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Opinion

Japan -- the sun can also rise

An aging nation will still have a bright future if it boosts productivity with tech

| Japan

It is commonplace for sober commentators to have grim views about Japan's economic future, based on its extremely poor demographic prospects, and its weak productivity record so far in this millennium.

It is true, that in the long term, economic growth is essentially driven by two things; the size and growth of the working population, and its productivity. When these factors are applied to Japan, virtually all observers think that the economy can grow -- at best -- by 1% in real terms on average over the long term, and most consider the figure may be closer to 0.5%.

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