Hatheway: Japan Is a Fully Employed Economy

The video discusses Japan's economic situation, highlighting its fully employed economy, low unemployment, and modest productivity growth. Despite challenges in raising nominal GDP and inflation, Japan is performing well. The demographic problem persists, and the BOJ's efforts to boost inflation face resistance. The video also touches on fiscal policy and the balance sheet of the BOJ.

What are the two main points mentioned about Japan's economy?

How does the text describe the potential rate of growth for Japan?

What is the current unemployment rate in Japan as mentioned in the text?

Discuss the demographic problem faced by Japan according to the text.

What is the significance of the BOJ's balance sheet in relation to nominal GDP?