umbrella comments

bye bye biden

I don't drink alcohol, never have. There is life without alcohol.

So many foreigners like myself are working in financial institutions and earning over 10M a year plus. This is the norm. I heard that english teachers in Japan earn as little as 3.6M a year and it's hard to image such a low salary. But I guess english teachers are all young and don't care about money, they are just thrilled and excited to be in Japan.

As for Japanese workers, they never complain, never strike, they just obey. So wages will never rise in any meaningful way. Nothing will ever change.

Excellent informative article. More of this type of article please JT!

Harris, in charge of the border but she has never been there. Hopeless but she ticked all the boxes.

Doesn't matter how much prices rise, salaries/wages will not rise and the Japanese people will gaman themselves, plus the J government will always come out with their joke inflation figures of 3%.

The true inflation rate is around 12% to 14%. No one believes these government make belief figures.

ok1517

I have a friend who has the misfortune to be working at one of the most well known ALT companies in Japan. He told me his monthly salary is a terrible just over 210, 000 a month. I was just wondering if he received a large bonus to make up for the appalling salary?

I wonder about all the english teachers on here, what sort of bonus did they get this time?

Jan 6th Committee is completely meaningless. A one sided farce and will be totally ignored by a our great President Trump. He will be back as our great President in 2024 when we can finally be rid of the illegitimate biden who has practically destroyed our country.

 How, just how is it possible that in a country with 125 million people, there's not a SINGLE politician with even a shred of charisma who can make a change?

Yes very true! Seems to be a worldwide phenomenon, this weak incompetent leader situation. Kishida/biden/sunkak/macron/putin etc, Why is this? I am sure kishida will soon be out and replaced with the next talking head.

OMG, more of absolutely pathetic woke nonsense? There's going to be a backlash and all this woke rubbish will be totally swept away.

But if this woke nonsense is really necessary, let's have 3 categories in events ie men, women and others.

Judging by the recent midterms, Americans love their President Biden, think he is wonderful and are happy with open borders, high crime and of course high inflation. They don't care about high priced Thanksgiving turkeys, it's what they want. I saw on cnn interviews with democrats where they were saying Biden is the best President of all time and that inflation doesn't exist. Thus no worries here for Thanksgiving costs.

FB is so yesterday.

How many more times? Self Defence lessons must be compulsory in Schools here. I would be willing to go in and help teach if asked.

Numbers falling. At last it's all over. Until China make the new variant.

Intervention is just a waste of Japan's foreign currency reserves. Only has a very limited effect and then the yen will continue falling. Japan has to increase interest rates as most countries are doing.

Yes real inflation is 12% to 14%. Nobody believes the "government's" fake figures. And even the fake figures don't take into account shrinkflation, where everything is getting smaller.

The yen is almost at the 151 level now. It's fascinating watching it drop and of course there's no floor. My bank is forecasting 175 by the end of the year. I am paid in US Dollars now thankfully.

Real people are suffering badly at the utter incompetence of the j "government".

There's no end to the collapsing yen with its result of ever increasing prices. Next week the yen is expected to collapse into the 150 yen level and accelerate downwards. When will the yen have depreciated enough for this "government"? It's utterly pathetic, incompetent and brings shame to Japan on the world stage.

Will also deter the usual army of english teachers coming to Japan since their earnings in Dollars will be so low. Nobody will be interested.

With no pay rises and the real inflation rate reckoned to be at least 12%, plus shrinkflation, plus the yen's collapse never ending, something has to give. Only the tourists are happy as they find everything for them as cheap as in a third world country.

Right now, the yen is racing downwards through the 148 level, possibly to hit the 150 yen level in New York trading. Deliberate government policy to destroy the currency. Good job for them that the J people never complain.

Fortunately I get my salary now in US Dollars. Nobody wants the pathetic poisoned yen now. 160 to the Dollar is the next support level for the yen, coming soon. Thank god nobody holds the pathetic yen anymore.

What a farce this "committee " is. You can tell the mid terms are coming and the dems are desperate as they know they are going to be decimated. Once the House and Senate are taking over again by the Republicans that will be the end of this farce.

The yen is now well over 147 to the Dollar and as Mark says 160 is the next support level. The j "government" doesn't give a damn about the effect of rising prices on the J consumers. They know that whatever happens the J people will loyally trot out to vote ldp.

My Tokyo company has switched to paying us in US Dollars now, so as the yen drops further and further I am not bothered at all. Especially as all my funds are held in US Dollars and Swiss Francs. Nobody wants the poison pathetic yen anymore.

Japanese will wear masks forever.

Congratulations to the yen , today at yet another 24 year low at 146.3. Great for the flood of tourists, not great for the ordinary people here as prices continue to soar with no wage rises in sight. I think the Japanese people will resent the tourists with their massive spending power whilst they suffer massive inflation.

Japan about to be a poor country unless companies start to improve wages.

Wages for most workers will never rise in Japan. To get higher wages, employees need to be members of strong Unions who organize strikes to force pay increases out of employers. This will never happen in Japan where people just accept the status quo. .