What are the dangers of the Japanese model?

The Japanese model is spreading to other OECD countries: it is therefore useful to look at its dangers. What are the components of the Japanese model? Significant skewing of income distribution at the expense of employees; A sharp rise in the public debt, as the fiscal deficit offsets the small wage increases; An ultra-expansionary monetary policy (very low interest rates, considerable money creation) that enables the surge in the public debt ratio. What are the dangers of the Japanese model? A currency crisis due to capital outflows caused by the very expansionary monetary policy; this has not happened (except temporarily) in Japan; A substitution of inefficient public spending for household spending; A chronic excess surplus; companies cannot invest the profits they take from households through the fall in wages.