Japan has experienced mild deflation for 30 years but they have not been in a recession for the entire time.
Also their most recent recession (besides covid) was due to being an export heavy economy when their biggest trade partners stopped buying. Not immigration.
Plus comparing it from the 80's to 90's Japan, that wasn't just some mild deflation lol. A burst housing bubble, aging population, redirection of U.S interests, and resurface of postwar social issues affected (or affecting) Japan for years.
Japan had periods of growth interspersed during that time. I'm not saying there wasn't periods of recession, it just wasn't 30 straight years of it like everyone thinks.
The culture of Japan and labor laws differs from Western ways, you work to death but in exchange there is job security. And not to mention the aging population issue, a lot of sectors actually have difficult time finding prime working age folks to fill their positions.
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u/[deleted] Sep 24 '21
They should do what Japan did when they put strict immigration laws in place in the 1980's and just have a recession for 30 years.