It’s not the sanctions which destroyed their economy, countries like japan were doomed years ago, some ancient wisdom for you “the most disastrous decisions were always made in times of prosperity”
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Japan's economy is not 'destroyed'.
Yes ,it is, their currency is so fucked, their automobile industry is being fucked ,they missed the internet revolution, their country is done , everything is just shadow of their own past, they will be the Spain of Asia if they are lucky enough
Japan's economy has stagnated and will continue to stagnate as a result of all those things. It has not been destroyed as you say.
Sri Lanka's economy is destroyed.
Ukraine's economy is destroyed.
Venezuela's economy is destroyed.
Japan's economy is not.
Not destroyed and it has been stagnating yea.
But right now, and in the last couple of weeks/months it has been doing incredibly poorly, and the blow to it has been immense.
As if the bar isn’t low enough
Japan's economy will continue to trend downward as China continues stripping away its export industry one by one, starting with its most precious automobiles.
How’s that not fucked? Auto industry is collapsing and currency depreciating rapidly ( better than Lira but honestly it’s Japan we are talking about), Japan has been a trade deficit country for 10 months, that’s actually bat shit crazy and I’m surprised there aren’t many people talking about this( so is South Korea, two of three asian manufacturing engine having trade deficit, how’s that sounds like ? Oh Vietnam too)
However ,no matter how poor they perform , Japan can’t be as bad as Venezuela/Siri Lanka/UKR, they are just not at the same level
)Germany has a trade deficit as well now.