The Japanese subway has been around for 50 years.
It’s the nation’s primary transit system, connecting people to their workplaces and shopping centers.
It was launched in 1964, and has been operating since then with a fleet of over 2.2 million trains.
But what will happen when the Japanese economy slows down and Japan’s government and central bank raise interest rates?
That’s the question posed by a new report from research firm Macroeconomic Advisers, which looked at the state of the subway system from the perspectives of the private sector and the central government.
The firm surveyed 2,000 economists in 10 cities around the world and found that there are only two options for how Japan could reform the country’s system by 2030: (1) keep spending the money and expecting it to grow; or (2) cut spending and expecting more inflation.
Both scenarios have a chance of being implemented in the 2030s, but the former is more likely to happen, the report says.
Macroeconomic says it’s possible that Japan could implement both options by 2030.
Here are five ways the Japanese public will see the country getting back on track.
Keep spending The report found that in 2030, the private economy could spend up to $400 billion a year, which is around 3 percent of GDP.
But the central bank has raised interest rates twice in the last decade, pushing the Japanese central bank’s reserves into negative territory.
While the central banks budget may not have been the worst out of the world in terms of inflation, it could still see a spike in interest rates in the near future.
In addition, there are concerns that inflation in Japan could push the yen down to negative.
Cut spending and expect more inflation In the first scenario, the central and private sectors could cut spending by up to 20 percent.
This is one of the ways the public could see more spending come back into the economy.
But there are more questions than answers about how much money the Japanese government will actually have to spend on its public transportation projects.
For instance, if Japan’s central government and the government agencies it regulates spend less on the rail and bus system, they could see a big drop in ridership.
Keep increasing spending in 2030 The next scenario would see the public spending increase by up by up 25 percent, but this will require more cuts from the private sectors.
This would mean more cuts in spending from the public sector, as well as the public transportation system, which would also have to raise its own money.
If this scenario was enacted, the public would see a cut of up to 70 percent in public spending in the first half of the 2030’s.
That’s because public spending would only have to increase in the second half of 2020, so there would be little to no stimulus to spur the economy in 2020.
Macroeconomics says it could see Japan grow by 1 percent a year in the 2020s, which will require some spending growth in the public-sector.
Cut public spending and not increase it If Japan’s economy slows to zero, it will be possible to keep spending, but not increase public spending.
That would mean the government would have to cut back on a variety of things, including its social security and education programs, which could cause some people to stop coming to work and potentially increase inflation.
The government could also reduce spending on other types of spending, such as health care and pensions.
Cut the public and keep private In the final scenario, Japan’s public spending could fall to zero.
However, the amount of public spending that would have been cut would be higher than what is required by law, which means that there would still be some public spending left.
This means the private market could still provide stimulus for the economy, and that could spur more spending in 2020, the firm said.