Japan in a Post-Growth Age

Norihiro Kato, writing for the New York Times:

In other words, people in Japan are beginning to wonder whether those “two lost decades” really were “lost” after all. Perhaps those years were simply the prelude to a new post-growth era. And maybe in this new age the end of economic growth is less scary than the dependence on nuclear power.

The wise will keep an eye on Japan to glean a preview or two of what faces developed countries in the next few decades.