They want you to buy new stuff Hasn’t worked at all Nikkei Stock index Major stock trading center for Japan oEquivalent to the DOW Haven’t had a growth for decades You wouldn’t make any money from stocks Their system of businesses Keiretsu oInterlocking business and government oHelped each other become successful in the 70soNot working at all today oNot capitalism by helping everyone out Businesses are extremely stagnant High standards of living High prices of stuff Most expensive real estate In japan High wages in japanBut leaving high wage to low wage places Same type of outsourcing is happenening to the same placesLost jobs to mexico Current world recession slamming things downJapan is the most stagnant place on earthLowest growth rate in the worldDoesn’t look likely to change either Their population is shrinking 1.2 % tops127 million people now Decreasing tax space People are living longer More old people than middle age people People have to pay taxes The future of Japanese companies aren’t in japanToyota won’t invest there anymore Toyota is moving to china and india Xenophobia Fear of foreignersJapanese don’t like immigration They don’t like foreigners staying there No immigration and no kids Race retirement age 70-75 yearsEncouraging fertility Robots will replace workers in factories Their politically grid locked
Constitutional monarchy Its 2 party system oCenter right party wins every single time Held prime minster for the entire last 60 yearsInbred systemYou are usually related to someone in the government Sons and daughters of former political people Closed doesn’t allow for progress Prime minister parade They keep quitting because nothing gets done Very divided nation Divided about everything Everything is flat oPoltically grid loacked past 5-10 years oWell positioned to make a major rebound Japan nowoEconomically and politically down oReinvented themselves twice oRedo part 3 on the way oRefocused is back in asia oWont be an imperial take over oWorking hard to reestablish contacts with china and koreaoLove fest between Asian leadersoThey are trying to get things rolling again oLast 5 prime ministers 4 of them said they aren’t going to visit the shrine
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- Spring '08
- World War II, japan, Japanese war crimes