More on How Japan Has Lost its Mojo

More on how Japan has lost its economic “Mojo.”

This time from the New York Times:

In 1991, economists were predicting that Japan would overtake the United States as the world’s largest economy by 2010. In fact, Japan’s economy remains the same size it was then: a gross domestic product of $5.7 trillion at current exchange rates. During the same period, the United States economy doubled in size to $14.7 trillion, and this year China overtook Japan to become the world’s No. 2 economy.

I am seeing more and more of the above image here in Tokyo. It just seems like things have gone into 1/2 speed these last ten years or so. It was all so unnoticeable on the streets and in the faces of the people until recently.

Just like the lines above show: Japan’s economy hasn’t grown at all in twenty years (coming on thirty)…. Yet, Japanese politicians continue with the same policies.

Thanks to Japansoc!