July 10, 2023· 50 min

Richard Koo on China's Risk of 'Japanification'

Orality
Model
72%
Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(1,374 words)
M:28%
HostJoe Weisenthal(1,241 words)
M:94%
GuestRichard Koo(4,973 words)
M:28%

Oral Indicators

Agonistic38%
literally, completely, absolutely
Engagement46%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
chinese (63x), they (56x), china (53x)
Parallelism100%
And I'm Joe Weisenthal...., And then and they're like, oh,..., And then one day it just happe...
Sound Patterns36%
31 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases5%
you know what, i mean

Literate Indicators

Hedging11%
might, quite, rather
Passive Voice10%
was expected, are worried, are worried
Abstract Nouns19%
investment, recommendation, excitement
Subordination9%
because, while, whereas
Sentence Length53%
Avg: 18.1 words/sentence
Word Complexity50%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style54%
390 personal pronouns found
Descriptive Style83%
literally, completely, absolutely

Description

Richard Koo literally wrote the book on balance sheet recessions, or the idea that large levels of debt can weigh on future growth for years and even decades to come. Now, the Nomura Research Institute chief economist sees a similar risk emerging in China. The country has been struggling with vast levels of debt and slowing economic growth in the wake of the Covid-19 pandemic. In this episode, Koo discusses the signs he sees that a balance sheet recession is already underway as China's companies shy away from borrowing more money for future investment. He also suggests some ideas for just what China's authorities should do about it. See omnystudio.com/listener for privacy information.