"Japan is not experiencing recession or stagflation. Japan likely is — and has been — a healthy growing economy for the last 20 years."
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"If Japan is experiencing a quality bubble, how severe could it be? If Japan’s service quality has been improving by only 2 percent for..."
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"...the last two decades (far below typical, competitive inflation), today Japan’s GDP would be understated by over a trillion dollars!"
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"This would equate to an entire point of “hidden” GDP growth. A quality bubble would mean the Japanese economy isn’t stagnant."
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"Quite literally, invisible fortunes have been added to the economy in terms of daily, quality-of-life."
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Compare this to USA--how much is our GDP growth overstated due to collapsing quality?
End of conversation
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'Quality bubble'.
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