April 2024 – Economics of Information Society

The dismal decade (Part 5: China and Japanification risks)

The dismal decade (Part 5: China and Japanification risks) Phuah Eng Chye (27 April 2024) In June 2023, Nomura Research’s Richard C. Koo[1] warned that China’s real estate malaise were symptoms of the potential Japanification of its economy. Richard C. Koo cautioned “China was likely to enter a balance sheet recession and needed to take … “The dismal decade (Part 5: China and Japanification risks)”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

Date	Article/Event
29 June 2024	The dismal decade (Part 6: Driving forces and 2030 scenarios)