Agree 100% this is the single most important feature of Japanese politival economy over the past three decades. To the politics I’d just add the Keidanren’s role in perpetuating this cheap labour strategy
Yes, I intended the word "politics" to be perceived n the broadest sense, including actions by employers and Keidanren. This is one of the biggest reasons for chronically poor private demand.
Because increasing NAIBU RYUHO...
Agree 100% this is the single most important feature of Japanese politival economy over the past three decades. To the politics I’d just add the Keidanren’s role in perpetuating this cheap labour strategy
Yes, I intended the word "politics" to be perceived n the broadest sense, including actions by employers and Keidanren. This is one of the biggest reasons for chronically poor private demand.