Japan's Lost Decades

Japan's central bank raised interest rates for the first time in 17 years, marking a significant event in the country's economic history after experiencing a prolonged period of stagnation. This episode of Planet Money explores Japan's Lost Decades, shedding light on how one of the most advanced economies in the world faced a sudden economic downturn and struggled to recover.

United States Industrial Policy and Economic Strategy

Sen. Marco Rubio outlines the need for a new industrial policy in the United States to benefit the working class and combat globalism and China's economic influence, contrasting it with the Biden administration's approach. The policy would prioritize domestic industrialization and address issues such as deindustrialization and dependence on China for key components. Rubio also discusses the impact of immigration and tariffs on the American economy.