South Korea’s Japanese Mirror
The economic and demographic challenges currently facing South Korea closely resemble those that have been diminishing Japan's prospects for more than two decades. The difference is that South Korea may still have time to address these challenges and avoid a Japanese-style quagmire of slow growth and long-term decline.
https://prosyn.org/4daWIHD
SEOUL – Given the daunting challenges facing Japan, one can only admire Prime Minister Shinzo Abe’s determination to end the country’s two-decade-long period of economic stagnation. His strategy – the “three arrows” of massive monetary expansion, increased government spending, and structural reform – is theoretically sound. But only one and a half arrows have been launched so far.