With no end in sight to her suffering, Japan is crying for a new economic paradigm. To define this new equation in as few words as possible, Japan needs lower prices and higher interest rates. Much, much lower domestic prices and significantly higher interest rates.
Of course, that is exactly the opposite of what has been sought by the political and bureaucratic elite who mismanaged the country into the era of the Great Stagnation.
The various LDP cliques and their bureaucrat allies insist on protecting to the very end the inefficient sectors of the economy and the cartels and monopolies that make Japan's domestic prices jaw-dropping for foreign visitors buying anything from tomatoes to train tickets.
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