JAPAN NEWS AND DISCUSSION
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- Core Developer - コアディベロッパー
- Midokura Japan K.K. - ミドクラジャパン株式会社, Tokyo
- Salary: ¥4.0M ~ ¥10.0M / Year Negotiable
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- Translator
- ZAIHON, Inc. (日本財務翻訳株式会社), Tokyo
- Salary: ¥6.0M / Year Negotiable
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- Assistant Language Teacher (ALT) in Kanto region
- RCS (RCSコーポレーション), Kanto
- Salary: ¥180,000 ~ ¥250,000 / Month includes performance bonus
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mushroomcloud
'The author of the article points to the disproportionate amount of power farmers and special interests groups in Japan wield in government and notes that without political reform, the Japanese economy will continue its slow but gradual decline.'
When will the bad news end for Japan?
Posted in: Japan’s current trade fiasco
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mushroomcloud
When Japan pays down it's huge national debt held by it's citizens, it will free up what has weighed down their economy for the past 2 decades.
Otherwise, expect all of the same: ageing and inflexible society, declining economy, scarce opportunities, and a Japan that will continue fading.
Posted in: For Japan, 2010 was a year to forget
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mushroomcloud
-Associated Press on previous article
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
Japan has been overtaken by China as the world's No. 2 economy. Its flagship company, Toyota, recalled more than 10 million vehicles in an embarrassing safety crisis. Its fourth prime minister resigned in three years, and the government remains unable to jolt an economy entering its third decade of stagnation.
For once-confident Japan, 2010 may well mark a symbolic milestone in its slide from economic giant to what experts see as its likely destiny: a second-tier power with some standout companies but limited global influence.
As Japanese drink up at year-end parties known as "bonen-kai," or "forget-the-year gatherings," this is one many will be happy to forget.
Problem is, there's little to look forward to. With a rapidly aging population, bulging national debt, political gridlock and a risk-averse culture slow to embrace change, Japan's prospects aren't promising. And a tense, high-seas spat with China has intensified fears of its neighbor as a military as well as economic threat.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
It is really sad to read this article. Japan used to be such a proud country, and an economic leader of Asia. Now, Japan is a shy and timid creature, growing more insular by the day.
The young and brightest of Japan have given up on their country and have moved abroad to countries like China for better opportunities. In China, not only do these young Japanese with skills hold a more promising future, but they can be assured that the connections they make in the world's largest growing economy will reap benefits far and beyond what they can get if they continued to stay within insular Japan.
Merry Christmas.
Posted in: Homeless getting younger and younger
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mushroomcloud
Japan's hopeless.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
So China is basically forced to fund Europe United States debt to keep the yuan devalued.
Terrible cycle.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
Yes. What will happen when China stops buying European Sovereign debt, and US Treasury bonds?
The party has to stop and some point.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
"What's not manageable is the excess money supply which had lead to inflation. 260% of GDP which is unheard of when you consider that even during the bubble period of Japan, it did not exceed 120%."
Yes. Now you have me wondering about part II of the financial crisis. Since China is floating much of Western Europe and the United States through bonds purchases, if China teeters, or ends it's growth, it will mean a global depression on a massive scale.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
"How Japan can turn the tables on its economic decline"
"Japan’s Public sector debt is very high. However, Japan has a high savings rate which makes it easier for the government to finance the debt. 90% of Japanese debt is owned by Japanese individuals. US has a low savings ratio and 25% of US debt is owned by foreigners. Nevertheless the National Debt of Japan is a real burden for the economy"
-CIA Factbook
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
nigelboy,
How about national debt as a percentage of GDP?
The USA has a $14 trillion dollar economy, and guess how much national debt? 91% of GDP (2008 figures)
Japan has a $5 trillion dollar economy, and guess how much debt? 192% of GDP (2009 figures, and yes, much of this debt is held by it's citizens).
Your country (the UK) is also in the can with roughly 70% of national debt to GDP.
China is down the list at 18.20% of national debt to GDP. Not great, but certainly manageable.
Looks like the U.S. and Japan have been quite irresponsible with the way they handle their money. Oh, look, 2008 financial crisis! Guess who caused it!!
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
"they could act irresponsibly like China and just print the money like there's no tommorrow."
"(Like USA)."
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
It seems to be a good time to buy. Foreigners are buying up Japanese real estate like crazy.
Soon, much of Japan will be owned by outsiders. Not a bad thing, all areas considered.
Posted in: Real estate in Japan: A good time to buy or not?
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mushroomcloud
Japan is a welfare state. The only way to turn the tables on its economic decline is to accept a position under China as a supplier of sophisticated consumer goods to the largest growing consumer market in the world. Japan will do just fine when swallowing this reality.
Forget about joining any single asian currency.
Posted in: How Japan can turn the tables on its economic decline
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mushroomcloud
China is the world's largest internet market, as the article states. Everyone who sniffs opportunity will end up there.
Posted in: Facebook's CEO visits China's top search engine
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mushroomcloud
When will Japan implode?
Posted in: EU agrees on rescue plan for future euro crises
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mushroomcloud
Seems like the entire G8, minus Russia, Germany, and Canada, is in a financial toilet bowl.
And much of Western Europe is in the same toilet.
Posted in: EU agrees on rescue plan for future euro crises
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mushroomcloud
J-pop does suck. It's a cheap imitation of everything coming from the United States and Europe; overly forced and ridiculous sounding.
Kind of like the forced, nervous, loud laughter you hear from someone trying too hard to fit in.
Problem is, Japanese just can't make good music naturally. They look and sound too robotic.
Posted in: Does J-pop really suck?
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mushroomcloud
I agree herefornow, before the J-pundits start comparing China's population size to Japan's as reason why China had so many more medals, here comes South Korea at less than half the size of Japan in terms of population, yet with lots more medals.
Posted in: Well spiked
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mushroomcloud
Looks like the North Koreans are hungry.
Give it 6 months. Cutting off food aid from China (not likely) South Korea (likely), and the U.S. (likely) will make Kim Jon ILL's bastards more desperate. Soon, more North Koreans will defect to the point that this regime will collapse.
China will then move in and declare NK a true protectorate or province of China.
Posted in: N Korea warns region on brink of war after more artillery fire heard