It makes no sense to use Nikkei 225 or Dow Jones performance as indicators of economy performance, standard PPP GDP per capita is better than that in every imaginable way.
Japanese growth rates of 1-2% a year are historically still among the best performing human societies ever, even during industrial revolution we didn’t get that much, and estimates for earlier times are of order of magnitude of 1% a decade or less.
It makes no sense to use Nikkei 225 or Dow Jones performance as indicators of economy performance, standard PPP GDP per capita is better than that in every imaginable way.
Japanese growth rates of 1-2% a year are historically still among the best performing human societies ever, even during industrial revolution we didn’t get that much, and estimates for earlier times are of order of magnitude of 1% a decade or less.