Based on the data and the graphs above, Japan's economy seems to be steadily growing and would be considered to be an expansion in the business cycle. However, especially given recent events, it could be likely that Japan's economy may have peaked or will soon peak.
Japan has often been regarded as a country that has equal opportunities for all. However, it seems as if poverty and wealth inequality in Japan had been steadily getting worse for the past two decades. According to data from the OECD & World Bank, the rate for relative poverty in Japan is 15.7% (higher than OECD Avg. of 11.7%). It also shows that Japan's middle class is slowly becoming smaller while the share of low-income households rises (Huang, Eustance). Could age be a factor in this issue? It is a known fact that Japan's demographics show a largely aging population with the percentage of those aged 65 and older increasing while the percentage of the population below 65 declines. Many Japanese companies emphasize company loyalty and taking care of older workers who tend to earn higher salaries as they gain more seniority, but compared to other countries, Japan doesn't have "executive pay" that creates a wage gap between employees and executives (Huang, E...
What is the currency for the top table? I think there is something amiss with the figures for real GDP.
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