Comments by "007 JMK" (@fujigoko007) on "Why Japan's Shrinking Economy Is Stuck in the ‘90s | WSJ" video.

  1. According to Keynes's theory, it is right to maintain productive capacity through large amounts of domestic debt. This allows us to care for tens of millions of elderly people and look after 1.6 million deaths.
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  2. Cash is the correct way to make the reality that money is a liability of the central bank. A cashless society is abstract and not suitable for an aging society. Japan is a country prone to natural disasters, and the risk is always real. A cashless society does not suit Japan.
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