Row 13883

Row ID: 13883 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 13883 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You're right that wages have remained largely static in Japan. But, also keep in mind that long running deflation also led to static cost of living. The high standard of living that resulted from Japan's economic boom decades ago has not collapsed. It has not continued its growth rate, of course, but that isn't to say it has not grown at all. Japan has shown a steady upward trend line for per capita GNI (PPP) over the past 35 years.

When discussing the yen's recent (2-3 years) weakness relative to the dollar, I wouldn't favtor it when considering demographic changes given Japan's population peaked in 2008 with growth slowing for quite some time prior. Rather than being a positive, as you suggest, I believe the yen's recent decline is more likely to result in near term reductions in standard of living due to inflationary effects as wage increases lag.

If there was a "post-apocalyptic" impact of Japan's aging populace, by now we should have seen clear changes since 2008 in Japan's GNI (PPP) trend along with plummeting in per capita GDP (PPP) country rank, neither of which has occurred.

Rather than a collapse, Japan's economy has in fact held up "fine" while the country has undergone aging and a reduced population. Although, as I said earlier, this may be due to uniquely Japanese cultural factors.

FieldValue
text You're right that wages have remained largely static in Japan. But, also keep in mind that long running deflation also led to static cost of living. The high standard of living that resulted from Japan's economic boom decades ago has not collapsed. It has not continued its growth rate, of course, but that isn't to say it has not grown at all. Japan has shown a steady upward trend line for per capita GNI (PPP) over the past 35 years. When discussing the yen's recent (2-3 years) weakness relative…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-20
username_encoded Z0FBQUFBQm5Lakw3cGJCQU5rM2xrNTVLLW9pankzOG5ZeGRQNXp1NU9nQlRuWkRmWFJLWGZtZUJmRXF1SkhpaVV3eGphckRVaDBjUDcwQ0xQamFPVHp2MkFjcExPaDF1NFE9PQ==
url_encoded Z0FBQUFBQm5Lak9LUFFGRmZVX3RHaktuWnRKdUZ1VTYtRXZHODM1aXVlQ0ZxZV9ENEhNNXl6bDR6ZC1BeWE5NU93TlFqYWk5YVNydjg1VW82aVRfX1JfaWxZQlY5ZlRDMjlnTzhqcHlJbU5pTm90UzNpaFBYRmFaYi0wNUJGaV9WNlNISE9adHA2c0ZkZzdVcU5FVUJuM1J3VFp2WnN1NlRId1RSTm5qZDV1cHJrNFhMSzB5OHVJMS1jM000Tnl1RXdlVFRrcE5LZzlIbEp0Unk3VG5wbUdCN1BrLUVVRUo4dz09

Raw Record

{
  "text": "You're right that wages have remained largely static in Japan. But, also keep in mind that long running deflation also led to static cost of living. The high standard of living that resulted from Japan's economic boom decades ago has not collapsed. It has not continued its growth rate, of course, but that isn't to say it has not grown at all. Japan has shown a steady upward trend line for per capita GNI (PPP) over the past 35 years.\n\nWhen discussing the yen's recent (2-3 years) weakness relative to the dollar, I wouldn't favtor it when considering demographic changes given Japan's population peaked in 2008 with growth slowing for quite some time prior. Rather than being a positive, as you suggest, I believe the yen's recent decline is more likely to result in near term reductions in standard of living due to inflationary effects as wage increases lag.\n\nIf there was a \"post-apocalyptic\" impact of Japan's aging populace, by now we should have seen clear changes since 2008 in Japan's GNI (PPP) trend along with plummeting in per capita GDP (PPP) country rank, neither of which has occurred.\n\nRather than a collapse, Japan's economy has in fact held up \"fine\" while the country has undergone aging and a reduced population. Although, as I said earlier, this may be due to uniquely Japanese cultural factors.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw3cGJCQU5rM2xrNTVLLW9pankzOG5ZeGRQNXp1NU9nQlRuWkRmWFJLWGZtZUJmRXF1SkhpaVV3eGphckRVaDBjUDcwQ0xQamFPVHp2MkFjcExPaDF1NFE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9LUFFGRmZVX3RHaktuWnRKdUZ1VTYtRXZHODM1aXVlQ0ZxZV9ENEhNNXl6bDR6ZC1BeWE5NU93TlFqYWk5YVNydjg1VW82aVRfX1JfaWxZQlY5ZlRDMjlnTzhqcHlJbU5pTm90UzNpaFBYRmFaYi0wNUJGaV9WNlNISE9adHA2c0ZkZzdVcU5FVUJuM1J3VFp2WnN1NlRId1RSTm5qZDV1cHJrNFhMSzB5OHVJMS1jM000Tnl1RXdlVFRrcE5LZzlIbEp0Unk3VG5wbUdCN1BrLUVVRUo4dz09"
}
Explore Dataset Explore Row

Entry Information