The People's Bank of China, in a rare move, published an article discussing Japan's 'lost thirty years.' The article is cryptic, but it appears to be a commentary on Japan's economic stagnation over the past three decades.
Unfortunately, the link to the article is only available in Chinese. However, based on the provided image, it appears that the article discusses the following topics:
* Japan's economic stagnation since the 1990s
* The country's struggle to recover from the burst of its asset price bubble
* The impact of demographic changes, including a quickly aging population, on the economy
* The need for structural reforms to boost economic growth
The article also mentions the concept of 'reiwa,' a term that roughly translates to 'beautiful era,' which has been used to describe Japan's post-war era. However, with Japan's economy stagnant for over thirty years, the term 'lost thirty years' suggests that this period has not lived up to expectations.
The article is likely intended to be thought-provoking, rather than a straightforward analysis of Japan's economic situation. It may be seen as a commentary on the need for change and reform in Japan to regain its economic momentum.