Is Japan a depressed nation?
Characterizing Japan as a "depressed nation" can be a complex and multifaceted assertion. While Japan does face certain socioeconomic challenges, labeling the entire nation as depressed might oversimplify its situation. Instead, it's essential to delve into various aspects of Japanese society to gain a more nuanced understanding. Firstly, Japan has experienced prolonged economic stagnation since the bursting of its asset price bubble in the early 1990s. This period of economic malaise, often referred to as the "Lost Decades," has left a mark on the nation's psyche. Persistent deflation, coupled with an aging population and low birth rates, has posed significant challenges for Japan's economic growth and fiscal stability. Furthermore, Japan grapples with social issues such as high rates of suicide and mental health concerns. While suicide rates have been declining in recent years, Japan still has one of the highest suicide rates among developed nations....