The key to their success? a small but well educated population!!
Abenomics Is Working, Don't Stop Now
Japan is on track for its longest postwar economic expansion, with female labor force participation and corporate profits at record highs and unemployment at a 25-year low. All this good news has caused many observers to question whether the goal of raising inflation to 2 percent is really necessary. Why not settle for trend inflation between 0 and 1 percent, where it is now? The answer is that the Bank of Japan (BOJ) has no room to maneuver when the next downturn arrives, as it surely will someday. Unless Japan returns inflation sustainably to 2 percent or more in the next few years, it will have difficulty emerging ... (full story)