For last thirty years, the world has been watching the saga of downfall of the Japanese economy.

In particular, the world has been watching with curiosity and even worry about the amazing adventure of Abenomics.

The disappointing performance of the Japanese economy and the amazingly inefficient Tokyo’s policies have produced the “Japanzation” of the economy meaning the three-decades of economic recession followed by depression and deflation.

There is no reason why other economies will not share the same hateful experience in the future. In fact, there were some voices, thought weak, of worry about such possibility in Korea before the take- over of power by Moon Jae-in in 2017.

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