> I argue that Japan is a harbinger state, which experiences many challenges before others in the international system.
A good example is housing. Japan had a gigantic housing bubble a decade in advance than the USA and Europe. It is also interesting to see that meanwhile declining population has not reduced price of houses in the city, it has made many town houses almost free. I would expect this to be replicated elsewhere.
Another interesting one is technology. Japan got trapped in the 90s, the fax era, and it is difficult to change. Will also the USA and Europe get stuck technologically as the population grows older? Again, it is to be expected.
Japan is not the world, but it seems reasonable that can give a heads up for many problems that other places will experience in the future.
A good example is housing. Japan had a gigantic housing bubble a decade in advance than the USA and Europe. It is also interesting to see that meanwhile declining population has not reduced price of houses in the city, it has made many town houses almost free. I would expect this to be replicated elsewhere.
Another interesting one is technology. Japan got trapped in the 90s, the fax era, and it is difficult to change. Will also the USA and Europe get stuck technologically as the population grows older? Again, it is to be expected.
Japan is not the world, but it seems reasonable that can give a heads up for many problems that other places will experience in the future.