Soaking myself in the vibrancy of Osaka and enjoying the genteel atmosphere of Kyoto, one almost forget that Japan is still mired in the economic doldrum of the past 25 years.
As a transient visitor amongst the many, the seemingly stronger pulse of economic activity on the streets might just be reflective of the purchasing power of us visitors rather than the general local populace.
Squeezed by high unemployment and low wages. A moribund housing market only starting to show signs of life. Prime Minister Abe has tightened the screws further with a huge decline in the value of the Yen and now negative interest rates.
Should the average Tanaka san and Fumiko san throw all caution to the wind and just go on a spending binge?
All the world's Central Banks wants it. To zap life into our lethargic "drug" induced global economy.
What comes next when this "zombie like" global economy takes on a life independent of its Central Bank handlers?
I pray you do know and trust God our Sovereign Lord
We pray Japan will come into spring of salvation. its problem isnt economical, but spiritual. Glad you are there and have a heart for the japanese
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