RE: Are Cities Dead?
You are viewing a single comment's thread:
What is amazing is the countryside towns in Japan were dying out with everyone moving to cities and the massive decline in their population.
COVID-19 has caused a shift of people in Tokyo moving out to the countryside. I don't think it is enough to "kill" Tokyo as it is the largest city on the planet but it has done enough to hopefully save the entire country of Japan.
0
0
0.000
Covid19 won't cause a big enough migration to kill Tokyo, the high living costs will in time.
Posted Using LeoFinance Beta
Japan has a problem that is entirely different from most other developed nations. The fact their population aged ahead of everyone else caused it some unique problems.
This was the cause of the deflationary spiral in that economy.
Posted Using LeoFinance Beta