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It took advantage of a shift in demand towards smaller container ships.
"To date, we have not seen a real material shift in demand, upward or downward," she said.
Moreover, rising per capita incomes in an affluent society usually are accompanied by a shift in demand toward services.
But any shift in demand from luxuries to necessities is not a loss to the economy as a whole.
The world seems to be at some form of inflection point with a big shift in demand.
"Demographic factors are causing a permanent shift in demand for income as a component of total return," he said.
The big question is whether Japan is an isolated example, or signals a broader shift in demand.
"Savings on off-peak flights must be large enough to motivate a change in behavior and a shift in demand to these flights," he said.
Manufacturing plans at Airbus have reflected that shift in demand, with Airbus signing a deal for its second factory in China last month.
The shift in demand for skills has a long way to go, as our special report on the future of work explains.
More consequential now, as the administration and Congress determine what to do, is whether the unemployment spike reflects a short-term or permanent shift in demand for workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com