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

Challenging economic recovery ahead of us

It is more fun criticizing

The post just made a travel to the north.. Despite stringent travel restrictions and requirements, he was able to patiently get these.   But looking at the indicators around, the road may be tight ahead.  After registering 9.5% decline in the economy, the recovery will be hard:

    1.  No provincial buses were seen;  they were all confined in the garages.  H

         1.  How many drivers, conductors inpspectors and other bus company employees lost their 

              jobs

         2.  How did this affect the movement of goods and people?

         3.  How many vendors and other people making money out of bus travel lost their revenues:

             restos, bus vendors, gasoline stations

    2.  How about the express way operators:  NLEX, SCTEX, TIPLEX?

    3.  In general, the economic activity look tepid.  Couple that with the floods and other calamities

All ready we see declaration of bankruptcy  a Philippine flag carrier 

We see many companies closing their doors forever to business.  Millions are out of job

Makakabawe ba tayo talaga.?

It is more fun criticizing

Rizal Philippines

6.29.2021

We really hope and pray for that.

But major industries have been deeply wounded and affected.  This will have trickle down effect on many sectors of the economy.  The jobs lost in big companies will mean less purchasing power, less money in circulation  All ready many small businesses  have closed shop.  Daily we lose billions more.  

The very harsh and strict rules imposed and being observed right now, spell less and less revenue for many businesses.    Like me, I do not enter restaurants and other stores that shoo me off if I do not have face shield.  I feel bad towards banks who herd customers and treat them that way as they impose retrictions on people entering the bank  There will be days of reckoning  and comeuppance. 

The govt which has borrowed extensively is looking at empty coffers because not too many are paying taxes, and where will they get the repayment if there is lower tax base.   The lawmakers are not keenly aware that when they budget there has to be sources of funds.   They are being depleted.  Many businesses are online and therefore the govt revenue measures has many holes