Hatheway: Japan Is a Fully Employed Economy

The video discusses Japan's economic situation, highlighting its fully employed economy, low unemployment, and modest productivity growth. Despite challenges in raising nominal GDP and inflation, Japan is performing well. The demographic problem persists, and the BOJ's efforts to boost inflation face resistance. The video also touches on fiscal policy and the balance sheet of the BOJ.

What is one of the main challenges Japan faces in achieving nominal GDP growth?

• Shrinking labor force

• Rapid productivity growth

• High unemployment rates

• Excessive immigration

What is the current employment situation in Japan?

• Low unemployment and nearly full employment

• Stable employment with high job cuts

• High unemployment and job cuts

• Increasing unemployment rates

How is Japan attempting to influence inflation?

• By easing fiscal policy

• By reducing government spending

• Through strict fiscal policies

• By increasing interest rates

What demographic issue is Japan facing that affects its economy?

• Aging population

• Mass immigration

• High birth rates

• Rapid urbanization

What has been the Bank of Japan's achievement regarding inflation?

• Significant increase in domestic inflation

• Control over import price inflation

• Stabilization of currency value

• Reduction in inflation rates