Why Japan's Lost Decade Is China's Future

What's happening with China, well...we've seen it before.

[bababababababa]

I mean, I come from Sub Saharan Africa, so if my country’s future was Japan I would not be complaining 😂

[benitzers]

In addition to China, Japan's closest comparison is Germany, having gone over two decades without any notable innovation or fresh production, resulting in its economy hitting a dead end.

[kendelion]

Today the GDP of Japan became 4th after Germany took over.
It's all over the news today, but no one is too panicked.
Some say India might be the 4th in 2025-26 and Japan will slip into 5th place,
but GDP alone won't make me want to live in India vs Japan or even other lower gdp countries.

[midlandscoder]

I'd Brazilian, currently living in Japan, If my country Future was Japan, Man I would be happy

[Haxerous]

Japan might have stagnated/declined in terms GDP, but their GDP per Capita has remained stable. Also recently the GDP has grown in Yen (although the yen itself has weakened against the dollar) terms and deflation seems to have ended and given way to low level inflation. All of these are relatively good signs.

[FictionHubZA]

People always said that China was going to become richer than America.

I've always told people that China is just going to become Japan but bigger.

[rsuriyop]

It’s not the same thing though. China didn’t sign anything like the Plaza Accord which indirectly led to Japan’s economic collapse.

[Nom_AnorVSJedi]

You assume the Chinese don’t read history and can’t learn from Japan’s mistake … like agreeing to The Plaza Accords. I’m sure the USA has tried that on China and the Chinese said no thanks. Hence the inevitable conflict. China cannot be constrained, how can over 1 billion people be constrained?

[ausun]

Chinese population is ageing but remember China does not have universal pension system, the majority of the population in the country side do not receive pensions at all, only 60 years above get a symbolic very low aged pension equivalent nearly to nothing.

[darvidkoh]

Nonsense that China will suffer the same fate as Japan. China is on another level and will not suffer like other countries. Did the 1998 Asian financial crisis and the 2008 financial crisis in USA affect China? No. China was a bedrock of stability both times.

[michaelsomething]

History does not repeat itself but usually spirals. China is not the same as japan. Japan only has 2 major cities, Tokyo plain and kyoto Plain. Japan work culture emphasizes seniority. The chinese dont have a seniority system and pension culture. Japan is a democracy and China is said to be a single party democracy. It has a market economy and state owned enterprise.

[randomname]

The fact that you go through japans decline without mentioning the plaza accord tells me you know nothing about Japan and any false parallels to China. Please be more educated before making anymore videos about topics you are clueless on.

[Zebadee]

This video goes off-topic with yet another history lesson about Japan's economic miracle. We already know about this and there are loads of videos on YouTube covering this. It really needs to focus on answering the question in the video title by examining what is happening / about to happen in China now. Some of the data at the end of the video hasn't been researched/verified too well either.

[sophiachavez]

FYI Back in the ‘90s, I laughed when people were panicking over Japan. It’s a tiny island; noway it’s economy could surpass the US.

[IgNP]

All wealthy countries have this problem. All of them. Even the most robust economies will face this problem.

[CheeLiekHo]

Not likely. After WWII Japan has become an American colony although in name it is independent in name. Its military, security and economy are all American controlled. China is independent. It has the size, manpower, internal market and ability to formulate its economical policies.

[KanashiHonda]

I remember 90s in Japan but in Japan at that time they were not angry they thought it was temporary which is unlike

[ufdfzfw]

There is one misunderstanding: the Title "lost decade(s)" suggests, that the growth beforehand is the norm, meanwhile, due to unfortunate circumstances, we are plateauing for a while, which is not normal.
Meanwhile in reality it means that the societal structure that created this growth has reached its limit and enters now the phase of stagnation, during which structures in society (like age structure, total number of people, geopolitical environment, and cultural norms) will gradually decay until the current system collapses and is replaced by a new, better adapted one.

[sjfbrkdnjrkdkajdjoajfok-]

Another entry-level YouTuber Pretending to be an economist

[hiroshiwaguri]

We often see "next Japan", but these stories completely misunderstand the huge difference between Japan and China