Wednesday 19 June 2024

[Post 400] Why Japan’s Economy Is So Fiercely Inefficient | WSJ


Japan is a country of contradictions. From bullet trains to pioneering robotics, it’s often seen as a land of innovation; but it also has a strong attachment to tradition with practices like hanko. Japan used to be the third largest economy in the world but lost the title to Germany last year. So why is the country falling behind?

WSJ’s Peter Landers explains how being fiercely traditional is weighing down Japan’s economy.

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