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The Intelligence from The Economist

Lost in stagnation? Japan’s economic paradox

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 16 July 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

After decades of torpor, is Japan recovering its dynamism? Our correspondent turns to an ancient bento box merchant to test Japan’s economic future. A new study shows how few therapies tested on animals end up being applied to humans (10:02). And if you don’t know a pickle fork from a fish fork, it could be time to take an etiquette class (16:28).


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Transcript

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0:00.0

The Economist.

0:07.0

Hello and welcome'm Jason Palmer.

0:15.0

I'm Rosie Blore.

0:16.0

And I'm Jason Palmer. Every weekday we provide a fresh perspective on the events shaping your world.

0:25.8

Animal testing has deep if controversial roots, but a new study shows that very few therapies

0:31.3

tested on animals end up being applied to humans.

0:34.8

Our correspondent probes the difference between mice and men.

0:40.3

And if you were invited to Buckingham Palace and presented with a giant bowl of spaghetti,

0:44.4

would you have the guts or the manners to dig in?

0:47.6

Well, don't worry, Tik-Tok can help.

0:50.0

We investigate a new craze for etiquette classes. First up though.

1:03.0

For decades,

1:07.0

for decades,

1:10.0

for decades,

1:11.0

Japan had seemed entirely unable to shake its problems with low inflation,

1:16.0

and it's come at a sharper and sharper cost to its workers, to investors, to the whole economic system.

1:22.0

The Japanese economy is no longer... investors to the whole economic system.

1:23.2

The Japanese economy is no longer in the world's top three.

1:26.8

With total output for 2023 at 4.2 trillion dollars, the Japanese economy has now fallen

1:32.3

into fourth place globally behind Germany's the Japanese

1:34.4

4 and 1 half trillion.

1:36.4

Much of that loss in stature...

...

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