This Will Affect Global Economy; The Most-Under-Reported Story So Far This Year -- January 10, 2023

For two years, folks compared Sweden with Norway, North Dakota with South Dakota, and Texas with New York. They should have been comparing Japan with the rest of the world. What in the world did Japan do wrong?

Answer: Japan went from complete shutdown to "no" restrictions overnight a couple of weeks ago (December 28, 2022, to be exact). Link here. What did they expect? But apparently the Japanese tourism economy was in a death spiral. 

Then: Japan, South Korea changed their minds on travelers from China.

This morning:

Here are Japan's numbers: link here.