Why (Almost) Nobody Invests in Japan - VisualPolitik EN
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- เผยแพร่เมื่อ 28 พ.ค. 2022
- Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite everything, Japan is still one of the countries with the lowest Foreign Direct Investment in the world. Why do multinationals invest so little in Japan? Why does North Korea alone have less FDI in terms of GDP than the Land of the rising sun? Is it an opportunity? In this video made in collaboration with Value School, we tell you.
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Work culture, language barrier, resistance to change, national security issues for trade secrets, double standard when it comes to treatment of foreigners. Japan might be better for holiday than investment.
true
I think work culture and resistance to change is really a big reason. They have the lowest productivity among developed nations.
“Double standard”=racism. I love the irony of seeing a “Black Lives Matter” sticker on the back of a made-in-Japan Prius. Yeah, like the ultra-xenophobic Japanese would *ever* let black people in their country in any real numbers.
addtionally,cuz japan is rich,very rich,everything is expensive
you pretty much hit the nail on the head.
I remember conversations in the past with different Japanese poeple
On how Japan kept Walmart out of Japan, kept Xbox from succeeding, and prevented Uber from turning profit.
Japan is extremely good at keeping foreigners out.
The last one is good tho
@@dayday6829 true
What's good though they keep dying even faster than before !
@@PerryKobalt isn't good
@@Gnashercide How would you convince a donkey who is stubborn when his knees are rotting ?
That is exactly what Japanese traits are to foreigners
This guy speaks so fast I had to double check that my video speed wasn’t on 2x
Had to watch at .75x
@@Emperor-Of-Karma same
Bruh, same.
I think its on 2x but not on youtube haha
crazy
It's because of all the anime betrayals
As an employee for a Japanese company in the USA: I can agree that they resist changes in work culture and technological developments that are not Japanese. They are also extreme micro-managers so that nothing can change that they are in charge of. They view their work ethic, educational system, and management systems as superior to any other culture or foreign powers even when it is obviously flawed. They want their foreign workers to simply do as they are told and don't try to improve anything. (if it is broken don't fix it) I see their management struggling to change the corporate culture and to especially harness USA's inventiveness and creativity but they are so rooted in their culture and societal rules and way of life that they often fail at everything but reinforcing their own way of doing things and their lives by trying to force their methods and social norms on every society they contact. It makes me wonder if they will ever over come their own stumbling blocks in thinking. What is worse is how so many Americans want to emulate them in totality rather than picking what is good and discarding the rest.
That’s an interesting post. I have no experience of it myself but it would be a natural consequence of centuries of isolation. My own country is also an island adjacent to a continent but we have never been isolated in the same way. The result is a much greater openness and flexibility. We have a problem with poor management as owners and investors seek short term profits (some of our most celebrated historical figures were privateers ie official pirates) and foreign companies have greatly improved practices. This even happens in sport: the wealth of the Premier League has attracted the best coaches and players and transformed the whole game of football here at every level.
Japan is not perfect, but by the numbers GDP and worker pay is near top of the world. It's sorta amazing Japan and US income didn't collapse despite 1b Chinese workers rejoining the world in 1990. Capitalism is doing ok for Japan and US. If they need to just cut seniors health care that is always a huge cushion to cut, so seniors in 70s don't live as long is not major. I'm old, ha, silly a bit how much govt spends on us...
@@mostlyguesses8385 GDP in total size is 3rd in the world but GDP per capita is low in Japan. Even HK and Singapore has much higher GDP per capita, and soon S Korea and Taiwan is going to surpass Japan's figures. Worker pay is also low and stagnant.
@@kageyamareijikun ... Japan is not falling in income, is richer than 95% of world, 4x China, yes South Korea amazingly caught up. """"2020 came to $39,890 in Japan, $31,954 in South Korea and$28,054 in Taiwan""""" Singapore is a small fluke country. We in West and Japan all are 7x richer than our grandparents with unlimited entertainment on magical cell phones and we live to 80, can we not say capitalism and our countries are doing Ok or must we ONLY complain? Japan is hobbled by tough langauge, crap land w earthquakes, and WW2 fucked em to rubble, sooooo Japan is doing well this generation given problems. .. I'd rather be Japanese than Brazilian with just 35% the income. ""Japan has a GDP per capita of $42,900 as of 2017, while in Brazil, the GDP per capita is $15,600 as of 2017""". So Japan, I am impressed, don't listen to the heavy complaining. Ha. Jk
@@mostlyguesses8385 if you compare to the third world or WW2 era of course Japan looks good. But if you compare Japan with G7 or G20 or Singapore, it's obvious that the salary for ordinary people is quite pathetic especially with the yen this weak now. Don't get me wrong, it's still a nice, safe, beautiful and homogenous place to live in esp. if you are Asian and Japanese-passing, but along with the earthquakes, racism, xenophobia, low salary, high taxes, stagnant economy, etc, it has significant drawbacks as well.
One of my favorite Japanese idioms is: "The nail that sticks out gets hammered down.", mono-ethnic, mono-culture, risk-averse, innovation-averse, population has plateaued, and the working population is shrinking while expected to do more with 80hr weeks as well has somehow pop out more kids.
It's a country that was thought to eclipse the US in terms of GDP and since then has basically been flat for 30 years.
Yup im japanese and we got crazy work culture, immigration is hard as hell.. my mother is not japanese and it took her almost 25 years to get her PR even thou she gave birth. we say "respect" but old people are racist as hell, truly living in Illusion. i recommend people to go for vacation but never to Live in Japan,
It’s a “Saturn” economy. The old eat the young. For most of human history the old didn’t “retire” instead they stopped doing productive labor and started doing child care so their own children (who were now parents themselves) could labor.
But as with all western states we now expect old people to “retire” and not take care of young kids.
But... so many of us drive Toyota's and game on Playstations... are they really doing that bad?
@@mordant221 yes. They take out a lot of debt, and do funny business with their markets just like the US does.
Look at their bonds, equity, and real estate markets: flat since the 80's. GDP has halted as well.
Can you think of some kind of new, widely adopted, technology that has originated from Japan in the past 30 years? Like other commenters have stated, they are so risk-averse, that they simply don't innovate.
@@mordant221 they are doing even worse. Yes they do have conglomerates that produce lots of products but the margins are actually low and many Japanese kierutsu are drowning in debt. They can’t afford their operations. And think about Japan as an innovator: who is the Japanese search engine? Their web browser? Their cell phone os (only Sony still makes cell phones and they barely sell any).
People who’ve been to Japan will tell me about how dependent on fax machines the country is. The digital revolution of the past 30 years has passed them by.
Japanese companies are riddled with debt with only a few strategic products actually still competitive on the world stage. And much of their manufacturing has been outsourced to cheaper labor markets but Japan hasn’t been able to reap much benefit from it.
And on the global stage Japan is a non issue. They are even more dependent on the US for security than Europe is.
Between the debt and total lack of innovation, and being stuck in the early 1990s culturally, it’s a dying nation.
People criticize Japan for its work culture, rightfully so, but its much much worse in South Korea. In fact, many young Koreans immigrate to Japan for better working conditions lol
Right? Everything he says applies so much more to Korea... It's even lower on the FDI charts and is even harder to invest in..
According to my uncle who work there, lot of people in Korea have mindset of "I have to success and everybody else have to fail, like miserably fail" and "If I fail everyone will know and everyone will know me as this guy who fail at this".
Japan, China, South Korea. A hell to live in 💀.
LOL. Bringing up incorrect news makes you look like an insecure Japanese or Japanophile. Look both countries have work life balance issues but Koreans are not flocking to Japan because it's a workers paradise. For the small amount of Koreans that may move, it's because of a job offer, they like Japanese culture, married a nice Japanese husband/wife, etc. Anyhow if Japan wants to get out of it's 30 year rut, it needs to self reflect and make changes instead of desperately comparing itself to others.
Considering how much Japanese companies invest abroad, you’d think they would be a bit more open to the idea at home.
Hey it's kind of like how all their nationals can willy nilly go to Europe and US for vacations but nooope no foreign tourists allowed to enter Japan for 2 years and counting!
Maybe it has something to do with Japan knowing FDI isn't the win-win everyone thinks it is. That's why they're willing to do it all over the world but unwilling to let others do it to them.
@@7054irvin smart comment. Westerners thinking they always outsmart everyone - they may outsmart Africa, but Asians are doing great - thier land and companies still belong to them - And I'm not talking about Japan only - China is rising, Taiwan, Korean, Singapore etc.
West thinks that open society is victory ... time will give answer if it is.
Mono culture, mono ethnic etc got one massive benefit - no cultural tensions, no ethnic tensions = higher stability.
Asians make choice - and I think they will benefit in longer run, while West is focused on short term gains - like getting more cheap labor at cost of losing cultural identity , social tensions and whatnot.Those already bite them in the ass. Countries like France/USA already on brink of civil war.
And how about Japan ? Not really, same Korea or China (though later is very authoritarian so w/e).
Japanese companies have to invest abroad, local growth is stagnant and going to decline due to population demographics. Companies have little room for growth locally, so they often produce in foreign countries to make use of larger workforces.
Why would they. They don’t need the foreign capital
I love Japan and raising my family here. However, I do not see much of what was stated in the video coming to fruition any time soon. The system in Japan is broken and the majority are okay with how things are done. Corporate Japan is hierarchical, conservative, and slow to change especially to any external influences. It may take a generation or two for any significant changes to occur. People often joke that we just need to wait for the dinosaurs to die off.
You'll do your kids a disservice if you raise them there.
Japan wasn't much better off in the Edo Era.
Let's change Demographics and social Standards among Children Age
10-13 Years Old
20 Years Later
Boom!!!!!
New Japan
GunBoat Dipolmacy 😂
I always get the sensation that I'm watching the video on 1.5x speed with this guy.
How foreigners are treated there is a major factor.
Look at how Carlos Ghosn was treated. Their "Guilty until proven Innocent" justice system is scary, even if it may be the reason why crime is rare there.
You are omitting one very important point. When covid 19 happened, the Japanese government set aside money to help Japanese countries move their manufacturing facilities out of China and back to Japan or other countries. So far over one hundred Japanese countries have shifted manufacturing back to Japan. So, the Japanese themselves a re investing in Japan.
Lol moving companies back to Japan won't help.no one is gonna buy overpriced Japanese goods lol
that's not FDI
You mean raising costs of production.
Side aside 1.5 billion.. and got blown out of proportion..
Japan’s not going to change, no matter how much some of their politicians may blather about that. Deep ingrained cultural issues prevent such reforms from taking hold.
I prefer Japan without foreigners. 🤭
Every time they changed was after someone invaded them soooooo….
Japan's for long been one of my favorite holiday destinations.
Nowadays, with the Yen so weak, even more.
Yet a fairly overwhelming majority of the folks I know who have lived and worked in Japan will testify that the country is one of the friendliest and most accommodating in the world to gaijin, but that it's close to impossible to become integrated into society, even if you have a Japanese spouse.
In addition, institutions and policies and just 'the way things are done there' will always remind you - politely - that you are - and will always be - a guest, no more.
In most countries that want to attract foreign talent, whereas xenophobia in general culture is difficult and time-consuming to overcome, policies and institutions take the initiative in making the country appear more attractive. But with Japan, the culture, social systems and government appear very well-aligned in terms of saying 'thank you but no' with a bow and polite smile to outsiders.
Thank you for your insights. The question is, how integrated (or active) do you want to be in a society? If you do your own things, mind your own business, it's all the same every country. Am I wrong? I would guess, many Japanese are just keep it to themselves.
Blah. Its like that is most places with a decent culture. If everyone is supposed to fit in, Japan would have to change to be this melting pot trash as in some other crappier cosmopolitans.
@@ichimonjiguy Not having worked or lived in Japan myself I wouldn't know. But from what I've heard there's a certain barrier to just 'feeling at home'. Maybe everyone keeping to themselves being the norm in Japanese society has something to do with it. Immigrants need not be able to identify as belonging to their adopted home, but people tell me they feel and are reminded frequently that they're out of place. Maybe they haven't been there long enough, idk.
Those do NOT matter to international capital. Japan is overdeveloped and has a shrinking market. Why would any country invest in such an economy when many countries are growing rapidly? It's not cheap, its pool of talented labor is ageing, it's geographically isolated and entering Japan is often risky because you're competing against local companies who often know the market better than foreigners.
foreigners are gross
I'd happily invest in Japan,except I only have 40 trillion dollars and can't do much with the 15 sqft of space that'd get me
Hahahaha good one
Fr
Funny, but Japan is actually cheap now. The prices haven't changed in 30 years+
thanks here's you box 😂
Japan is cheap now. Prices on homes, and everything else have been largely flat for the almost 30 years since I lived there and visited periodically.
Japan's 80h workweek culture is very frightening. I had a dream of living there, until I finally got an email about an opportunity in an English-speaking software company there. After talking about work conditions I refused. I'll just happily keep my life in Denmark which has one of the highest levels in the world in terms of work-life balance (in average 38h workweeks).
Plus you can get as much done in half the time. Working twice the hours won’t mean heat productivity.
@@MusicalMemeology yes, that's what the Nordic countries figured out and that's why for creative and intellectual work it's rare to see >41h/week
80 hour work week? I would never do that
It's the sad truth. There is a price to pay working here.
From my experience the cons may outweigh the pros.
Good on you & Denmark!
(Why am I still here ha ha)
Overtime is paid when you go over 60 or 80 hours for that month.
Which is also why some people just stay in the office and keep the seat warm.
People compete who can keep their seat warm the longest.
@@devippo Oh man that seems so draining! Maybe are you still there due to the food? :P
Despite of all the barriers, some of the companies like Mcdonalds, Starbucks, Amazon, Costco are all doing extremely well in Japan.
And ToysRus, when global declared for bankruptcy.
Yeah those companies are doing well but... most of the companies are changed into Japanese company. I don’t know how to explain this, they remain the company name but most of the brands are completely detach from its own parent company. So here in Japan foreign company mostly has Japanese rules,policies.
They work on its own. Hope you can understand what I want to say
Don’t forget about KFC, literally has become their culture on Christmast day to eat KFC
Japan invests in other countries cant it invest in itself ?
@@ParanoidTrip
Tower Records as well.
I actually respect Japan for blocking FDI. We wouldn't have had the likes of Sony, Toyota, Panasonic, Canon and many more if some greedy investment funds or corporate raiders would've been given greenlight to "invest" in Japan.
Unlike in some Eastern European countries which became just a junkyard and cheap labor for Multinationals because the local politicians refused to fight for the people/companies.
Finding the right equilibrium is the way to go.
I'm glad being able to hear the story from both sides
@@genechen3869
If you try to get _"Both sides"_ the Japanese side would represent only the company leaders. Nobody else is allowed an opinion.
Most Japanese people don't buy Sony Playstation games, westerners do. Most Japanese people don't watch Sony's movies, westerners do. Most successful Sony's games are made by their western game studios (Santa Monica studio, Guerilla Games, Naughty Dog etc). Most successful Sony's movies are made by their western film studios (Spider-Man movies). Sony just sit back enjoying the result of the hardwork of their western workers and the westerners' money. If westerners no longer buy Sony Playstation games or Sony's movies, Sony would probably go bankrupt. Sony clearly don't want to solely rely on their TV, smartphone and camera products.
Japan started this by not opening up to the world market. Slowly companies like Sony and Toyota realized that the world market is better than their own so they opened up slowly but most Japanese companies do not have any plan to sell to foreign markets.
Japan's presence overseas is pretty massive. Sony and Toyota are big names but there's also Toshiba with their laptops, they have tons of brands of home appliances, Isuzu makes a lot of trucks, Yamaha/Honda/Kawasaki/Mitsubishi dominate motorcycles which is a super popular vehicle in Asia, their convenience stores like Family Mart and Ministop is also present in many countries. Subaru is another car brand from Japan.
They probably have little presence in Europe and the USA since they have their own strong local industries, but in Asia, Japanese stuff are everywhere.
That said, South Korea and China have started to ramp up their global expansions with their brands and new products.
@@madensmith7014 South Korea will be extremely successful in the next 20 years and will surpass Japan in 10 years. Japan is on its way down, the only hope I have for it now is that it can solve it's demographic problem.
I think that the Japanese just didn't want to open up their country to massive FDI, which would have undercut the big Japanese companies at home. After observing developments in the US and other countries related to business without borders, the Japanese probably concluded that limited engagement with the world market is better for them.
@@KallusGarnet How country that have 0.81 birth ratio become successful in 20 years and surpass Japan that have 1.21 birth ratio? lol.
Selling to foreign markets and accepting investment into your own market are two completely different things
Japan doesnt let anyone in alp the while they are losing hundreds of thousands of inhabitants every year.
Time to recognize that human over population is the scourge of every living thing on the planet. Declining population is a good thing! For Japan too! It means for everyone.
Such a Donkey will of stubborness
When arrows hit their knees, they refused to admit they are needed help
So, let them bleed till they realize their own mistakes
Japan is the puppet in the hands of USA. They been colonised by USA and don’t have their own freedom. Usa use japan as base to control China and Russia and USA doesn’t need japan development as they could be competitive to usa. Japan broke contracts with Russia that could give a lot of benefits to japan. Now China got all Russian contracts and China now unstoppable.
'And they are better off without them.
Though it looks grim for Japan, I think there are benefits to them doing this...
For one, their companies aren't easily bought out by their rivals... China...
Japan is an extremely attractive country to invest until you start dealing with Japan bureaucracy and their xenophobic culture. Just try renting an apartment. Then try renting an office.
I adore the dedication of Japanese workers and professionals, but their bureaucracy is just unbearable for me.
the apartment thing is excusable when foreigners skip 1-2 months of rent before leaving the country. Happens more than you think, i personally know a teacher that brags about it when he taught in Japan.
What gets me is that Japan has this really high work ethic but their productivity is terrible. They haven’t figured out that working more hours isnt going to lead the better results.
@@MeEntertainmentJo_876 depends, some fields they are super efficient and some then just flat out fail. Compare construction in Japan with the US, and its day and night difference in speed and quality. Trump would kiss the border wall if they could build it as good as the Tsunami wall.
@@Pepe-dq2ib they are efficient, but efficiency isn’t the same as growth.
@@MeEntertainmentJo_876 because its too damn expensive when China can build something half the quality for cheaper. If they could price the Shinkansen as cheap as whatever the Chinese is offering, many countries would throw them a contract.
Let me share a comment by on of my Japanese friends “Japan is a country run by old men.”
Or put another way a bunch of people that don’t want to change anything.
The majority of elderly people in any society, in any culture, in any country...are less likely to accept and adopt change, especially if it doesn't jive with what they were raised with. They likely don't understand what is new, especially technologically, or what is considered to be 'acceptable' when it comes to behavioral norms. I don't see it as a good idea, at all, to allow people over 65 to maintain their positions of power in any level of government, unless they are clear minded and are able to adapt to change...which is super uncommon.
Most countries are run by old people
My former Japanese girl friend would not even want to bring me to her friends gatherings. Finding a job was nearly impossible and experienced subtle racism. I had way better success and acceptance in China.
What’s your race?
@Anal Farmer Think he probably meant ex girlfriend but I saw what you did there, well played.
Can relate. It came to me as lack of interest.
Haha, come to China and have a piece of communist. See you in the labor camps:)
@@missplainjane3905 dated the japanese girl here in my country but visited japan 3 times and toured china 1 time. Coincidentally i was with different needy people so wasnt really able to tour the places the way i wanted too.
There’s a reason why many investment funds’ benchmark indexes for Asia region exclude Japan … just saying
IMO, Japanese consumers are very fond of American brands. iPod was a top-selling items even when Japan's top electronic giants were still innovative and competitive. Today, most young Japanese own Apple products. Starbuck remains hugely popular and Red Bull (this one is actually Thai-Austrian brand) out-performs local energy drink by a large margin.
Japan has a closed society. Such feature is a blessing and a curse. Foreigners feel uninvited. They also feel naturally isolated and they end up leaving the country.
You visited
As you can see by comparing the number of immigrants accepted, China looks more closed than Japan.
I think it's a mistake to compare it to countries like the US, Canada, and Australia that are made up of immigrants.
The question is, how integrated (or active) do you want to be in a society? If you do your own things, mind your own business, it's all the same every country. I would guess, many Japanese are just keep it to themselves, as same as the average foreigners living in Japan.
That must be boring
@@neverlookback1244 If you want excitement, go to fight in Ukraine. Just kidding. There is a type of people in modern day Japan or elsewhere - I don't know its proper name - they stay home all day. Maybe you know that name?
@@ichimonjiguy NEETs. You don't need to be shy to say that out loud, and it's understandable. Some people just don't want to work nor want to get higher education for personal reasons, and it's their choice.
@@ichimonjiguy
You visited
When S. Korea is emerging and willing to adapt and change, learn from foreign critic and change. Toyota take a decade to update their touch screen and infotainment system… Kia Hyundai learn quick and implement 6 months later. That ideology give some idea on the issue
the last time japan was open to foreign traditions and overthrowing their own traditions was during meiji restoration. the results were shocking in a good and a bad way
@moszhnkz true it’s hard to compare which country is worse(besides the birth rate), I just hope that both country realize the importance of open minded attitude and flexiblity that could create before it’s too late for the country to fall behind
Excellent commentary and production video: Answered a huge amount of questions . 🌿👥️️👥️️👥️️👥️️👥️️🌿
Maybe because Japan doesn't have a healthy work environment.
This is it.
Japanese people want to have kids but just like in the west, they don't have the time to raise kids, can't afford a home and can't afford kids.
To bring back up the growth of population, Japan and the west needs to raise wages, enforce a maximum work hours per week law and make housing cheaper. Do this, and the population will grow.
☝️
You could say that about Americans who work longer hours and take less vacation on average.
Japan overwork is more myth than fact.
@@badluck5647 I worked in a Japanese company and traveled to Japan for business many times and there were a lot of unrecorded overworking hours.
@@karld1791 The States has the same issue. It has gotten to the point where adderall abuse is common to make up for the extra hours worked with less sleep.
As a Japanese, I believe main reason why Japan is so hard to grow, get invested and live a life is "Never make a mistake" society.
Regular work require 20 check lists before do a thing, and 10 check list after finished a thing.
And a guy made a mistake then check list gonna be 21.
If train delays for few mins(literal few mins, 2~3mins), train station announce "SORRY FOR DELAY, WE HAD TO CHECK FOR SAFETY, SORRY FOR DELAY WE HAD CHECK FOR SAFETY" endlessly.
Almost every kind work require "never make mistake" policy and which isn't possible for most people or gotta do things with extremely careful and slowly.
only the dead people never make a mistake, we are the living people, and learn a tons of things from our mistake, without these mistakes, we never grow up. hope Japan keep standing better and better
I imagine it’s because of Japans declining workforce and competitiveness of South Korea
Don't forget Taiwan, Singapore and Hongkong too
And Singapore as well. Though Singapore is small country when compared to Japan & Korea,but sg has made it big in its own way. Singapore is richest in asia & world 2nd rich. Sg also has the highest salary in asia/top 10 highest in the world. Sg been One of top 10 innovative economy in last few yrs but Korea only come into pic just last yr into this top 10 ranking. 🙂
@@monalisaaltenburg4879 SG is pretty much a dictatorship tho
@@kpjo4 Hey at least 1 party state does not cause more headaches on Economy unlike Japan who also 1 party state-ish for 90 years after WW2
@@PerryKobalt Only Singapore is leading the way(not the declining of Taiwan & HK since it’s related to china). Singapore is richest in Asia & world 2nd rich. Sg has the highest salary in asia & among world top 10 highest(the only Asia country that able to compete with the world level). Korea avg salary still has long way to catch up with Singapore. 😅
Also Korea only come into pic as top 10 most innovative economy just last year but Sg has been top 10 most innovative last few yrs(the only asia country got in again).😇🙏
I have long loved Japan, and still do. I admire their collectivism and ability to maintain their culture for so many years. However, population decline combined with xenophobic mindset is going to hinder them in the long run. Can this be overcome in the coming decades?
I don't think so, and I don't think the Japanese should do that. The Japanese economy was flat for national security reasons.
My personal opinion on culture is culture keeps changing and adapting since 5000 years ago.
There is no culture that can say it's 100% the same as it was 5000 years ago. The most a culture can say is it's 99.99% the same as it was 100 years ago. But how about it was 1000 years ago ? Insisting on 100% original is stupidity ....
Especially today is the globalization century.
Kinda easy to maintain your culture when you're on a isolated island.
Try maintaining it through facing countless invasions for 1000 years more than japan.
Japanese don't need Japanstan. It doesn't make them xenophobic if they want to preserve their culture
@@siyzerix Actually japan was the one that kept invading their neighbours and when they failed to invade China, they started to adopt Chinese culture. Their culture was shaped by copying countries that were stronger, like the west to become industrialized and colonialist in the 19th century, then fascist in the 20th century, nowadays you find a lot of anglicisms in the japanese language due to US occupation.
Just to make you aware your camera is really shaking, I think you missed a segment at 2:44. Been watching your channel for a while thanks!
(States a fact) "Check this out" "let's move on". I do this all the time
As you've been watching for a while you know poor editing is par for the course for this channel. It's actually a lot better than years ago when every video had either repeated segments, or segments that ended not just mid sentence, but mid word.
That’s fair, just feedback on this video more than anything
Highly interesting! This got you another subscriber!
look at the stream of foreign CEOs who have been booted out of japanese and internationally merged companies. olympus and nissan are great case studies on why investing in japan is a bad idea.
Meanwhile Singapore is the direct opposite, they welcome changes and foreign investments. But the working hours and cost of living are insane as well.
Maybe things have changed now, but back in the eighties when I was there, Singapore was doing great for international business but the local economy was really tough. Way too much supply for way to little demand.
excellent video, Grant! Even Buffett heard you and he went back to Japan
I studied abroad in Tokyo. Japan suffers from a sort of cultural collective narcissism and an unsustainable economic system that requires a mass influx of foreigners to rekindle economic growth and truly become a power on a global stage. Problem is, a lot of the things that make Japan Japan, like the almost non-existent crime rate, wouldn't really be the case anymore since foreigners would obviously bring quite a lot of crime and law enforcement would probably have to do more than just returning lost items which is 90% of what they do on a regular basis nowadays.
I disagree with the assertion that foreigners would obviously bring quite a lot of crime. That phrase plays right into the hands of the nationalists constantly trying to whip fear into other Japanese about "them damn foreigners". Its a major reason the country is so resistant to foreigner labor, harbors so much xenophobia and stereotypes. It has an incredibly tough and unforgiving immigration policy. In order to recover from simple human mistakes, one has to go through a series of demeaning demonstrations of subordination, offer heartfelt apology and plea for leniency.
But the numbers on crime dont lie. 2.89 million foreigners. ~10.7 thousand arrested per year for criminal violations (some of these simple visa violations). 0.37%
Clearly, very few foreigners are criminals. In fact, its so rare, that when something does happen, its ALWAYS reported on the news, making people think gaijin are criminals.
Worse, foreigners are often targets of crime, for a variety of reasons. Targeted at bars and dance clubs to be overcharged or drugged and robbed. Targeted in a variety of ways because they think "foreigners cant speak good Japanese so they wont bother reporting it." And foreign women are targeted in sexual crimes.
To be clear, Japan is an incredibly safe place for ANYONE to live. Crime is rare, and foreign targeted crime is rarer still. But its not zero. But it is INCREDIBLY rare that crimes are committed by foreigners. To suggest so is not only wrong, its destructive to the reputations of the other 99.6% of foreigners.
Crime is generally committed by people who have lower education. They just need to bring in educated people
Almost non-existant crime in Japan? Ever heard about the Yakuza?
@@josiahjacinto4156 Yeah the Hong Kong mafia has pretty much taken over, and they are more dangerous than Yakuza
I'd say, let them be. Let them be isolated. Let no outsider ruin their purity which we all adore. Let's cherish who they're from afar, maybe go for a trip, live there for a bit and swiftly buzz off. Do you really want to see Japan change for and because of immigrants? Did you not see what's happening to countries that has let in immigrants with reckless abandon?
The refusal to invest is the fact that the bank of japan has been playing games to artificially delay the impact of bubble bursting by purchasing corporate debt and equities for the past three decades
That's going to implode in their faces.
Good point of view.
Culture difference, language barrier, already high GDP, low consumption, shrinking domestic market
Japan's "language barrier" is not any bigger that Finland's or Hungary's "language barrier".
Just saying ¯\_(ツ)_/¯
Why low consumption a problem? Not at all. Why waste like Americans ?
@@user-lb7rg3cx6w it's not a moral or environmental thing. Consumption is not necessarily energy or material cost. Lower consumption generally leads to less goods purchased
the first 2 don't really explain it, like there are different cultures and languages around the world it's not like everyone else speaks the same language 🙄
@@prplt u don't get it do u??
looking good, Grant!!
I have been telling myself for years to do the needful: open a brokerage account, buy ETFs or whatever, just play it safe. I think it's time to admit that I'll never be a smart, thrifty, DIY investor, like all millennials are supposed to be.
Personally, its ideal to use CFA, I always tell people that if all they want to do is invest successfully, there is no secret sauce but you need to commit at least 4 to 8 hours a week to research so you can stay ahead of the markets. if you're not willing to commit that kind of time, you have no business growing your money and you should hire someone else to do it for you.
@@emilyjacobsen9955 Everyone in positions of authority or with influence over my future has given me many reasons not to trust them, including “financial advisors.”
@@kansasmile Sounds reasonable, I need to find a financial advisor who is on board with my plan and will work to maximize the return on my retirement investments.
@@blaquopaque Money and stocks are not zero sum. If someone's stock goes up doesn't mean someone else's doesn't go down. My advice would be to base everything on percentages. Set a certain percent to very safe investments and a percent to riskier investments and so on.. Stick to it, no matter what.
@@kansasmile I just looked up this person out of curiosity, and surprisingly she seems renowned. I thought this was just some overrated BS. I appreciate this.
Can't say I blame Japan for wanting to cling onto their way of life. The US and many European countries have completely sold out their cultures and demographics for the sake of companies - and their economies. Yes we are more productive and can afford more things, but our cities have become slums for the world's poor and growing increasingly dangerous. Furthermore, the foreign workers were bring here in droves are largely mistreated (since they expect less from their employers than native born Americans), and they don't assimilate into society. The Japanese should take a lesson from us westerners and tread carefully.
well cultural assimilation works better for some western countries
In the US they do assimilate.
Bingo, not everything is about GDP. Already Europe is so different to America, because we have this immense cultural heritage.
@@justinsutton5005 Not so much anymore. Since identity politics became mainstream the government and media have been discouraging assimilation to keep the races at eachother's throats. The elite want America to be multicultural so they can stoke racial and ethnic tensions to keep the people divided so we can't rise up against them.
@@kcm489 Yeah no it happens still. It takes around 3 generations for full assimilation to complete.
Worked as a senior program developer at Samsung in Saoul and Fujitsu in Japan for around 3 years each. The pay was great but it has been the worst 6 years of my life. Working to death is an understatement. Samsung is the worst as it's very hard to escape their contract terms. Life in prison must have been bliss. Returning to Germany was great as I finally felt life a person and. It a robot. I am working currently working at Kaspersky labs in st Petersburg and honestly the best decision of my life.
In Japan they treat foreigners very badly as we are seen as failures and lazy. If you do go to Japan, go as a tourist. It never to work. Fujitsu at one point had nets installed in buildings so people don't commit suicide but that statistic is a big no no in Japan.
Its a wonder why Germany has a higher gni per capita than Korea does. You guys hardly work compared to us, we have better tech, and yet you still outperfom money wise. Its quite a bizarre mystery to me.
@@chukim8012 I respect the work that is being done in both Korea and Japan however don't compare Germany and Korea in Euro's as it's very biased because the Kon trades differently then Euro. You are also looking at 2 very different cultures and systems. Nothing is wrong in both of those but during my time in Korea I noticed that people are overworking themselves in order to show how good they are. Another reason why Germany is looking good is that Germany is surrounded by countries that don't compete with us on the same lever of manufacturing and hence we sell to them. Korea on the other hand is surrounded by highly developed and industrious nations and you compete against them.
This is sad but true.
Good on you for getting out.
I ask myself why am I still here...
Working in Russia sounds like it may have its downsides too...
@@tomriley5790 The main cities are actually really nice, and the weak currency grants you a better purchacing power if you earn in dollars or euros.
i really want to like this channel. the topics are great. the writing is good. i can almost get over the 1.5x speed of delivery. but the editing. omg the editing. you don't need to edit out every breath the guy takes. you don't need to snap the zoom back and forth.
just slow down the whole thing. be calm, chill out. let it be delivered like a human being would. stop editing out every pause and zooming crazily back and forth for no reason.
I agree....
I had to slow it down to .75 speed then it seemed more normal
good job
Jain has a lot of reflecting and work to do before it’s ready to incentivize multinationals and a more diverse work force. I’m mixed Japanese and American but don’t have strong Japanese features. I worked in Japan for quite a few years and it’s worknculture is still very rigid and business is surprisingly very low tech there.
Many people will just blame demographics for Japanese poor performance on their economy.
In reality, Japanese demographics would be less of a problem if they managed to raise productivity. As of now, the Japanese are the least productive, behind the US and Canada, France, Germany etc. This has just made the demographics worse.
Many people still believe Japan uses loads of robots and etc, at the moment, china is the one leading with the most industrial robots, although they have a low robot _density_ per worker.
I lived in Japan for three years. It's still a very insular country and culture. It's like trying to fit a square peg in a round hole. They do things very differently from the rest of the world and seem to be proud of it.
@@tommyanomaly6193 It's a land of contrasts. They are extremely productive in some areas and incredibly traditional or unfeasibly weirdly inefficient in others.
In the end, it's a cultural thing.
And I find it funny how the first guy talks about Japan, US and Germany as unproductive. Well, that's still the leading nations around the world, in productivity.
You can almost always point to a chinese example were something is done better. Naturally. And find thousands of cases were it isn't. Ignoring that they are 1,4 billion chinese, more then the populations of the whole of Europe, the US and Japan together and have over half a billion people being subsistance farmers.
How do you raise productivity in an aging population with a tiny group of young people with consumable wealth? It's near impossible! The two things are so intrinsically linked within market economics
Japan needs to change their laws and culture to fire unproductive workers.
@@liamr194 Automation and AI, immigration, education.
The three thorns in the demographic side.
Individual Japanese workers are not productive. That coupled with their demographics is the reason why their long term slump is still here.
They should also increase the quantity and quality of elderly pensions and social services. The "silver economy" has just started to come round in China. they've released a private pensions system and increased the amount of goods and services for the elderly. This means despite a decline in population, their elderly will be socially secure and pensions allow them to have considerable spending power.
This is already happening in America.
The system is closed and inefficient. Japan just afraid? or not trusting foreigners. The company registration takes time and asking for a lot of documents. For foreigner, finding a landlord who is willing to rent a space to you is difficult. It is also difficult to get a bank who is willing to open a company bank account and move money in and out of Japan. All these issues exist even after you show them "the money". Most of all, too little people can speak English to handle any foreign related business. Basically, I do not think the country welcomes foreigners, they are only ok with tourists.
There is 技能実習生制度The Organization for Technical Intern Training (OTIT). You can get a blue collar job and work like a slave.😊
Foreign capital may see Japanese firms as too difficult to invest in, but from the other viewpoint Japanese firms do not need foreign capital if their market is not expanding.
I am clueless on the subject but I often wonder what psychological effects still persist from the devastating way in which WWII was lost by the Japanese, especially considering imperial Japan’s arrogance going into that war. I marvel at what lack of understanding Yamamoto had of American culture, having graduated from Harvard and being familiar with American’s temperament once Effed with. You could’ve got a good clue as to how we were going to respond by just hanging around a bar for a night to watch American’s go from affable to insanely dangerous in a split second if one were disrespected adequately. Yamamoto was exactly right about having about 6 months to raise hell in the Pacific after throwing a hell of a sucker punch in Pearl Harbor. The fact they ventured to give us a whirl, thinking we’d sue for peace, even if they destroyed our Pacific carriers that day is mind-boggling. Talk about a monumentally misguided character misjudgment that could’ve been avoided. The other option was to stop attacking China and the US would’ve un-sanctioned them. The leadership back then was psychotic.
They FU and FO. Stay strong Murica!
I remember when the cruddy American cars, back in the 70's, were forced to compete for market share with the Japanese cars. Some claimed, dire consequences, none came, yet the American automotive consumer now has a better selection.
I have a Japanese descent friend, his mother was Japanese and becomes an Indonesian citizen. He told me that his mother loved living here because she feels free.
Talking about foreign labor in Japan I would really like if you talked about the poor work conditions of many of the immigrants that work in Japan.
I’m talking especially about those with a visa of “specified skilled worker” 技能実習生, a system that has become a problem many times in the last few years and has even been called “slaves system”.
Besides, in a country where working regulations are rarely respected like Japan, even having a university degree or special qualification is not a guarantee to be able to settle in a good job position avoiding the so called “black companies”.
Furthermore, Japanese bureaucracy is so detailed and takes so much time that at times Japanese people themselves are not able to keep up with it. Supervisors that are supposed to check the work of their overworked employees are overworked themselves, so they end up signing incorrect documents etc. (this last one is based on my personal experience so it may probably not apply to the whole country, but it is an issue indeed).
It may be bit off topic but this situation is caused by the government working policies and has also an impact on the economy and growth of the county.
No one is forcing them to stay. They knew what they were getting into when they choose to got there. Look at the rich Arab gulf states. Every south east asian workers that goes there, knows that they'll be treated less than the average locals, yet they keep going. It's not slavery if you choose to be one. It's like the Africans that willingly go to Libya, and then demand refuge in Europe to escape war in Libya. Well, why the f did you go to Libya in the first place.
You visited
I used to work for Subaru during the 2010 as an engineer right after college. They used to have exchange labor program Meaning a U.S. engineer could work in Japan and having U.S. salary. They would do the same with Japanese engineer. As a country Japan is amazing working culture can f×÷k suck it. After the 2 years non of my U.S. colleagues part of the program decided to return for thr third year. The Japanese engineers stayed in the U.S. and is been almost 7 years. XD I think some already started having families.
You visited sir
Don't worry about it. Japanese people are happy🇯🇵🌸
Potential error: you say at 2:45 to “check this out” but no graphic appears, instead it has a few shots of cityscape and then at 2:49 you say “but having said that let’s move on.” But there was not anything said!
Why are you on speed?!?!🤣🤣🤣
I can only watch this on 0.75 speed🤣
I do invest in Japan. It's call HENTAI 3D.
interesting video, I look forward to seeing what Japanese viewers have to say about this.
Great video ,,,, lived in Japan 16 years however it is very closed at the Corp. level
Visual politics needs to talk about Ecosia they are a search engine that plants tress
Japan does not have the violent crime of most other developed countries. They like their culture and what they have created. Anyone that wants Japan to change needs to think very hard about the destruction that will mean for their society. I doubt they want to see people that drop rubbish, talk 'street', stab them, talk loudly and aggressively, have no manners and all the rest. Japan has done exceptionally well. The issues now are only issues if you deem them to be so, not because they are. People have predicted Japan's demise, yet it still has a lot of wealth and lives as [it] wants to live.
You know japan you are guilty before trial? search it up...
@@NineSeptims You should try living in an Islamic country then, or China, or in fact most of the world. Japan do not have multiculturalism ruining their nation. They demand integration, and quite right too.
@@richardwills-woodward5340 Im not talking about multiculturalism thats a whole can of worms. I am saying japanese legal system is unfair and assumes guilt.
There is no integration in Japan.It doesn't matter whether you are an asylum seeker or a foreign phd student,even if you come from a country of the same race (China and Korea) the general atmosphere against foreigners is hostility and suspicion
@@ihavenojawandimustscream4681 And quite right too. Look at the damage it has done to the UK, Germany et al. Japan is well justified in light of what it has observed elsewhere in keeping its own culture close to its heart.
In japan you only start paying taxes if your buisness generates more than 150.000 dollars anually .
this is actually awesome for start-ups
Similar in Singapore except it's 200k.
You should really update the stock music intro. I've heard that on a few TH-cam channels now
Can you compare how Costco,Starbucks,P&G, Amazon, Apple, Google, Disney, Mercedes’ benz, Chanel, Gucci, Twitter operate in different countries? These companies seem to have huge revenue and profit from this market.
Is the frame rate of this video somehow low, or is it me?
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Haha 😆😆you don't have to be shock Miss NORE is really good and everyone loves genuine services, she've helped me recover what I lost trying to trade on my self.
Wow intresting. I'm a newbie.Please how do I reach out to her? Investing is better off than saving my money in the bank How much profit could €5000 investment, yield me?
I invested with her because she helped my cousin to make a gain of €10,000 in 9 days
@Wilson A J Thanks for the recommendation I just texted now and she attend to me nicely
Bitcoin is bringing a different revolution in the world economy. People who are optimistic investors earn consistently....... Others will just sit and watch.
I was thinking that I had accidently speeded up the video in the settings, but no, that is his normal speech rate. Ha😂
Important question - where is that shirt from? Heck, both of them are things I'd wear
Japanese respect their culture
And they will die with their culture.
Porn cultures? And overwork till you dies and lead suicide?
why no one invests in japan?
do you remember some time ago in the 80s japan was set on track to surpass the usa economically
they had worse rules and polices than the ussr (everything we preach against was in a government policy ,monopolization, price fixing, capital controls )
and well they didnt, instead they crashed and even today when converting real buying power for inflation (the during crash every 100 yen only 3 yen was real and backed
even if their stock price recover to pre crash levels the loss in buying power means its still less than half recovered(after the crash if you had 100 yen, 99.8 yen of that100 was printed
real investment and investor know this retail traders maybe not
Interestingly, doom callers like mr.graham says japan stock market is far from bubble compared to the US market. maybe, japanese stocks are good place to hide in today's market.
I still cant get over how fast this man talks, had to check if my playback speed was up
I play all videos I watch at x1.25 speed except for this channel
World:
"Japan, Why won't you open up for foreign investments?"
Japan:
*open curtains of the window showing hoards of weebs drooling on the glass with sticky waifu pillows in hands*
"This Why."
Independence Day moment.
@@baronvonjo1929
*best extra salute*
@@baronvonjo1929
1) Do you consider Japan as a highly developed and advanced country ?
2) How would you personally rate Japan (from culture to technology, architecture, food, local products, scenery/landscape, standard of living/quality of life, etc.) on a scale level of 1 to 10 ?
3) How would you describe the overall chracteristics of Japanese people ?
4) If you have 3 or more words to describe Japan, what would it be ?
@@missplainjane39051) Certainly a developed or advanced coutnry. Just look at it.
2) I would rate it a 8
3) I would rate the people there a 7. Many good attributes but they do have some societal issues which I belive are also do to their characteristics.
4) Japan is a great nation and I want to visit badly and I love many things from Japan. But it has many issues western weebs seem to ignore but I really want to visit
I have lived in Japan for 8 years. It's actually a horrible place once you see the real Japan.
The people are very racist here and society is very backwards.
I am leaving this year for good :)
@@missplainjane3905 leaving my comment here to read the answer
Now come on you. Are you expecting us to believe that you put up with an extremely racist country with a backward society for 8 years and one day it all became too much to handle and leaving for good?
@@reach2prasanna whats so crazy about that? Alot of people fall in love with the idea of japan and once they see its different after they move there it takes them time to process, between the time needed to master the language to realise whats a facade and whats not, the time to find a job, make money, settle, try to improve your life only to realise its not working it, it does sound about right.
@@BurriedTruth I agree. But don't we all fantasize about things that we adore from afar but don't know much about? Isn't it just human nature to do that? I understand Japan and its people have many flaws, which I don't know about. But I like the idea of Japan. I like what I saw when I briefly visited there and the pop culture I consume online. I just want to keep that image in my mind alive. So that makes me want to defend and speak on Japan's behalf, that's all there is about this.
@@reach2prasanna i understand i was and still the same but i wouldn’t go as far as to defend them without knowing what you are talking about, that’s the same strongheaded wrong attitude that Japanese society is committing, i suppose their inability to be flexible is due to the sheer strongheadedness of the people in power and wanting to defend whats clearly wrong because in their head it makes sense. I grew up across different countries since i was a kid, so i am aware how some countries can be perceived by people from the outside even thought its majorly different on the inside, as much as i love the idea of Japan. I would not go as far as to defend it, especially when it comes to serious matters like this that i have yet to experience.
As many people who moved there said “Visit Japan but don’t live there” its a unified opinion amongst many expats and locals, must be for a reason. I guess you have to go there and try it, if anything DystoXGamez must have had the same feeling as yours, wanting to make Japan work and disregarding its flaws until he had to open his eyes 8 years later.
I suppose it also has to do with ageing , we are enthusiastic when we are young, but things change as we grow older.
I'm wondering why they are speeding up the video. Does it target a certain video length?
Simply put, they want to keep everything as original as they could and hesitant (or rather to prevent) receiving foreign hands
do a video about the sri lankan economy
Whaf economy?
that would be depressing
@@artski09 😂😂😂
does shri lanka have an economy?
Sril lanka Economy RIP 2022
The Japanese nationals who have had the opportunity to be posted overseas lament the restrictions and inflexibility when they return. Even then, those that return eventually move into managment positions do not use the experiences they have gathered to implement changes/reform. Preferring to follow the trend and not rock the boat. Seeking comfort in conformity and being part of the herd.
That's because them experiencing the chaos overseas scares the shit out of them even more trust me Japanese are smart they know they got it good.
I think there is a mistake in the word used. Keiretsu designates the sister companies. The big conglomerate such as Mitsubishi or Sumitomo are called Zaibatsu. ✌️
Don't mind me asking.
1) Do you consider Japan as a highly developed and advanced country ?
2) How would you personally rate Japan (from culture to technology, architecture, food, local products, scenery/landscape, standard of living/quality of life, etc.) on a scale level of 1 to 10 ?
3) How would you describe the overall chracteristics of Japanese people ?
4) If you have 3 words or more to describe Japan, what would it be ?
Carlos " Houdini"Ghosn has entered the room and exited the box.
00:52 "A country that, accoreding to opinion polls, is the most trusted power in south east Asia." Well, you can't trust the public on geography. Since when is Japan in south east Asia ???
Probably poll among southeast asian people which i found very stupid because as southeast asian myself i knew really well just how destructive japanese automotive industry in our region is.
Pretty sure it means Southeast Asian countries all trust Japan the most.
We see Japanese as superior to most other Asian countries…
I think you misunderstood.
If somebody says "China is the least trusted world power in the Western World", it means "The western world trusts China the least", not that "China is the least trusted Western power".
So in this case, it means that "Among the Southeast Asian nations, they trust Japan the most"
Use your inner eyes to see.
Is it me or the playback speed fast?🤔
an interesting topic but simon is still the best when delivering the speech.
Good video.
Suggest tht u slow down. The concept is missed over just trying to catch up
Remember Carlos Ghosn , why he escaped from japan for their samurai judicial system .
Not really true. The have a very high conviction rate, which everybody knows about. But what is lesser known is they have a low prosecution rate. So basically they don't like to lose cases as it makes themselves look bad. So if the case isn't a slam dunk they don't mess with it and they take their sweet time to bring many cases to justice or not at all. So in America they will take fliers on 50/50 cases and try to push the envelop, in Japan they just pass on those. Carlos Goshen was a corrupt a dick bag if you read some of the stories.
Similar to China (where foreigners are leaving in droves an where xenophobia is way more blatant) and Korea and other Asian countries: Foreigners are and will always be foreigners, formal papers and residence doesn't change that. They see with suspicion (and even hatred) even their old (old-old) traditional neighbors, people from around the world could be whether exotic (white people) or inferior (the rest of the people of world). Of course not everyone feels like this, but their societies, at large, yes, they do.
With this Asian mentality, immigration on a big scale of any sort, in these type of societies, would lead not to tensions or some riots (like in some Western countries) but to full blown pogroms against foreigners: don't expect these societies to have a bout of guilt after some foreigners' protest because they are mistreated, discriminated or segregated, sometimes on purpose and legally even.
Asians (with different names) value the concept of "social harmony" and it is both a blessing and a bane. A blessing because it keeps some level of stability when things go bad, in natural disasters etc. (within a limit of course) and a bane because it conceals, hide, repress, censors problems until it gets too big to solve.
You mean developed east asian countries? There are plenty of immigrants in thailand philippines India. India will have even more immigrants if it was more developed.
Foreigners are detained and some die in Japan immigration detention centers.
A lot of people invest in China, not in Japan. You’re wrong
Saying that Japanese don't like other Asians but they like white people, os the same as saying, nazis did not like white jewish, but that they likes Black people, of course they didn't.
@@Aurora-cx3fe
You visited both places
Interesting 🤔
If you are scanning paper documents to make PDF files; if you send it to others and the recipients decide to print it out, is that any more "Efficient" than a Fax? How much more equipment did you investment in?
Well, I guess the Japanese needs more investment and that's the whole topic here...
I live in Japan. I've chosen to start a business here and raise a family. I've been based here for 15 years. The social harmony, public safety, sense of order, cleanliness, great food and rich culture make it the best place in the world for me. I don't care about the long-term economic outlook or demographic trends, Japanese will always be self-sufficient and order will be maintained.
U dont care but that lifestyle will die out like its people. Also those social problems (especially the gender problems) doesnt really make it that great for the future generations to come. Unless they will ve to start forcing people into producing somehow.
Very Showa mindset. I live here in Japan too. The pinch will manifest itself as rising prices, inevitable when inflation deflates our yen. Hopefully your clients are foreign and pay your business in a stronger currency.
The only way Japan will improve their economy is when they open up to other countries. Their resistance to change and bushido implemented into their society is what's holding them back. Like Shugo said, just keep the good parts of Bushido code while get rid of the bad parts.
Fuck that. I lived there for most of the 2000's. They don't to be America or whatever.. Multi-culture equals NO culture. And that is what they do not want even if they get passed by. What makes Japan, Japan is what makes it special in its own way. The world will soon have very little of that.
You visited
Hie there came across this video and was intrigued but the speed at which you speak is wayyyyyy too fast to even follow through I wouldn't mind watching a longer video but with good pacing ... downplaying the speed to 0.75 I could hear youu but it kinda affects the audio quality...hope the pacing of video can be changed maybe because am not a native English speaker but am sure other people can say the same ..
Great video by the way 👏
please slow down a bit the commentary, on my smartTV I can't set it at 0.76 for whatever reason, only 0.5... it's unwatchable at any speed. Just avoid speeding up the video so much in post-production, just a bit, thanks
Anyone here after Buffer announced he is investing in Japan in 2023 May? 😂
This channel’s anticipations are mostly wrong and till stupid people try to learn something here haha
Young people in Japan might be open to change, but the elderly are the ones that still pull the strings there.
is that why you beat up elderly in the west?
The video indicated the key metric which explains why there is a lack of foreign investment in Japan, the GDP per Person is growing as fast as any country in the world. This is achieved by declining population rates, increased productivity and the implement technology to replace unskilled labour. Countries, such as the US, depended on population growth to maintain GDP growth, even if the GDP per person growth is not as high, or even negative. If you invest in the US you can expect higher growth rates than Japan, thus investing in japan is not as attractive.
You visited
What happened to Carlos Gohsn (not sure I got the spelling right) does not help, I think.