What does the future hold for the world’s ageing populations? When experts try to answer this question, they often look at Japan, a country whose demographic profile turned sharply older in the early 1990s. Growth fell, deflation set in and capital investment flatlined. Nominal interest rates stayed incredibly low for a long time.
日益老龄化的世界人口的未来会如何？当专家们尝试回答这个问题时，他们经常会看看日本——在上世纪90年代初，日本的人口结构大大老龄化了。接下来发生的事情是：日本manbetx20客户端下载 增长率下降，通缩来临，资本投资停滞。名义利率在长时期内保持在极低水平。
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