Mar
18th
Wed
18th
Visual chart above leaves few doubts about the issue with Japan.
From John Mauldin’s weekly E-letter:
While Toyota is the world’s largest car company, auto sales in Japan peaked 18 years ago. Supermarket sales have fallen every year for the last 11 years. This is a country in a long-term decline, with massive debt. While there is still a lot of economic power there, it is not the country of the future. Unless they figure out how to grow their population, it will be a long slow slide.
