Bank interest rate of 0 – so you get no interest rate for your savings ---- hasn’t worked for 2 decades Nikkei stock index – major stock trading center in JAP --- equivalent to DOW, growth rate has been 0, has been flat Keiretsu – interlocking businesses and government investments in each other o Helped JAP grow their economy a success o Not free market capitalism o Takes out competition and innovation High standards of living and longevity make high prices, particularly for real estate, wages are also high…hemoraging jobs out of JAP to go to low wage places Same type of outsourcing and occurring in same direction US in mexico, china, etc JAP in China, korea, etc. Most stagnant economy, and lowest growth rate in developed nations JAP people make it worse because of shrinking pop. Fertility rate 1.1 -1.2 Decreasing work force Decreasing tax force to pay for increasing old people
Decreasing consumer base Future of JAP companies is not in JAPAN
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- Spring '08