The world is talking about risks and opportunities in America and China. But are we forgetting about Japan, the world’s third-largest economy?
A waning Japan. Overvalued tech. Tesla’s decade-long history of losses. All of this is only possible because of irresponsible money creation.
Rice. Grilled fish. Miso soup. That’s what breakfast food used to be in Japan. But that’s not the case anymore. Some might tell you this is globalisation at work, yet I’d argue the opposite.
What happens when one country gets jealous of another country’s advantage? What happens when China wants to be India and Australia wants to be Japan?
Japan needs to make some structural changes. If they don’t they’ll be left severely disappointed, much like the investors buying Netflix today.
Assets, markets, companies, and empires rise and fall. But now comes the most absurd myth of all — that the feds can ‘manage’ and ‘guide’ the economy,