nice piece, very informative. for the uninformed, what is the motivation behind fiscal/monetary policies that encourage zombie lending? is it as "simple" as cultural? or was it meant to allow soft off-ramps to more productive industries and it was overdone?
I would say the cultural aspect is sustaining the practice, but the original motivation is to avoid the short term cost of a business going bankrupt and having to shut down.
In most advanced countries, fertility decline seems to be mainly a problem of marriage, or pair bonding more generally. This is particularly so outside of the Nordic and Anglo countries. In Japan, I believe, births outside of marriage are vanishingly rare.
So, fertility declines as the proportion of never-marrying women rises. Japan might do well to figure out why it is rising and what to do about it.
nice piece, very informative. for the uninformed, what is the motivation behind fiscal/monetary policies that encourage zombie lending? is it as "simple" as cultural? or was it meant to allow soft off-ramps to more productive industries and it was overdone?
I would say the cultural aspect is sustaining the practice, but the original motivation is to avoid the short term cost of a business going bankrupt and having to shut down.
Fascinating! Thank you!
In most advanced countries, fertility decline seems to be mainly a problem of marriage, or pair bonding more generally. This is particularly so outside of the Nordic and Anglo countries. In Japan, I believe, births outside of marriage are vanishingly rare.
So, fertility declines as the proportion of never-marrying women rises. Japan might do well to figure out why it is rising and what to do about it.
Fantastic post, congrats on the 100th post!