Japan’s Economy Growing at 3.5% Annualized Rate

[Akvod]

kowenicki said:

Akvod said:
I'll rather have Japanese firms have breathing room so that they can start investing in some projects and not worry about going bankrupt, as opposed to basically starving Japanese firms and hope that they "innovate" before they cease to exist.

I think the point was they had that breathing room for years and did nothing.

its a false sense of security.

China could get nasty if it continues.

It's not going to matter if the firms go bankrupt. Enough with the masochism. It's just inefficient and unrealistic that firms will just "innovate" all of a sudden when you threaten them with bankruptcy, or that after firms go under and everyone goes unemployed "entreprenuers" will suddenly spring out of nowhere and "innovate" again.

 

I see things like "innovation" as being constant for the most part. You can help nurture it by improving access to capital, better education, government support, but it's not something you can reliably count on or predict.