2010 Predictions: Japan’s Economy
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Japan Economy: Prediction 2010
- As marriage and family formation by young and early middle-aged Japanese continue to decline, the shrinking and aging Japanese population will become a major issue as sales consumption and taxable income drops. The demographic collapse facing Japanalong with a deeply troubled economy due to decades of capital mismanagement, unrestrained entitlement programs, expanding public debt (198% debt to the nation’s GDP), chronic deflation, high default rates, and rising unemployment, will push the nation into unprecedented economic crisis and social instability by 2010. (January 4, 2010)
WILLIAM STICKEVERS 