>experiences 1 (one) big economic downturn
>economy dies forever
why was/is japan like this?

>>17829033 (OP)
"dies" would imply the country is like some third world shithole where everyone is unemployed and living in abject filth and squalor with a collapse of social services. When in truth Japan remains one of the top four economies of the world with one of the highest living standards. "Infinite" growth is always going to stop sooner or later, what matters is what happens after.

>>17829033 (OP)
They stopped fucking

>>17829033 (OP)
Because they refused to import us gaijin BVLLs so now they get infinity pajeets instead

>"Infinite" growth is always going to stop sooner or later, what matters is what happens after.
Nonsensical socialist claptrap that can be ignored
Daniel Okimoto has a good run down that I recommend reading, however the Japanese economy and governmental structure is hilariously complex so something like the op-ed I'm linking is just a primer on what has gone one there, I think he gets things right in broad strokes
https://aparc.fsi.stanford.edu/research/causes_of_japans_economic_stagnation
Tl;dr Since 1992 sound enough fiscal and monetary policy management but not good enough to get them out of borderline recessionary growth territory year after year

>>17829033 (OP)
The crash came at the exact same time that its competitors in Korea, Taiwan, and China started catching up in manufacturing.
Japan doesn't really have anything that those other countries don't have, regarding industrial capabilities, Japanese companies even taught the Chinese or Koreans everything they knew as part of political relations deals.
The timing was perfectly terrible for Japan, a slum that was hard to recover from at the exact time all their neighbors were replacing them.

>>17829073
>Believes infinite growth is possible
>Calls others stupid

>>17829115
It is, as living standards go up so do the value of that given economies goods and services regardless of supply, and there's really no reason to believe this has to stop

>>17829121
Oh boy, an Austrian.

>>17829131
Keynes Won.

>>17829049
Why are the Japanese the only ones capable of accepting a stop to growth? Why cant the rest of the world? And why cant the rest of the world stop trying to force japan to grow (at the cost of their own society)
>>17829065
I am assuming you dont want infinite foreigners imported to your country, why do you demand to do the same to Japan?
>>17829115
The only limits to growth are the limits to the universe. If the universe is infinite then the growth of human civilization can too, be infinite. The only question is whether or not we can overcome the bottlenecks like colonizing other planets. Only leftists seem to cheer for us failing in that endeavor

>>17829133
Keynes is a nice stop-gap, but even he couldn't get around the fact that there is a finite amount of raw material in the world and the simple laws of physics mandate that at some point you will eventually reach a point where there is no where else to send your surplus foreign or domestic. And that's not even getting into the matter that "give the people some scraps" was still too much of an affront to the ruling class to the degree where they made Keynesianism verboten in the present day.

>>17829139
As resources become more scarce, their value goes up, thus growth continues as a constituent of the value of goods in limited supply.

>>17829143
There is a cap on prices in that at some point no one can afford them. This has happened countless times in history it's just plain fact.

>simple laws of physics

>>17829033 (OP)
it could have recovered but it keeps getting kicked while it's down as seen on this chart
it was recovering and then 2008 happened
it was recovering and then 2020 happened
etc

>>17829033 (OP)
https://youtu.be/NNv2RHR62Rs?si=VXhdm-6bLILV-xSg

>>17829240
>cricus theme song
The actual name of this musical piece, my brown ESL friend, is "Entrance of the Gladiators" just an FYI
https://www.youtube.com/watch?v=U8_Mktrcm7o

>>17829049
maybe growth will stop one day, but the demand that japan's economy once supplied has grown massively in the past 30 years while its economy had totally flatlined, indicating that it's not simply the natural end of growth but rather japan's economy being highly dysfunctional and unable to grow

>>17829248
wow you sound mad. i didn't make this youtube video nor am i brown, furthermore i don't care what the video is called. i think you're just mad that your country sucks, maybe make it better by having babies instead of arguing with people on 4chan.

>>17829262
I'm not upset, I just genuinely thought you didn't know the name of the piece because you were a brown ESL. I'm sorry I upset you enough to take a photo of your own hand to post to an anonymous website, I'm glad I'm not that insecure and petty.

>>17829271
you literally called me a brown ESL because of the name of a youtube video that i didn't make lol you're mad as hell

>>17829276
I think you're reading too deeply into it, when I said "just an FYI" I was being sincere

>>17829278
if it was "just an fyi" why did you feel the need to call me a brown ESL lmao

>>17829262
I still don't believe you're white, I think you should post your legs and feet so we can really be sure

>>17829285
i'm not posting feet pics on /his/ you fucking deviant nip

>>17829283
>why did you feel the need to call me a brown ESL lmao
Because I thought that's why you didn't know the name of the song and had to Google "circus theme song" to get that YT link, now it seems as though you are simply uncultured. Shame

>>17829288
i searched "circus music" to get that video because that's the name of the video and it's funny
and no i don't know or care what the name of the song is, i just wanted to post of funny video to make fun of japan
take your meds takeshi

>>17829291
>and no i don't know or care what the name of the song is, i just wanted to post of funny video to make fun of japan
Oh okay, well just an FIY, the name of the piece is "Entrance of the Gladiators" for future reference

>>17829299
i don't care faggot be quiet

>>17829033 (OP)
Because Japan was a manufacturing power. The US fucked their currency and the rest of Asia gobbled their manufacturing, so they were only left with the scraps.

>>17829301
pfft Jeez, the name of the song should be "Your theme song" instead

>>17829033 (OP)
this will happen to china soon

>>17829033 (OP)
>1 (one) big economic downturn
the graph shows at least two of such downturns

>>17829033 (OP)
>Japan threatens USA economic domination
>USA has a gun to Japan's head because of the (ongoing) military occupation
>lets USA dictate their economic policy
>massive market bubble
>bubble pops
ouch!

>>17830084
Incoherent post

>>17829822
Excluding 2008, which was a problem for everyone but China, I'm seeing a second downturn in the late 90s, is that Dot-com?

>>17829822
I think what OP was referring to was the 1992 asset bubble bursting being specific to Wapan
Obviously 08 was a big deal but the 2008 crash was American centric and didnt impact everyone evenly
The Spanish economy got crushed by the 08 crash but the Germans were largely spared, for example

>>17829262
>>17829287
Wow you have really cute hands. Please post your feet anon

>>17829271
>>17829248
You are a retarded autistic person that shouldn't speak to others, because clearly you don't know how to hold a conversation and think that other people give a fuck about minutia you obsess over.

>economic downturn

America literally assassinated them financially - Paris accords

This is what happens when vassals go off script and overtake jewmerica

>>17829049
>Japan remains one of the top four economies of the world
By total size, per capita it's not impressive at all and the median Japanese today is falling behind the better Eastern Europeans in purchasing power.
>with one of the highest living standards
Their rate of HDI growth is one of the lowest among the top countries. In 1993 they reached #1 spot, today they are at #23.

>>17830555
The Paris Agreement was signed in 2015, long after the Japanese economy had stagnated. You must be referring to the Plaza accords, which are also not to blame. Their exports continued to soar regardless of the Yen's appreciation. Germany also signed the same accord, saw the Mark appreciate, and didn't undergo lost decades. The real issue was bad monetary policy during an asset bubble, bad lending practices and a retarded work culture that's anticompetitive. The country faced an internal crisis and failed to adapt to changing circumstances.

>>17829033 (OP)
Because the Japanese boomers demanded that the kids sacrifice their future for their gibs

>>17829138
>The only question is whether or not we can overcome the bottlenecks like colonizing other planets
God created a whole world for humanity where they could flourish and thrive for eons until the tribulation and stupid fucking soi NIGGERS like you want to convince people to escape the closest thing to paradise to live on a cold steel habitat orbiting a planetoid that spews out cancerous radiation from its surface. What a bunch of soulless faggots your are. Your brain has been rotted by sci-fi schlock media to the point you erode your common sense.

>>17829688
Two more weeks

>>17829138
Space flight is a left wing creation chud

>>17829033 (OP)
>inside a decade long bubble
>does literally nothing

Reaganomics were a mistake. I hope the Chinese don't make the same mistakes as the Japs did.

>>17830626
>Chinese debt been rising each year since Xi ascension

>>17830549
I hope she sees this lil' bro
>>17830701
>>17830626
Debt is le good thing, Keynes won, commies lost

>>17830583
>until the tribulation
5000 more years o algo

Conservative monetary policy and the rise of Korea and China are factors but pretty minor and not wholly negative for Japan - Japan is one of the few countries that has a trade surplus with China for example and it's hard to imagine they would really have been allowed to maintain such a high export share in the US in the first place. The biggest factors are the end up catchup growth and the declining working age population; if you look specifically at output per working age adult Japan's performance in the last twenty years is better than Western Europe. This is a little too generous to them since labor force participation for elderly Japanese is pretty high but still puts a limit on how bad they've done considered their demographics

>>17829033 (OP)
Does GDP really matter at this point?
Median income in US increased like 10-15% since 1980, meanwhile real GDP per capita increased 80%.

>>17829033 (OP)

Because they aren't following Christ.

>>17830866
>if you look specifically at output per working age adult Japan's performance in the last twenty years is better than Western Europe.
@his, is this true?

>>17830866
>>17830953
>output per working age adult
I cannot find that specific metric, but hourly productivity looks pretty meh according to OECD data.

>>17830947

THIS.

>>17829052
This

>>17830086
Im sorry you are too stupid to read

japan just experienced what other european countries experienced but with their own culture, taxes, toxic asian workculture, collectivism over individualism, public spending etc

Why do economist obsess with finance so much? When you look at the raw practical fundamentals Japan's potential meets obvious caps, even the most sensible fiscal policy can't magic resources out of thin air. The Plaza accord was just a bit of turbulence at best, not the end all of the economy for decades and decades.

It is a small island with few natural resources at odds with nearby China and Russia where it might obtain them, very densely populated, competing with other asian tigers in terms of both the secondary and the tertiary sector, constantly overshadowed by America. It has always been technologically advanced too, meaning it had no "catch up" period like the asian tigers except the rebuilding immediately after the war, which fundamentally is a good thing of course but skews our perception of the statistics.

Its boom in the 80s was due to the postwar leap in technology and being more open to trade with the US after their unconditional surrender and return to democracy. It all came to fruition and they were ahead of the curve for a few decades in terms of new electronics and computing due to their highly educated society with few other opportunities for profit besides going full into manufacturing and R&D. However eventually papa America realized the future wasn't space rockets but computing and got into that in the 80s. They were in fact paranoid about Japan's economy growing and overtaking even America, it was kind of like pic related but for tech instead of fighter jets.

>>17832799
>even the most sensible fiscal policy can't magic resources out of thin air
You don't have to? Several small countries with little to no natural resources do just fine, see Denmark, South Korea, Singapore etc. South Korea is worse in basically every respect when it comes to density, resources, demographics etc and is still growing. Shit like this just really shouldn't be happening when peer nations prove it's possible to do better. It would be like looking at Italy's stagnation and concluding it's inescapable when other EU countries haven't done nearly as badly.

>>17830121
>1992 asset bubble bursting being specific to Wapan
At the same time a similar bubbles emerged and burst in Scandinavia but nobody seems to remember it

>>17833523
scandanavia survived it though

>>17829052
They literally have the second highest birthrate in East Asia after DPRK...

>>17834992
>In East Asia
The bar is on the floor dude

>>17834993
Literally no country in the world has a positive birth rate except for Israel and some African shitholes. Why do people like to single out Japan so much?

>>17829033 (OP)
They had a near monopoly on manufacturing of consumer goods in Asia, when that ended so did their economic dominance in the region.

>>17829143
This, once the capitalist endgame of 1 person owning everything and everyone else starving in their own squalor has been reached, value finally reaches infinity.

>>17829033 (OP)
Their manufacturing is still strong though, I guess they missed an IT boom and now stagnating.

>>17835756
>>17829033 (OP)
Oh nevermind, I checked older wiki version, Germany had $0.6 trillion output and Japan had 1 trillion output.

My second guess is CHINA.

>>17832862
this pic proves China will win

>>17835098
They were the first to do it. India just crossed below replacement levels, but because it just started they won't feel the effects until 2100. Japan is starting to hurt already, which is why they are importing foreign workers more heavily.

>>17829049
>where everyone is unemployed and living in abject filth and squalor with a collapse of social services.
Services are more limited/pricy and salaries have stagnated for 30+ years. Both of which led to a notable drop in spending.

>>17836127
>which is why they are importing foreign workers more heavily
They're not importing foreign workers "more heavily". Australia, Canada in the US are importing them far more heavily than Japan. In Europe random countries like Ireland and Croatia are importing the most per capita