Debt Rattle June 20 2016

[Raúl Ilargi Meijer]

Harris&Ewing Car exterior. Washington & Old Dominion R.R. 1930 • IMF Calls For Overhaul Of Abenomics (R.) • The Economy Is Not What It Seems (Roberts)
[See the full post at: Debt Rattle June 20 2016]

[rapier]

Japanese Structural reform has been at the front of the thoughts of BOJ and international entities like the IMF for going on 30 years. Yet every week, every month, every year someone says what is really needed is, you guessed it, structural reform.

Now structural reform is a loaded topic but the fact is what hinders the Japanese domestic economy is lack of population growth. In the end population growth is the primary determinant of economic ‘growth’. ( using the ironic quotes because growth itself is a loaded concept)

I suppose Nicole or IM have somewhere addressed the fraught concept that ‘growth’ is highly determined by population growth, on a planet groaning under 7 billion plus souls or I hope so. At any rate that is an elephant in the room at least as big as debt and energy depletion.

[Author]

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