Civilization at Boiling Point – Series
No.7 Sanaenomics: Abenomics’ Second Bet and Institutional Exhaustion
[Eyecatch]
A civilization that doubles down on policies already suffering institutional exhaustion inevitably moves toward its boiling point.
Introduction: Why Does Japan Repeat the Same Bet?
Sanaenomics lies squarely on the extension of Abenomics.
Main Text: The Second Bet on an Exhausted System
1. Fiscal Expansion Is an Advance on Future Taxes
Japan’s government bond market is growing increasingly fragile.
2. Prolonged Monetary Easing Degrades the Quality of the Currency
The weak yen is a civilizational warning.
3. Resonance with Trump 2.0
Japan and the United States are simultaneously heading toward high‑pressure economies.
Conclusion: Sanaenomics as a Replay of Institutional Exhaustion
The crisis accelerates.
Next Episode
No.8 “The Return of the Gilded Age — Ornamental Prosperity and Institutional Exhaustion”
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