Lost in stagnation? Japan’s economic paradox
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- čas přidán 28. 08. 2024
- After decades of torpor, is Japan recovering its dynamism (www.economist.... Our correspondent turns to an ancient bento box merchant to test Japan’s economic future. A new study shows how few therapies tested on animals (www.economist....) end up being applied to humans (10:02). And if you don’t know a pickle fork from a fish fork, it could be time to take an etiquette class (www.economist....) (16:28).
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for a stagnant economy the cities are spectacularly human-scale and affordable places to live vs cities in the west. Rents or mortgages are not 60% of income, far from it. Public transport is amazing. Food and drink and entertainment options are numerous and so on.
His voice is so nice, this is my absolute favorite podcast to listen while driving
I can see how some people claim the impact of price expectations on the economy, but I doubt deflation is anything to do with the cause of economic stagnation in Japan. Hence some minor inflation is not going to change anything.
The root cause is much deeper. Their labor markets lack dynamisms, which prevents people from switching employers,and most employers have completely outdated work cultures and promotions. seniority-based promotions and gender inequality unfairly treat the young and women. Lots of workers are overworked and underpaid, and lots of talents go undeveloped. today’s economy needs workers who can continually study and adapt to new technologies as well as talents from overseas. many Japanese firms do not have capable leaders who can update corporate culture and strategies and are surrounded with too many of like-minded outdated executives.
It is entirely the fault of keynesianism
What's this literally no audio just this
Japan's stagnation lies in its
lack of Human Diversity, thus
inherent Empathy and Creativity.
Japanese people have plenty of empathy and creativity but perhaps they are just encouraged to not express it. I think it’s a deeper problem. I think it might be a lack of motivation for many. The rewards are not in alignment with the amount of work that is expected. I’ve also noticed with my husband a certain “sho ga nai” attitude. A kind of lack of problem solving skills that involve looking at the “what if’s” of a situation. I’ve also run into a lot of “it can’t be done” attitudes so they don’t try.
❤
Couldn't Japan help China with their youth unemployment by offering young Chinese jobs in Japan?