there is the system of income support in Japan? It may be better than pensions,
but a Japanese has to take a risk of being in a "supported' social status a
sort of stigma culturally. And for GDP growth fluctuations, It's inventory
adjustments that appeared in "weak" Japanese GDP figures. That's something
that may need to be done for companies to survive. In contrast look at the
super-fragile banking sector in the Eurozone where there are a substantial
portfolio of toxic assets.
Also I do not recall where I read this, but a sort of happiness survey during
the recession did not indicate mush agony from the dire effects of the slowdown
probably due to high savings and austere consumption steadying throughout. Also
the Japanese unemployment rate was around 5% only.
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