“The country tipped into outright demographic decline in 2005. Households have already stopped adding to their stock of JGBs. As the aging crisis accelerates, the elderly are running down their assets. The savings rate will soon crash below zero.”
just what I am talking about in reason #3 above – the demographics of the Boomers (and the fact that there is no demographic group with jobs/money following closely behind the Boomers), causes additional economic problems as they pull their capital out of the system
this article is suggesting that the financial games Japan has played for the past 20 years might be reaching there end
