Japan Had Surprise Trade Deficit in May

The video discusses the ongoing economic growth, focusing on Japan's trade surplus and its implications. It highlights Japan's shift towards domestic demand and services, with limited export growth. The discussion covers inflation as a monetary phenomenon, noting Japan's challenges in achieving a 2% inflation target due to demographic factors and labor market conditions. Experts suggest a five-year timeline for significant inflation progress, emphasizing the need for policy adjustments.

According to the text, what is the expected impact of the aging population on Japan's economy?

What does the author suggest about the future of Japan's labor market?