Japan Is on Best Run of Growth in a Decade

The video discusses the factors driving Japan's GDP growth, highlighting the role of inbound tourism and private consumption. It examines the impact of yen depreciation on exports and the historical context of inflation and output gaps. The discussion also covers future economic prospects, emphasizing the need for persistent fiscal and monetary policies to sustain growth. Japan's adaptation to technological changes and the growth of the service sector are also explored.

Why has inflation not increased despite Japan's economy growing above its potential?

What changes in Japan's economy have been observed in the service sector?