Sounds like a fun trick and I appreciate the anecdote. My interest was just to see if there were any articles or websites devoted to Japan in the same way you see ones devoted to the degradation in Pittsburgh or Detroit.
I like your solution to Japan’s problems, but I suspect they are deeper and more socially ingrained than tax cuts would be sufficient to rectify.
My understanding is that Asian states suffer from selfish consumerism, hyper-sexualization and strong levels of xenophobia, but I would be happy to learn more. Thanks.
That sounds more like Texas, to me. :)
Asian people don't like to borrow money. They remind of of the way Americans used to be, fifty years ago - they save a lot, pay cash for the things they want, and don't mind living below their means to get ahead. This makes it hard for countries like Japan to use Fed-style central banking trickery - the people won't borrow enough.
Japan kept its zombie banks and protected insider castes alive at all costs after their deflationary collapse, just like we are trying to do today. Japan is going on twenty years of deflationary depression with no end in sight - ours is just getting under way.