Japan's central economic malaise has been the absence of real wage growth for 50 years; citizens have experienced zero real wage growth in recent decades and negative real wage growth (working more for less) in this century, creating a deflationary mindset and risk aversion among households.
factualpending
Speaker
Hugh HenryEvidence Quote
“The malaise in Japan has been the absence of real wage growth. Japan, the citizens, the wonderful, I love Japanese, the wonderful citizens of Japan have had no real wage growth in 50 years. None.”
Source
Once In A Lifetime Opportunities in Precious Metals, Japan, And AI w/Hugh Hendry— Rebel Capitalist InterviewsCreated: 8/13/2026, 9:56:54 AM
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