Is the sun setting on Japan's economic slump? - Counting the Cost | Tokyo
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Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues. The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase. Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Comments
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attract the weebs to japan with promise of free waifus, then enslave the weebs for free labor!!!!
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Japan recession too longgg!
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From a sociological perspective, things happen interestingly: rising living standard is a promise entailed in democracy, but as western and Japanese populations get older they spend less; since capitalism is built on consumerism, companies sell less would contribute less taxes and governments would find it more and more difficult to fulfill the social contract of providing safety and old-age care, police force and pensions will bankrupt governments. Perhaps what lies in the future is jobs being taken over by robots and governments providing financial help for the bottom of the society (social housing, food stamps, nationalised banks), in other words, democratic societies would obtain certain communist aspects. Maybe everything when gone to the extreme would come back towards the middle of a spectrum? Socialist countries embracing capitalism as in China and the US becoming socialist in saving banks and acquiring housing mortgages are examples of this curious trend.
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Stimulus plans in Japan is not stimulus at all.
They are designed to enrich the riches even more (at the same time cut the tax to the riches), results in widening the inequality.
The trend is spreading to rest of the world today.
It even has the name for it, neo-liberalism. -
singapore per capita is now richer than Japan.
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Economic growth is utter mumbo-jumbo.
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I think tourism could be one of Japan's strongest suits and as someone who has recently been there, I believe they can do a lot more in that area. For starters, get rid of their ridiculous airport fees, which resulted in my country's largest airline cancelling flights to NRT.
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Japan is poised to prove to the world how a steady-state economy is possible. Eventually the whole world will have to operate as a steady-state economy if we're to achieve sustainability right? Future growth will be measured by our technological progress and increased standard of living. If Japan can't figure it out then I just don't know..
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right, Japanese economy experiences problems, but i think i would love to live in such a 'problematic' economy as the Japanese
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The land of the anime.
That guy in the grey suite next to the PM - he looks like the one that would back-stab him in order to take power (if this was an anime). -
Free Viagra and testosterone for everybody......