Why Japan’s Economy Is So Fiercely Inefficient
Japan is a country of contradictions. From bullet trains to pioneering robotics, it’s often seen as a land of innovation; but it also has a strong attachment to tradition with practices like hanko. Japan used to be the third largest economy in the world but lost the title to Germany last year. So why is the country falling behind?
WSJ’s Peter Landers explains how being fiercely traditional is weighing down Japan’s economy.
Chapters:
0:00 Japan’s contradictions
0:34 Old technology
2:40 Stuck in time
4:34 Slow change
Credit to : The Wall Street Journal
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