@Dan Caffrey The hell are you talking about? Japan only started properly limiting overtime hours in late 2020, and productivity started to decline long before that. And even then it's not being very effective at implementing those limitations out of sheer cultural inertia. As they already said, the lack of Japanese productivity is because the country is so obsessed with "working hard" (the famous 頑張る, "ganbaru") that they forgot about "working smart". So they work an insane amount of hours that produce nothing but pointless burnout.
Yeah. According to polls, Japan’s working population has 1/3 or about 30% of it being part-timers or entrepreneurs who don’t stay with big companies for more than a few years. Between that and the aging population, things are going to go downhill quick. I’m planning on moving to Japan after college and the best way would be as an English teacher, but the channel Abroad to Japan tells of how grueling even that job can be, so as soon as I get a teaching job, I probably would be getting ready to transfer to a new job as soon as legally possible.
TV Tropes page "Japan takes over the world" has a breakdown of the plight of Japanese workers today under the analysis tab. Short version is that Japan's lost decade, which the US is now replicating, resulted in zombie banking institutions, and the labor force being chronically under employed such that the sons of men who worked 40 years for the company cannot build a career because they end up changing jobs every couple of years due to a lack of steady work at those institutions.
Imagine being China looking at Putin invading Ukraine and seeing the EU *and* Japan suddenly being geopolitical players rebuilding their militaries again. Must suck to see your plans to global dominance being messed up by one guy in Moscow.
Nicely put - my Chinese freinds, see chaos as a ladder - more like chaos is an opportunity. He says it will be tough for china - but a rising EU and a rising Japan will mean more room for manuever as time passes by because difference in interest will arise though values may be the same. Interest trumps values so over the long term, if china endures through - they will come out stronger.
@@plendafuture7451 that is the same strategy that Putin tried before the invasion with the EU. and look where it got him. fool me once, shame on you. fool me twice, shame on me.
Japan pretends to not have an army but its so called self-defense force is one of the most powerful in the world with advanced jets, tanks and carriers.
I learned a LOT from this video, because I didn't understand anything what Kishida meant as a "new capitalism method". And I'm a native Japanese speaker lol
Yeah, I was also confused by the “New Captialism” idea. Personally, I doubt he’s staying in office for long. Besides his economic policy not doing much if anything, his rise of public support for around 60% is due to how the government is pulling back on Covid restrictions and is taking in Russia via economic sanctions. On top of that despite doubling the budget of the JSDF, public opinion is still divided near-even on amending the Japanese Constitution while it is still unpopular to deploy the JSDF in overseas combat missions. Meanwhile support for the Okinawans to get rid of the US bases is growing, even if at a slow rate. All in all, I think Kishida is really only benefiting from the current two international incidents. It may not be long until the pandemic ends, the war in Ukraine is dying down into a stalemate, and there is still a lack of majority public support for amending Article 9. While the LDP still won the election last year, they did lose about a dozen seats. Don’t look now, but I think this is the beginning of the end for the LDP. A few decades from now, either the Constitutional Democratic Party or the Nippon Ishin, the two most popular left and right wing opposition parties respectively, are going to be running the country. With citizens being supportive of having a female empress and of other policies the LDP is slow to act on, it may be only a few years later that mass frustrations will be seen in elections.
@@Kabup2 The video said the admin wants to _reduce_ tax while increasing the minimum wage. Presumably the money the companies will save from lowered taxes will be passed on to the workers. It's a better strategy than US' shit show where corporate taxes are lowered but minimum wage stays the same, so the oligarchs pocket the difference.
I've been living in Japan for almost 20 years. I saw many PMs, each of them with huge plans to change Japan. But I didn't notice any changes in my everyday life. Same prices, same taxes, same rules.
Japan needs cultural reform as well as social welfare reform. Japan's economy is based on its domestic consumption, and of the govt does not make strong changes, the economy and their influence will weaken beyond repair.
@@noahway13 hmm. it has nothing to do with gender dominance. Japan is known to turn its money back into its domestic economy which has both stagnated its growth but also somewhat protected it from external influences.
No. Their economy is not by any means based on its domestic consumption. Some of the most global companies on the planet are Japanese. And Japan as a *WHOLE LOT* of them.
How is Japan, the country mastering robots, failing at worker productivity? From personal experience, how many hours I work in a day does not correlate to how much I do in a day. Most days I do what I am paid for, and then fill in the rest of my time to make up the hours. If all of Japan is doing this, then that is failure. Companies ought to be looking at salaries/job sharing/free time/work from home arrangements.
Actually I always asked my self how the domestic political situation in Japan is. Cause obviously, it isn't really commonly discussed in media and (my) daily life. So thx a lot for the vid.
Japan is already a major player in Asia Pacific. Doubling down and even removing the constitutionally-mandated pacifism will make it more so. Honestly? It's a good thing. See, Russia and China (correctly) saw us as decadent, disorganized, greedy, diplomatically overly-polite/cautious, and often have dysfunctional, paralyzed domestic politics. I think they're largely correct. Where they messed up is thinking we weren't ready to fight to the death to keep it that way. I look forward to a South Korea and Japan that feels confident enough to stand up to China's bizarrely aggressive geopolitical strategy.
I too look forward to the day that Japan and South Korea can let bygones be bygones and stand united against the Dragon pretending to be a Panda. And I also agree with you that just because the West has become decadent on its largess doesn't mean it is weak. Though it remains to be seen how long that lasts with the current leadership of the West.
@@davidford3115 I think we agree. What I meant was think about it this way; during the height of the Cold War, US put 9%ish percent of our GDP into military budget. Today our military budget is around 740ish billion dollars... Which is about 3.5% of our GDP. That means if we wanted to go back to THAT era, we be spending more than 2 TRILLION dollars PER YEAR. I don't say that to mean we're weak... I mean we're STILL by far the most powerful and we're only giving it 1/3 of our effort.
huh ?us even gave up afghanistan lol, do you have an idea that today china is at least 100 times stronger than taliban?men power,tech,cash combined. china did fought usa in korea when they were super poor 4th world. result tie, korea splitted into two
@@andia968 the US left Afghanistan because we didn't to have bases in the middle east to secure oil anymore. Once we got our own security, we stayed for the Europeans. When Europeans replaced their consumption with Russia, we left. We spent 10 trillion dollars in 20 years there. That's expensive. We also make 20 trillion in ONE year. China is too afraid to even invade Taiwan. They're a paper tiger
@@headoverheels88 Indeed. As one foreign commentator observed, not since WW2 has the US put its full effort into a war. We have ALWAYS fought with one hand tied behind our back, often using our off-hand. Most people don't realize that.
The Japanese workforce suffers in productivity compared to eu because they suffer from transitory burn out and to much of a focus on traditional work structures where you advance base off of time and a lower ranking person in the organization can't make calls and be more fluid in that system.
One might get the impression from this video that Japan doesn't really have much of a military capability currently. In fact, they very much do. Japan's current capability, depending on how you measure it, is somewhere a little north of the UK and France -- with Article 9 still in place. It is time for Japan and the RoK to put the past behind them. A more potent Japanese military force does nothing but good things for S Korea's security.
@Bhawko Karolasa - Japan's area is too small for ... _what,_ exactly? I don't think anyone is saying that Japan could replace China as _the_ major power in the region. But it could certainly change the calculus for China were Japan to develop its military to its full potential.
@@dk.magic.mobile108 - And South Korea and Japan don't need nukes to burn Pyongyang to the ground. The DPRK's forces would be badly outmatched. But I'm not sure what you're point is. An increasingly strong Japanese military would definitely throw a wrench in the works for China, in the event they seriously consider military adventures in the region -- e.g., invading Taiwan.
With the safety net and increased wage, it would also solve the decline of population in Japan. Japanese people are reluctant to populate because of financial burden from ever increasing inflation, cost of living, stagnant wages, toxic work environment, lack of beneifts, and long hours of work.
"The new prime minister wants to create a Japanese-style market economy, effectively reinventing capitalism itself." Lordy, this is not gonna end well.
The US, UK and Japan... and France are the most important and powerful naval powers. We all agree on China, Russia, and (insert authoritarian state) being a negative influence on everyone
DEFENDING OCEANIA is naval powers yes. BUT Asian mainland NO western allies in Asia cant be protected by naval power alone. outside of protecting coastal cities sure. we need a PTO. the Asian NATO or the PTO PACIFIC TREATY ORGANIZATION.
We are... South Korea, Japan, Taiwan, Vietnam, Indonesia, Malaysia, New Zealand, India... all agree its better to attached to the US as opposed to a Chinese overlord.
The boring Japanese politics does not mean paralysis. These radical changes would cause political chaos in other countries, in Japan, they build consensus very slowly, and once decided, will not overturn it. Japan is not currently suffering from the serious divisions that US and EU countries are suffering from. Devilishly difficult-to-learn Japanese language prevents manipulation of public opinion from abroad, The (notorious) loyalty to family has its virtues in preventing young people from being drawn into toxic ideologies left or right. and don't forget about tradition of regard each other' s honor and avoiding argue confrontation (but certainly not the rational way to resolve hot issue) These work to Japanese still has steady and reliable its own democracy despite many problems (which is a very blessing, I know) very difficult for the observer to forecast. but what can be said they will never again return pacifist to good friend of China. because they decided to do.
@@dxelson You know, western countries are affected by Russia's large-scale manipulation of public opinion, Likewise, South Korea, Taiwan, Australia, and other Asian countries all suffer from Chinese manipulation of public opinion. The only exception is Japan, which has seen no interference from foreign governments. I have difficulty in explaining why, but I've heard it's because the Chinese who know Japanese well are too busy subs new season anime so hard answer call for patriotism.
@@evandugas7888 I agree, but I was making the comment because the original commenter was insinuating that Korea is more influenced by Chinese bots than Japan because of the easier language, which is blatantly false. If anything, Japanese with its usage of Chinese characters in the script is far susceptible.
As a Japanese, I find many accurate observations described here in the comments mirror my own. But I think some are broad generalizations that just reveal the tip of the iceberg. They are not wrong but not representative of all workplaces. Some small companies and organizations are really trying hard to break free from the asphyxiating business climate here. The enduring economic and spiritual recession is caused in part by a backward feudal period mindset that favours apathetic bureaucracy and lack of professional accountability over productivity and progress. In some workplaces it’s worse in terms of labor conditions, especially for non-Japanese laborers. The “shiny”Japan, with all its advanced technologies, manufacturing, cleanliness, and orderliness, is a kind of illusion of what’s really happening beneath the facade. As a Japanese Marcellus might say in a local version of Hamlet, “Something is rotten in the State of Nippon.” I know that’s ambiguous but the “stench” in society and government is unmistakeable. And to those expats living and working in Japan who have no idea what I’m talking about……lucky you. Stay blissful. Enjoy your time here while it lasts.
Totally understand your point, it takes time for foreigners to observe it themselves. I hope Japan will overcome these things, but this will also require time and maybe some hardships to understand what needs to be changed.
Japan is not very productive ? In the 70's and into the 80's they were out producing the rest of the world . A country the size of California out producing the world. They are remarkable people .
But they haven't moved on from then, adopted new technologies in the work place ect. They would do better to work like the french, the more hours you work over 4/5 in a row the less productive you get.
The UK is the size of Michigan and kick started the industrial revolution, it doesn't mean the UK is still the world's most developed country. Japan and Britain are great but they need to continue to innovate to remain so. As will America, China etc etc
That's figured on a per hour production. The Japanese have an odd belief that spending hours upon hours at work (whether you're doing anything or not) is somehow good. So they work far longer than they have to. That kills their productivity PER HOUR. In turning out goods, they're great.
Japanese expansion will remove a lot of pressure on the Indian Navy as currently Chinese navy is expanding very fast in the Indian Ocean as there’s no counter weight in East and South China Sea. If Japanese navy becomes powerful then china will have to deploy significant resources to match Japan. This will give India some breathing room in Indian Ocean
@@phunk8607 I don't doubt Vietnamese fighting spirit but joining great naval powers conflict with small fleet of six Kilo-class submarines, frigates and corvettes is nothing short of an elaborate suicide
China's navy is doctrinally weak. They have equipment and manpower, but haven't shown an ability to manage naval affairs like a great power should. And blackmailing your debtors to get over sea's naval bases only works if you are the US and sell the idea better than the Chinese are capable of.
South Korea and Australia could do that too, but haven't. While other countries like France (has Pacific territories), Indonesia, Malaysia and to a large extent the Philippines may as well spread their buttcheeks to China.
Japan defeated giants like Russia and China and gave a bloody nose to USA. When every one was thinking that hirosima and nagasaki was end of Japan. This country again rose up. Respect Japan from India
They need to fix their constitution so they can do their share of Asia Pacific defence. It's been 80 years since WW2 and the geopolitical situation has completely changed. Japan is a necessary part of an emerging Asia Pacific alliance.
Seeing how country after country build up their millitary, inflasion, social unrest, world conflicts on the rise, global wariming, shifting global powers, and so forth, no wonder i'm depressed
It's quite misleading to present joining the TPP/TPP11 (Trans-Pacific Partnership) as an unconditional positive for Japan and describe it as a simple trade agreement. There's a reason why millions protested against it and the US withdrew from the treaty: it significantly reduces rights to privacy of citizens while putting large companies de facto above the law of individual countries.
If there's one country you never want to go to war with, it is Japan......(1) There's no people in the world who's more willing to die for their country than the Japanese. (2) Japanese people and society are highly disciplined, the most important ingredient for a strong military. Fact is without the 2 bombs dropped on Hiroshima and Nagasaki, Japan would never surrender.
Your analysis is in the wrong century. Imperial Japan didn't just happen to be aggressive, it was taught in the education system and reinforced culturally and ideologically.
I was listening to Josh Vietti’s violin hip hop mix just before I clicked on this video and the transition from that song to this intro 😮💨😮💨😮💨 I almost melted
If Japan was serious about reform, do the following: Resolve its border dispute with South Korea. Start drilling for more oil in its economic zone. Have its oil companies explore for oil in Africa. Build more nuclear power plants and geothermal plants. Provide tax breaks for companies to invest in facilities in the rural areas of Japan where land is cheap. Incentivize workers to move to these lower cost areas with their jobs. This would boost the real income of the people.
Forgive me but what border dispute does Japan have with South Korea? If you are referring to the Dokodo/Takeshima dispute, that is a rather minor spat over a few rocks that barely rise above sea level at high tide. I do agree with most of your other points. Only observation I will make is that the rural areas of Japan are not particularly conducive to building large factors and the like. 75% of the country is steep mountainous terrain which is why the population is concentrated on the Kanto Plain around Tokyo as well as the other lowland metro areas.
An addendum to this - they can also unfuck that shitty productivity figure by working normal hours and just telling people 'Find ways to get it done in those hours' - once that unecessary box is removed, I imagine that more creative and productive solutions will start to crop up, as people will smash out their work to get to go out and live their lives. Might also solve the major depression related health issues they have, which would be a good look on the world stage if they took wellbeing and happiness of people into account. They'd probably mitigate much of their birth rate issues with that as well.
@@Nucl3arDude That sounds good in principle, but smacked face-first into certain cultural proclivities of East Asia. First and foremost, employees are expected to show up before their immediate supervisor and remain at work until after that supervisor leaves. In practice, that means that the junior most in a corporation is expected to arrive as much as three hours before the senior executive arrives. And will remain there as the mid level manager slowly trickle out according to rank in the company after the senior leadership leaves. The West has a radically different perspective of work hours than Koreans and Japanese do. Appearances are everything, so even if one is very productive and gets all of their work done, rather than go home early, they are expected to find something to make themselves look busy until the boss goes home.
Japan's border dispute with Korea is least of their problems. The main problem is recognizing the war time atrocities and tell the truth in Japanese history books.
@@davidford3115 the 'staying until the supe leaves' doesnt happen as much these days. in fact its the opposite - paid until 6pm, so you're out of your seat at 5:59 and out the door having a smoke at 6:01. perhaps it still does at the more upper end big names, but the various SMEs i've worked for people just left whenever, not because the boss was still there. of course they'd still be there until the last train if they still had work to do, but that is due to poor efficiency and lack of productivity during the day, no doubt caused by a lack of sleep from being in the office until midnight the previous day, and every day...
Lol. They ARE!!! geopolitics yo! The US is simply the "we will win guaranteed " part. As an American we are used to being a nation that doesn't care but are drawn into BS. All world wars, Korea, Vietnam and the middle east. We. Are done with this game. The most dangerous reality is America going home.
the Asian NATO or the PTO PACIFIC TREATY ORGANIZATION. member states will be. mid 2020's. AMERICA. AUSTRALIA. INDIA. JAPAN. S. KOREA. TAIWAN. PHILIPPINES VIETNAM. around 2035 or pre WW3. SINGAPORE. BANGLADESH. NEPAL. BHUTAN. MONGOLIA.
I really wish people would stop throwing around the title of “super power”. It’s so overused and misused it’s almost lost all meaning. That aside great video learned a good bit about Japan’s new PM.
@@jahjoeka lol the US is slowly losing that title too as they become more isolationist but clearly you envy their title since you brought it up. Superpowers aren’t normal in history they are exceptions.
@@NewNewColt America, isolationist? Where? Only Drump wanted to withdraw from nato and that's because he was Putin's puppet. And throughout history there's always been super powers. The Dutch, then the British just to name a few from history.
Once again, great theatre from the Japanese government. The once productive and work mentality are gone. Aging society, weak yen, stagnant economy are the issues. This further entrap the Japanese and other Asian countries to do the work of the USA. A big thank you should be send by all US arms production companies to Japan and others for keeping the increase in profits for years to come.
God, doubling down on keynesian economics and increasing government role in the economy will just make the situation worse... I guess suffering poeple doesn't matter as long as the politician's get more power...
What people don't understand is the larger your army, the more drained out your defense budget will be and less quality equipment. Imagine having to spend for 2 million troops instead of 1 million troops with better equipped personal
The key point to stop China is put back factories to Japan and bring back some to the states. Also helping better relationship between S.Korea and Japan will bring huge benefits in military, manufacture, economy, and tech for every countries but except China and Russia.
In fact, South Korea is at the top of the list of countries that hate Japan the most, and the war crimes committed by Japan in South Korea are horrendous. What you suggest is totally out of the question.
Thanks for your content. Its bad enough that UA-cam puts ad's before, during and after a video, but for you to add your you are sponsor it go's to far.
8:12 - 8:47 - 9:06 LETS GOOO 👏🏾💙🙏🏾✊🏾🥳 excited to see the added diversity of innovation/etc this may bring into the collaborations between the squad. #squadgoals 🇺🇸 🇯🇵🇮🇳 🇦🇺 🇰🇷 Not to mention Germany change of stance in regards to collective security with reaching a 2% goal. Freedom isn’t cheap, but it’s worth it 🙏🏾
Indeed. That is Keysian neo-Marxist economics. And just like its predecessor, does more harm than good. Art Laffer proved that. So did Karl Meneger, Fredric Hayek, and Fredric Bastiat Baistait.
@@davidford3115 It’s because they want inflation. Little inflation in Japan has afforded more stable consistent lives for its citizens but the bankers, corporate fat cats don’t want that, they want volatility, high inflation and unpredictable markets for all because it’s more opportunity to gamble and win big, and yet the people of Japan over the next 30 years will live more unpredictable lives financially with cost of assets going up up up. In America buying a home right now is akin to gambling. Will it go up? Will it crash? This is almost every asset in the US. I’d rather make 30k a year and have milk be 1 dollar for the rest of my life, than get 10k raises but have milk rise 10% a year. Even if I’m getting rich, I’d value the stability over the volatility any lifetime.
@@astrahcat1212 Agreed on almost all of those points. And Thomas Jefferson warned about the bankers acting like gamblers. He saw Alex Hamilton (father of the US Federal Bank) doing exactly that in conjunction with Henry Knox in Massachusetts sparking Shay's Rebellion. And then repeating that same dirty game in Pennsylvania with the Whiskey Tax, begging "big Daddy Washington" to save him. Same story since antiquity; wannabe feudal lord abusing the peasants and merchants who butter their bread by manipulating currency and the markets.
I respect Russia 🇷🇺 , China 🇨🇳 , North South Korea 🇰🇵🇰🇷 and Japan 🇯🇵 due to their cultures and their militaries as the strongest impacts throughout Asia, however, The United States 🇺🇸 has to aggressively meddle in their governments whose abusing the people’s concerns to enrich their financial opportunities. If war does occur, the fault are the Americans spreading chaos and fear shattering international politics.
@@josephcosta1446 the world is becoming more of a chaotic scene because there’s a country or a shadow figure creeping politics that’s upsetting where we’re at.
An increase in public spending is a terrible idea. The multiplier effect isn't equal between different types of spending. Cash give away programs and excessive social spending usually ends up cause a net decrease in the country's prosperity. With the bottom shouldering most of the losses.
I'm Japanese, but Japanese companies are being bought more and more abroad, so Japanese money is flowing abroad. You should spend money in Japan. And although the government should protect important Japanese companies, the government is corrupt and will not take any measures. And the government is still trying to continue the lost 30 years.
This has nothing to do with "dictatorships". Maybe those countries would consider not printing so much unsecured money so they wouldn't have to justify every weakness and need for reforms and "wealth redistributions" with "dictatorships" in other countries.
I like Japan's foreign affairs & military goals, but his economic plans resemble Gerald Ford issuing "Whip Inflation Now" buttons, in the mid 1970s, to combat the US economic troubles at the time. Yes, I'm old enough to remember, as I was graduating high school, around the time he lost his re-election (actually just election, 'cause Nixon) bid.
They may be shrinking but they still have millions. Also ships and jets are probably where they're going to put most of their money in. Along with Special Forces .
Military doesn’t take that much personnel nowadays. As we see in Rus Ua war even Russia focused its effort in 100-150k people and even then many of them don’t have equipment to be useful
they need to change their work ethics.this rhetoric of stying in work until the boss leaves and not taking vacation days cause its "abandoning coworkers" is absolute bullshit. spend less time at work, but have the time be more productive. its healthier and more economically viable
Yes, but that runs DIRECTLY counter to the whole of Japanese culture. Ultimately, the Japanese people need to redefine literally what it means to be Japanese, which is not going to be quick or easy. Change is happening, slowly, and as more Japanese (especially the younger ones) get more exposure to the outside world, the rate is accelerating, but the cultural inertia is frickin' HUGE
@@talltroll7092 i think going to "weird work ethics are what japenese people are all about" is going a bit far. its PART of their culture, but by far not their entire culture. its inefficient, unhealthy and unpleasant.
@@dervakommtvonhinten517 It's not that work ethics are what Japanese are about, but that being traditionally Japanese automatically gives rise to those work ethics. All of Japanese culture is centred around the prioritisation of the group over the self. You do not inconvenience others for the sake of your own selfish desires, and if that means working until you literally drop dead from overwork, well, at least that death demonstrates your sincerity.
@@talltroll7092 well they arent sincere at all since a majority of the work day isnt spent working. and nothing of what i said contradicted that. if the boss just goes home earlier and vacation days become mandatory the major work related problems might be solved. no more unnecessary sitting around at work and if vacation days are mandatory then it would be selfish to endanger the health of the company by risking fines NOT taking those days off.
@@dervakommtvonhinten517 >> well they arent sincere at all since a majority of the work day isnt spent working That's not the point. Like, not even close. Did you know that Japanese law was amended recently to define the standard work day as 9 - 5? But, it included provisions for "voluntary overtime"... so, everyone (or everyone who cares about getting promotions or bonuses) has to show their sincerity by working "voluntary overtime" that roughly matches the hours they were doing before the change in the law. Because the group, (the company, in this case) comes before the individual, and it is selfing and unJapanese of you to put your own needs first, and the same for "voluntarily" working over weekends, and not taking nominally available holiday time that isn't socially approved (there are certain times of year when Japanese take time off, mostly New Year and Golden Week because in addition to the "work" group, Japanese are expected to fulfill their filial duties to family. Guess what most Japanese do during New Year and Golden Week? Yep, go see family, because the earache that would result from not doing so might well drive them to suicide. I am actually not kidding there. It is a thing that happens)
to be fair, the entire reason productivity is so low is because they force people to work so much. people are forced to sit in the office spinning their wheels because "it's just the way things are done" so if companies are forced to increase wages, but then cut hours to compensate, then people will have roughly the same amount of money, but actually have personal lives to spend it on, inducing demand.... that and almost all economists advocate higher wages regardless
His goal is to make some shake for the two years possibly in office and people are going to be literally "scrambling" to find solutions through all these gaps. It's going to keep the Japan nation quite busy on growth and savings
Japanese Yen is already in serious problem , it has been weakening agt the Dollars for more than 20 years , it is the largest US Treasury bond holder , US ability of bailing out Japan at current times with crashing Yen will be fat hopes, should it go to war , it need to dump US Treasury in large quantity it would have a ripple effect on the Western power with massive hyperinflationary issue. a kinetic warfare will bankrupt both USA and Japan on its own weight.
I wonder what a Japan-South Korea Bloc similar to the EU would look like. Not that I would happen immediately (if at all) but an interesting thought experiment.
Japan's Prime Minister is not doing anything new. He is doing the same old failed Kensyan economic policies of past US administrations. It will have the same result, misery and poverty.
Sounds good. But there's a problem, actually 2 problems. 1. The irregular and old thoughts of North Korea. 2. The "blame game on both opposing parties" and dependency of US stuff of Taiwan. Both could crumple the future cooperation of Japan and South Korea..
I think the new Japanese economic model will make things worse. By borrowing so heavily and giving little payouts to pensioners, it’s not really good for business. More debt and more social welfare will make things worse. Like Margaret thatcher said, wealth equality is when people are in general all poorer. In wealth inequality, everyone gets richer. For the actual speech, it’s the one where she gestures this via hand gestures.
Thats the best way to keep up. While others...keep exaggerating their abilities... Japan just builds and uses pacifist policy to confuse everyone else except the US.
The problem for Japan isn’t to do with companies it’s do with the workforce. There isn’t enough people working because there isn’t enough children being born. Japan needs immigration badly and needs to improve worker rights. For example people in Japan should have the right to go home without being expected to work extra hours without pay. Also reduce the number of hours someone can work full time. Like set a maximum of 60-80 hours a week. To stop companies abusing their workers, keep increasing the age to get pension so more workers can stay in work ( I know it sucks I wouldn’t be happy, but Japan needs more workers)
If Japanese companies already underpay and overwork workers, what’s the need for immigration? Immigration increases competition for wages and is useful in countries with higher cost and protections for labour. If they’re already getting what they’d want from immigration (essentially part of their labour for free, so on average cheaper labour than they otherwise would), importing labour would rob Japanese of any chance of demanding better conditions. Naturally if there’s a shortage of workers, wages and conditions should improve. Too much corruption and stubbornness in Japan is what’s stopping the economy from developing further.
@@Freshbott2. The need for immigration is to reduce the number of hours for Japanese citizens work and increase the number of skilled workers in japan to create more jobs. For example let’s say that I’m a company that wants to start a old business I need workers, but in japan there are not many new workers because they specialise in specific industries or are all too old. This means I can’t produce as much and I have to make my current works work harder with less pay to keep the business afloat. However if I manage to employ people from different countries with the same level of skills. I can produce more and gradually be able to pay my workers more for each hour because the company is growing. And I do agree that there is a lot of corruption in Japan but the problems are much more deeper. Japan is currently shrinking in population this means that the work force is shrinking and the public is spending less since there are less 35-64 tend to spend more on kids and houses and all sorts. The government has to opinions to stop this trend increase births in the country or immigration. So far get people to have more births is hard when the workers are working 80 hour weeks plus it’s hard to encourage people to have kids take Sweden as an example. Thus realistically immigration is the only viable option.
@@michaelhughes6634 You think if companies that are underpaying their employees for hours worked will be inspired to pay more to those same employees in response to a sudden abundance of people with the same skill levels competing for the equivalent? Or that those existing employees will gain the confidence to demand what they're being deprived of because there are new people ready to do the same job? I didn't read the second half of your commend I'm sorry not trying to be rude but that is absurd and not how anything works.
*'5000 Yen' ... are €50!* THAT IS LESS THAN NOTHING !!! Holy cow! Being old in Japan miust be hard. Being old in Tokyo must be super hard. Financially, speaking. But getting €50 whilst living in Japan during the Coronavirus pandemic ... Kishida should not have even thought about giving that amount to people. The elderly have build everything after WW2. I cannot even imagine how angry they feel about this!
Honestly I think you guys were a little unfairly biased against the viability of these policies here. I think Japan is looking at its economy and seeing that it wants to try policies more similar to European Social Democracy like Denmark or Sweden. It could work. It definitely might not and could cause a sovereign debt crisis but to dismiss leftism out of hand is a little unfair and preferences western capitalism as more functional than is fair.
It will not work. To be like Sweden or Denmark, you need to improve productivity first, then raise the social measures. Doing reverse will not work, it was already been tried several times before.
It's a problem when governments make policy based on ideology not evidence. People without adavnced Analyst degrees should not be setting economic policy, left or right.
Bit racist mate. Japanese capitalism has always been distinct. It doesn't need countries that bear no resemblance to it like Denmark or Sweden for inspiration. Why do people think White is the only example available. Compared to Japan & its economic history, the idea these miniscule economies are an isnpiration is bizzare. Moreover. for deacades Japan has been dealing with unique form of stagnation that has mystified everyone & may be sign of what the rest of the advanced ecomonies may be coming their way.
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
It's ironic, but it seems that the Japanese "work ethic" of working as many hours as possible may actually be harming their productivity.
I wonder if they have a saying equivalent to work smarter not harder?
@Dan Caffrey The hell are you talking about? Japan only started properly limiting overtime hours in late 2020, and productivity started to decline long before that. And even then it's not being very effective at implementing those limitations out of sheer cultural inertia.
As they already said, the lack of Japanese productivity is because the country is so obsessed with "working hard" (the famous 頑張る, "ganbaru") that they forgot about "working smart". So they work an insane amount of hours that produce nothing but pointless burnout.
As a Japanese they work long hours but work on the most pointless tasks that aren't pushing out results.
Yeah. According to polls, Japan’s working population has 1/3 or about 30% of it being part-timers or entrepreneurs who don’t stay with big companies for more than a few years. Between that and the aging population, things are going to go downhill quick. I’m planning on moving to Japan after college and the best way would be as an English teacher, but the channel Abroad to Japan tells of how grueling even that job can be, so as soon as I get a teaching job, I probably would be getting ready to transfer to a new job as soon as legally possible.
TV Tropes page "Japan takes over the world" has a breakdown of the plight of Japanese workers today under the analysis tab. Short version is that Japan's lost decade, which the US is now replicating, resulted in zombie banking institutions, and the labor force being chronically under employed such that the sons of men who worked 40 years for the company cannot build a career because they end up changing jobs every couple of years due to a lack of steady work at those institutions.
Imagine being China looking at Putin invading Ukraine and seeing the EU *and* Japan suddenly being geopolitical players rebuilding their militaries again.
Must suck to see your plans to global dominance being messed up by one guy in Moscow.
Nicely put - my Chinese freinds, see chaos as a ladder - more like chaos is an opportunity.
He says it will be tough for china - but a rising EU and a rising Japan will mean more room for manuever as time passes by because difference in interest will arise though values may be the same.
Interest trumps values so over the long term, if china endures through - they will come out stronger.
China wants Russia to weaken. When Russia has a power vacuum after Putin, China can insert their favourite leader. Money and power speaks.
@@plendafuture7451 that is the same strategy that Putin tried before the invasion with the EU. and look where it got him.
fool me once, shame on you.
fool me twice, shame on me.
@@plendafuture7451 China did lose Taiwan, after Ukraine. Jin must be furious with Putin.
China still growing strong 🇨🇳
Japan pretends to not have an army but its so called self-defense force is one of the most powerful in the world with advanced jets, tanks and carriers.
Thank God. I couldn't give Nato that credit... except Poland.
I want Japanese re-industrialization and capable alliance networking with Japan. They already know what it means to turn on the USA
not good that Japan has a strong military
And not nearly big enough to project power. Well trained and high tech? Yes. Big by projecting power standards? Not even close
Their army is strictly focused on defense, they have a very advanced defensive army, but with almost 0 attack capabilities
I learned a LOT from this video, because I didn't understand anything what Kishida meant as a "new capitalism method". And I'm a native Japanese speaker lol
Same history over and over again, new words. More tax, rising costs to companies, more spending in the govnt.
I totally agree
Yeah, I was also confused by the “New Captialism” idea. Personally, I doubt he’s staying in office for long. Besides his economic policy not doing much if anything, his rise of public support for around 60% is due to how the government is pulling back on Covid restrictions and is taking in Russia via economic sanctions. On top of that despite doubling the budget of the JSDF, public opinion is still divided near-even on amending the Japanese Constitution while it is still unpopular to deploy the JSDF in overseas combat missions. Meanwhile support for the Okinawans to get rid of the US bases is growing, even if at a slow rate. All in all, I think Kishida is really only benefiting from the current two international incidents. It may not be long until the pandemic ends, the war in Ukraine is dying down into a stalemate, and there is still a lack of majority public support for amending Article 9. While the LDP still won the election last year, they did lose about a dozen seats. Don’t look now, but I think this is the beginning of the end for the LDP. A few decades from now, either the Constitutional Democratic Party or the Nippon Ishin, the two most popular left and right wing opposition parties respectively, are going to be running the country. With citizens being supportive of having a female empress and of other policies the LDP is slow to act on, it may be only a few years later that mass frustrations will be seen in elections.
@@Kabup2 The video said the admin wants to _reduce_ tax while increasing the minimum wage. Presumably the money the companies will save from lowered taxes will be passed on to the workers.
It's a better strategy than US' shit show where corporate taxes are lowered but minimum wage stays the same, so the oligarchs pocket the difference.
@@realtalk6195 He said more tax to big companies, as far as I know.
I've been living in Japan for almost 20 years. I saw many PMs, each of them with huge plans to change Japan. But I didn't notice any changes in my everyday life. Same prices, same taxes, same rules.
until American soldiers leave.nothing changes
@@alanssshh kek rent free
you like some strangers in your bedroom and forcing you doing something?
@@alanssshh Oh they come to my bedroom? Then no thanks. but since they don't, I literally don't care.
you must not be a Japanese.then back off
Japan needs cultural reform as well as social welfare reform. Japan's economy is based on its domestic consumption, and of the govt does not make strong changes, the economy and their influence will weaken beyond repair.
Please give examples. I know they still have a largely male dominated society.
@@noahway13 hmm. it has nothing to do with gender dominance. Japan is known to turn its money back into its domestic economy which has both stagnated its growth but also somewhat protected it from external influences.
No. Their economy is not by any means based on its domestic consumption. Some of the most global companies on the planet are Japanese. And Japan as a *WHOLE LOT* of them.
I don't think you understand economics buddy. The US is a consumer based economy as well... which is the pinnacle of economies....
We inddians D0nt like 0ur c0rrupted prime minister m0di who is d0ing gen0 ciDde on min0rities in Kashmir, kahlistan and s0uth Tibet,
How is Japan, the country mastering robots, failing at worker productivity?
From personal experience, how many hours I work in a day does not correlate to how much I do in a day. Most days I do what I am paid for, and then fill in the rest of my time to make up the hours. If all of Japan is doing this, then that is failure. Companies ought to be looking at salaries/job sharing/free time/work from home arrangements.
Actually I always asked my self how the domestic political situation in Japan is. Cause obviously, it isn't really commonly discussed in media and (my) daily life.
So thx a lot for the vid.
Yea i didn't even know they had a new new pm.
Japan is already a major player in Asia Pacific. Doubling down and even removing the constitutionally-mandated pacifism will make it more so. Honestly? It's a good thing.
See, Russia and China (correctly) saw us as decadent, disorganized, greedy, diplomatically overly-polite/cautious, and often have dysfunctional, paralyzed domestic politics. I think they're largely correct. Where they messed up is thinking we weren't ready to fight to the death to keep it that way. I look forward to a South Korea and Japan that feels confident enough to stand up to China's bizarrely aggressive geopolitical strategy.
I too look forward to the day that Japan and South Korea can let bygones be bygones and stand united against the Dragon pretending to be a Panda.
And I also agree with you that just because the West has become decadent on its largess doesn't mean it is weak. Though it remains to be seen how long that lasts with the current leadership of the West.
@@davidford3115 I think we agree. What I meant was think about it this way; during the height of the Cold War, US put 9%ish percent of our GDP into military budget. Today our military budget is around 740ish billion dollars... Which is about 3.5% of our GDP. That means if we wanted to go back to THAT era, we be spending more than 2 TRILLION dollars PER YEAR. I don't say that to mean we're weak... I mean we're STILL by far the most powerful and we're only giving it 1/3 of our effort.
huh ?us even gave up afghanistan lol, do you have an idea that today china is at least 100 times stronger than taliban?men power,tech,cash combined. china did fought usa in korea when they were super poor 4th world. result tie, korea splitted into two
@@andia968 the US left Afghanistan because we didn't to have bases in the middle east to secure oil anymore. Once we got our own security, we stayed for the Europeans. When Europeans replaced their consumption with Russia, we left. We spent 10 trillion dollars in 20 years there. That's expensive. We also make 20 trillion in ONE year. China is too afraid to even invade Taiwan. They're a paper tiger
@@headoverheels88 Indeed. As one foreign commentator observed, not since WW2 has the US put its full effort into a war. We have ALWAYS fought with one hand tied behind our back, often using our off-hand. Most people don't realize that.
The Japanese workforce suffers in productivity compared to eu because they suffer from transitory burn out and to much of a focus on traditional work structures where you advance base off of time and a lower ranking person in the organization can't make calls and be more fluid in that system.
I agree
No one talking about how s korea is more toxic than Japan work culture
One might get the impression from this video that Japan doesn't really have much of a military capability currently. In fact, they very much do. Japan's current capability, depending on how you measure it, is somewhere a little north of the UK and France -- with Article 9 still in place.
It is time for Japan and the RoK to put the past behind them. A more potent Japanese military force does nothing but good things for S Korea's security.
No one can invade Japan but Japan is banned from none self defence equipment. So japan is a island fortress but can't invade anyone
@@evandugas7888 - They "ban" themselves from offensive operations, but they certainly have considerable offensive capability.
@Bhawko Karolasa - Japan's area is too small for ... _what,_ exactly?
I don't think anyone is saying that Japan could replace China as _the_ major power in the region. But it could certainly change the calculus for China were Japan to develop its military to its full potential.
still,missile of china and north korea still can destroy japan and south korea
@@dk.magic.mobile108 - And South Korea and Japan don't need nukes to burn Pyongyang to the ground. The DPRK's forces would be badly outmatched.
But I'm not sure what you're point is.
An increasingly strong Japanese military would definitely throw a wrench in the works for China, in the event they seriously consider military adventures in the region -- e.g., invading Taiwan.
With the safety net and increased wage, it would also solve the decline of population in Japan. Japanese people are reluctant to populate because of financial burden from ever increasing inflation, cost of living, stagnant wages, toxic work environment, lack of beneifts, and long hours of work.
Solve their population decline you say? Nonsense
It is not so simple, and it won't help.
@@vorynrosethorn903 well according to studies it has, were all wrong tho. Lets see.
The kind of VisualPolitik excells at. Great video. Back to form.
"The new prime minister wants to create a Japanese-style market economy, effectively reinventing capitalism itself."
Lordy, this is not gonna end well.
Rip Abe man🙏🏻💛
The US, UK and Japan... and France are the most important and powerful naval powers. We all agree on China, Russia, and (insert authoritarian state) being a negative influence on everyone
DEFENDING OCEANIA is naval powers yes.
BUT Asian mainland NO western allies in Asia cant be protected by naval power alone. outside of protecting coastal cities sure.
we need a PTO. the Asian NATO or the PTO PACIFIC TREATY ORGANIZATION.
We are... South Korea, Japan, Taiwan, Vietnam, Indonesia, Malaysia, New Zealand, India... all agree its better to attached to the US as opposed to a Chinese overlord.
most of the countries you listed are junior allies to the USA
us is boss uk and japan are vassal states..
true, india and indonesia are not juniors. india isn’t really allied to america at all, just cooperating
The boring Japanese politics does not mean paralysis.
These radical changes would cause political chaos in other countries, in Japan, they build consensus very slowly, and once decided, will not overturn it.
Japan is not currently suffering from the serious divisions that US and EU countries are suffering from.
Devilishly difficult-to-learn Japanese language prevents manipulation of public opinion from abroad,
The (notorious) loyalty to family has its virtues in preventing young people from being drawn into toxic ideologies left or right.
and don't forget about tradition of regard each other' s honor and avoiding argue confrontation (but certainly not the rational way to resolve hot issue)
These work to Japanese still has steady and reliable its own democracy despite many problems (which is a very blessing, I know)
very difficult for the observer to forecast. but what can be said they will never again return pacifist to good friend of China. because they decided to do.
You think that public opinion isn't swayed because Japanese language is difficult and there are little articles in Japanese? 🤣
@@dxelson
You know, western countries are affected by Russia's large-scale manipulation of public opinion,
Likewise, South Korea, Taiwan, Australia, and other Asian countries all suffer from Chinese manipulation of public opinion.
The only exception is Japan, which has seen no interference from foreign governments.
I have difficulty in explaining why, but I've heard it's because the Chinese who know Japanese well are too busy subs new season anime so hard answer call for patriotism.
@@misfortunemate8261 You think Korean is an easier language to learn than Japanese for Chinese speakers?
@@jxz107 All three have the benefit it's harder for western language families to learn each others language.
@@evandugas7888 I agree, but I was making the comment because the original commenter was insinuating that Korea is more influenced by Chinese bots than Japan because of the easier language, which is blatantly false. If anything, Japanese with its usage of Chinese characters in the script is far susceptible.
As a Japanese, I find many accurate observations described here in the comments mirror my own. But I think some are broad generalizations that just reveal the tip of the iceberg. They are not wrong but not representative of all workplaces. Some small companies and organizations are really trying hard to break free from the asphyxiating business climate here. The enduring economic and spiritual recession is caused in part by a backward feudal period mindset that favours apathetic bureaucracy and lack of professional accountability over productivity and progress. In some workplaces it’s worse in terms of labor conditions, especially for non-Japanese laborers. The “shiny”Japan, with all its advanced technologies, manufacturing, cleanliness, and orderliness, is a kind of illusion of what’s really happening beneath the facade. As a Japanese Marcellus might say in a local version of Hamlet, “Something is rotten in the State of Nippon.” I know that’s ambiguous but the “stench” in society and government is unmistakeable. And to those expats living and working in Japan who have no idea what I’m talking about……lucky you. Stay blissful. Enjoy your time here while it lasts.
Agreed, though the expats in japan are usually escaping a more foul stench in their home countries.
Totally understand your point, it takes time for foreigners to observe it themselves. I hope Japan will overcome these things, but this will also require time and maybe some hardships to understand what needs to be changed.
As a Japanese myself, you seem like the kind of guy I would love to have a conversation with.
Japan is not very productive ? In the 70's and into the 80's they were out producing the rest of the world . A country the size of California out producing the world. They are remarkable people .
But they haven't moved on from then, adopted new technologies in the work place ect. They would do better to work like the french, the more hours you work over 4/5 in a row the less productive you get.
The UK is the size of Michigan and kick started the industrial revolution, it doesn't mean the UK is still the world's most developed country.
Japan and Britain are great but they need to continue to innovate to remain so.
As will America, China etc etc
@@xanderreyno the uk is the size of oregon, not sure how michigan stacks up with it's weird shape
the US contracted Japan to produce more and more
That's figured on a per hour production. The Japanese have an odd belief that spending hours upon hours at work (whether you're doing anything or not) is somehow good. So they work far longer than they have to. That kills their productivity PER HOUR. In turning out goods, they're great.
Japanese expansion will remove a lot of pressure on the Indian Navy as currently Chinese navy is expanding very fast in the Indian Ocean as there’s no counter weight in East and South China Sea. If Japanese navy becomes powerful then china will have to deploy significant resources to match Japan. This will give India some breathing room in Indian Ocean
Ummm you forgot the Vietnamese modern fleet
@@phunk8607 I don't doubt Vietnamese fighting spirit but joining great naval powers conflict with small fleet of six Kilo-class submarines, frigates and corvettes is nothing short of an elaborate suicide
How can you expand when you are so indebt lol
China's navy is doctrinally weak. They have equipment and manpower, but haven't shown an ability to manage naval affairs like a great power should. And blackmailing your debtors to get over sea's naval bases only works if you are the US and sell the idea better than the Chinese are capable of.
South Korea and Australia could do that too, but haven't. While other countries like France (has Pacific territories), Indonesia, Malaysia and to a large extent the Philippines may as well spread their buttcheeks to China.
I really hope we misunderstand smth. It looks like Japanese gov just goes by the spiral of every populist regime, but in slow-mo
When he asked “Do you want to know more…?” I had a Starship Troopers flashback.
Cue Neil Patrick Harris being a telepath or wizard or something for some reason.
I believe Japan will achieve it. Hard working people , unique culture, they deserve it 💪🏻
Good luck from Poland 🤜🏻🇯🇵 🇵🇱
..., says the WEEB.
Thank you guys. I adore your videos. And I trully hope Japan improves
Japan defeated giants like Russia and China and gave a bloody nose to USA. When every one was thinking that hirosima and nagasaki was end of Japan. This country again rose up. Respect Japan from India
They need to fix their constitution so they can do their share of Asia Pacific defence. It's been 80 years since WW2 and the geopolitical situation has completely changed. Japan is a necessary part of an emerging Asia Pacific alliance.
Seeing how country after country build up their millitary, inflasion, social unrest, world conflicts on the rise, global wariming, shifting global powers, and so forth, no wonder i'm depressed
The world's falling apart
We need aliens to invade! Its the only way out of this
Japanese / Korean alliance !? Never going to happen in this generation.
This was fire.
It's quite misleading to present joining the TPP/TPP11 (Trans-Pacific Partnership) as an unconditional positive for Japan and describe it as a simple trade agreement. There's a reason why millions protested against it and the US withdrew from the treaty: it significantly reduces rights to privacy of citizens while putting large companies de facto above the law of individual countries.
Yep. And countries with the most vicious lawyers will dominate all negotiations. So glad tpp went under.
If there's one country you never want to go to war with, it is Japan......(1) There's no people in the world who's more willing to die for their country than the Japanese. (2) Japanese people and society are highly disciplined, the most important ingredient for a strong military. Fact is without the 2 bombs dropped on Hiroshima and Nagasaki, Japan would never surrender.
They are simply trapped on their island so got nowhere to flee. Than fighting becomes standard.
Lol Japan had already surrendered when the bombs dropped Einstein
how many Japanese otakus today are willing to die for their country?
@@Emilechen Why don't you ask those motherf*cking commie barbarians to try them?
Your analysis is in the wrong century.
Imperial Japan didn't just happen to be aggressive, it was taught in the education system and reinforced culturally and ideologically.
Excellent video.
I was listening to Josh Vietti’s violin hip hop mix just before I clicked on this video and the transition from that song to this intro 😮💨😮💨😮💨 I almost melted
If Japan was serious about reform, do the following:
Resolve its border dispute with South Korea.
Start drilling for more oil in its economic zone. Have its oil companies explore for oil in Africa.
Build more nuclear power plants and geothermal plants.
Provide tax breaks for companies to invest in facilities in the rural areas of Japan where land is cheap. Incentivize workers to move to these lower cost areas with their jobs. This would boost the real income of the people.
Forgive me but what border dispute does Japan have with South Korea? If you are referring to the Dokodo/Takeshima dispute, that is a rather minor spat over a few rocks that barely rise above sea level at high tide.
I do agree with most of your other points. Only observation I will make is that the rural areas of Japan are not particularly conducive to building large factors and the like. 75% of the country is steep mountainous terrain which is why the population is concentrated on the Kanto Plain around Tokyo as well as the other lowland metro areas.
An addendum to this - they can also unfuck that shitty productivity figure by working normal hours and just telling people 'Find ways to get it done in those hours' - once that unecessary box is removed, I imagine that more creative and productive solutions will start to crop up, as people will smash out their work to get to go out and live their lives. Might also solve the major depression related health issues they have, which would be a good look on the world stage if they took wellbeing and happiness of people into account. They'd probably mitigate much of their birth rate issues with that as well.
@@Nucl3arDude That sounds good in principle, but smacked face-first into certain cultural proclivities of East Asia.
First and foremost, employees are expected to show up before their immediate supervisor and remain at work until after that supervisor leaves. In practice, that means that the junior most in a corporation is expected to arrive as much as three hours before the senior executive arrives. And will remain there as the mid level manager slowly trickle out according to rank in the company after the senior leadership leaves.
The West has a radically different perspective of work hours than Koreans and Japanese do. Appearances are everything, so even if one is very productive and gets all of their work done, rather than go home early, they are expected to find something to make themselves look busy until the boss goes home.
Japan's border dispute with Korea is least of their problems. The main problem is recognizing the war time atrocities and tell the truth in Japanese history books.
@@davidford3115 the 'staying until the supe leaves' doesnt happen as much these days. in fact its the opposite - paid until 6pm, so you're out of your seat at 5:59 and out the door having a smoke at 6:01. perhaps it still does at the more upper end big names, but the various SMEs i've worked for people just left whenever, not because the boss was still there. of course they'd still be there until the last train if they still had work to do, but that is due to poor efficiency and lack of productivity during the day, no doubt caused by a lack of sleep from being in the office until midnight the previous day, and every day...
I don't think so, maybe if japan, south korea, india and taiwan come together, maybe they will be a counterweight to china
Lol. They ARE!!! geopolitics yo! The US is simply the "we will win guaranteed " part. As an American we are used to being a nation that doesn't care but are drawn into BS. All world wars, Korea, Vietnam and the middle east. We. Are done with this game. The most dangerous reality is America going home.
The quad needs the US or it doesn't work at all
the Asian NATO or the PTO PACIFIC TREATY ORGANIZATION.
member states will be.
mid 2020's.
AMERICA.
AUSTRALIA.
INDIA.
JAPAN.
S. KOREA.
TAIWAN.
PHILIPPINES
VIETNAM.
around 2035 or pre WW3.
SINGAPORE.
BANGLADESH.
NEPAL.
BHUTAN.
MONGOLIA.
Yeah, that's a big problem, India wants to neutral. South Korea and Japan are still far from being truly allies
Something we've learned about the Ukraine - Russia conflic is to never underestimate small countries and to never overestimate big countries
Japan doesn't want that, Japan has an overlord that wants that. It has no choice. Lol..
I really wish people would stop throwing around the title of “super power”. It’s so overused and misused it’s almost lost all meaning. That aside great video learned a good bit about Japan’s new PM.
Someone is nervous about their super power status 😬
@@jahjoeka lol the US is slowly losing that title too as they become more isolationist but clearly you envy their title since you brought it up. Superpowers aren’t normal in history they are exceptions.
@@NewNewColt America, isolationist? Where? Only Drump wanted to withdraw from nato and that's because he was Putin's puppet. And throughout history there's always been super powers. The Dutch, then the British just to name a few from history.
Once again, great theatre from the Japanese government. The once productive and work mentality are gone. Aging society, weak yen, stagnant economy are the issues. This further entrap the Japanese and other Asian countries to do the work of the USA. A big thank you should be send by all US arms production companies to Japan and others for keeping the increase in profits for years to come.
God, doubling down on keynesian economics and increasing government role in the economy will just make the situation worse... I guess suffering poeple doesn't matter as long as the politician's get more power...
What people don't understand is the larger your army, the more drained out your defense budget will be and less quality equipment. Imagine having to spend for 2 million troops instead of 1 million troops with better equipped personal
The key point to stop China is put back factories to Japan and bring back some to the states. Also helping better relationship between S.Korea and Japan will bring huge benefits in military, manufacture, economy, and tech for every countries but except China and Russia.
In fact, South Korea is at the top of the list of countries that hate Japan the most, and the war crimes committed by Japan in South Korea are horrendous. What you suggest is totally out of the question.
Thanks for your content. Its bad enough that UA-cam puts ad's before, during and after a video, but for you to add your you are sponsor it go's to far.
For 20 years I have been hearing about the failure of Japan's economic policies...
There are four types of economies: developed, developing, Argentina, and Japan.
Yeah, their lost decade seems to be the one thing the West has become really good at emulating. And that is NOT a good thing.
8:12 - 8:47 - 9:06 LETS GOOO 👏🏾💙🙏🏾✊🏾🥳 excited to see the added diversity of innovation/etc this may bring into the collaborations between the squad. #squadgoals 🇺🇸 🇯🇵🇮🇳 🇦🇺 🇰🇷 Not to mention Germany change of stance in regards to collective security with reaching a 2% goal. Freedom isn’t cheap, but it’s worth it 🙏🏾
Visual politics needs to talk about Ecosia they are a search engine that plants tress
More government spending programs does NOT equal capitalism.
Indeed. That is Keysian neo-Marxist economics. And just like its predecessor, does more harm than good. Art Laffer proved that. So did Karl Meneger, Fredric Hayek, and Fredric Bastiat Baistait.
@@davidford3115 It’s because they want inflation.
Little inflation in Japan has afforded more stable consistent lives for its citizens but the bankers, corporate fat cats don’t want that, they want volatility, high inflation and unpredictable markets for all because it’s more opportunity to gamble and win big, and yet the people of Japan over the next 30 years will live more unpredictable lives financially with cost of assets going up up up.
In America buying a home right now is akin to gambling. Will it go up? Will it crash? This is almost every asset in the US.
I’d rather make 30k a year and have milk be 1 dollar for the rest of my life, than get 10k raises but have milk rise 10% a year.
Even if I’m getting rich, I’d value the stability over the volatility any lifetime.
@@astrahcat1212 Agreed on almost all of those points. And Thomas Jefferson warned about the bankers acting like gamblers. He saw Alex Hamilton (father of the US Federal Bank) doing exactly that in conjunction with Henry Knox in Massachusetts sparking Shay's Rebellion. And then repeating that same dirty game in Pennsylvania with the Whiskey Tax, begging "big Daddy Washington" to save him. Same story since antiquity; wannabe feudal lord abusing the peasants and merchants who butter their bread by manipulating currency and the markets.
I respect Russia 🇷🇺 , China 🇨🇳 , North South Korea 🇰🇵🇰🇷 and Japan 🇯🇵 due to their cultures and their militaries as the strongest impacts throughout Asia, however, The United States 🇺🇸 has to aggressively meddle in their governments whose abusing the people’s concerns to enrich their financial opportunities. If war does occur, the fault are the Americans spreading chaos and fear shattering international politics.
International politics isn't this straight forward I'm afraid to say.
@@josephcosta1446 the world is becoming more of a chaotic scene because there’s a country or a shadow figure creeping politics that’s upsetting where we’re at.
An increase in public spending is a terrible idea. The multiplier effect isn't equal between different types of spending. Cash give away programs and excessive social spending usually ends up cause a net decrease in the country's prosperity. With the bottom shouldering most of the losses.
Tell that to any Keynesian, they are all simultaneously jumping off a cliff at least.
Ditch the soccer analogy
That’s stock footage of my work at 4:20 lol
This is Visual Politic, the only answer to any issue is tax cuts.
The real answer is to have many more kids, focus on efficiency and diversify the economy.
I'm Japanese, but Japanese companies are being bought more and more abroad, so Japanese money is flowing abroad.
You should spend money in Japan.
And although the government should protect important Japanese companies, the government is corrupt and will not take any measures.
And the government is still trying to continue the lost 30 years.
i think the real reason for the wealth redistribution is to make their future smaller population just as valuable
Ah yes, the land of anime
So hard to focus on the video when I keep thinking why isn't the host bald 😂
Minus 1 point for Ki-shy-da 😂
10:44 Going capitalism ... by increasing public spending (socialistic policy) wut???
Old mantra from leftists. Give money to all first, dreaming money will come afterwards.
Public spending is NOT socialism, Government doing stuff is NOT socialism, Giving welfare is NOT socialism.
This has nothing to do with "dictatorships". Maybe those countries would consider not printing so much unsecured money so they wouldn't have to justify every weakness and need for reforms and "wealth redistributions" with "dictatorships" in other countries.
love you vids, have for a long time! but, British "sports ball" references don't tell me jack
RIP Abe....🙏🏽
If you go against large corporations economy will always go down
i think japan arming itself again should worry anyone who studied history for any length of time ... them dude's simply built different.
I like Japan's foreign affairs & military goals, but his economic plans resemble Gerald Ford issuing "Whip Inflation Now" buttons, in the mid 1970s, to combat the US economic troubles at the time. Yes, I'm old enough to remember, as I was graduating high school, around the time he lost his re-election (actually just election, 'cause Nixon) bid.
Where will Japan get the people from to expand the military?!? Japan is ageing and shrinking
Automation?? They are already world leaders in robots
They may be shrinking but they still have millions. Also ships and jets are probably where they're going to put most of their money in. Along with Special Forces .
Robot samurai
Military doesn’t take that much personnel nowadays. As we see in Rus Ua war even Russia focused its effort in 100-150k people and even then many of them don’t have equipment to be useful
@@HELLO7657 and you do realize that most of them are in their 50s right?
I only want to see Japan to unleash the Gundam
love China 🇨🇳😘💚🇮🇶
Japan: Increase military
Me: after the 2nd time, they'll learn what happen to Germany
High Taxes on Capital Gains just disincentivizes the risk of investment and High Income just makes people move. Overall High Taxes are very Bad.
they need to change their work ethics.this rhetoric of stying in work until the boss leaves and not taking vacation days cause its "abandoning coworkers" is absolute bullshit. spend less time at work, but have the time be more productive. its healthier and more economically viable
Yes, but that runs DIRECTLY counter to the whole of Japanese culture. Ultimately, the Japanese people need to redefine literally what it means to be Japanese, which is not going to be quick or easy. Change is happening, slowly, and as more Japanese (especially the younger ones) get more exposure to the outside world, the rate is accelerating, but the cultural inertia is frickin' HUGE
@@talltroll7092 i think going to "weird work ethics are what japenese people are all about" is going a bit far. its PART of their culture, but by far not their entire culture. its inefficient, unhealthy and unpleasant.
@@dervakommtvonhinten517 It's not that work ethics are what Japanese are about, but that being traditionally Japanese automatically gives rise to those work ethics. All of Japanese culture is centred around the prioritisation of the group over the self. You do not inconvenience others for the sake of your own selfish desires, and if that means working until you literally drop dead from overwork, well, at least that death demonstrates your sincerity.
@@talltroll7092 well they arent sincere at all since a majority of the work day isnt spent working.
and nothing of what i said contradicted that. if the boss just goes home earlier and vacation days become mandatory the major work related problems might be solved. no more unnecessary sitting around at work and if vacation days are mandatory then it would be selfish to endanger the health of the company by risking fines NOT taking those days off.
@@dervakommtvonhinten517 >> well they arent sincere at all since a majority of the work day isnt spent working
That's not the point. Like, not even close. Did you know that Japanese law was amended recently to define the standard work day as 9 - 5? But, it included provisions for "voluntary overtime"... so, everyone (or everyone who cares about getting promotions or bonuses) has to show their sincerity by working "voluntary overtime" that roughly matches the hours they were doing before the change in the law. Because the group, (the company, in this case) comes before the individual, and it is selfing and unJapanese of you to put your own needs first, and the same for "voluntarily" working over weekends, and not taking nominally available holiday time that isn't socially approved (there are certain times of year when Japanese take time off, mostly New Year and Golden Week because in addition to the "work" group, Japanese are expected to fulfill their filial duties to family. Guess what most Japanese do during New Year and Golden Week? Yep, go see family, because the earache that would result from not doing so might well drive them to suicide. I am actually not kidding there. It is a thing that happens)
Japan needs to improve its exports so as to create a larger trade surplus.
Not needed
to be fair, the entire reason productivity is so low is because they force people to work so much. people are forced to sit in the office spinning their wheels because "it's just the way things are done" so if companies are forced to increase wages, but then cut hours to compensate, then people will have roughly the same amount of money, but actually have personal lives to spend it on, inducing demand.... that and almost all economists advocate higher wages regardless
Go Japan!
Printing money and raising taxes is not capitalism. It's statism.
His goal is to make some shake for the two years possibly in office and people are going to be literally "scrambling" to find solutions through all these gaps. It's going to keep the Japan nation quite busy on growth and savings
Sounds like a pretty reasonable system in theory.
Japan good luck with the next Prime Minister.
Japanese Yen is already in serious problem , it has been weakening agt the Dollars for more than 20 years , it is the largest US Treasury bond holder , US ability of bailing out Japan at current times with crashing Yen will be fat hopes, should it go to war , it need to dump US Treasury in large quantity it would have a ripple effect on the Western power with massive hyperinflationary issue. a kinetic warfare will bankrupt both USA and Japan on its own weight.
I wonder what a Japan-South Korea Bloc similar to the EU would look like. Not that I would happen immediately (if at all) but an interesting thought experiment.
An abbatoir? You aren't getting the Japanese and Koreans to get on, not this century at least
Japan's Prime Minister is not doing anything new. He is doing the same old failed Kensyan economic policies of past US administrations. It will have the same result, misery and poverty.
He felt like joining the club it seems like when you look at what western governments are planning.
Sounds good. But there's a problem, actually 2 problems.
1. The irregular and old thoughts of North Korea.
2. The "blame game on both opposing parties" and dependency of US stuff of Taiwan.
Both could crumple the future cooperation of Japan and South Korea..
This is the way 😎🤘🏼
to be honest sanae was a better then kishida
I think the new Japanese economic model will make things worse.
By borrowing so heavily and giving little payouts to pensioners, it’s not really good for business. More debt and more social welfare will make things worse. Like Margaret thatcher said, wealth equality is when people are in general all poorer. In wealth inequality, everyone gets richer. For the actual speech, it’s the one where she gestures this via hand gestures.
They will at least be safe in the knowledge that most other countries are also committing economic suicide.
I hope the Japanese well
🇯🇵❤️
Can you make one regarding Brazilian’s elections?
What's wrong with $42?
Japan needs a black leader!
Japan's military budget should be 3% of their GDP. Sweet spot to scare bullies away
Thats the best way to keep up.
While others...keep exaggerating their abilities...
Japan just builds and uses pacifist policy to confuse everyone else except the US.
The problem for Japan isn’t to do with companies it’s do with the workforce. There isn’t enough people working because there isn’t enough children being born. Japan needs immigration badly and needs to improve worker rights. For example people in Japan should have the right to go home without being expected to work extra hours without pay. Also reduce the number of hours someone can work full time. Like set a maximum of 60-80 hours a week. To stop companies abusing their workers, keep increasing the age to get pension so more workers can stay in work ( I know it sucks I wouldn’t be happy, but Japan needs more workers)
Cap at 50 hours. Target 40 hours. This world works way too much instead of being more effective.
If Japanese companies already underpay and overwork workers, what’s the need for immigration? Immigration increases competition for wages and is useful in countries with higher cost and protections for labour. If they’re already getting what they’d want from immigration (essentially part of their labour for free, so on average cheaper labour than they otherwise would), importing labour would rob Japanese of any chance of demanding better conditions. Naturally if there’s a shortage of workers, wages and conditions should improve. Too much corruption and stubbornness in Japan is what’s stopping the economy from developing further.
@@Freshbott2. The need for immigration is to reduce the number of hours for Japanese citizens work and increase the number of skilled workers in japan to create more jobs. For example let’s say that I’m a company that wants to start a old business I need workers, but in japan there are not many new workers because they specialise in specific industries or are all too old. This means I can’t produce as much and I have to make my current works work harder with less pay to keep the business afloat. However if I manage to employ people from different countries with the same level of skills. I can produce more and gradually be able to pay my workers more for each hour because the company is growing. And I do agree that there is a lot of corruption in Japan but the problems are much more deeper. Japan is currently shrinking in population this means that the work force is shrinking and the public is spending less since there are less 35-64 tend to spend more on kids and houses and all sorts. The government has to opinions to stop this trend increase births in the country or immigration. So far get people to have more births is hard when the workers are working 80 hour weeks plus it’s hard to encourage people to have kids take Sweden as an example. Thus realistically immigration is the only viable option.
@@michaelhughes6634 You think if companies that are underpaying their employees for hours worked will be inspired to pay more to those same employees in response to a sudden abundance of people with the same skill levels competing for the equivalent? Or that those existing employees will gain the confidence to demand what they're being deprived of because there are new people ready to do the same job? I didn't read the second half of your commend I'm sorry not trying to be rude but that is absurd and not how anything works.
I didn't understand the new economical plan. You guys should put more effort on explaining its details rather than just quote headlines ☹
Everyone is a gangstar until Japan Re-arms........ 👘
Good luck to them.
*'5000 Yen' ... are €50!* THAT IS LESS THAN NOTHING !!!
Holy cow! Being old in Japan miust be hard. Being old in Tokyo must be super hard. Financially, speaking. But getting €50 whilst living in Japan during the Coronavirus pandemic ... Kishida should not have even thought about giving that amount to people. The elderly have build everything after WW2.
I cannot even imagine how angry they feel about this!
Honestly I think you guys were a little unfairly biased against the viability of these policies here. I think Japan is looking at its economy and seeing that it wants to try policies more similar to European Social Democracy like Denmark or Sweden. It could work. It definitely might not and could cause a sovereign debt crisis but to dismiss leftism out of hand is a little unfair and preferences western capitalism as more functional than is fair.
It will not work. To be like Sweden or Denmark, you need to improve productivity first, then raise the social measures. Doing reverse will not work, it was already been tried several times before.
Both Sweden and Denmark experience their own lost decades
It's a problem when governments make policy based on ideology not evidence. People without adavnced Analyst degrees should not be setting economic policy, left or right.
Bit racist mate. Japanese capitalism has always been distinct. It doesn't need countries that bear no resemblance to it like Denmark or Sweden for inspiration. Why do people think White is the only example available. Compared to Japan & its economic history, the idea these miniscule economies are an isnpiration is bizzare. Moreover. for deacades Japan has been dealing with unique form of stagnation that has mystified everyone & may be sign of what the rest of the advanced ecomonies may be coming their way.
@@idleishde6124 lol. Like who?
Okay you folks believe QUAD is kind of military alliance? What are you hearing? We are hearing exactly the opposite.
Thats a lot of spending for a country with a 266% debt to GDP
Check the ownership profile. Almost all of it is domestic, they could easily double their debt ratio with no ill effects
@@talltroll7092 yeah, because interests arent a thing.
I love the free world 🇺🇲🇬🇧🇺🇦🇰🇷🇯🇵💪
The time has come for Asia to put Japan in her place once and for all.