Japan - The Fading Economy: The Great Stagnation

Japan's economy, once a global powerhouse, has stagnated over the past 30 years due to low birth rates, an aging population, and increased competition from other Asian economies. The Japanese government has employed monetary and fiscal policies to stimulate growth, including lowering interest rates and implementing quantitative easing. However, these measures have led to deflation and a significant national debt. The situation highlights the challenges of maintaining economic growth in a rapidly changing global market.

Discuss the implications of deflation for the Japanese economy and consumer behavior.

Explain the concept of quantitative easing and its implementation by the Bank of Japan.

What challenges does Japan face due to its national debt in relation to its GDP?