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Thursday, April 18, 2024

If you want a preview of China’s economic collapse, just look at Japan

Japan’s historic economic comeback shows just how screwed China is right now

By LINETTE LOPEZ, Business Insider

Japan’s long-comatose economy is finally showing proof of life.

After a catastrophic real-estate implosion in the early 1990s, the country’s economy spent the next three decades shrinking. Households and businesses had to spend their money paying off debt, which prevented them from investing or starting new ventures. Wages were stagnant. And the economy slid from the world’s second largest to its fourth. Animal spirits were neutered.

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