Why Japan's Economy is Finally Growing Again
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- เผยแพร่เมื่อ 17 มิ.ย. 2024
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For the last 30 years Japan has been a stagnant economy. It has seen no real growth for 3 decades and has become the worlds most indebted country. But things look like they could be changing.
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Japan has not experienced economic growth for 30 years, but as a country, it has grown for those 30 years.
The number of homeless people has decreased, the number of suicides has also decreased, and now the annual working hours are shorter than in the United States.
In the past, Japan was ridiculed as an economic animal, but now it is an attractive country rich in traditional and pop culture, and many tourists visit.
As a nation, Japan has matured.
The quality of life is high, with clean streets, cheap and delicious dining out, polite and high-quality service, good public safety, and extensive medical care, and there is also a well-developed infrastructure for daily life, such as convenience stores and trains.
Overseas, abnormal inflation makes it difficult to buy a decent house or eat out, and 50% of Americans in their 20s have to work second jobs and work long hours because they are struggling to make ends meet.
I hope the world will become a better place.
$20 billion in todays money? That's not very much tbh. USA gives $20 billion out in weapons like, every few months
Make TOYOTA 🚗🚙 Great Again 😎 Scotty Kilmer
do y have 20bil?
not that hard to press a few keys and "print" $20b every other week
Gotta start somewhere
you are so funny...😂
I am Japanese. Thank you for making good videos reflecting on the current situation in Japan. All I have to say is the deflation is the worst scenerio, in terms of economy. We never want to go back to lost 30 years, deflation. 😂
Deflation in Japan was very mild. The textbook idea that during deflation people will wait to make purchase is only in the case of significant deflation not the one Japan had. I never met anybody in Japan who postponed buying a car because he believed the car would be cheaper in 6 months.
🇨🇳🤝🇯🇵
@@Matmat123_5Yeah, I know what you are saying and your saying makes sense. Anyway, we have to increase GDP, otherwise, any country is just deteriorating. 😅
@@noboliNo👍
Well here in Finland we have deflation in housing prices and I love it.
Rents stagnated years ago. Buying is cheap. It's possible for any hard working person to buy a home anywhere in Finland.
My wage keeps going up while housing is just gettin cheaper.
I'm sure that foreign realestate investors are not happy with Finland right now even though they can still make a solid profit by renting out apartments. They just can't hype up the rents is Finland because we don't have a housing crises or bubble.
What a tragedy for big investors and a total win for any young couple wanting to start a family.
I believe Japan will rise again
We'll try...As soon as we get off the bed and get younger again.
do you with the anime profile picture believe that yes?
I agree, because as China is US’s enemy, US will try their best to strengthen Japan’s military service and economy, even though Japan’s economy data still isn’t impressive along with aging population.
@@Kanazawa1997 thats terrible since US and other countries exploited China with cheap labor.
Economic growth in a free market is the only thing we know of that gets countries out of poverty.
Once your people have escaped poverty, economic growth has done its job.
Then it is time to use other metrics - such as crime levels, happiness, healthy life expectancy, the plight of the most vulnerable etc.
We need more governments to recognize this.
Such a nice comment which makes a lot of sense.
The real question is whether the economic growth is finite or not and what's the limit.
Also, as per these madlads (economists), it should always be growing, not sure does it even makes sense?
Can't rely on growth for ever unless you are Charles Ponzi of Bernard Madoff.
More growth for the rich people
Sustainability of that economic growth is just as important to maintain the high standard quality of life. Economic growth may be reversed.
@@hughbryant898 Two things.
1. Economic growth is usually measured by country rather than per capita. So if you double your population, all other things being equal, you experience 100% growth. Nothing good about it other than a good number.
2. More isn't always better. You can also increase GDP growth by working more hours. The culture in Japan is to work insane hours.
This video was the history of Japan's postwar growth period, irrelevant to the title. So why is Japan's economy growing again? Please make a video about this.
Agreed he doesn't actually say its growing just makes optimistic speculation
Hey, loving the work! Can you do an episode on Sweden’s economic handling of COVID, I think it’s really interesting.
really well produced video thanks for the upload
Japan still has a problem with its birth rate decline. Countries like the US also suffer this, but patches it up with immigration. East Asian countries like Japan, South Korea, and China have fairly strict immigration policies, so they're getting impacted alot more.
Actually, Japan has opened up in the past decade. It's just that very few immigrants want to move there.
日本人も移民を望んでいない。移民は来る人と現地人の双方にとって不幸しか招かない。日本ではまだ欧州に比べて移民が少ないので治安は維持されているが、増えれば悪くなるだろう。それに日本経済の成長にとって人手不足を移民で解決するのは良くない手だ。世界はAIロボット化の分岐点にいる。人手不足はAIにとって幸運であり、労働者の賃金上昇に与する。人手不足は移民ではなくAIによって解決されるべきである。
nobody wants to move there as most jobs require Japanese proficiency.
Immigration has its own cons just look at Europe. Not to mention those nations do allow immigration it's just that not a lot of immigrants want to go there if options like Europe, Australia, the USA,.. are available. Japanese, Korean and Chinese are extremely difficult languages to learn and not a lot of Chinese, Japanese and South Koreans know English because English is a difficult language for them to learn. Japan, China and South Korea would have trouble attracting skilled immigrants (the ones you want) even with very open border policies because there's hardly any language group with a significant number of speakers that would have it easier to learn Chinese, Korean or Japanese than English or French. Not to mention if you learn say Japanese as an immigrant you put all your hopes on Japan, whereas if you learn English you can get by in many nations.
Immigration is not going to solve Japan's, South Korea's or China's problems because they would have to offer much better deals than other nations for immigrants to come that it would probably nullify most of the economical benefits they would be getting out of the immigrant labour.
@@darthutah6649 more like there is alot of people wanna move to Japan but don't wanna work in Japan corporate system lol
あまり英語圏ではトピックとして取り上げられませんが、アベノミクスが開始された2012年からの10年間では女性の労働者数が300万人増加しており、日本国内の総人口は減少する一方で労働人口は増加してきました。
今後は女性の労働参加がピークアウトするにつれて実質賃金の上昇が強まる可能性があると言われています。
東京に住んでるカナダ人です。サラリーマンもOLも徐々に平等になるの見えてて、経済的に全国に有益になってるそう
グッドジョブ！
Japan’s growth was sheparded by government guidance, mostly by Ministry of Trade and Industry.
賃金が増え始めるたびに増税して阻止するのです
fact
Current Devaluation of the Yen will likely to continue to boost growth for Japanese firms. Makes investment more attractive and exports cheaper for buyers. Although hope it doesn't keep dropping
Slava SAMURAI 🗾 Geroyam Yakuza 🦾
A very accurate assessment, significant currency devaluation that began in Jan. 2023.
Fake news. All Asian economists and commentators know that the US is harvesting the yen recently, and the Japanese economy is entering a major recession due to the depreciation of the yen. This kind of propaganda from the West is more like a propaganda weapon before the US harvests Japan, so that European funds can relax their vigilance and enter Japan, making it easier to harvest.
Unfortunately, the wealth isn't trickling down to people.
Great video. Very informative and entertaining. Thank you!
Thanks for your comment! I really appreciate it
Very interesting, thanks!
Thanks for your comment!
Abe was born in Hagi, Yamaguchi Prefecture. That's why he had a strong desire to become like Yoshida Shoin, the man who brought about the Meiji Restoration. Yoshida Shoin was the man who ended the Shogunate's isolationist government and created the modern Japan.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Thanks Frank!
Great video sir, thanks for sharing,
Thanks for watching!
@@TheInvisibleHandCo if possible please analyse Indian Economy, thanks again 🙏
Just something I noticed: the image at 9:05 is Chinese stock market display, not Japanese. (the characters are different). Anyway, thank you for making such an inspiring video about our country.
No those are kanjis...Japanese kanji and Chinese characters are the same
@@soniya_a No, I'm Japanese, and Japanese kanjis and Chinese characters are very different. To be sure, many of Chinese characters are the same as Japanese, but there are many others which are so simplified that we Japanese cannot recognize them. For example, "medicine" is 薬 in Japanese, but 药 in (mainland) Chinese, and we cannot recognize the Chinese version, unless we know Chinese characters. This part of the video should be changed to a Japanese stock market display.
I'm Russian teen. I was checking exchange rate Ruble to yen to understand how many i need to move to Japan, and then, just for interest I've checked dollar to yen... From 2021 till today Japan grows
Hope you get there before you're conscripted for the "special military operation" sonny.
16:37 - not indefinitely, but for 2 -3 decades at best. Ultimately we need adequate numbers of replacements in the workforce every year and every generation but #Japan is a unique country with a unique culture and people as you say at the end so I'll be cheering them on
How did you draw the Japanese population graph of about 10 minutes and 35 seconds in the video exactly like the FRED website? Is there a function to download it? Or did you receive the data and draw it yourself in Excel? I'm curious.
What a fantastic video. I subscribe.
Would be nice if the US focused on quality of life and nitvjust gdp and the stock market.
Im respect JAPAN...The small country but their economy is good
Smaller in land area than some countries yes, but not the smallest overall
Nice video
Over? Are you delusional? Japan is still falling down apart
Correct. Japanese stocks at an all-time high doesn't mean Japan will rise again. It became the 4th biggest economy a few months ago, losing the position to Germany. The current weakening of the yen is making Japanese poorer.
Don’t forget plaza accord 😁
Yes!
They recovering with their own means like a lot of nations in recent years, though still long way to go but hopes comes for us all
They only need ALL of Chishima and ALL of Karafuto to complete their future map.
The Plaza Accord destroyed the Boom
@selfiekroos1777 That's cute. Cite credible evidence to support your uninformed claims
@@Bearded.Jim1989Plaza accord makes Japanese exports more expensive and uncompetitive. Also that accord considers a currency manipulation of the US
The video doesn't mention any concrete examples of Japanese innovation necessitated by its aging population. It's purely theoretical that Japan can innovate itself out of stagnation, it's hopeful thinking at best.
Wrong. We just hit another negative growth in 2qt in row.
Kek last 2024 q4 was positive. And nominal gdp growth remained positive in this 2024 q1.
senjingjoseon111 The real growth, not normal, which is virtually meaningless.
@@tatsumasa6332 Do you know that Germany's real growth rate over the last 20 or so years is actually pretty similar to Japan?
But in nominal terms Japanese economy didn't expand, that is why there is the term 'lost decades'. Deflation was Japan's biggest enemy, and it has gone away.
senjingjoseon111 May not be deflation, but it's stagflation happening. the real wage has been in neg for the past 24 mo. In the deflation you can still buy things.
@tatsumasa6332 Well American workers used to come to Japan in the bubble Era to earn money... Now guess what, Americans make 2.5x what the average Japanese worker makes now.
The cause -> deflation.
The USA also experienced a period of stagflation in the 70s, 80s. While Japanese real wage is expected to turn positive later this year as well.
The issue with Japan just like all other countries is that the growth in GDP doesn’t necessarily mean good economy for the people…. In almost every country with supposedly growing economy, why is everyone suffering except the wealthy keep getting wealthier…?
Japanese youth is fleeing the country. There's a paradox when some Japanese universities are hard to get admitted, and rank high in THE ranking, but after graduating from those universities, Japanese talents don't have much chance to devote their talent for a winning business. In all fields from high tech to middle and lower end, japanese companies are losing out to China, South Korea, Taiwan. Japanese brands are just disappearing. 20 years ago we still saw NEC, SHARP, TOSHIBA ... but now? What is a good japanese brand? Even Toyota is under much skepticism for being late to the electric car race (toyota thinks that electric cars can't sell well but the fact is all developed countries are building infrastructure for electric cars and may ban combustible engined cars in big cities)
Sony
I love sharp smartphone it was a good Java phone
Not a lot of cars in Japan
Anyone mentioned the Plaza Agreement when discussing the lost 30 years?
Plaza accord is the most censored topic in the west.
Stock market does not necessarily equal economy. Your optimism part didn't have any specific examples of innovation. I'm bullish on the market, but not the economy.
If true? Then what is shown in video is a cause for joy for everyone....Cautious optimism that is... but still a cause for joy
Fake news. All Asian economists and commentators know that the US is harvesting the yen recently, and the Japanese economy is entering a major recession due to the depreciation of the yen. This kind of propaganda from the West is more like a propaganda weapon before the US harvests Japan, so that European funds can relax their vigilance and enter Japan, making it easier to harvest.
Labor is really not a problem to Japan ❤❤❤❤❤❤❤❤❤
Plants may be built everywhere in the Pacific bassin
Quality of life is closely tied to economic output. Quality of life is why people pursue economic output.
How can there be growth if industry production is deteriorating
A key ironic point to notice would be while the Japanese intense work culture is its bedrock for productivity ,it is also the bedrock for its decreasing population and its problem of aging population. A conundrum indeed
Japanese stocks at an all-time high doesn't mean Japan will rise again. It became the 4th biggest economy a few months ago, losing the position to Germany. The current weakening of the yen is making Japanese poorer.
1:43 Jobs shortages means businesses are growing, how? Didn't get it😕
When businesses grow they usually take on more labour to meet demand. There shortages in workers would indicate that many businesses are growing as they cannot get the labour/jobs they need
He should have said labor shortages, not job shortages.
Lack of younger generations
Labour shortages means the companies need to offer higher salary to hire new people. There's competition between companies in the job market.
Otherwise, inflation will not necessarily push the salary up.
18,4 K
Yet its currency is dying down
🖤🖤🖤
⭐
Since Japan doesn’t have resources, it needs to innovate to rise again. In the past their trick card was cheap industrial & electronics manufacturing, which has been overtaken by China, Vietnam, Thailand etc.
Japan isn’t particularly strong at innovating, as they are stubbornly conservative. Sometimes that works in their favor as trends fail and backtrack. The other option is to fix their demographics by encouraging decentralisation and healthy lifestyle. Not easy tasks but Japan is still a powerful country and time will tell how it will stand up to these challenges.
China doesn't have Oil and Japan might not have any hard asset but high skilled labour coupled with overall stable environment will make any country to become one of the most powerful countries.
Doesn’t have oil??????
They do and they produce and consume oil
In 2024 China is the 5th largest oil producer only behind USA , Saudi Arabia, Russia ,Canada and ahead of Iraq.
Saying China doesn’t have oil is the most bs thing I’ve ever heard.
You act like China doesn’t have resources 💀
China is a major oil producer at #6 in oil production with 4 billion barrels per year but China consumes much more oil and has to import 11 billion barrels per year which is #1 in imports. China has large incentive to reduce consumption of oil dramatically, if oil prices rise globally than Chinese people will come under heavy pressure with fast rising oil prices. China needs to move to EVs and away from oil very quickly in the last 20 years the USA also needs to do that but has more time due to Fracking the USA has maybe 40 years but both countries need to reduce oil usage before prices rise and damage their economies in the long term future so they should be working together to move away from oil with EVs, Solar, Wind and any other technology like using Methane and other resources that are not yet being used.
Labor productivity being stagnated is a huge snag when seen in the context of demographic decline.
Demographic decline is a blessing, go look at all the countries with uncontrolled demographics as they are all doomed to remain in the third world for centuries to come.
Strange how growth = nothing is affordable anymore
👌👌
Few knows that Japan was close to be invaded by the Soviet Union at the end of the WW2, but the total capitulation to USA made it impossible. Stalin was so frustrated with the quick surrender of Japan, eventually he ordered the capture of just the Kuril Islands. It's not that Soviet Union would have grabbed more lands of Japan, it was rather that the Soviets were desperate to divide Japan, like they did with Korea, Vietnam or Germany.
Well who knew that the population decline could wreck havoc on a future of a nation. I think they should look for automation and AI technologies to make up dor that gap as well as make changes to their immigration structure.
Let's go look at all the overpopulated countries shall we ? Oh, what a surprise, they do far far far worse and they go swarm other countries as "migrants" 😱😱
I couldn't disagree more with the idea that robotics and AI will serve as a reasonable solution to offsetting the burden of the declining population in Japan. In theory it seems reasonable the way you explained it but it assumes that only good will come from robotics/AI in this situation and that people can and will realign within the job market from a now unneeded job to a better job than the last one. Many will not find a better paying option than the one they have and not everybody through the mid-point of their life will so easily transition to an unrelated job sector from the one they're coming from simply because the job is more important to Japan's economy. Many jobs that will persist are specialized jobs that require degrees or unique skills.
The other main problem with the thesis you're proposing is that it doesn't account for the increased financial burden the aging population puts on the government's finances without tax dollars to replace them. Even if robotics and AI help stave off the potentially crippling effects of worsening labor shortages, simply enabling these companies to maintain a modest growth rate, unless they raise taxes across the board they'll run an expontially increasing deficeit in taxes as more citizens retire and age.Japanese people lost their minds here when the government raised sales taxes and historically they have when anything gets more expensive. I remember when a major book retailer proposed raising the price of manga by 10 yen and people were outraged. Ironically Japan benefits from people dying because they have a hefty inheritance tax, people stop drawing pensions, and don't use the medical system. It's unclear what the net effect is to the entire economy given some amount of consumption disappears as the population declines.
There is very little reason currently to be optimistic about the medium and long term health of Japan's economy because the population crisis is not going away and most of the population here does not want foreigners coming in large numbers to Japan. Integrating here as a foreigner for me has been very difficult and I am someone who worked hard to learn Japanese and respect the culture no matter how strange some parts are to me. It's not easy even if you give it your all. In some places you're simply tolerated, in other places you just "fit" in, and overall you struggle to find places that feel like you actually really belong. I don't say that with any anger or bitterness. It's just the reality.
I love Japan and I don't plan to leave but a couple years of absolutely modest growth in the face of a rapidly disappearing population shouldn't lead to medium or long term optimism. Japanese as a language (being arguably the hardest in the world to learn) is actually one of the biggest roadblocks to foreign workers coming to Japan, finding good paying jobs, and integrating. Europe, Australia, New Zealand, Canada, and America offer many better prospects, a simpler path to integrating and enjoying their lives, and they have governments who want foreign workers. Japan is in serious trouble and for a country that needs to move fast to address these issues they are notorious for moving slowly and picking the "safe" option. They need some radical ideas and they need to take some big risks.
Really? Now?
If the exchange rate continues to be around 150 yen to the dollar, Japan will eventually begin economic growth.
The influx of immigrants has reached 300,000 people per year, so the growth rate may be significant.
(Compared to the “lost 30 years”)
Don't hold your breath lol
Then why is the yen in free fall lol
You don’t seem to understand the role of currency in economic development
Not if the US can help it
This title is misleading. All you've done is speculate
What about 263% of GDP National debt?
Mostly internal.
@@jimbocho660 It doesn't matter if it's internal?
Could have told the story in 5 minutes.
Sort of growing…
greece plz
The thing about imperial palace and California real state value was a myth, come on man....
Al property valuation are a myth
last 2 minutes of the video are not convincing.. would be better to keep the high standards of previous videos
Deflation and low prices have bad consequences only in the mind of the economically illiterate. Ironic coming from a channel named after the most free market principle.
Unfortunately, other countries exists. You having deflation, while others are still having inflation, means you increasingly cannot afford things from others. Eventually, that could mean not just lost of capital, also talents. Working elsewhere would seem a lot more tempting to everyone
@@li_tsz_fung That's only if the value of your currency goes down, not if the prices go down. Your currency goes down when there is less demand for it.
I work in Japan. I am an engineer and my salary is way too low so I decided to change my situation
@gerhard589 You don't want higher wage. You want lower prices.
@@TishoYanchev I Want to be able to visit my family in the US. That's not possible if nothing changes (salary in Japan, prices in US, etc)
spoiler: it's not
"Japan is the most heavilt indebted country in the world."
America: 0_0;
Why no mention of the Plaza accords?
because the plaza accord is the black sheep that often gets brought up when talking about Japan ignoring the fact that it didn't only affected Japan but also other countries such as germany yet those countries didn't experience decades long stagnation like Japan did. At the end of the day, Japan's stagnation was caused by its property bubble that it created as well as other factors such as an ageing population
Because that's a favourite line of CCP copy-paste propaganda online, when in reality, it didn't really hurt Japan as much as their own over-valued stock markets and property sector did!
It won't affect German economy because it wasn't too dependent on USA.... but japan most of its exports and bussiness were based on america. And as you know what America does to anyone who comes in their way.
@@mandeepkatwal1270 the problem is that you're ignoring the fact that Japan's lost decades was a direct result of their property bubble. Not the plaza accord or trade wars. Again, Germany is only one such example with many other countries also signing the accord. You're also ignoring the fact that the rise of places like china and Korea means that manufacturing was always going to move out of Japan unless we just assume that those countries will simply remain backwards had Japan not sign the plaza accord which is ridiculous to say the least
@@mandeepkatwal1270you know you make it sound like a conspiracy. If you did your research you would know how countries manipulate their currency to export more which japan did which south korea and china did too. Having your currency gain value doesn't mean your country's economy is gone. The currency gaining value led to people and companies heavily investing in real estate and the stock market which created a bubble. Then they started quantitative easing which didn't help from their debt burden. I just listed you two factors but you talked about plaza accords only wonder why?
"Japan is Finally growing"
Also Japan: GDP ranking was fallen to 4th for the first time in 50 years.
Paid by Japan govt
All that means is Germany grew faster.
@@k.vonschue5938 The German economy is also pathetic these days.
@k.vonschue5938 Japanese yen value was declined but euro didn't, so Germany became 3rd largest economy ,took over japan.
You serious?
It drop to 4th economy
9:29 audio mistake
the demographic challenge in Japan is the same challenge other Western countries are facing. why should we preserve a group of people that will only stifle and sabotage the future prosperity of nations?
deflation is good for soceity...bad to the reckless & greedy,,,
AI won't "save" Japan's economy. Whether they like it or not.
Not national debt.
It’s government debt
Or is it just another bubble?
Nope… This is just a sign of Japan’s rich and powerful are escaping the island. They already have massive foreign assets including real estates. That is why they can continue Abenomics after all these years. Japanese people are being squeezed to the last yen right now…
all rich people have foreign assets
2 nd comment
I dont understand what everyone see in japan when gdp is still stagnant. And population is still low. This is a bubble, dont buy into japan coming. If you like japan that much then visit . Dont buy into the stock market.
Hahahahahaha, really?
Inflation growth is not real growth bro yen is like 160 from it's like 128
Devalued yen will help Japan's exports
@@charliestips557 but japan's exports is less than imports since 2022
@ArgonFelix I think it is acceptable for Japan as far as they are able to export high-valued industrial products more than raw material, just like Korea.
@ArgonFelixIndonesia will over take Japan soon too
Artificial wombs are the solution. Change my mind.
are you willing to bet on your life it will rise again?
-1 baby per woman say not on my watch buddi
Another thing that needs to be done is developing the Artificial Womb Technology asap and making it an accessible reality for the average women, that can allow women to have kids without the need to go pregnant and give birth themselves and overall make having kids as easy for a woman as it is for a man.
Along with this, the gender inequalities in the traditional family system needs to be abolished and make it more gender equal and fair to both men and women.
Along with this, working hours should be made more reasonable.
This innovations and measures are only the fair and feasibile way to actually help reverse the declining birth rate across the world.
WHAT. THE. ACTUAL. F????
you serious fam? artificial womb isnt a priority we have plenty of real wombs, and we will have a population of 10 billion by 2050 WE DONT NEED MORE WOMBS🤣🤣🤣🤣🤣🤣🤣🤣🤣
you are crazy... btw its impossible with current tech to mix 2 persons DNA, its just impossible...aybe by 2100 there will be some advancements on this field but this isnt the priority for anyone lol this would exacerbate the worlds problem tenfold
This is opposite of what many economists are saying.... Japan followed extremely low interest rates and extravagant monetary spending for decades to curb deflation. This led to highest Debt/GDP amongst any developed nations. Now, when west raises Interest rates and Japan continues low rates, capital is leaving Japan in search of better rates, leading to massive currency devaluation (20% in just over a year). This has caused inflation, without actual growth (real GDP contracted 0.2% in 2024Q1). Now Japanese central bank faces a tough choice, increase interest rates, and pay huge interests on its debt and risk deflation , or keep interest rates same, and face more currency devaluation
It isn't. Get your facts straight FFS.
Japan is cheap now
Nothing can help the Japanese if the population keeps getting older and dying. No amount of automation is a replacement for consumption.
I have to disagree about the quality of life part. Japan's quality of life is starting to fall behind placed like even Poland and the Baltic states. It is not able to leverage its industrial and economic strength into making its citizens lives easy, as seen in metrics like cost of living, small living spaces, stress, working hours and suicides.
Until the weight of the debt is unburdened through default or hyperinflation, japans economy is going nowhere. They need a debt reset. Also, $2B in 1950 is more like $50B today not $20B. It just goes to show how government spending destroys a nation. Government is THE problem not a solution for anything at all.
Arranged marriages and baby making 👶 quotas.
Japan is finished.
If Japan's economy was really growing it would take care of its debt and kill inflation.
I doubt it. The generation is lazy as F
Close cooperation with China is the key to Japanese success 🇨🇳💛🇯🇵
😂