For 70+ years the hard-working citizens of Japan have devoted their lives to companies in an effort to rebuild the nation. After all this time, who has benefited? The companies and the politicians. Despite record profits, much of which is invested overseas, salaries remain stagnant, and the living standard has been declining for the last 40 years.
What a truly sad state of affairs. In any other country, people would be protesting in the streets.
It's time for a radical change, and this starts at the top of the government.
2 ( +2 / -0 )
Wrong. Second richest in the free world. Greatest % of university graduates than any nation on earth. Leader in robotics, AI. Non stop winner of Nobel prizes. The list goes on.
Japan is ranked 25-28th when measured in GDP per capita . The the GDP is large, but so is the population. Also, everyone knows that the economy has been stagnant for 30 years, particularly salaries (which cannot compete with the west).
More university graduates, but the degrees hold any value outside of Japan? Very little. Everyone knows it is 2-4 years of play/reflection.
Leader in robotics, AI? Not according to the number of research publications/citations. In fact, research output from Japan is nowhere near the USA or Western Europe, due in part to low spending on university research.
Nobel prizes? No, Japan is ranked 7th (tied with Switzerland), lagging Russia. #1 is the US. 
8 ( +9 / -1 )
South Korea proposes the need for a "comprehensive" fix. OK, then the first return the money from the previous agreements. That would seem like a logical first step.
It seems, however, that SK is trying to have it's cake, eat it too, and come back for seconds.
3 ( +4 / -1 )
The ¥16.3 billion cost works out at ¥125 per national. Cost of a rice ball.
Tell that to the hungry kids who didn't get to eat that rice ball tonight.
7 ( +9 / -2 )
Ant and bee colonies need a queen. Humans do not. Save the money for something actually useful to society.
4 ( +5 / -1 )
SK, you reap what you sow. What exactly did you expect?
8 ( +12 / -4 )
So the plan is not to improve infrastructure to meet rising demands, but instead to raise tolls to lower demand.
In related news, trains packed like sardines, already running near 200% capacity will not be upgraded. Instead, the solution is to ask companies to stagger their work hours.
Meanwhile, let's spend more money on fighter jets.
What brilliant logic.
9 ( +10 / -1 )
This is a win-win for everyone but the Japanese taxpayers. It makes Trump look like a good salesman, while at the same time Abe ensures the JA vote by not having to open domestic markets to competition in order to reduce the trade imbalance.
Meanwhile, many schools still cannot afford air conditioning.
1 ( +2 / -1 )
Its 2019 in supposedly one of the most educated countries in the world. With the 3rd highest GDP in the world. How does this stuff happen?
Yeah, one would think this could easily be avoided. OTOH, although Japan has the 3rd highest GDP, it ranks 25-30th in terms of GDP per capita (better indicator of standard of living), so it's not too surprising.
3 ( +4 / -1 )
Glad to see our tax money going to good use. Maybe after the tax hike, next year's visit can be even more elaborate. The level of subservience is downright embarrassing.
1 ( +5 / -4 )
"Gross domestic product expanded an annualized 2.1%, but the biggest driver was imports falling even faster than exports, which meant that net exports technically fueled growth in the economy. Declining imports is a sign of weakness in demand, so the GDP figure is somewhat misleading."
2 ( +2 / -0 )
Very good for a 127 Milliion people country.
With most of those 127 million traveling regularly by train, foot, or bike; and not by car.
4 ( +5 / -1 )
It's 5 pm, yet there's no dinner clock ticking in Japan because: (1) the husband has mandatory unpaid overtime, and won't be home until 11 pm; (2) the kids have cram school and won't be home until 9 pm; and (3) there is no room in the typical micro fridge and micro kitchen in a micro Japanese house to store all of the mentioned food items.
5 ( +5 / -0 )
Trump's sanctions on Iran are simply another hissy fit to spite Obama's deal. Now, thanks to spineless Abe, everyone in Japan will be paying the price, in an already stagnant economy. Unbelievable.
11 ( +11 / -0 )
Just a tactic by Trump to deflect attention away from his crimes at home.
0 ( +4 / -4 )
Posted in: Around the world, political leaders trying to cope with the coronavirus pandemic are making calculations centered around the question: How many deaths are acceptable, as weighed against millions of jobs lost and trillions of dollars of economic output foregone? What's your view?