What can Europe learn from Japanification?
Oct 16, 07:23 AM
Japan’s experience in dealing with an ageing population and deflation could provide important lessons for Europe and beyond
While the term Japanification is usually taken negatively, Japan actually managed a very challenging economic situation with an ageing population and low productivity growth. As the rest of the world grapples with the same structural decline in population, Rebecca Christie sits down with Jacob Funk Kirkegaard and Takeshi Tashiro to explore what lessons Europe and beyond can learn from Japan’s experiences, what worked and what didn’t work, including fiscal sustainability, private savings, as well as workforce participation and productivity.