Japan is so deep in economic malaise, about three decades of stagnation that despite all the measures they adopted, nothing gets better. It is even getting worse with China overshadowing its attempt to regain its economic prowess. Japan has lost the edge in electronics, computers, smartphones, shipbuilding and about to lose its last legacy in motor vehicles, with Toyota clinging on desperately to survive.
Decades of stimulation, using Abenomics and arrows, Kishidanomics and dabbling in raising interest rates, now Ishibanomics dunno using what tricks, nothing seems to work. In a word, Japan is very desperate, and a desperate Japan is a dangerous Japan. Japan sensing it has nothing to lose might do another war stunt against China, knowing there is still a blood debt owed to China that has not been forgotten. Perhaps it is thinking it can reinvent itself just like after WW2 and soar again like a phoenix. With the USA behind it, Japan is actually playing the USA against China, waiting for one side to destroy the other. Too bad that the USA does not trust Japan enough to arm Japan to the teeth.
Anonymous
Japan's economy is like a cancer in terminal stage. Finding a cure is elusive and impossible. Even with the Japanese innovative mind, nothing works at all.
ReplyDeleteStimulation after stimulation lands Japan into so much debt - 265% of GDP, the biggest in the world. Yet Japan's GDP just stagnated for three decades, falling from the second biggest economy in the world to forth.
What the USA is waiting for is for Japan to start a war with China to destroy each other. Japan on the other hand is waiting for China to start a war with the USA to destroy each other. China on the other hand knows that igniting a war between Japan and USA is not yet feasible, knowing the Japs are still under the thumb of the USA.
ReplyDeleteJapan knows that China still has not forgotten the atrocities committed by them during WW2, which the USA is trying to leverage on. Japan also is just discreetly hiding and not forgetting the two bombs dropped on Hiroshima and Nagasaki and bidding it's time for revenge. The Japanese are extremely sneaky and will not expose their intentions until the last minute.