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10 sats \ 15 replies \ @Hamstr 10 May \ parent \ on: Japan: inflation shock damages wages in real terms econ
real estate?..with a declining population?? the property becomes a liability at that point.
pretty much.
Lots of real estate will become freed up.
It wont be worth so much anymore.
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japan got no economy. Whoever came up with the idea that a young working class japanese citizen must support 7-10 elderly citizens must have failed in math. Japanese people also don't die, but have the longest lifespan by country than anywhere else in the world, so.. Numbers don't lie.
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They will have to change their ways, but they are a resilient people.
Actually, they have the longest royal dynasty in the whole world.