Japan is becoming poorer and poorer. How do Japanese people feel about current situation of Japan.

Ойын-сауық

Japan is becoming poorer and poorer. How do Japanese people feel about current situation of Japan.

Пікірлер: 461

  • @DoubleSpy
    @DoubleSpyАй бұрын

    Please continue making your content. It gives us a perspective for the normal citizens of Japan that isn't click bait or shock content. You give a realistic perspective of Japan life.

  • @brealistic3542

    @brealistic3542

    29 күн бұрын

    that goes double for me

  • @jimmybears

    @jimmybears

    29 күн бұрын

    true that

  • @QuadDamage-tt7sj

    @QuadDamage-tt7sj

    21 күн бұрын

    What do you think guys, does it make sense to to move to Japan now being a foreigner? Will there be some perspectives for foreigners now?

  • @DoubleSpy

    @DoubleSpy

    21 күн бұрын

    @@QuadDamage-tt7sj I honestly believe it is probably the best time within the next 6-14 months to move to Japan. The Yen is at an all time low and globally there is an entire generation of people whom are absolutely fed up with the status quo, and I believe that extends to Japanese people in some aspects. I believe in the next 10 years we will see massive change in terms of the global economy as well as Japans “desperation” to encourage younger people to have children. Big changes are upon us and it would be wonderful to be a part of it in Japan.

  • @chasedownblocks1736

    @chasedownblocks1736

    19 күн бұрын

    I’m curious to know which countries who are part of G6 are doing well and who isn’t. The U.S. has definitely suffered here due to inflation especially the housing market and cost of food.

  • @Aelh93
    @Aelh9329 күн бұрын

    this channel is priceless. You got the sentiment of the average japanese citizen in plain english and straight from the source. Just like having a conversation with a friend . Thank you for the content.

  • @Justcetriyaart
    @JustcetriyaartАй бұрын

    I used to spend 25$ a week on food now it's about 100$ a week. I am not paid 4 tines as much

  • @johnswanson217

    @johnswanson217

    Ай бұрын

    How did you spend 25$ a week??? That's about 3.5 dollars a day and that would only give me 1 meal a day. Does your employer provide 2 meals?

  • @keithw4899

    @keithw4899

    Ай бұрын

    In what year span?

  • @StevenKeery

    @StevenKeery

    29 күн бұрын

    For $25 a week, what were you surviving on, pot noodles? I would spend that much on one meal.

  • @vicvic2081

    @vicvic2081

    28 күн бұрын

    I spent 200$ this week because I pay for food my nephews and parents. I'm single thou

  • @privatethoughts3798

    @privatethoughts3798

    19 күн бұрын

    Its the same in UK. 2,3 years ago, with 40 pound i buy food for almost 2 week for me and my girlfriend. But now we spending 100 every weekend, buyng almost same stuff...?! I m realy scared to go shopping.....

  • @brealistic3542
    @brealistic3542Ай бұрын

    I thank the Japanese people most sincerely for producing some of the best cameras, cars and Motorcycles in all the world. Our companies got completely sloppy and greedy and just took total advantage of their customers till you great people stepped in and turned this totally around. That forced our companies to try to do the same. Thank You

  • @kelvin-uh7tf

    @kelvin-uh7tf

    Ай бұрын

    in video games , japanese also became sloppy . with konami stop producing AAA games .and sega also considered on doing it

  • @Tascountrygirl

    @Tascountrygirl

    28 күн бұрын

    I really appreciatw by the wonderful Japanese influence on the lives of myself and fellow Australians. For example, Japanese food in is very in healthy, beautifully prepared and presented. Also Japanese cars have been a wonderful means of transport. I have personally owned and driven several different Japanese cars. My favourite was a Toyota Camry station wagon. I could go on and I am sure many agree with me.

  • @chickenbroski99

    @chickenbroski99

    26 күн бұрын

    The Japanese people are great but I don't believe slobbing all over their corporations knobs is the answer. They had bailouts and cheated the system as well, before us in the 90s. It's why people in Japan have to work 12 hours a day. To dig themselves out of the hole their banks and corporations dug them into.

  • @thadtuiol1717

    @thadtuiol1717

    17 күн бұрын

    @@Tascountrygirl It's people like you who betrayed the Aussie manufacturing industry. Traitor.

  • @Centre14

    @Centre14

    11 күн бұрын

    plaza accord fucked us over

  • @fringelord
    @fringelordАй бұрын

    People in the USA can't afford to eat at restaurants in the USA either 🤣

  • @tvcomputer1321

    @tvcomputer1321

    29 күн бұрын

    esp. not with that tipping culture nonsense. turns going out into a guilt-trip. no thanks. take me back to Japan please

  • @popNdawg

    @popNdawg

    29 күн бұрын

    @@tvcomputer1321 tipping does not bother me and i have no problem with it when i visit the USA, the entitled youth with the cow piercing under the nose are what i have problems with

  • @Omikoshi78

    @Omikoshi78

    28 күн бұрын

    Not with 30% tip on top of the exorbitant menu prices.

  • @caveteethjoe

    @caveteethjoe

    25 күн бұрын

    ​@@popNdawgWhat part of the US did you visit? I've lived here all my life and have yet to encounter one of these people.

  • @nihilisticpuppy3799

    @nihilisticpuppy3799

    17 күн бұрын

    @@caveteethjoe I too have lived here all of my life. I do believe they were referencing the eclectic people you can find more commonly on the coastal states (California, New York, Florida, etc.)

  • @glovester
    @glovesterАй бұрын

    KEEP GOING keep uploading your channel is going viral - keep posting good videos dude. It will pay off your mortgage.

  • @mfer134

    @mfer134

    Ай бұрын

    He`s correct...post. Lots

  • @QuadDamage-tt7sj

    @QuadDamage-tt7sj

    21 күн бұрын

    His will become more popular after that his leadership at work might know about him and his content. What he is saying here isn't typical for japanese employees. They might laid him off (they will find any reason why). Once he gets laid off it would be horrible. That is worst case scenario

  • @maxrebo8455
    @maxrebo845529 күн бұрын

    Foreign tourists may be having a blast, but when Japan imports 60% of its food, all of its fuel ect it’s devastating for the locals.

  • @maxrebo8455
    @maxrebo845529 күн бұрын

    Not many Japanese visit us in Australia anymore. However on the other hand there are ever growing numbers of young Japanese working holiday makers who can earn AUD$23-30 an hour or more in hospitality, retail work and farming compared to around 1000 yen / AUD$10 back home. Employers love them because they’re so polite and diligent and we have countless Japanese restaurants which is a good place to get started before branching out and doing a bit of sightseeing.

  • @arcticredpanda4598
    @arcticredpanda459829 күн бұрын

    I'm a poker player in Los Angeles and recently I noticed many Japanese people in the poker room. I talked to some of them. They live in share house and are remote workers in Japan. They stay for 3 months to play poker and then go back. They do say everything is expensive in LA but it is easy to make money and save it. They say they can make one month salary in just a few days.

  • @transforgoku

    @transforgoku

    10 күн бұрын

    Interesting, would be nice to live that lifestyle for a while...

  • @Erik_001
    @Erik_00129 күн бұрын

    Thank you. Enjoyed the video.

  • @mariuscash2144
    @mariuscash2144Ай бұрын

    Just back from Japan.. it is true that things are incredibly cheap there...

  • @shawn6796

    @shawn6796

    27 күн бұрын

    Most of it is made in chino

  • @gaalxystar1873

    @gaalxystar1873

    12 күн бұрын

    Don't let you guard down. It true it's cheap but they are willing to charge non Japanese people even more

  • @mariuscash2144

    @mariuscash2144

    12 күн бұрын

    @@gaalxystar1873 I don't believe u..Japanese people are not racists as Americans

  • @tommytran5962
    @tommytran596212 күн бұрын

    Thank you for making these videos sir! Keep doing what you're doing! Subscribed!

  • @tyhan2159
    @tyhan215922 күн бұрын

    Thank you so much for making this video, I learned a lot from you❤

  • @djskampy
    @djskampyАй бұрын

    Just discovered your channel a few days ago and immediately subscribed. Thank you for your clear and comprehensive views on Japanese society!

  • @hansolo8225
    @hansolo8225Ай бұрын

    Hawaii has many Japanese immigrants who own property here. Lately many of them have sold their property and moved back to Japan with the favorable dollar to yen.

  • @sirmon3175

    @sirmon3175

    29 күн бұрын

    Good idea short term but not so much long term lol

  • @hansolo8225

    @hansolo8225

    28 күн бұрын

    @@sirmon3175 Japan needs to increase its population, bringing back overseas Japanese citizens will help.

  • @philbaecanyon7820
    @philbaecanyon782028 күн бұрын

    Your frank and candid assessment of local concerns and opinions makes for compelling viewing. We appreciate your unvarnished views and observations. Awesome stuff.

  • @anewcreature7
    @anewcreature7Ай бұрын

    Wow your subscribers amount doubled! Congratulations 👍🏽

  • @debbieg6449
    @debbieg644915 күн бұрын

    Thank you for sharing. Many blessings to you.

  • @1jackal1
    @1jackal125 күн бұрын

    Your videos are so relaxing to listen to. And despite the sometimes serious content, they are positive.

  • @mattraschke2889
    @mattraschke288927 күн бұрын

    Sir - I thank you for your channel, your perspective and for regularly sharing unvarnished content. Keep up the great work and I wsh you success.

  • @askjapan9669

    @askjapan9669

    27 күн бұрын

    Wow, thanks

  • @ianthesiow3013
    @ianthesiow301326 күн бұрын

    TQ for sharing.

  • @askjapan9669

    @askjapan9669

    26 күн бұрын

    Thanks for your comment

  • @findtherightbeat
    @findtherightbeatАй бұрын

    Thanks for sharing your thoughts on midlife in your prior video. I just subscribed a few days ago. It seems I'm not alone in my habit of going out only once every two months and finding enjoyment in something as simple as drinking soda. It's a cheap thrill that I truly appreciate.

  • @CreamPuffthePom
    @CreamPuffthePom23 күн бұрын

    I really appreciate these serious discussions from your perspective. Please keep it up. Very interesting to hear

  • @askjapan9669

    @askjapan9669

    23 күн бұрын

    Thanks

  • @danmac0
    @danmac013 күн бұрын

    Super interesting videos

  • @ANDIBO987
    @ANDIBO987Ай бұрын

    When I studied in Japan 10 years ago it was the opposite. With my euros everything was painfully expensive in Japan.

  • @user-wx9og3rm9k
    @user-wx9og3rm9k24 күн бұрын

    Thank you, friend

  • @askjapan9669

    @askjapan9669

    24 күн бұрын

    Thanks for your comment

  • @YaminoSeigi
    @YaminoSeigiАй бұрын

    Just found your insightful channel and subscribed to it! Could you show any insights on how Japan was like before 2008 GFC? Last year I went to Japan and things were not as wonderful it appeared back in early 2000s

  • @Ar41e
    @Ar41e26 күн бұрын

    真面目なコンテンツに感謝いたします。引き続きなさいますようにお願いいたします。

  • @askjapan9669

    @askjapan9669

    26 күн бұрын

    Thanks for your comment

  • @stevelanghorn1407
    @stevelanghorn140729 күн бұрын

    Here in England, many people have a great deal of admiration and respect for Japan, your people, history, culture and beautiful country. Select, wealthy people here are prepared to pay a ridiculous fortune for “fashionable” Japanese clothes…even “work wear” that garbage truck drivers wear on your streets. That would be “fashion” here! And Japanese hot-forged garden tools is another trendy thing here now. So it’s not all bad news. A lot of highly discerning people love Japanese stuff. The quality. The precision. The love and skill that goes into making them.

  • @StevenKeery

    @StevenKeery

    29 күн бұрын

    StevenLanghorn: What clothing brand is this you speak of?

  • @stevelanghorn1407

    @stevelanghorn1407

    29 күн бұрын

    @@StevenKeery Kyoto work jackets. Niwaki Kojima jackets etc.etc..

  • @workforyouraims
    @workforyouraimsАй бұрын

    I used to live in Japan. Yen devaluation makes me sometimes think if it is the right choice. But I really have to come back. There is not any better place on this planet than Japan.

  • @DF-ss5ep

    @DF-ss5ep

    21 күн бұрын

    What do you like about it?

  • @transforgoku

    @transforgoku

    10 күн бұрын

    Just earn money in a different currency like the dollar or euro and you'll be fine...

  • @GK-up6xz
    @GK-up6xzАй бұрын

    As you describe it’s a crazy situation but we shouldn’t forget that tourists are happy for the few days they are in Japan, but as in my case, I return to an Australia where a can of cola may cost $5 and no young person has the chance to ever buy a house…. Who is actually poor?

  • @shrunkensimon

    @shrunkensimon

    Ай бұрын

    We're all poor, that's the tragedy. Nobody wins in this global competition, except those who own the corporations and banks, because they are able to move assets around the world and dodge taxation.

  • @poil8351

    @poil8351

    29 күн бұрын

    ​@shrunkensimon well everyone but a very select group are obscenely rich and flaunt it.

  • @kay-no

    @kay-no

    23 күн бұрын

    Everyone is poor, point blank, except for the select few though. The local and national economy of Australia and Japan are incomparable anyways. By your logic, where do the local people go then?

  • @GK-up6xz

    @GK-up6xz

    23 күн бұрын

    @@kay-no After living in Japan for 35 years I seem to have found a few places.

  • @kay-no

    @kay-no

    22 күн бұрын

    @@GK-up6xzyou’ve lived in Japan 35 years, and you’re asking “who is actually poor?” Make it make sense please. Japanese middle class citizens are struggling to make ends meet, just as, I imagine, they are in Australia. I am confused on your original take. Did you mean that the bright side is foreigners can have a grand time while citizens are unable to afford things?

  • @laupewoh
    @laupewohАй бұрын

    I just came back from Japan - I cannot believe that Japan is now cheaper than Thailand for food and public transport. Hotel Accommodation is on par … I have travelled back and forth and worked in Japan on and off for 25 years and this is the cheapest I have seen it. Good post…

  • @afroninjadeluxe
    @afroninjadeluxeАй бұрын

    Weak Yen means more export! Everyone respects Japanese quality goods.

  • @StevenKeery

    @StevenKeery

    29 күн бұрын

    Afroninjadeluxe. Fuji Camera Company have moved production of their X100Vi cameras to China. I suspect Chinese wages were the deciding factor.

  • @sflxn

    @sflxn

    27 күн бұрын

    Export what? Their industries have stagnated for 2 decades. Name one TV brand outside of Sony that is still selling outside of Japan. It takes decades of weak Yen to strengthen their companies again, but there are no young people left to work, so...

  • @yunzhu4815

    @yunzhu4815

    26 күн бұрын

    I laughed at this 😂 Japanese brand doesn’t mean they are manufactured in Japan😂

  • @aphrodite7194

    @aphrodite7194

    25 күн бұрын

    Outsourcing is everywhere.

  • @romulodelmendo8361
    @romulodelmendo836113 күн бұрын

    Like many Japanese people I've met, I noticed from your videos that you explain all your points by sharing concise written notes. It's very easy to understand when the presenter does this, and I'm sure it helps you drive the points across. Thank you.

  • @Psyql
    @Psyql29 күн бұрын

    動画をアップしてくれてありがとう。

  • @MAYTHEFORCEBEWITHYOU888
    @MAYTHEFORCEBEWITHYOU88826 күн бұрын

    Your voice is so calm, soothing and relaxing. You should create another KZread channel for ASMR. Which is people making videos speaking like you getting the relaxing feeling by there voices. You should definitely do it for your Japanese audience and English listeners. I would subscribe right away! Great videos and keep em coming. 😊👍💎

  • @askjapan9669

    @askjapan9669

    26 күн бұрын

    Thanks

  • @MAYTHEFORCEBEWITHYOU888

    @MAYTHEFORCEBEWITHYOU888

    26 күн бұрын

    @@askjapan9669 Your welcome. Go for it 😎

  • @thethirdeye8893
    @thethirdeye889321 күн бұрын

    I eat noodles everyday and save a lot of money )) please keep up the great work, really like your content !!

  • @anonanon7235
    @anonanon72359 күн бұрын

    To answer your question directly. #1. Japan has to stop buying US treasuries (USD). The Americans are exporting inflation by printing money. Countries who have all their eggs in one basket PAYS for the American inflation. #2. Japan should make better relations with Russia and China, because Russian natural resources will help make Japanese manufacturers competitive. China because they have a huge consumer market and like to buy Japanese made products. I'm not saying abandon the US, but Japan needs to diversify for sure. Making better relationships with Russia and China will also mean you will spend LESS on military.

  • @bluphoenix6412

    @bluphoenix6412

    2 күн бұрын

    You get it. Glad to see this comment here.

  • @TheTungdil2
    @TheTungdil2Ай бұрын

    This is a reality in the US for the average person as well. Issues with the Yen aside, we have cases where the cost of everything has gone up. Value of currency doesn’t matter if everything else goes up with it. I hope all of us can pull out of this sane on the other side. Good luck to you my brother. I’ll keep following you sir.

  • @privatethoughts3798
    @privatethoughts379819 күн бұрын

    A real content from a normal citizen in Japan. Very interesting !

  • @Teutoburg09
    @Teutoburg0918 күн бұрын

    We're getting poorer in the US, as well, but for different reason. Our prices have recently risen so much, we can't afford to eat out anymore, or go on road trips within our own country. Our grocery bill has nearly doubled in only a few years. Middle class families can no longer afford houses. Our incomes are still rising, but not fast enough.

  • @prabs118
    @prabs11826 күн бұрын

    keep uploading man

  • @TDK2K
    @TDK2KАй бұрын

    I really feel bad for the average Japanese seeing their wealth fade away. Going forward what's the point of even working when the yen becomes 160...165.... 170 to the US dollar. That's how I would feel if I were in that position or figure out a way to leave the country. Growing up in the 80s and seeing how wealthy and unstoppable japan used to be it's unbelievable to me to see japan in the state it's in. Good luck to you.

  • @-RoyBatty-89

    @-RoyBatty-89

    Ай бұрын

    Well as long as domestic inflation doesn't rise too much and they continue to make the vast majority of their own products and food, they will be fine. Of course it's imports and luxuries like travel which take the hit.

  • @donii7092

    @donii7092

    Ай бұрын

    Even more incentive to move overseas. More to those Japanese who take advantage of that.

  • @TDK2K

    @TDK2K

    Ай бұрын

    @@-RoyBatty-89 Japan is resource poor, they are one of the biggest global importers of oil and oil by-products. they import a lot of their food and machinery also. very weak yen affects all Japanese. Long term weak yen affects the entire world.

  • @twnb7733

    @twnb7733

    Ай бұрын

    Life is a cycle: up and down. We learn the humility. Bless God that the poverty exists, to make us think!

  • @GMDMD

    @GMDMD

    Ай бұрын

    BTC is the only answer

  • @gzubeck3
    @gzubeck3Ай бұрын

    Yes, It looks bad if your traveling abroad but in reality your currency devaluation will really help your economy and to also export products made there. It's not all bleak only if you do a lot of traveling abroad. Part of it is also that the US has really high interest rates which is also part of the problem which makes it more attractive to have US deposits in US Banks. This wont last forever. Interest rates will drop by the end of the year which could help the yen out so that's on the horizon.

  • @akbarmalik8064
    @akbarmalik8064Ай бұрын

    It’s true with the current exchange rates. But within Japan itself, the living cost situation isn’t as bad as many other places

  • @user-uj6ky9ut1b
    @user-uj6ky9ut1b11 күн бұрын

    I live in Shanghai and I've already travelled to hokkaido last year, the hotel prices are rising, plane tickets aren't cheap either, so travelling to Japan isn't cheaper than a few years ago, it actually feels more expensive now since there are so many travelers. Sure many goods in Japan are cheaper, but there are so many cheaper options in China, the Japanese items are still more expensive than Chinese alternatives. Even though many people from rich countries are buying brand goods from Japan, but as Chinese I still think I will not buy brand stuff just to save money and enjoy the trip.

  • @s7c841
    @s7c84125 күн бұрын

    I find this oddly relaxing. And interesting at the same time.

  • @askjapan9669

    @askjapan9669

    25 күн бұрын

    thanks for your comment.

  • @koma7778
    @koma7778Ай бұрын

    Taxes are too high all across the world. Taxes didn't use to be high like this. Historically high taxes

  • @Centre14

    @Centre14

    11 күн бұрын

    aging population and pension system =

  • @AG-so4gl
    @AG-so4glАй бұрын

    My son goes to private university in Japan. Annual tuition fee is approx 8000 dollars. Its so reasonable!

  • @dannylo5875

    @dannylo5875

    29 күн бұрын

    But what is quality like!?

  • @btlim4316
    @btlim4316Ай бұрын

    Not able to vacation in Europe is not a big deal. There are lots of beautiful places in Asia like China. China is huge with diverse climate and spectacular landscape and it's a shame it's not listed in one of the more popular places for Japanese to visit. I suggest it as it is likely very affordable for Japanese to visit it.

  • @foozao

    @foozao

    29 күн бұрын

    Japanese passports need a visa to go to China, which is why it's probably not higher on the list of places Japanese travel to.

  • @anchored555

    @anchored555

    27 күн бұрын

    I think Japanese generally dislike China.

  • @jacqueslee2592

    @jacqueslee2592

    10 күн бұрын

    Due to politics and history, Japanese do not travel China.

  • @taipangwong356
    @taipangwong35626 күн бұрын

    We all are going through similar turbulence, my two cents is to hang on in there and never let negative thoughts overtake you. Live one day at a time, when tomorrow comes then yesterday was just another day.

  • @LINJ638

    @LINJ638

    21 күн бұрын

    Well you are sitting duck anyway.

  • @EIGOmanOkamoto
    @EIGOmanOkamoto17 күн бұрын

    Keep it up. It is good to see and hear your perspective on what is happening. I live here in Japan and can see how things have been deteriorating. Unfortunately Japan's debt to GDP ratio is the highest in the world and the government seems oblivious to this issue and seems to have no good solutions. Some Japanese exporting companies will do well in this situation of weak Yen but importers will struggle and the prices will start to go up for everything. It is funny but If a person saves money in the USD, they can get 10% on 1 month time deposits (annual rate so 1/12 of that in a month). They can roll it over each month and if the Yen gets weaker, they can exchange back to Yen and get a big benefit. Is that what the rich are doing in Japan these days? I am sure some people are doing that. But as for the bigger picture, will Japan ever become a truly independent country? Will the education system ever change to teach young people to be skeptical and have their own opinions? These are topics you could also cover.

  • @geishasha
    @geishashaАй бұрын

    I lived in Tokyo in the 1990's and it was wonderful. I'm scared to go back........

  • @CM-cy3qo

    @CM-cy3qo

    Ай бұрын

    its still amazing but you need to consider the economy/work options.

  • @hans1783
    @hans178313 күн бұрын

    It depends on wht market u are. Some will get shafted, and for some this has been the greatest decade for a long time.

  • @markfish1113
    @markfish111325 күн бұрын

    its true man, i went to Japan last month to catch the Cherry Blossoms, things are so cheap. Even the Japan rail pass for Shinkansen going up by 70% in prices is cheap. Japanese service and products are extremely high level and disciplined so i think you will not be poor. But its not so good to work in Japan now or live as a local due to the weakening Yen. 15 years ago Yen was strong, things were expensive for foreigners. But at current Yen rates, I would definitely visit Japan again. I had the Hitsumabushi at 3300 yen while my country will charge more than $30 for this dish. I hope the Japanese government looks after the people by more work-life balance and retirement safeguards.

  • @sonampenjor4846
    @sonampenjor484624 күн бұрын

    It’s good for the manufacturing and export companies

  • @askjapan9669

    @askjapan9669

    24 күн бұрын

    Thanks for your comment. コメントありがとうございます。

  • @bailey309
    @bailey309Ай бұрын

    I went to the UK for the first two weeks of March. I could only do that because I could stay with family. I had wanted to buy some UK size clothes while I was there but gave up because it was just too expensive. The only thing I bought was an L size Uniqlo shirt 😂 it’s a good fit but it cost me at least 50% extra than if I had bought the XL equivalent in Japan.

  • @keithw4899

    @keithw4899

    Ай бұрын

    Scandianvians travel to the UK to shop in thrift stores when they are on holliday. Here they find cool gems and real British atmoshere.

  • @rc3398x
    @rc3398x29 күн бұрын

    This is true in the US as well

  • @stephenbarusso
    @stephenbarusso29 күн бұрын

    I’m so glad I’ve found your channel. I am absolutely fascinated with the Japanese culture. I deployed to Japan in 2020 and spent 7 months in Okinawa and a base in Gotemba, Japan. Even back then I noticed how “cheap” everything was for us. I am starting to learn Japanese now and practice Iaido at a local dojo near me. I plan to hopefully visit again soon. I am sorry for what is happening within your country and I hope your KZread channel takes off so you can start earning some money through your channel. Wishing you the best, Stephen Edit: JUST BOOKED MY FLIGHT TO JAPAN! I am very excited and will be visiting Kyoto.

  • @thadtuiol1717

    @thadtuiol1717

    17 күн бұрын

    Your country is a major part of the problem.

  • @dwkchung
    @dwkchungАй бұрын

    The Hong Kong dollar is one of the few currencies still pegged to the US$. Therefore the Yen will also be at a 34 year low against HK$. So my guess as to why Hong Kong is the fifth most popular destination for Japanese people must have something to do with the short travel time of 4.5 hours, therefore cheaper than going to other destinations.

  • @mjmf1430

    @mjmf1430

    Ай бұрын

    In Hong Kong there’s no import duty on many things, including designers’ items, unlike Japan. Also food and transport are generally inexpensive in Hong Kong compared to Japan.

  • @lroberts3329
    @lroberts332918 күн бұрын

    Our cost of living is high in the UK but the good thing for us is when we travel our currency is stronger in most places. I dread to think what it’s like for people from lower currency countries. It makes everywhere so expensive for you.

  • @oiausdlkasuldhflaksjdhoiausydo
    @oiausdlkasuldhflaksjdhoiausydo22 күн бұрын

    Same in europe…

  • @ssssaa2
    @ssssaa229 күн бұрын

    A large part of the reason for this is that interest rates are now higher in the US and other countries but in Japan they are still very low, so people want to move to those other currencies to get higher interest rates in their bonds and savings accounts. In the US it is easy to get 5+% interest rates now with government bonds or even just a savings account at a bank. The exchange rate actually was fine before that, even despite the economic stagnation in Japan. I think it will mostly go back if the interest rate gap reduces again. But I think the US is not going to cut rates in the immediate term. Another thing to note is that the Yen has gotten even weaker than it looks because the US has experienced higher inflation than Japan in the last several years by quite a bit, so wages in terms of USD have gone up a lot more than wages in Japan have in yen.

  • @oreowhity4440
    @oreowhity444019 күн бұрын

    Yes I am totally agree with you life here in Japan is getting difficult. Salaries are not increasing and the common goods or foods are getting very expensive. Anyway I lived here in Japan for more than 24 years.

  • @askjapan9669

    @askjapan9669

    19 күн бұрын

    Many Japanese people get sick

  • @poil8351
    @poil835129 күн бұрын

    Most of the world is unfortunately getting poorer. Australia food costs are getting ridiculously expensive and housing is insane.

  • @thadtuiol1717

    @thadtuiol1717

    17 күн бұрын

    The Lucky Country my arse

  • @SteveKarpali
    @SteveKarpaliАй бұрын

    No guitar at the end???

  • @DaBinChe
    @DaBinCheАй бұрын

    This is normal Macro Economics Equilibrium of world economy. As more countries get more developed everything starts to equal out. Perfect example is the US in its economic height post WW2 cause every industrilized country was flatten only the US produced. Once others started to produce the US looses that production which was the 70's. Same has happened to Japan, where Japan's economic height was the 80's. Currently we are seeing this with China, their peak was the 2010's.

  • @Baranoeda
    @Baranoeda14 күн бұрын

    Very interesting. One should remember that during the Japanese golden 80's, the Yen was also valued low, at 200 yen/USD. It might be that the yen need to be this weak, to restart the economy? What would happen to exports if the Yen was at around 100 to the dollar?

  • @DarkAngelOfTexas
    @DarkAngelOfTexasАй бұрын

    The US is getting poorer for the most part as well. The rich are getting richer, of course, so the statistics are skewed.

  • @latte8680

    @latte8680

    Ай бұрын

    The US is poor because the sushi. This is the main reason and then we have the homeless🍙🍙

  • @buttsbrown2442

    @buttsbrown2442

    Ай бұрын

    Seems like even if median American is making more, things are costing more than that, it's not keeping up.

  • @happycakes1946

    @happycakes1946

    Ай бұрын

    @@nicolasgirard2808 is that measured in dollars? The cost of living has been increasing more than wage growth as far as I know.

  • @giomusah2155

    @giomusah2155

    Ай бұрын

    I had difficult times in the US, but found new friends in Bangkok, if only for a night....Sometimes u need to enjoy life to forget troubles

  • @nicolasgirard2808

    @nicolasgirard2808

    Ай бұрын

    @@happycakes1946 it's in terms of net worth. From 2019 to 2023 the net worth of millennials gained 49%. Now, after inflation that's probably more like a 20 to 25% real gain, but still. People on average did gain wealth over the past few years, the issue is that it was the result of an unsustainable government deficit.

  • @budstep7361
    @budstep736117 күн бұрын

    Thank you for sharing, America may face a similar problem... I watch a channel "Uneducated Economist" and he is constantly discussing the Cantillon effect, which is a type of money exchange thought-experiment that explains relative advantage of economies and their cyclical nature of ups and downs across very large time spans. In my opinion, government intervention and advantage taking of free markets caused this problem, and I don't know how to solve it without stopping the fake stimulus and letting it collapse back to increase the relative advantage

  • @askjapan9669

    @askjapan9669

    17 күн бұрын

    thanks, very interesting indeed. I will check it out

  • @oliveribanez6935
    @oliveribanez6935Ай бұрын

    I have solutions been trying to connect with the gov. But getting no respond.

  • @initialdwu7821
    @initialdwu78213 күн бұрын

    This is good, so I can travel to Japan on the cheap.

  • @ocean080
    @ocean080Ай бұрын

    I am sorry to hear this... but currency always fluctuates up and down - No currency is forever up or forever down. US is massive in debt, cost of living is high, houses are very expensive, the economy is also not doing well.. who knows when USD becomes weaker and Yen becomes stronger.

  • @hacker4chan180
    @hacker4chan180Ай бұрын

    My cousin in the marine and one of my co workers keep telling me how cheap stuff is over there compared to the US and my co work told me it was so cheap he went to Japan twice in one year

  • @SakuraBurma
    @SakuraBurma29 күн бұрын

    I just came back from Japan 2 weeks ago, I wouldn't say the average food/meal price in Japan was that cheap. Probably 10~20% cheaper, not more than that. From Australia.

  • @4mb127
    @4mb12729 күн бұрын

    Weak yen is very good for exporting industry. Also if tourists say the price is very cheap, then of course increase the price for them.

  • @sealone777
    @sealone777Ай бұрын

    Yeah, I can understand. One of the main ways to fight inflation is to invest in business that increases the value. I am sure tourists related stocks like hotel, airlines are doing very well. Of course, one needs money to invest. This is how richer gets richer and poorer becomes poorer.

  • @skoog5600
    @skoog560027 күн бұрын

    It’s going to get a lot worse and not just here in Japan. Best to hunker down and curtail your spending.

  • @askjapan9669

    @askjapan9669

    27 күн бұрын

    True, thanks

  • @Weenry
    @WeenryАй бұрын

    the solution is simple, invest in US stocks, it preserve the value of your money and compensate for the inflation since the market go up and the inflation of yen is stronger thas dollars so you even win money like this, the only problem is because the yen become weak, the value of 1 stock become more and more high, so you need to be as fast as you can be to invest your money for 1 point, 2nd point, increase your salary by asking to be pay more or do a side job or anything.

  • @lukebruce5234

    @lukebruce5234

    Ай бұрын

    too late the US is in a decline the growth of the US won't continue after the next recession

  • @-lord1754
    @-lord175429 күн бұрын

    Becoming poorer and poorer is a worldwide issue sadly. There is tons of reasons but ultimately I think the middle class is dying and frankly it is really depressing when growing up you were told hard work promised you good money and a nice family but that is definitely not the case now and reality hits like a shinkansen. Good luck sir

  • @JegErN0rsk
    @JegErN0rsk29 күн бұрын

    Its easy to get fixed up conversion rates.. Japan is one of the best countries in the world when it comes to living standards, health, food quality and so much more. Your nature is beautiful and diverse. To me thats more important than anything Travelling abroad is overrated. I've been a lot of places. There are very few places Id willingly go back to. Now all the places I want to see are in my own country, Italy or Japan

  • @NightSkyTower
    @NightSkyTower29 күн бұрын

    Yes, here is another subject for you to add to your Vlog....Japanese education need revision for critical thinking subjects in school like political science, religion and philosophy etc.

  • @alext898
    @alext898Ай бұрын

    Would you consider investing in foreign assets?

  • @adminomhfoz1908
    @adminomhfoz1908Ай бұрын

    Low yen is great for exports?

  • @andrewdegozaru74

    @andrewdegozaru74

    Ай бұрын

    ...but bad for the labour force whose wages always lag CPI inflation.

  • @silversurfer8237
    @silversurfer8237Ай бұрын

    Most people are experiencing hard times. Saving money is a virtue becausing living beyond one's means will always lead to disaster at sometime in the future.

  • @jjjjjjjjooolllllllllll8395
    @jjjjjjjjooolllllllllll8395Ай бұрын

    The Japanese stock market is performing great. So just saying it's not only bad news.

  • @jjjjjjjjooolllllllllll8395

    @jjjjjjjjooolllllllllll8395

    Ай бұрын

    @nathanguergis No, it's not only inflation. It's rising expected earnings per share among publicly traded companies in Japan. Why has Warren Buffet been investing so much in Japan recently? Just inflation?

  • @jjjjjjjjooolllllllllll8395

    @jjjjjjjjooolllllllllll8395

    Ай бұрын

    Investment pouring out of China into Japan is not just inflation and neither is the new semiconductor chip plant(s) that's planned to be built.

  • @mabushipster9578
    @mabushipster957822 күн бұрын

    honestly, it is not just Japan, I mean, if you currency is weak compare to a US dollar, of course, going to a foreign country is very expensive, I think that's why people with very strong currency think that everything is cheap abroad in comparison to their country

  • @hitadhunbishxxx6849
    @hitadhunbishxxx684929 күн бұрын

    Exchange rate is a double edged sward, cheep Yen is good for the Japanese export, which japan does a lot. On the other hand, it's bad for the import, because Japan has to import so many things. Some years ago, the exchange rate for US dollar vs Yen was 1:~90, and many Japanese economists including my friends talked so much about how bad it was gonna be to the Japanese economy, but it obviously wasn't that bad as they predicted, so this time it will also be fine, Japan will get through things like this just like they did it many times in the past.

  • @chelsey1ize
    @chelsey1izeАй бұрын

    We have the exact same thing here what governments are not considering is ppp-purchasing power parity. It's overlooked. What is the discrepancy between the value of the currencies? This can be brutal on your working, domestic person. Remittances sent abroad trump investing in the country they work and visit because of the huge difference in currencies and that impact is greater especially if the visiting and working populace is solely from one or two countries.. Should greater 'diversity' occur then? What is the impact of the currency difference? Short term, money comes in, increased labour commodification but long term=deteriorating work conditions and trade deficit, has greater problem if it's too much and too soon. Some countries depend so much on exporting labour, which is their 'main' commodity', that it is having a worldwide economic detrimental effect on all countries, as more countries with 'main' economics make it the norm, even those with a strong history of hard-earned workers' rights and strong economic businesses..It is globally spreading. I have had about 5-9 managers in one year,(minimum) half of them I don't really know, musical chairs, but they keep coming in-it is getting closer and closer to an old soviet commune style operation. . . it's ridiculous. All of them from India and they just keep coming.

  • @Ventcis
    @Ventcis22 күн бұрын

    I grew up with: Panasonic, SONY, TDK… what a companies!! Recently I had Toyota Celica (now I have Mustang). The Japanese electronics will be my always favourite products!!🔥🙂👍

  • @askjapan9669

    @askjapan9669

    22 күн бұрын

    Good old days for Japan would never come back

  • @philho.youtube
    @philho.youtube26 күн бұрын

    This channel is much better than that abroadinjapan garbage.

  • @askjapan9669

    @askjapan9669

    26 күн бұрын

    Thanks for your comment

  • @freddo93
    @freddo93Ай бұрын

    Thanks. I am from France and believe me, our economic situation is far worse. The French national debt is enormous, and most is own by foreign interests... Which is not the case for Japan. Take care

  • @geertstroy

    @geertstroy

    28 күн бұрын

    I think you dont understand economics. but alas....

  • @ddhgerlb
    @ddhgerlb15 күн бұрын

    While it is true that a country with few natural resources can thrive, it becomes extremely difficult when global trade slows or stops. How can a country thrive without global trade? What are the alternatives, and what would be your solution?

  • @mfer134
    @mfer134Ай бұрын

    Im bullish on JPY. The Yen just hit its bottom. I know travel is expensive now but it won`t be in the future. Do Japanese people invest?

  • @Californiansurfer
    @CaliforniansurferАй бұрын

    The United States values Money. I am Mexicano American which we are called Chicano .. People who live in Mexico are much happier because family and friends are more important than money. My white friends who go to Philippines , Vietnamese , thiallinad and bring back their wife’s. After two years, they want money. The poor guys get divorced. Americans value Money Must important.. Just being honest.. Frank 😅

  • @TheTungdil2

    @TheTungdil2

    Ай бұрын

    That’s a very massive generalization of 350 million people lol. I’d say you’re right to some extent but there’s many people in USA who I have met that value family over money. Anyways best of luck to you on this journey of life.

  • @rahmi.digital
    @rahmi.digital12 күн бұрын

    In Europe some countries have 6 weeks consecutive summer holidays and I'm not talking about students :D

  • @Centre14

    @Centre14

    11 күн бұрын

    6 weeks is crazy. does that come with pay?

  • @rahmi.digital

    @rahmi.digital

    10 күн бұрын

    @@Centre14 you are probably from the US or Japan right? Yes, up to 6 weeks paid holiday!

  • @Centre14

    @Centre14

    10 күн бұрын

    @@rahmi.digital i'm japanese. graduating uni and starting work next year. In japan, 20days/year is the norm of paid holidays.

  • @rahmi.digital

    @rahmi.digital

    10 күн бұрын

    @@Centre14 but nobody really takes 20 days off in one go for holidays, right? I'm from Germany and my parents even had 6 weeks paid holidays in the 90s and 2000s. And on top of that there are also bank holidays. But currently I think France has the best conditions for employees in Europe. Here's what I found online: France: Public Holidays: France has 11 public holidays each year. Annual Leave: Workers are entitled to a minimum of five weeks (25 working days) of paid annual leave. Additionally, French employees often benefit from additional days off known as RTT (Réduction du Temps de Travail), which compensate for the 35-hour workweek regulations, potentially adding up to another two weeks off. Move to Europe my friend! :)

  • @Centre14

    @Centre14

    10 күн бұрын

    @@rahmi.digital interesting. might as well move to europe lmao. finding a stable job would be really difficult tho.

  • @thisisallthereis
    @thisisallthereisАй бұрын

    Hey man

  • @AlinasilviaAndrei
    @AlinasilviaAndrei27 күн бұрын

    Domnule îți doresc multa sănătate că-i mai buna decât toate zice o vorbă românească și e mult adevăr în ea,restul sunt detalii

  • @askjapan9669

    @askjapan9669

    27 күн бұрын

    True, thanks

  • @AlinasilviaAndrei

    @AlinasilviaAndrei

    27 күн бұрын

    Scuze,am 56 de ani și sunt româncă,in privința sărăcirii ,e o chestie care se întâmplă în multe țări,in privința grijilor pentru viitorul în carieră,stai liniștit,consultate cu familia și o să găsiți solutii

  • @jqx7743
    @jqx7743Ай бұрын

    Other countries are experiencing high inflation

  • @f430ferrari5
    @f430ferrari528 күн бұрын

    Please always think Buy Low and Sell High but when it comes to your own currency if it is low then sell stuff to other countries because your goods are inexpensive in their mind and raise prices to foreigners. Tourism for Japan is at all time high and Japan Rail Pass is getting quite expensive. Other goods and services rising also in popular tourist areas. It is nice of you to create video content about these subject matters.

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