Because their products are wanted internationally, their elderly generation is parsimonious and has an almost religious belief in the state and all it stands for, and everyone buys domestic because it's basically the best quality around.
How is their economy in the toilet again?
To counter deflation (how many other countries have a deflation problem again?) you can just print money, free money. The only reason Japan can't print free money is because its citizens have so heavily invested in the state that it would be a political problem if you were to devalue their holdings on purpose.
Alternatively they could just collectively chill and simply not work so hard, but yeah, Japan.
Currency deflation is a First World+1 problem. It means your currency is harder than you'd like it to be. To even have that problem means your economy is stronger than any one economy that works on the basis of inflation.
Because their products are wanted internationally, their elderly generation is parsimonious and has an almost religious belief in the state and all it stands for, and everyone buys domestic because it's basically the best quality around.
How is their economy in the toilet again?
To counter deflation (how many other countries have a deflation problem again?) you can just print money, free money. The only reason Japan can't print free money is because its citizens have so heavily invested in the state that it would be a political problem if you were to devalue their holdings on purpose.
Alternatively they could just collectively chill and simply not work so hard, but yeah, Japan.
Currency deflation is a First World+1 problem. It means your currency is harder than you'd like it to be. To even have that problem means your economy is stronger than any one economy that works on the basis of inflation.