No amount of money printing will save Japan. Every business cycle should have forced a reset, and low interest rates should have encouraged business. Instead, it ended up protecting weak firms, redirecting capital to scarce assets, and exported it to earn better yields elsewhere. The Bank of Japan didn’t just stabilize the system, it anesthetized it. The economy forgot how to renew itself, wages stalled, and productivity along with it. Risk-taking brings little reward, so a whole generation grows up just expecting things to stay more of the same. People don't stop having children for cultural reasons, it's more often tied to economics. When the future feels flat, people stop building toward it. When you suppress volatility, you think you're eliminate downside but the truth is you actually wipe out all the upside.