A friend of mine insist to me, that Japanese Economy is doing better and going to take over the United States, as the next economic juggernaut.
I really dont know what he is talking about, because, Japanese economy has been producing miserably lower GDP growth than the US every year since the burst of Japan’s economic bubble in 1991-2.
Maybe, he was referring to the current economic recession. But that can’t be right because, although the American financial institution is the epicenter of the shit that we are in, their economy shrunk by 3.8% in the last quoter of 2008, Whereas the Japan’s economic contracted by 3.2% during the same time.
So I guess the jury is still out on which economy will weather the recession better. This hardly proves that Japan’s economy so somehow superior to America’s
So, what was he on? I don’t know. He was not making sense to me.
ps. moral of the story: Don’t BS me, please