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Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession
(www.bloomberg.com)
this post was submitted on 15 Feb 2024
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Yes. The country grew quickly until its bubble popped, then hasn't been able to grow much since then.
You have population decline, but you also have a greater resistance to change in the workforce, zombie companies, and an IT infrastructure stuck in the 90's.