Most expensive real estate = Tokyo • Moving big industries out of Japan à Outsourcing in US & Japan (going down to lower-wage areas) o US: Mexico, China o Japan: Taiwan, Philippines, China, Korea o Most stagnant (lowest economic growth rate – top 30 economies) § Made worse by Japanese: Population is shrinking (1.2 fertility) à Decreasing work force, tax payers, decreasing consumer base § Costs too much money to host companies in Japan (Toyota move to vibrant economies – China) § Xenophobia: Fear of foreigners (don’t like immigration) o Propaganda campaign, Raised retirement age, robots (productivity in workplace), go home have sex (increase fertility) • WW2: Constitutional monarchy (Great Britain system) ; 60 years same one-state system/class à related to someone in political (divided population on everything = stagnation) • Losing jobs/population (positioned to make a rebound) Japan 9 Video • Reinvented themselves 2 times already (probably happening a 3 rd time) • Diplomatic/economic with Asian mainland (5 years re- establish/strengthen ties in Korea & China) o Yukio & Chinese Prez met o Shrine causes tension (doesn’t visit the shrine) • Japan is a model for other Asian countries (China may supersede the 2 nd economy in the world) o US #1 trading right now à will soon be China
4 o Profile talks, lower tariffs, working towards free trade, ASEAN (4 associate members = China, India, S. Korea, Japan)
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- Fall '15