Japan is still seen as precarious by some

Japan's economic miracle | FT Alphaville

via mozu

Since the late 1990s, the growth in Japan’s real GDP per head has outperformed every other major economy. And unlike other major economies, income inequality in Japan has not increased, remaining amongst the lowest in the developed world.
The chart tells the story. Where the data begins always matters, but Japan has been accelerating away since 2012:


Japan is still seen as precarious by some - government deficits and amounts of monetary stimulus have ballooned as the state has offset the long period of the private sector cutting debt after the credit boom.

Still, BCA argues the lesson of Japan is that two common assumptions are wrong.

The first is that price stability is necessarily a bad thing:

Japanese consumer prices are at the same level today as they were in 1992, meaning that Japan has experienced genuine price stability for two and a half decades. But this is neither new, nor alarming – Britain enjoyed genuine price stability for two and a half centuries! At the height of the British Empire in 1914, consumer prices were little different to where they stood at the end of the English Civil War in 1651.

Japanese financial sector profits stand at less than half their peak level in 1990. For euro area financial sector profits which peaked in 2007, the interesting thing is that they are tracking the Japanese experience with a 17-year lag. If euro area financial profits continue to follow in Japan’s footsteps, expect no sustained growth through the next 17 years.
Two decades of rising living standards, comparative income equality and a purely functional banking system. Perhaps it's time we started to talk about Japan's economic miracle.

経済のことはわからんな。

いいっていわれても実感もないしーーーそれにつけても金の欲しさよ。