25.11.2012   20:24   +Feedback

Japans Warnung an Deutschland

Less than a quarter-century ago, Japan was the economic envy of the world. In 1989, Tokyo-listed shares represented nearly half the planet’s equity value, while the land beneath the city’s royal palace was worth more than all of California. Two lost decades and massive property- and stock-bubble explosions later, Japan is a one-word cautionary tale. Caught in economic and demographic atrophy the country has become a hub for zombie banks, a generation of disenchanted youth, and fading brands such as Sony, Sharp, and Panasonic. Last year, for the first time, sales of adult diapers in Japan exceeded those for babies.

(Dr. Benny Peiser)


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