Japan at a turning point?

Two of the more interesting economic questions of our time are whether Japan can return to its glory days of high growth, and to what extent do demographic trends influence economic outcomes? These two questions can rather conveniently be brought together to answer each other. By Peter Gibson.

Japan at a turning point? Japan at a turning point? Japan at a turning point? Japan at a turning point? Japan at a turning point?

Modigliani’s “life cycle” theory states that individuals vary their saving and investment patterns so as to smooth consumption over their lives.

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