Our readingWhat is a korrent?
Japan's loss of innovation is mostly a finance story: companies can no longer get the cheap plentiful bank loans they had in the 70s and 80s.
Drawn from what Noah Smith said
What these subjects mean
innovation Where new things come from and how they spread: invention against diffusion, and being near the factory floor.
Japan Stagnation, demographics, finance and industry, and what the rest of the world reads into them.
Mental modelBottlenecks