Has Japan economy stalled?

It is more fun criticizing

The secret to their economic miracle were:   keiretsu, MITI, exports, and extreme cooperation across society.  Kaizen, processes, JIT, Deming on quality

Their collapse was triggered by the events of lost decade.  People speculated on real estate because of low BOJ interest  rate.  Companies attetnion to maintaining market share and productivity were diverted to real estate speculation.  When BOJ increased interest rates, Japans economy was doomed.  Many companies shuttered.  

The more important thing is culture.  Japan's culture does not encourage change/innovation

Population is declining.   More aged people deominate the population





Wednesday, June 5, 2024

The Philippines economic miracle!?

It is more fun criticizing Higher than the rest of developing countries. It was double of other developing economy It was more than the G7 and Western countries. I had guest who said invest in places where there is blood on the street