"Japan’s domestic services are superior to almost any other first world economy; including the United States" https://www.japantimes.co.jp/opinion/2017/08/21/commentary/japan-commentary/japans-quality-bubble-explains-flat-lined-gdp/#.WZ2SIFWGOUl …
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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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