Japan's consumption problem mainly lies in the exchange rate. Before 2012, Japan's per capita working population was consistent with that of the United States. Japan lost in the proportion of an aging population, which is a natural law.

However, after 2012, Japan's exchange rate began to depreciate, and as a result, Japan's per capita GDP of the working population began to lag behind that of the United States, and is now only about half of that of the United States.

The problem this brings is that the wages of the working population are low, and the working population is the main consumer, which further leads to sluggish consumption...a vicious cycle.

Therefore, if Shi Pomao wants to reverse this problem, he must make some changes to the exchange rate. Strong currency = strong domestic consumption. This is vividly reflected in China, Japan and the United States.

Of course it is difficult to maintain the exchange rate because Japan's debt is very high, so it is necessary to reduce government spending, reduce debt issuance, and today reduce currency issuance.

Simply put, it is the opposite of Amperenomics.