Japan and euro zone: Is "Japanisation" that problematic?
There is often concern about the fact that the euro zone is "Japanising" in terms of its economic equilibrium. A point in common between Japan and the euro zone is currently the low level of inflation, which makes it possible to have very low interest rates, which themselves enable a very high debt ratio ; the cause of the low level of inflation (the small rise in labour costs) is itself common to the euro zone and Japan. But it is often believed that "Japanisation" also lead s to very poor economic performance (growth, standard of living, employment). When comparing Japan and the euro zone as regards: The labour market situation; Productivity, innovation and corporate modernisation; The population’s standard of living , we see that Japan has not suffered from low employment, has modernised its economy significantly, and has enjoyed a rise in the per capita standard of living that is similar to that in the euro zone.