Japanification (Economics)

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The flag of Japan

Japanification is a term used to describe a country's economic stagnation, or the process of becoming similar to Japan's economy.

Key characteristics of Japanification

  • Low economic growth: Japan's economy has stagnated for decades, with weak growth rates combined with low labor productivity growth.
  • Low interest rates
  • Aging population that contributes to economic stagnation.

Journal articles

Book

  • Confronting South Korea's Next Crisis: Rigidities, Polarization, and Fear of Japanification by Jaejoon Woo. Oxford University Press (October 31, 2022)

External links

Podcast: