Japan resident here. Inflation has really affected food prices (though it took way longer to affect us, and it's not as bad as many other countries), but wages aren't keeping up, those wages you mentioned are not for the average worker. With the weak yen, all imports are getting more and more expensive, and a lot of people have said they aren't traveling this summer, domestically or internationally. So the tourist boom is all well and good, but it's shit for the actual residents.
I would love to know more about the current situation from your perspective. As someone who dwells in Japan, your insight would be much appreciated and more credible, dissimilar to TLDR's inaccurate analysis.
This is always how it ends up. The myth that wages will go up with inflation is a lie. Inflation is a tool to strip workers of resources while large companies deny raises. The only time wages go up is in time periods where unemployment is very low and employers have to raise wages to try to convince people to leave their current jobs or to attract the few unemployed that are left. This is why corporations do not want low unemployment ratings.
@@ab-3983 I want to point out one mistake in the videos is that the increase in the wage is smaller than the expense in food or rent. It shows that the inflation rate only increased by 2%, while actually, the food price increased at least 10% (or more, depending on the goods). For the wage, a crucial fact is that the average wage in Japan is the lowest among the G7, even lower than Korea (minimum wage per hour). This makes the real wage (detecting inflation) decline for more than two years. Therefore, the true feeling for normal Japanese residents is that everything has become expensive due to the devaluation of the Yen, while my wage cannot cover the increase. A more severe problem is the decrease in GDP and trade deficits. This is not a good signal for the economy recovery in Japan.
Japanese resident here. Moved out of Osaka (the second largest metropolitan area after Tokyo) for work, thinking that with the same salary but living in a smaller city I would be better off. Now the cost of living is the same as in major cities, without the benefit of japanese world class transpo, etc. I predict that the inflation will speed up population drain from rural areas and smaller cities to the larger ones. Although I live in a pretty sizeable city, I'm actively working on moving back to a metropolitan area.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I can assure no Japanese feels good about the economy. The inflation is due to a weakening currency and higher costs of inputs. How does that befit Japanese at all? Please explain
It's sad how difficult things have become in the present generation. I was wondering how to Utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself.
I agree. I've been working with a financial advisor since 2020, and I return up to $15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
“Jessica Lee Horst” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Our economy is facing challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, all contributing to instability. With rising inflation, slow economic growth, and trade disruptions, it's crucial for all sectors to take immediate action to restore stability and promote growth. is wise to invest in stock etc
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Argentina is basically retooling their economy to the workings of a more conventional ones Japan is going to have a much harder adjustment With zero inflation bond holders have been willing to put up with near zero rate Now there is positive inflation if the rate jumps just 1% that's an extra 2.3% GDP in cost of servicing debts
Funnily economists say for years that Argentina has every reason to successful and Japan has every reason to fail. If now both are successful when the rest of the world is not 😂
@@Matixmer I wouldn't say Argentina is successful just yet. They have not met their targets in many key industries. Japan's success is all speculative at this point
It seems like all this “good feeling” about Japan’s economy is not about the average Japanese person’s bottom line and more about the top figures governments and business care about
It's about productivity, ultimately. A weaker yen makes Japanese exports more attractive at a global level, which enables businesses to return to Japan, which increases labor opportunities, which increases the productivity of the average person, thereby increasing GDP per capita. It doesn't necessarily mean the average person gets wealthier though, especially not in the short term.
@@VVayVVard so like I said. Lol 😂 but yeah I mean you see it here in the us too. Our stock market is at an all time high. It seems the same with inflation of goods and services as well as housing for those that rent. I understand that it trickles down in terms of opportunities. But a country like Japan should’ve pivoted a while back… I’m surprised it’s economy is still driven by exports.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
Yes because deflation is harder to notice than inflation. For a country that have literally no inflation for the last few decades there are an entire generation of Japanese who didn’t even witness any price hike in their lifetime so everyone is freaking out. Inflation is a much simpler problem to solve compared to deflation, honestly.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
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@@EdmundEthan093 I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
@@AlfredStephen127 There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with jessica dawn walters for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this second quarter of the year. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Larry Kent Burton for about five years now, and his performance has been consistently impressive.
Well, prices sure have gone up but unless you work for one of the big auto makers or a related big company your wages are stuck at the same level they were in 2010. The "average wage growth" sounds great but they don't like to talk about the median. Eggs have come back down though, surprisingly
Country economy cant grow without foreign workers. I know a awhole lotta Black people in the US wanna live there we watch anime some of us. But Japan still nbe on that racial shii even though Black people were some of the first samurais
@@pwnzus Wasn't even a samurai. There was no evidence he was ever a samurai, and all the evidence just points to him being a slave brought over by a dutch missionary (which he basically remained until all records of him stopped). Basically 6 lines in all of Japanese recorded history, none of which alluded to him being a samurai (but did explicitly state he was a slave and alluded to him being Nobunaga's pet). He was basically the only black dude to ever visit japan until the modern century.
@@Soilfood365you understand that's not actually sustainable, right. It just bandaids over the problem with Capitalism and let's the billionaires get away with continuing the system for a few extra decades until those populations run out too
@@Soilfood365 But they have no incentive to treat workers better in a way that would increase birth rates (higher wages, less hours, kinder working conditions) if they can just import more desperate workers instead. Labour scarcity is the only thing that will provoke change to the system. Better for them to run out of workers now and be forced to change, rather than import replacement labour until it runs out and then be forced to change anyway in 50 years.
The apology advertisement was by Akagi Nyugyo, for the Gari Gari Kun ice dessert. It actually was a bit tongue in cheek and very popular for being charismatic in a way, and was not actually an apology.
But it's so iconic to be the symptom of the bigger issues - presistent deflation mindset. Others just do stealth price hikes - basically keeping the price but switching to cheaper materials and reducing portions, or keep wages artificially low.
It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?
It's a bit unsettling to see the Japanese Yen losing value due to inflation while other currencies are gaining momentum, creating a sense of uncertainty. Despite this, there's still a level of trust in the perceived safety of the Japanese Yen . I understand your concern about your ¥420,000 retirement savings potentially losing value. Exploring alternative options for securing your money sounds like a wise move. Have you considered any specific alternatives or strategies to safeguard your retirement savings?
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
I'm Japanese. Japan's economy has been sluggish for many years, but in fact Japanese people are not suffering that much. You can't measure a person's wealth by GDP. For example, even in the United States, the world's largest economy, 50% of young people are forced to take on second jobs due to financial difficulties, many people have become homeless, and many people are suffering due to medical collapse. On the other hand, in Japan, we can say that the quality of life is high compared to other countries, with cheap and delicious meals out, low crime rates, excellent medical care, high quality service even without tipping, convenient trains and convenience stores, clean cities, orderly people, abundant tourist resources, few homeless people, cheap housing, etc. It's true that it's difficult to travel abroad due to the weak yen, but most Japanese people don't have passports and don't travel abroad to begin with. This is because there is a lot of entertainment and tourism available domestically.
The biggest problem is that the public does not recognize the results correctly and criticizes Prime Minister Kishida without thinking about it. Although the inflation rate is much more moderate than in countries around the world, we have issued appropriate subsidies in line with the soaring price of resources, and made tax cuts that are unparalleled in Japanese politics. Nevertheless, the people are complaining that "prices are high" and "Kishida is shit."
Hey everyone! This video got me thinking... has inflation really revived Japan’s economy? 😅 I’ve got $234k just chilling in my emergency fund, ready to dive into investments, but I need a headstart. Any thoughts on where to begin? Or should I just buy a ton of sushi?
Haha, I hear you! 🍣 sounds tempting, but I’d say diversify and start with something solid. Contrary to what many think, inflation isn’t necessarily a bad thing for an economy. It can boost spending and investment. But hey, with that amount, maybe get some professional advice. An investment advisor could really help you make the most of it.
Totally agree with you both. I’m sitting on a similar amount and I’m lost on where to start. Investing sounds great but I have no idea how to find a good investment advisor. Any suggestions?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I just looked up Linda Aretha Reeves and she seems exactly what I need. Thanks for the recommendation! Feels like I’m finally on the right path to getting serious about my investments.
as someone who has lived in the US during the 2008 financial crisis, and someone who has lived in japan for 10 years, i can say that the current day to day feeling in japan is more like a recession than it feels like the economy getting back on it's feet.
How many Black ppl u seen out there Im tryna get flown out and live there I heard houses are free. I can work and also do rap music Im tryna get a buzz out there do japan ppl listen to Black hip hop??
Japan makes for a very interesting case economically and culturally. They’re seeing record numbers of tourists, and yet the story of “Japan reaching reaching the year 2000 level of technology in 1980 and being stuck there” still feels true as an image they need to shake.
So: Unaffordable housing, expensive food, poverty in retirement are all good things, but everything cheap and top infrastructure is bad. According to modern economists.
Yeah, the bank of Japan itself hold more than 60% of Japan's debt. So Japan would never be a bankrupt nation like Pakistan or soon to be Italy ( which have high amount of debt ). Infact Japan ranks very high on Moody's. But still Debt is a debt. And raising interest rates will cause pain for the average Japanese.
@@sailingadventurer Italy is the exact same as Japan though, it has barely any foreign debt. The issue Italy has is that it doesn't control its own currency but has to shoulder its own debt. It's an unfair situation where the strong EU economies can profit from exports because countries like Italy and Spain push down the value of the Euro while they are not willing to share debt at the EU level. In truth, if sovereign debt in the EU was shared, just like its currency is, then the Italian government could focus more on investing in the country and tackling the actual issue Italy has, namely low productivity, both in businesses and in government services.
@@michelangelobuonarroti4958 Italy having a strong currency is not necessarily a bad thing tho. People in Italy can be assured that no matter what their savings are in safe hands and wont vanish. This stability is probably much more valuable then the monetary manipulation abilities of a national currency. At the end of the day, a currency is an exchange medium and its misuse by governments to control prices, wages, imports and exports is dubious practice at best and catastrophic at worst. It is of course true that the euro-zone needs a united monetary policy but unfortunately no government is pushing for it right now, including Italy.
@@PhthaloJohnson Oh yes of course, my point was not an argument against the euro, but an argument for EU debt sharing, sorry if that came across in the wrong way
@@numkid-d5m The inflation number shown above don’t correlate to day to day life, where it says 3-4% when in realty is close to 20% in my opinion. I’m talking about personal experience what I used to do groceries with ¥10,000 now I need 50% (¥15,000) more to buy the same stuff.
@@MiniPunxx If we look at the UK and the US, we can see that the war has led to inflation worldwide. Japan's 30-year break from deflation was probably a combination of high prices due to the war.
Instead of changing interest rates (which would probably be ineffective and is not targeting specific sectors - it is monetary policy), Japan can also raise taxes (a targeted fiscal measure) to combat inflation, should it get out of hand. This appears to be a good development.
Japans Inflation is supply-side like it was is the rest of the World besides selected sectors in the US. You cannot fight it with standard monetary or fiscal policy
Another tax hike in Japan? No thank you. Consumer confidence was low after the last but to increase taxes now with the double whammy of inflation+massive devaluation of the yen would kill consumption.
One key observation in recent years is the fact that south east asia not only has to potential to up its game, but there is willingness from many advanced economies to move away their production lines from china (one point of failure, especially due to recent political frictions). As much as I love to see Japan to stabilize, I root for SEA's growth and advancements.
@@cloudkittI double checked with GDP per capita year by year, and the closest was number 2 in 1988 and 2000. They climbed up from 23 in 1980. They held 3rd most of 1990s. They plummeted to double digits in 2003 and haven’t returned to single digits. I’m not comfortable that “former largest economy in the world” was claimed as fact. It’s a red flag for unprofessionalism. A documentary should get all numbers correct without vagueness. Such sayings in an intro is a common practice of clickbait content UA-camrs making low quality“Top ten things you didn’t know” videos. This channel provides semi-professional, yet highly informative analysis, so this hurts their image.
They were about to surpass USA.This inflation and 30 years economical crisis is what USA has done to japan in order to win trade war.USA got jeaolous of japan, he will do the same to china then india.China has started suffering from economical problems.Economists don't think that they will ever surpass USA.
comeback? seriously? it doesnt feel like that for people living here Prices of everything, including basics increased by more than twice, even raw chicken increased by thrice while my salaries increased by less than 5% . If this is what growth looks like please bring back economic stagnation
Comparing to other countries, Japan's price increase of things is very low. I noticed this since I live in Shinjuku and I traveled to the US and Spain. The increase there doesn't even compare.
I am Japanese living in Japan. At least in Japan, the number of homeless people and illegal drug users is not increasing. The unemployment rate is extremely low. Big companies such as Toyota, Honda, Sony, and Mitsubishi Heavy Industries are making a lot of money thanks to the weak yen.
Although he didn't buy "japanese stocks", but 5 specific companies in the same sector, for reasons that aren't correlated to japan (world inflation in materials, oil ecc.. and cheap valuation)
You can't solve a real economy problem with monetary policies. As productivity declines, so do real wages, a devaluatory policy only helps exports, momentarily boosting said industries, but at the expense of everybody else losing, and if you dont fix the root cause of the problem, you're just inflating a punctured tyre, similar to what Argentina's been doing past decades, for different reasons.
I dont remember where I read this but it is a silly joke that is fitting here there are four types of economies: developed, developing, Argentina, and Japan
Japan and its companies don’t leverage their brand enough. They own some of the most iconic IPs in the world, yet it’s so difficult to buy licensed stuff, all while they oversaturated the domestic market. Not saying that selling more hello kitty stuff will revolutionise their economy, but it definitely points to an insular mindset in business that is hampering growth potential.
Absolutely, yes. Japan had been suffering from deflation. Mild inflation is the only key for growth of countries. Deflation is the worst scenario in economy.
Bro hearing about Japan *not consuming enough* and inflation = real wages go up is a little insane to me... this just seems like number going up on paper but in real life it's just Japan now being ripe for exploitation
Wow, inflation doing a number on Japan's economy, huh? Maybe it's time to finally put my $87k emergency fund to work instead of just letting it sit there collecting dust. Any tips for a newbie looking to jumpstart their investment journey? Would love to know if Japan's revival could be my ticket to financial freedom, or if I should just stick to my good ol' index funds. 😂"
Hey there! Inflation might be shaking things up, but don't let the hype fool you. Japan's economy has had its ups and downs for years. If you're just starting out, maybe keep your investments diversified instead of betting on one country. But hey, if you want a piece of that sushi economy, why not? Just don't put all your eggs in one basket, right?
I'm in the same boat, looking to start investing but don't want to go in blind. With all these economic shifts, it's hard to decide where to start. Anyone know a good investment advisor? I could really use some professional guidance to navigate these choppy financial waters.
"Navigating the investment world can be as tricky as guessing Japan's next economic move. But hey, I've heard Linda Aretha Reeves is the Sherlock Holmes of finance. Maybe give her a look? She's got this knack for making sense of market chaos. Just saying.
This video sort of glosses over the fact that they're getting a tourism boom because the Yen is weaker now compared to foreign currencies, this acts as an automatic subsidy to anyone who wants to travel to Japan or buy Japanese goods, and a tariff to Japanese wanting to travel or buy foreign goods.
Japan's economy might improve, but it is shackled by its declining population and aging population. An economic miracle 2.0 needs a growing work force and consumers.
Why on earth would inflation be good for Japan, when they're one of the largest holders of US debt. The value of this debt has cratered in response to inflation.
As a person doing research on the Japanese economy, would you be able to tell me how this debt impacts the BOJ. To be more specific, does Japan's debt mean that the BOJ is afraid to raise rates by even the slightest? They claim that they are ruminating cutting bond purchases in the upcoming policy meeting, but that appears ineffectual to me. What is your perspective on this?
@@ab-3983 Japan is still a colony of the USA, and it's doubtful they would be permitted to significantly reduce their US bond holdings. As for the rates, you can depend on the Japanese and the Germans to work hard to pay off debt, they can get away with overpriced bonds more than lesser nations. But the reality is a lot of the economic conventional wisdom doesn't apply when your nation is a vassal behind closed doors.
Good info, but just one part where BOJ was "forced to spend billions to defend the currency" They are "spending", but they made so much profit when they built the reserve say at 100yen per dollar and now selling it at 160yen per dollar lol.
Inflation can not solve root cause of Japan economy. Inflation is reducing consumer spending of Japanese people, which in tern reducing domestic GDP. Root cause is lack of investment and poor industrial productivity. Without healthy investment, no GDP growth. Population decline is only secondary cause. Productivity stagnation is first, root cause. So inflation does not help investment or productivity.
But deflation partly led to a cost cutting mindset among companies, as customers are not expected to pay extra for the added value, and hence necessary capital for investment.
@@steinwaldmadchen That doesn't make sense, you don't spend more because your savings are gonna be 5% less valuable next year. You spend on what you need and what you want. Besides, if you can build up savings faster, you're gonna be spending more on more expensive things, like housing.
@@BlackDragon-tf6rv I'm not talking about consumer side - but producer side. As customers are not expect almost any price increase, companies had to maintain it even when external costs increase - so the cost cutting must happen in somewhere. . That combined with a cash reserve mindset caused by debt trauma and multiple other factors led to almost constant cost cutting and usually it's salary (or employment) and R&D that were sacrified. While Japan's work environment has been hostile, many of the horror stories actually came from the start of the century, when the economy was so bad that current and future employees literally had to beg for work. While that works in the short term, the economy be weaker in resilience in the long term.
@@steinwaldmadchen No, Japanese firms toiled very hard to cut cost during long stagnation/deflation. Price hike is last resort to fight inflation to them. So inflation or price hike won't induce large investment, due to weaker consumer demand. Japanese consumer is not spending more, but They are reducing spending due to inflation without corresponding income boost.
Inflation hasn't saved the Japanese economy, the truth is the Japanese economy was fine before, it's fine today, and it'll be fine going forward. The fear mongering was always overblown.
People on the ground do not have such an optimistic view compared to this video. Why do I keep seeing a lot of "Why Japan's economy is finally growing videos" juxtaposing all these China collapsing videos smh
I’m Japanese and work for 商社(a trading company) and my bonus tripled last winter. Weak yen is heaven for those who work for traditional Japanese companies😀
Does inflation motivate you buy things in Europe? Do you know what was price of bread 2 years ago? No, you just buy it. Inflation needed for government and corporations who borrow a lot of money to depreciate their debt. Main problem of Japan that central bank bails out everyone, and they don’t allow bad investment to bear the consequences
this is what happens if you only rely on internet to do your research if you actually live there you will know it has never been worse than now and it will only continue to get worse
Do you dwell in Japan by some chance? If so, would you be so benevolent as to provide me with an insider on the present state of the Japanese economy. The BOJ claim they have a solid strategy, but I am not one to believe as such. It would be appreciated to hear from the prospective of a citizen in Japan.
@@ab-3983 As far as I know, BOJ has intervened the market for the 3rd time recently since 2021 after yen to dollar hit 162 yen in order to lower it back down to 155 per 1 USD; they are essentially emptying their piggybank to stop their currency becoming worthless. The thing is, they only have a limited amount of foreign currency saved, and despite efforts they are just slowing down the inevitable. The depreciation of Yen was a result of Abenomics, which intended to lower the value of Yen by printing money like crazy in order to make Japanese exports more affordable while making other statistical values look pretty on graphs; on paper, exports thrived however imports on the other hand also became more expensive which made the people who are living in Japan relatively more poor as they now had to pay more for things all things import, like iPhones or food. Now, since wages have not changed significantly but everything else in Japan is more expensive which deters people from working low wage jobs, and to fill this gap, the government has been lowering the barrier of entry to work in Japan since 2019 to fill this labour shortage with foreign workers. The ssw1 visa was introduced basically as a pseudo permanent residence but even after this, they are not able to get people to come to Japan to work as Yen depreciation meant less money to send back home compared to 10 years ago; Japan is no longer a place of choice for foreign workers simply because of harsh working conditions and low wages (on top of this the whole country is still VERY analogue in this digital age so efficiency is poor) At this very moment numerous businesses are also going out of business, due to the reasons above (shortage of staff + higher cost of maintenance) and even if you were of the working populace in Japan, in about 10 years when Dankai generation 'retire' you are going to be paying hefty taxes to support their retirement. Speaking of generations, right now 1/3 of the population is considered old, and it is only going to get worse from here when essentially the baby boomer generation of Japan hits retirement age. I am going to also include that Japan never really had an answer for the ice age generation (basically shunned them and pretended they never existed) who were born between 1970-1984 who could not find jobs after the bubble burst and since remained unemployed and now too old to find jobs anywhere. The final nail in the coffin is dropping birthrate every year, as no one in their right mind would want to have kids right now, as they will grow up to pay more taxes than anyone ever did historically, no guaranteed retirement or superannuation scheme for when they get old. Not to mention to get married in the first place is impossible as they need to make 5000000 Yen per year but most of the populace is making less than half that. Sorry for the wall of text, I lived in Japan since 2010 but around 2015 things were already looking very bleak.
@@ab-3983 Salaries have not risen as rapidly as in the United States, and take-home pay has only increased slightly due to increases in pension and medical insurance premiums and taxes, but the working hours of the Japanese people around me have clearly decreased over the past decade. I am an employee of a prime company listed on the Tokyo Stock Exchange, and this year all employees received a monthly base pay increase of $200 in addition to their regular salary increases. If you include rent subsidies, even as a new employee, should have at least $1,000 at disposal to spend on things other than survival. Over the past decade, the working environment has improved so that Japanese people who graduate from university and join a regular Japanese company, even if not a top automobile company, can balance their work and private life. I don't know what the Bank of Japan's policy will be. I believe that as more nuclear power plants come online, resource imports will decrease and Japan's current account surplus will likely be maintained, and that for the next few years the Japanese government's domestic and international policies will probably not change for any reason other than the whims of the US president (even if there is a change of government in Japan).
I don' believe inflation is good for Japan. The country is notorious for lacking native materials and relies heavily on import. Weakening the yen would only cause trouble.
All the Bank of Japan has to do, at least, according to the information presented here, would seem to be to just raise interest rates to 2% and hold it there for the next five to ten years. Let the cost of money start to increase so that the prices, at some point, HAVE to rise. Zero interest rates seem to have become a barrier to inflation.
This is why they should give out UBI with the stipulation: New money/credit is created only when you spend the money; you must spend the money in order for it to come into existence.
This UBI needs to be protected from debt (and debt collectors) - as mentioned in the video it's bad if that additional stimulus is used to pay back loans rather than on spending and investing.
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $440K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly.
I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $510k portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024.
“Iynne Marie Stella” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Dropping rates and rising inflation triggers not only change in behavior but also a huge transfer of resources. A good economist would start from there to justify any benefits. To simply tweak the levers and claim it is working is not science, and drove entire nations to destruction
In your opinion, is the BOJ lying about being able to achieve a "growth cycle" and is the future economic trajectory (as well as that for the Yen), positive or negative.
@ab-3983 In boardly, I think now we're facing "Stagflation" definitely. In the first place, this problem has lasted since early Heisei era. Some experts pointed out the stagnation of our economy since then. e.g. Japanese net salary decreased YoY 27 monthes consecutively until this august. BOJ excuse regarding rate hike is undecent. That problem never changed, continued throughout several decades. All such rediculous problems was caused from lack of detemination of ourselves . And such lack of determination has started while allied occupation. In such aspect, this bad tide would not change in short term.
@@ROUKWA_S The stock market went into a state of bedlam 2 weeks ago. More than anything, I think that the probability of Japan's collapse (via bank defaulting, carry trade unwind, hyperinflation, unpeopling, etc.) is augmenting with each passing week. The G7, in general, is balancing on a tight rope right now. A collapse may be coming, and it will not be a forgetful one at that.
Japan is in for a tough time With government debt over 200% GDP if the rate jumps just one percent thats an extra 2% in government spending just for debr servicing
Japan inflation does not help residents as 60% of food are imported. Import of oil, animal feeds also increase due weak yen. Price increase cause reduce in food consumption. It's better to have deflation and stronger yen
No, its not. Most of the inflation comes from the highly increased tourism and foreign investment, which has driven up prices of everything. The problem is that wages aren't rising in return, which means it will cause an already conservative country to be even more conservative. This is a country where the CEO of a popsicle company had to apologize for raising the price of its products by 10 yen. The Japanese are extremely adverse to raising prices, and this includes wages too. So while companies may be experiencing higher profits, it doesn't mean the people on the ground floor are experiencing any of profit. So unless the data shows wages are increasing as well, its going to be a bad thing, because unlike the US, where people go into massive debt to keep up their consumerisms, Japan does the opposite. In economic hardship, they just simply spend less and save more. Average wage going up might sound like a good thing, but if its only because an executive raised his pay, then it doesn't mean much. The median wage increasing has to be the most important part. I don't really see this as a good thing until wage data shows that the median wage has increased equivalent to the inflation. If it doesn't, then it just means Japan's economy got worse. Not better. edit: grammour
Japan started out with a low Jen and started getting in trouble once the us changed monetary policy. Japan is still a strong 1st world countrie. ..... most likely with better infrastructure and average standard of living than the us.
My question, is it really that detrimental to Japan to have stagnant price and inflation rates? We say these things are bad because of the effect on economic growth but what has happened to standards of living in Japan? Because every western country I can think of has standards of living dropping over the past decade and we've had no problems generating higher GDP and inflation. But numbers on a spreadsheet don't really mean anything if no one in the west can afford to support a family anymore or buy a house, but Japanese people are happily stuck in a 80's/90's era standard of living with no changes on the horizon.
I do agree with you. I think the issue is that stagnation isn't only prices. No one is investing, trying new things, or growing, and Japan needs to attract workers from overseas (and treat them well), but the pay and work life balance just isn't appealing. The joke is Japan was in the year 2000 in 1990 and hasn't left. But the standard of living isn't bad. In a magical world, prices would stay cheaper AND Japan can still grow and thrive.
The goal is to have workers also negotiate higher wages and devalue debt. It's just that people aren't ready enough to take on debt to start a new business or the likes - that fear of debt causes a less dynamic economy even though japan has one of the most educated populations. it's generally agreed that 2% inflation helps everyone, people who take on debt have a lesser burden down the road, it encourages making investments now rather than later, and makes it so more money is moving around in the economy and not being stored as currency
lol. "Inflation is good" Inflation is too complicated an economic impact to put a moral category on it. Anyone who says it's good is selling you something. Don't be Naive.@@ayoCC
@@ivani3237 Inflation is not what loses debt. A large part of Japan's debt is in yen so if the value of yen drops, so does the debt. Also inflation is really really bad for Japan since it can spiral out of control and Japan doesn't have many options like other countries do like raising interest rates
Japan resident here. Inflation has really affected food prices (though it took way longer to affect us, and it's not as bad as many other countries), but wages aren't keeping up, those wages you mentioned are not for the average worker. With the weak yen, all imports are getting more and more expensive, and a lot of people have said they aren't traveling this summer, domestically or internationally. So the tourist boom is all well and good, but it's shit for the actual residents.
I would love to know more about the current situation from your perspective. As someone who dwells in Japan, your insight would be much appreciated and more credible, dissimilar to TLDR's inaccurate analysis.
Now I can’t buy pc parts 💀 I live in Japan btw
This is always how it ends up. The myth that wages will go up with inflation is a lie. Inflation is a tool to strip workers of resources while large companies deny raises.
The only time wages go up is in time periods where unemployment is very low and employers have to raise wages to try to convince people to leave their current jobs or to attract the few unemployed that are left.
This is why corporations do not want low unemployment ratings.
@@ab-3983 I want to point out one mistake in the videos is that the increase in the wage is smaller than the expense in food or rent. It shows that the inflation rate only increased by 2%, while actually, the food price increased at least 10% (or more, depending on the goods). For the wage, a crucial fact is that the average wage in Japan is the lowest among the G7, even lower than Korea (minimum wage per hour). This makes the real wage (detecting inflation) decline for more than two years. Therefore, the true feeling for normal Japanese residents is that everything has become expensive due to the devaluation of the Yen, while my wage cannot cover the increase. A more severe problem is the decrease in GDP and trade deficits. This is not a good signal for the economy recovery in Japan.
Japanese resident here. Moved out of Osaka (the second largest metropolitan area after Tokyo) for work, thinking that with the same salary but living in a smaller city I would be better off. Now the cost of living is the same as in major cities, without the benefit of japanese world class transpo, etc.
I predict that the inflation will speed up population drain from rural areas and smaller cities to the larger ones. Although I live in a pretty sizeable city, I'm actively working on moving back to a metropolitan area.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
0:22 bro don’t do that
It made me anxious for a sec
yeah, its so much better when they use a generic alarm sound instead, that shit gives me ptsd
The second I heard that I was „📈📉📈📉. … hah… hah, oh my god why did he do that”
seriously i wanted to comment this too, PLEASE DONT USE ALARM SOUNDS
Actually gave me a slight physical reaction, that sound really is not pleasant 😂
Inflation in the rest of the world: This is destroying my life.
Inflation in Japan: I'm about to start this man's whole career.
Japans economy has an entire economic catagory for a reason
We're talking about economic inflation, right? RIGHT?
@@soonlytaing1708 Relax. We don't kink shame around here.
I can assure no Japanese feels good about the economy. The inflation is due to a weakening currency and higher costs of inputs. How does that befit Japanese at all? Please explain
@@soonlytaing1708 japan's been in a state of deflation for decades, but it produces a lot of inflation
It's sad how difficult things have become in the present generation. I was wondering how to Utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself.
I agree. I've been working with a financial advisor since 2020, and I return up to $15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
“Jessica Lee Horst” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Our economy is facing challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, all contributing to instability. With rising inflation, slow economic growth, and trade disruptions, it's crucial for all sectors to take immediate action to restore stability and promote growth. is wise to invest in stock etc
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The world : the economy is so bad right now
Japan and Argentina : our time has comes
Argentina is basically retooling their economy to the workings of a more conventional ones
Japan is going to have a much harder adjustment
With zero inflation bond holders have been willing to put up with near zero rate
Now there is positive inflation if the rate jumps just 1% that's an extra 2.3% GDP in cost of servicing debts
Funnily economists say for years that Argentina has every reason to successful and Japan has every reason to fail.
If now both are successful when the rest of the world is not 😂
At some point Japan's population and infertility will catch up to them and Japans working class will probably be replaced by indians and mexicans
@@Matixmer I wouldn't say Argentina is successful just yet. They have not met their targets in many key industries. Japan's success is all speculative at this point
private sector is not that indebted.
wrong
It seems like all this “good feeling” about Japan’s economy is not about the average Japanese person’s bottom line and more about the top figures governments and business care about
It's about productivity, ultimately. A weaker yen makes Japanese exports more attractive at a global level, which enables businesses to return to Japan, which increases labor opportunities, which increases the productivity of the average person, thereby increasing GDP per capita. It doesn't necessarily mean the average person gets wealthier though, especially not in the short term.
@@VVayVVard so like I said. Lol 😂 but yeah I mean you see it here in the us too. Our stock market is at an all time high. It seems the same with inflation of goods and services as well as housing for those that rent. I understand that it trickles down in terms of opportunities. But a country like Japan should’ve pivoted a while back… I’m surprised it’s economy is still driven by exports.
I’ll let you on a little secret. The things top figures governments and business care about are what determines the average Joe’s bottom line
@@ERS2000yeah nothing really matters in the short term lol. It doesn’t mean over the long term (what actually matters) things won’t improve
It's not though they think it is because they dream of the 80s becoming reality again.
japan's economy is so complex it is its own category
It needs Black workers
@@PacmanBrunnerhow would that help japan? Or do you just look down on asian people
@@PacmanBrunnerno they don't?
Black and Muslim workers 😂
@@RusticRonnie Believe it or not Black ppl like japan and anime too. Its messed up ppl who aint even asian havve problem wit me over there postin up
Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip!
talk to 10 people there. at least 9 will tell you it got way worse
Other countries with inflation: *first time?*
We need Black people in Japan
Yeah lol what the f* did they expect is gonna happen ? lol
Yes because deflation is harder to notice than inflation. For a country that have literally no inflation for the last few decades there are an entire generation of Japanese who didn’t even witness any price hike in their lifetime so everyone is freaking out.
Inflation is a much simpler problem to solve compared to deflation, honestly.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
@@EdmundEthan093 I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
@@roxdietren That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@AlfredStephen127 There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with jessica dawn walters for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@roxdietren She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this second quarter of the year. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Please, who's this advisor that guides you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Larry Kent Burton for about five years now, and his performance has been consistently impressive.
He's on Instagram *
please never use the alarm noise.
Well, prices sure have gone up but unless you work for one of the big auto makers or a related big company your wages are stuck at the same level they were in 2010. The "average wage growth" sounds great but they don't like to talk about the median. Eggs have come back down though, surprisingly
Country economy cant grow without foreign workers. I know a awhole lotta Black people in the US wanna live there we watch anime some of us. But Japan still nbe on that racial shii even though Black people were some of the first samurais
@@PacmanBrunner There was at most 1 black samurai lmao
@@PacmanBrunner This must be a parody account 😂
@@pwnzus Wasn't even a samurai. There was no evidence he was ever a samurai, and all the evidence just points to him being a slave brought over by a dutch missionary (which he basically remained until all records of him stopped).
Basically 6 lines in all of Japanese recorded history, none of which alluded to him being a samurai (but did explicitly state he was a slave and alluded to him being Nobunaga's pet).
He was basically the only black dude to ever visit japan until the modern century.
@@pwnzus Check ur facts sammurai were mostly Black they even make video games about how they were Black. Dont @ me wit ur racial BS
Never include that alarm sound again, far too triggering
Snooze!
😂😂😂
I wasn't a fan.
Japans biggest issue is still its demographic one.
That's much trickier to solve.
A little more hospitality to immigrant labour would resolve that pretty quickly.
@@Soilfood365you understand that's not actually sustainable, right. It just bandaids over the problem with Capitalism and let's the billionaires get away with continuing the system for a few extra decades until those populations run out too
@@whocares435-z9v I do, but any time you add a little humanity to capitalism it makes it a tiny bit more livable.
@@Soilfood365 But they have no incentive to treat workers better in a way that would increase birth rates (higher wages, less hours, kinder working conditions) if they can just import more desperate workers instead. Labour scarcity is the only thing that will provoke change to the system. Better for them to run out of workers now and be forced to change, rather than import replacement labour until it runs out and then be forced to change anyway in 50 years.
The apology advertisement was by Akagi Nyugyo, for the Gari Gari Kun ice dessert. It actually was a bit tongue in cheek and very popular for being charismatic in a way, and was not actually an apology.
But it's so iconic to be the symptom of the bigger issues - presistent deflation mindset. Others just do stealth price hikes - basically keeping the price but switching to cheaper materials and reducing portions, or keep wages artificially low.
This didnt age well
What happened
@@SonuSharma-xx2hj Nothing
@@apollo1694 Nothing ever happens
It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?
It's a bit unsettling to see the Japanese Yen losing value due to inflation while other currencies are gaining momentum, creating a sense of uncertainty. Despite this, there's still a level of trust in the perceived safety of the Japanese Yen . I understand your concern about your ¥420,000 retirement savings potentially losing value. Exploring alternative options for securing your money sounds like a wise move. Have you considered any specific alternatives or strategies to safeguard your retirement savings?
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
I'm Japanese.
Japan's economy has been sluggish for many years, but in fact Japanese people are not suffering that much.
You can't measure a person's wealth by GDP.
For example, even in the United States, the world's largest economy, 50% of young people are forced to take on second jobs due to financial difficulties, many people have become homeless, and many people are suffering due to medical collapse.
On the other hand, in Japan, we can say that the quality of life is high compared to other countries, with cheap and delicious meals out, low crime rates, excellent medical care, high quality service even without tipping, convenient trains and convenience stores, clean cities, orderly people,
abundant tourist resources, few homeless people, cheap housing, etc.
It's true that it's difficult to travel abroad due to the weak yen, but most Japanese people don't have passports and don't travel abroad to begin with.
This is because there is a lot of entertainment and tourism available domestically.
そうですね。生活は全く苦しく無いですが、でも低所得者層がキツくなっているのは事実です。日本は人口規模の割には異常に犯罪率が低いですから、安易に外国人の単純労働者を入れないで欲しいところですが...政府は外国人をちゃんと選別してくれるのでしょうか？差別とか下らない事に囚われてヨーロッパはおかしくなりましたから、特定のグループは入れないのが正解なのですが、どうでしょうね。
@@はにわまる-m9b日本はかなり頑張って弾いているとは思いますけどね。外交に差し障らないように若干だけ受け入れて、上手く外圧を受け流してるように感じます
@@BigFishEatLittleFish 今の所は.そうですね。ただ、岸田自民は人気が落ち続けているので、立憲民主党とかれいわ辺りの人権派(笑)勢力が不安要素です。入管改正法に反対した党ですからね。今の制度でもかなり甘いと思うのですが。外国人の適切な受け入れなら自分は仕方ないと思えるのですが、不法滞在者を擁護するのは、英国など見ていても良いことではありませんからね。
@@はにわまる-m9b全く、自民党の求心力低下は頭の痛い問題ですね...後継の人材も育ってませんし、現政権にもしもがあれば心配です。
Watching the video after the utter chaos in the financial markets in the last 2 days😂
The biggest problem is that the public does not recognize the results correctly and criticizes Prime Minister Kishida without thinking about it. Although the inflation rate is much more moderate than in countries around the world, we have issued appropriate subsidies in line with the soaring price of resources, and made tax cuts that are unparalleled in Japanese politics. Nevertheless, the people are complaining that "prices are high" and "Kishida is shit."
true
岸田最大のクソ要素は移民の犯罪を無視してる事となんの効果もない少子化対策だぞ
クルド人が強姦しようが違法投棄しようが「移民は国の宝」だとよ
批判されている大部分は経済以外の点
Hey everyone! This video got me thinking... has inflation really revived Japan’s economy? 😅 I’ve got $234k just chilling in my emergency fund, ready to dive into investments, but I need a headstart. Any thoughts on where to begin? Or should I just buy a ton of sushi?
Haha, I hear you! 🍣 sounds tempting, but I’d say diversify and start with something solid. Contrary to what many think, inflation isn’t necessarily a bad thing for an economy. It can boost spending and investment. But hey, with that amount, maybe get some professional advice. An investment advisor could really help you make the most of it.
Totally agree with you both. I’m sitting on a similar amount and I’m lost on where to start. Investing sounds great but I have no idea how to find a good investment advisor. Any suggestions?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I just looked up Linda Aretha Reeves and she seems exactly what I need. Thanks for the recommendation! Feels like I’m finally on the right path to getting serious about my investments.
as someone who has lived in the US during the 2008 financial crisis, and someone who has lived in japan for 10 years, i can say that the current day to day feeling in japan is more like a recession than it feels like the economy getting back on it's feet.
How many Black ppl u seen out there Im tryna get flown out and live there I heard houses are free. I can work and also do rap music Im tryna get a buzz out there do japan ppl listen to Black hip hop??
@@PacmanBrunner yea you can do it!
@@ochadeshita U tryna donate if i make a gofund me for a plane ticket??
@@PacmanBrunner nah
@@ochadeshita keep ur change racist
In the 1980s, Japan was living in 2000. In 2000, Japan was living in 2000. In 2010, Japan was living in 2000.
This aged like cottage cheese sitting all day in the sun in summer...
Japan makes for a very interesting case economically and culturally. They’re seeing record numbers of tourists, and yet the story of “Japan reaching reaching the year 2000 level of technology in 1980 and being stuck there” still feels true as an image they need to shake.
"Image they need to shake" bullshit.
if it ain't broke. don't replace it
So: Unaffordable housing, expensive food, poverty in retirement are all good things, but everything cheap and top infrastructure is bad. According to modern economists.
They want to keep debasing the currency as much as possible.
Somthing to say about Japanese debt. while they have a high level, the goverment owns alot of it this basicly makes it redundent.
Yeah, the bank of Japan itself hold more than 60% of Japan's debt. So Japan would never be a bankrupt nation like Pakistan or soon to be Italy ( which have high amount of debt ). Infact Japan ranks very high on Moody's. But still Debt is a debt. And raising interest rates will cause pain for the average Japanese.
@@sailingadventurer Italy is the exact same as Japan though, it has barely any foreign debt. The issue Italy has is that it doesn't control its own currency but has to shoulder its own debt.
It's an unfair situation where the strong EU economies can profit from exports because countries like Italy and Spain push down the value of the Euro while they are not willing to share debt at the EU level.
In truth, if sovereign debt in the EU was shared, just like its currency is, then the Italian government could focus more on investing in the country and tackling the actual issue Italy has, namely low productivity, both in businesses and in government services.
@@michelangelobuonarroti4958 Italy having a strong currency is not necessarily a bad thing tho. People in Italy can be assured that no matter what their savings are in safe hands and wont vanish. This stability is probably much more valuable then the monetary manipulation abilities of a national currency. At the end of the day, a currency is an exchange medium and its misuse by governments to control prices, wages, imports and exports is dubious practice at best and catastrophic at worst. It is of course true that the euro-zone needs a united monetary policy but unfortunately no government is pushing for it right now, including Italy.
@@PhthaloJohnson Oh yes of course, my point was not an argument against the euro, but an argument for EU debt sharing, sorry if that came across in the wrong way
Dang, this aged like fine milk
I live in Japan for almost my whole life and Japan's economy is at its worse in decades
Even my friend who works in Japan complain about its economy situation.
People living in Japan feel that the economy is in recession because they have not experienced inflation since the bubble economy.
@@numkid-d5m
The inflation number shown above don’t correlate to day to day life, where it says 3-4% when in realty is close to 20% in my opinion.
I’m talking about personal experience what I used to do groceries with ¥10,000 now I need 50% (¥15,000) more to buy the same stuff.
@@MiniPunxx If we look at the UK and the US, we can see that the war has led to inflation worldwide.
Japan's 30-year break from deflation was probably a combination of high prices due to the war.
I for one think Japan is at the peak of perfection, and anyone who disagrees is just jealous 🤷
The inflation is not driven by demand but by the supply, which isn't good
Many Japanese people hold their assets in cash. So when inflation occurs, there is pressure to spend cash.
lol this aged well
Instead of changing interest rates (which would probably be ineffective and is not targeting specific sectors - it is monetary policy), Japan can also raise taxes (a targeted fiscal measure) to combat inflation, should it get out of hand. This appears to be a good development.
Indeed, the Japanese central bank has basically been useless for 40 years - best to stay out of it now lest they screw it up
Japans Inflation is supply-side like it was is the rest of the World besides selected sectors in the US. You cannot fight it with standard monetary or fiscal policy
Another tax hike in Japan? No thank you. Consumer confidence was low after the last but to increase taxes now with the double whammy of inflation+massive devaluation of the yen would kill consumption.
One key observation in recent years is the fact that south east asia not only has to potential to up its game, but there is willingness from many advanced economies to move away their production lines from china (one point of failure, especially due to recent political frictions). As much as I love to see Japan to stabilize, I root for SEA's growth and advancements.
Correction: Japan never had the largest economy in the world. During the 1980s it was second to the US.
Maybe they meant gdp per capita compared to other big nations... or it was just another mistake
he did say "richest" rather than "largest," so yeah probably gdp per capita
@@cloudkittI double checked with GDP per capita year by year, and the closest was number 2 in 1988 and 2000. They climbed up from 23 in 1980. They held 3rd most of 1990s. They plummeted to double digits in 2003 and haven’t returned to single digits. I’m not comfortable that “former largest economy in the world” was claimed as fact.
It’s a red flag for unprofessionalism. A documentary should get all numbers correct without vagueness. Such sayings in an intro is a common practice of clickbait content UA-camrs making low quality“Top ten things you didn’t know” videos.
This channel provides semi-professional, yet highly informative analysis, so this hurts their image.
They were about to surpass USA.This inflation and 30 years economical crisis is what USA has done to japan in order to win trade war.USA got jeaolous of japan, he will do the same to china then india.China has started suffering from economical problems.Economists don't think that they will ever surpass USA.
I’m living in Japan. Whatever small wage increases I received is not even close to how expensive everything is getting
comeback? seriously?
it doesnt feel like that for people living here
Prices of everything, including basics increased by more than twice, even raw chicken increased by thrice while my salaries increased by less than 5% . If this is what growth looks like please bring back economic stagnation
The issue is japanese workers are notorious for not asking for higher wages
@@themaster2764 They have the one of the worst working culture in the world
Comparing to other countries, Japan's price increase of things is very low.
I noticed this since I live in Shinjuku and I traveled to the US and Spain.
The increase there doesn't even compare.
私の場合会社、いや業界全体で給与が上がっています。もし本当に苦しい思いをされているのなら転職をされてはいかがでしょうか？
@@emilioperez6888 They aren't used to inflation, they probably felt it nuisance what a average person feel every year.
Did not age well
aged well again, they saw the biggest rise ever in stock market today, and the yen is still growing in value
I am Japanese living in Japan. At least in Japan, the number of homeless people and illegal drug users is not increasing. The unemployment rate is extremely low. Big companies such as Toyota, Honda, Sony, and Mitsubishi Heavy Industries are making a lot of money thanks to the weak yen.
If Buffett starts buying the Japanese stocks - that's the most reliable sign that things are improving.
Although he didn't buy "japanese stocks", but 5 specific companies in the same sector, for reasons that aren't correlated to japan (world inflation in materials, oil ecc.. and cheap valuation)
You can't solve a real economy problem with monetary policies.
As productivity declines, so do real wages, a devaluatory policy only helps exports, momentarily boosting said industries, but at the expense of everybody else losing, and if you dont fix the root cause of the problem, you're just inflating a punctured tyre, similar to what Argentina's been doing past decades, for different reasons.
I dont remember where I read this but it is a silly joke that is fitting here
there are four types of economies: developed, developing, Argentina, and Japan
It is a funny joke but it shows how this type of economic science is not scientific at all
Japan and its companies don’t leverage their brand enough. They own some of the most iconic IPs in the world, yet it’s so difficult to buy licensed stuff, all while they oversaturated the domestic market. Not saying that selling more hello kitty stuff will revolutionise their economy, but it definitely points to an insular mindset in business that is hampering growth potential.
BRO WHAT DID YOU DO
The alarm sound at the beggining of the video threw me off heavy lol
Well this isn't aging well.
Absolutely, yes. Japan had been suffering from deflation.
Mild inflation is the only key for growth of countries. Deflation is the worst scenario in economy.
Worst scenario for investors, not for the average person however.
@@wilberdebeer4696 Worker are also sad because salary will not grow up at all.
Bro hearing about Japan *not consuming enough* and inflation = real wages go up is a little insane to me... this just seems like number going up on paper but in real life it's just Japan now being ripe for exploitation
The alarm at the start was funny,
My gf was searching for her phone to stop it
Japan’s starting to look like us in the US… Higher end businesses are profiting while the average person is suffering inflation.
In Canada, Australia and usa people don't want to spend, but damn prices keep going up
Since inflation is a money supply expansion prices have to rise even if people hardly spend.
Why would you put the phone alarm there i just got ptsd rhfuxiendnxkkw
Okay zoomer
Ptsds nuts
Wow, inflation doing a number on Japan's economy, huh? Maybe it's time to finally put my $87k emergency fund to work instead of just letting it sit there collecting dust. Any tips for a newbie looking to jumpstart their investment journey? Would love to know if Japan's revival could be my ticket to financial freedom, or if I should just stick to my good ol' index funds. 😂"
Hey there! Inflation might be shaking things up, but don't let the hype fool you. Japan's economy has had its ups and downs for years. If you're just starting out, maybe keep your investments diversified instead of betting on one country. But hey, if you want a piece of that sushi economy, why not? Just don't put all your eggs in one basket, right?
I'm in the same boat, looking to start investing but don't want to go in blind. With all these economic shifts, it's hard to decide where to start. Anyone know a good investment advisor? I could really use some professional guidance to navigate these choppy financial waters.
"Navigating the investment world can be as tricky as guessing Japan's next economic move. But hey, I've heard Linda Aretha Reeves is the Sherlock Holmes of finance. Maybe give her a look? She's got this knack for making sense of market chaos. Just saying.
"Looked up Linda Aretha Reeves and she seems exactly like what I needed to get my financial journey on track. Thanks for the tip
Watched Linda Aretha on Bloomberg finance summit 4 years ago and her presentation was terrific!
It’s decreased their citizens’ purchasing power. That alone makes it bad.
This video sort of glosses over the fact that they're getting a tourism boom because the Yen is weaker now compared to foreign currencies, this acts as an automatic subsidy to anyone who wants to travel to Japan or buy Japanese goods, and a tariff to Japanese wanting to travel or buy foreign goods.
They getting tourism boom bc Black ppl know about the Black samurai
@@PacmanBrunner wwww
poopisoft
Well, this video didn't age very good.
No. It imploded stocks.
Japan's economy might improve, but it is shackled by its declining population and aging population.
An economic miracle 2.0 needs a growing work force and consumers.
Why on earth would inflation be good for Japan, when they're one of the largest holders of US debt.
The value of this debt has cratered in response to inflation.
As a person doing research on the Japanese economy, would you be able to tell me how this debt impacts the BOJ. To be more specific, does Japan's debt mean that the BOJ is afraid to raise rates by even the slightest? They claim that they are ruminating cutting bond purchases in the upcoming policy meeting, but that appears ineffectual to me. What is your perspective on this?
@@ab-3983 Japan is still a colony of the USA, and it's doubtful they would be permitted to significantly reduce their US bond holdings.
As for the rates, you can depend on the Japanese and the Germans to work hard to pay off debt, they can get away with overpriced bonds more than lesser nations.
But the reality is a lot of the economic conventional wisdom doesn't apply when your nation is a vassal behind closed doors.
The other day I paid to fill air in my tire. The reason - inflation
seems like the tire deflated first, the result was inflation.
Stories like this just remind me that the entire growth-based model of capitalism is desperately dystopian.
So dystopian people like can't live anywhere else.
Yep. Happy population with ability to comfortably raise families>GDP
The Communist no-growth model ain't better though.
Good info, but just one part where BOJ was "forced to spend billions to defend the currency"
They are "spending", but they made so much profit when they built the reserve say at 100yen per dollar and now selling it at 160yen per dollar lol.
Inflation can not solve root cause of Japan economy. Inflation is reducing consumer spending of Japanese people, which in tern reducing domestic GDP.
Root cause is lack of investment and poor industrial productivity. Without healthy investment, no GDP growth. Population decline is only secondary cause.
Productivity stagnation is first, root cause. So inflation does not help investment or productivity.
But deflation partly led to a cost cutting mindset among companies, as customers are not expected to pay extra for the added value, and hence necessary capital for investment.
@@steinwaldmadchen That doesn't make sense, you don't spend more because your savings are gonna be 5% less valuable next year. You spend on what you need and what you want. Besides, if you can build up savings faster, you're gonna be spending more on more expensive things, like housing.
If the spend is driven by the gov, with that income from inflation, then is gonna be wasted. So even that means less growth than just 0% inflation
@@BlackDragon-tf6rv I'm not talking about consumer side - but producer side.
As customers are not expect almost any price increase, companies had to maintain it even when external costs increase - so the cost cutting must happen in somewhere. . That combined with a cash reserve mindset caused by debt trauma and multiple other factors led to almost constant cost cutting and usually it's salary (or employment) and R&D that were sacrified. While Japan's work environment has been hostile, many of the horror stories actually came from the start of the century, when the economy was so bad that current and future employees literally had to beg for work.
While that works in the short term, the economy be weaker in resilience in the long term.
@@steinwaldmadchen No, Japanese firms toiled very hard to cut cost during long stagnation/deflation. Price hike is last resort to fight inflation to them. So inflation or price hike won't induce large investment, due to weaker consumer demand. Japanese consumer is not spending more, but They are reducing spending due to inflation without corresponding income boost.
Inflation hasn't saved the Japanese economy, the truth is the Japanese economy was fine before, it's fine today, and it'll be fine going forward. The fear mongering was always overblown.
The alarm bell sent me into fight of flight
That alarm put me into fight or flight mode
30 years of deflation... Food is inexpensive and healthy. Housing is widely available and affordable. So terrible.
6:18 Investors: "The Japanese economy is now super cheap. Scratch that. I mean revitalized."
A cheaper economy means easier to invest in and high income from it if the growth goes well.
Is this a prank with that title 😂
JAPAN 🎌
People on the ground do not have such an optimistic view compared to this video. Why do I keep seeing a lot of "Why Japan's economy is finally growing videos" juxtaposing all these China collapsing videos smh
If you dwell in Japan, can you tell me the present state of the Japanese economy from your perspective. Would be much appreciated.
I’m Japanese and work for 商社(a trading company) and my bonus tripled last winter. Weak yen is heaven for those who work for traditional Japanese companies😀
Does inflation motivate you buy things in Europe? Do you know what was price of bread 2 years ago? No, you just buy it.
Inflation needed for government and corporations who borrow a lot of money to depreciate their debt.
Main problem of Japan that central bank bails out everyone, and they don’t allow bad investment to bear the consequences
this is what happens if you only rely on internet to do your research
if you actually live there you will know it has never been worse than now and it will only continue to get worse
Do you dwell in Japan by some chance? If so, would you be so benevolent as to provide me with an insider on the present state of the Japanese economy. The BOJ claim they have a solid strategy, but I am not one to believe as such. It would be appreciated to hear from the prospective of a citizen in Japan.
@@ab-3983 As far as I know, BOJ has intervened the market for the 3rd time recently since 2021 after yen to dollar hit 162 yen in order to lower it back down to 155 per 1 USD; they are essentially emptying their piggybank to stop their currency becoming worthless. The thing is, they only have a limited amount of foreign currency saved, and despite efforts they are just slowing down the inevitable.
The depreciation of Yen was a result of Abenomics, which intended to lower the value of Yen by printing money like crazy in order to make Japanese exports more affordable while making other statistical values look pretty on graphs; on paper, exports thrived however imports on the other hand also became more expensive which made the people who are living in Japan relatively more poor as they now had to pay more for things all things import, like iPhones or food. Now, since wages have not changed significantly but everything else in Japan is more expensive which deters people from working low wage jobs, and to fill this gap, the government has been lowering the barrier of entry to work in Japan since 2019 to fill this labour shortage with foreign workers. The ssw1 visa was introduced basically as a pseudo permanent residence but even after this, they are not able to get people to come to Japan to work as Yen depreciation meant less money to send back home compared to 10 years ago; Japan is no longer a place of choice for foreign workers simply because of harsh working conditions and low wages (on top of this the whole country is still VERY analogue in this digital age so efficiency is poor)
At this very moment numerous businesses are also going out of business, due to the reasons above (shortage of staff + higher cost of maintenance) and even if you were of the working populace in Japan, in about 10 years when Dankai generation 'retire' you are going to be paying hefty taxes to support their retirement. Speaking of generations, right now 1/3 of the population is considered old, and it is only going to get worse from here when essentially the baby boomer generation of Japan hits retirement age. I am going to also include that Japan never really had an answer for the ice age generation (basically shunned them and pretended they never existed) who were born between 1970-1984 who could not find jobs after the bubble burst and since remained unemployed and now too old to find jobs anywhere. The final nail in the coffin is dropping birthrate every year, as no one in their right mind would want to have kids right now, as they will grow up to pay more taxes than anyone ever did historically, no guaranteed retirement or superannuation scheme for when they get old. Not to mention to get married in the first place is impossible as they need to make 5000000 Yen per year but most of the populace is making less than half that.
Sorry for the wall of text, I lived in Japan since 2010 but around 2015 things were already looking very bleak.
@@ab-3983 Salaries have not risen as rapidly as in the United States, and take-home pay has only increased slightly due to increases in pension and medical insurance premiums and taxes, but the working hours of the Japanese people around me have clearly decreased over the past decade. I am an employee of a prime company listed on the Tokyo Stock Exchange, and this year all employees received a monthly base pay increase of $200 in addition to their regular salary increases. If you include rent subsidies, even as a new employee, should have at least $1,000 at disposal to spend on things other than survival.
Over the past decade, the working environment has improved so that Japanese people who graduate from university and join a regular Japanese company, even if not a top automobile company, can balance their work and private life.
I don't know what the Bank of Japan's policy will be. I believe that as more nuclear power plants come online, resource imports will decrease and Japan's current account surplus will likely be maintained, and that for the next few years the Japanese government's domestic and international policies will probably not change for any reason other than the whims of the US president (even if there is a change of government in Japan).
If Morgan Stanley thinks anything is good ever, that's a red flag lmao
I don' believe inflation is good for Japan. The country is notorious for lacking native materials and relies heavily on import. Weakening the yen would only cause trouble.
All the Bank of Japan has to do, at least, according to the information presented here, would seem to be to just raise interest rates to 2% and hold it there for the next five to ten years. Let the cost of money start to increase so that the prices, at some point, HAVE to rise. Zero interest rates seem to have become a barrier to inflation.
Thanks for this, now I understand why the USA will never have a deflationary period.
So far, there has been no change in my life in Japan. The salary is low, but the cost of living is also cheap, so I have no complaints for now.
If debt is so high that interest rate hikes are crippling, then inflation is a better evil.
This is why they should give out UBI with the stipulation: New money/credit is created only when you spend the money; you must spend the money in order for it to come into existence.
This UBI needs to be protected from debt (and debt collectors) - as mentioned in the video it's bad if that additional stimulus is used to pay back loans rather than on spending and investing.
@silikeite True. I knew I forgot something.
Listened to this video on my bike with only headphones on. I assumed the alarm was a production error and started laughing
I've been looking for a news magazine to subscribe too, the release of your magazine is just perfect.
if i hear that alarm sound again im not watching this channel or any subsidiaries of the channel again
Is it only graphs they explain ? Cause half the time I can look the graph and don’t really need them 3 minutes to explain me what is happening.
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $440K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly.
I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $510k portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you.
“Iynne Marie Stella” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find Her handler, She seems very proficient and flexible. I booked a call session with her.
Dropping rates and rising inflation triggers not only change in behavior but also a huge transfer of resources. A good economist would start from there to justify any benefits. To simply tweak the levers and claim it is working is not science, and drove entire nations to destruction
As a Japanese, I think that "comeback" never came and it won't.
In your opinion, is the BOJ lying about being able to achieve a "growth cycle" and is the future economic trajectory (as well as that for the Yen), positive or negative.
@ab-3983 In boardly, I think now we're facing "Stagflation" definitely.
In the first place, this problem has lasted since early Heisei era. Some experts pointed out the stagnation of our economy since then.
e.g. Japanese net salary decreased YoY 27 monthes consecutively until this august. BOJ excuse regarding rate hike is undecent.
That problem never changed, continued throughout several decades.
All such rediculous problems was caused from lack of detemination of ourselves .
And such lack of determination has started while allied occupation.
In such aspect, this bad tide would not change in short term.
P.S.
And well, BOY is lying definitely, and now and future environment is negative for Yen currency.
@@ROUKWA_S The stock market went into a state of bedlam 2 weeks ago. More than anything, I think that the probability of Japan's collapse (via bank defaulting, carry trade unwind, hyperinflation, unpeopling, etc.) is augmenting with each passing week. The G7, in general, is balancing on a tight rope right now. A collapse may be coming, and it will not be a forgetful one at that.
@@ROUKWA_S There are no doubts about that, especially when observing their incessent rhetoric regarding interest rates.
Japan is in for a tough time
With government debt over 200% GDP if the rate jumps just one percent thats an extra 2% in government spending just for debr servicing
It's bad, but not as bad as it looks at first glance, since the majority of that debt is owed internally.
A company apologizing for raising prices through ads should happen more often.
Japan inflation does not help residents as 60% of food are imported. Import of oil, animal feeds also increase due weak yen. Price increase cause reduce in food consumption. It's better to have deflation and stronger yen
I’m literally just leaving Japan. Had a fantastic time. I can’t encourage enough people to visit.
@@serherpvonderp6634 visiting and living are two completely separate experiences
Do they treat Black ppl right???
@@PacmanBrunner as long as they don’t act like Jonny Somali
@@serherpvonderp6634 that boy funny lls I saw one his vids he wild out there
@@PacmanBrunnerdon't come
Another consequence is that companeis are not doing as much R&D, further affecting future gains.
No, its not. Most of the inflation comes from the highly increased tourism and foreign investment, which has driven up prices of everything. The problem is that wages aren't rising in return, which means it will cause an already conservative country to be even more conservative. This is a country where the CEO of a popsicle company had to apologize for raising the price of its products by 10 yen.
The Japanese are extremely adverse to raising prices, and this includes wages too. So while companies may be experiencing higher profits, it doesn't mean the people on the ground floor are experiencing any of profit.
So unless the data shows wages are increasing as well, its going to be a bad thing, because unlike the US, where people go into massive debt to keep up their consumerisms, Japan does the opposite. In economic hardship, they just simply spend less and save more.
Average wage going up might sound like a good thing, but if its only because an executive raised his pay, then it doesn't mean much. The median wage increasing has to be the most important part. I don't really see this as a good thing until wage data shows that the median wage has increased equivalent to the inflation.
If it doesn't, then it just means Japan's economy got worse. Not better.
edit: grammour
That apology ad of mass bowing was low-key hair raising 😂
Japan started out with a low Jen and started getting in trouble once the us changed monetary policy.
Japan is still a strong 1st world countrie. ..... most likely with better infrastructure and average standard of living than the us.
@@vardekpetrovic9716 Nobody uses that definition anymore other than historians and your grandpa. Language evolves, word definitions change over time.
My question, is it really that detrimental to Japan to have stagnant price and inflation rates? We say these things are bad because of the effect on economic growth but what has happened to standards of living in Japan?
Because every western country I can think of has standards of living dropping over the past decade and we've had no problems generating higher GDP and inflation. But numbers on a spreadsheet don't really mean anything if no one in the west can afford to support a family anymore or buy a house, but Japanese people are happily stuck in a 80's/90's era standard of living with no changes on the horizon.
I do agree with you. I think the issue is that stagnation isn't only prices. No one is investing, trying new things, or growing, and Japan needs to attract workers from overseas (and treat them well), but the pay and work life balance just isn't appealing. The joke is Japan was in the year 2000 in 1990 and hasn't left. But the standard of living isn't bad. In a magical world, prices would stay cheaper AND Japan can still grow and thrive.
Yes… losing purchase power is awesome! 👍🏼👍🏼👍🏼
The goal is to have workers also negotiate higher wages and devalue debt. It's just that people aren't ready enough to take on debt to start a new business or the likes - that fear of debt causes a less dynamic economy even though japan has one of the most educated populations.
it's generally agreed that 2% inflation helps everyone, people who take on debt have a lesser burden down the road, it encourages making investments now rather than later, and makes it so more money is moving around in the economy and not being stored as currency
losing debt - as well. And if you have a LOT OF debt - inflation is the best way to deal with it
lol. "Inflation is good" Inflation is too complicated an economic impact to put a moral category on it. Anyone who says it's good is selling you something. Don't be Naive.@@ayoCC
@@ivani3237 Inflation is not what loses debt. A large part of Japan's debt is in yen so if the value of yen drops, so does the debt. Also inflation is really really bad for Japan since it can spiral out of control and Japan doesn't have many options like other countries do like raising interest rates
@@sharpasacueball the only alternative - is bankruptcies. So almost always govt choose inflation instead of default