An interesting article in Fortune titled “Oh boy: Prince imperils Japan’s economy.” (Or maybe it’s “Why Japan needed a female heir to the throne,” if you go by the title in the .html doc.)

There’s been no shortage of articles claiming the opposite—saying that this new imperial baby will pump an additional ¥150 billion into the economy, or whatever. I can’t say that I really get that argument. What do consumers run out and buy to celebrate a royal birth? Commemorative coins? Diapers? Cribs? Does this really make people want to have kids of their own?

Who can say . . . The article linked above notes that the economy is hampered by attitudes and systems that are hostile to women’s full participation in the workplace, and sees the “thank the kami it’s a boy, and not another worthless girl-child” aspect of this birth as a sign that those harmful things aren’t going away anytime soon.

If this kid had been a girl, and the country had to change the Imperial House Law to allow women to succeed to the chrysanthemum throne, I don’t think it would instantly push companies to hire women for executive-track positions and local governments to create more robust daycare facilities and other support systems for working parents. But it would have been a sign that someone in Kasumigaseki is actually thinking about matters of equality and recognizing them as more important than tradition for the sake of tradition.