[New Release] 'The Future of the Dangerous Japanese Economy'

◆The Dangerous Future of the Japanese Economy= This introduces the fundamental problems and survival strategies of the economic crisis Japan is experiencing. Japan has been suffering from a prolonged economic recession due to zero interest rates, deflation, unlimited quantitative easing, low birth rates, and aging population following the collapse of the bubble economy. The author emphasizes that in an era of population decline and aging, labor is crucial, and the system must be reorganized to increase productivity. The Japanese government and companies have been passive toward change. As a result, although the number of patents is high, labor productivity ranks only 28th in the world. Even as technology rapidly advances and globalization progresses, Japan has not moved beyond the simple logic that exports are good and imports are bad. The author suggests that more flexibility and agility are needed than ever before and offers various solutions. This is valuable advice that reduces the learning cost of our choices. (Written by David Atkinson / Translated by Im Haeseong / The Nan Publishing)

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