Does China have a better standard of living than Japan?
Posted inQuestion about Japan

Does China have a better standard of living than Japan?

This article compares the standard of living in China and Japan, looking at socio-economic factors, cost of living, education systems, healthcare systems and quality of life. It is found that while there are some differences between the two countries, overall they offer citizens similar levels when it comes to quality-of-life factors such as safety, leisure activities or environmental conditions. Therefore it cannot definitively be said whether one country has a better standard-of-living than the other.
Will Japan ever recover?
Posted inQuestion about Japan

Will Japan ever recover?

This article examines the current economic landscape in Japan, analyzing the factors affecting its recovery prospects and examining the government initiatives and international assistance available to help stimulate recovery. It discusses Japan's post-WWII reconstruction period of high levels of investment and industrialization, as well as the impact of the 2011 tsunami and Fukushima disaster. Factors such as weak domestic demand, deflationary pressures, low productivity, unfavorable demographics, high public debt, increasing income inequality, aging population, cultural aversion towards immigration and lack of innovation & risk taking culture are discussed. Government initiatives such as "Abenomics" and international assistance from organizations like the IMF are also examined. Ultimately, time will tell if these efforts will be successful in helping Japan recover from its current economic slump.