My headline is a riff on the sort of thing you hear about Japan,
- specifically the huge shifts in demographics (ageing population) that is occurring will be reflected elsewhere in Western societies, weighing on economic growth
Well, no more says this piece on Bloomberg:
Japan just closed a deal with the European Union to eliminate almost all tariffs between them … the biggest commercial agreement in EU history
- Meanwhile, Japan is still trying to negotiate a version of the Trans-Pacific Partnership … as well as another huge trade agreement with China, India, South Korea and other nations.
- Together, those trade deals would mean that about 80 percent of Japan's trade would be covered by free trade agreements
On immigration, too … Though it doesn't take nearly as many immigrants as countries like Canada, the number is growing
Here is the link for more: Japan Goes Global as the U.S. Looks Inward
Maybe its the latest move to try to get some inflation back towards 2%.
