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China and Japan’s Entertainment Sectors Reflect Economic Struggles

Variety
Story by Sahasranaman Ramachandran
from Variety
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Chinese and Japanese entertainment sectors struggle as economic woes deepen, raising fears of a 'Japanification' crisis in the world's second-largest economy.
beat sheet
  • China's long-term bond yields have fallen below Japan's for the first time, a historic shift that signals growing deflationary pressures in the world's second-largest economy.
  • Authorities in China face mounting challenges to support yields, drawing parallels to Japan's decades-long economic stagnation, known as 'Japanification', which could spell trouble for the entertainment industry.
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Financial Times
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