Japan data confirms first currency intervention since 2022: on.wsj.com/3X9gaex

@Booz2020

15 күн бұрын

Slava SAMURAI 🗾 Heroyam Yakuza 🦾

@bronson4574

15 күн бұрын

I understand the point of the video, but surely it isn't growing because of the negative interest rate...

@maknyc1539

15 күн бұрын

4th largest economy is great, it doesn't need infinite growth to prosper.

When everybody lived in 1980, Japan already lived in 2000 When everybody lived in 2020, Japan still lived in 2000

@w1s86

15 күн бұрын

Are you sure the 2020s are better than 2000?

@kimjongoof5000

15 күн бұрын

​@@w1s86Not sending Americans to fight in Iraq/Afghanistan and global decrease in poverty is a big one

@NotKimiRaikkonen

15 күн бұрын

@@kimjongoof5000idk. I had fun in Iraq...

@dd3715

15 күн бұрын

They still have high speed trains and can send spacecraft to distant asteroid. How many countries "living in 2020" can achieve that? Or by "living in 2020" you mean by gender ideology, racism, overmigration and so on.

@geoms6263

15 күн бұрын

And when the Japanese were cannibals during the world war ..... where were we?🤔

Japan's stubbornness to stick to tradition is also the same reason why they are so fascinating to us outsiders

@missplainjane3905

14 күн бұрын

What is fascinating

@Cha4k

13 күн бұрын

@@missplainjane3905 That they have managed to maintain their indigenous culture despite globalist efforts to erode it.

@seiji6195

12 күн бұрын

@trevorwebb448 you can keep your traditions while at least upgrading your useless bureaucracy no one talks about changing their culture or whatever

@barexampasser

12 күн бұрын

@trevorwebb448yup. They don’t import people with different values that destroy their culture for “MUH GDP!!!!!!1!!”. Some things are more important than having a constantly growing economy at the expense of your society.

@zuesadam7143

12 күн бұрын

​@@barexampasser but it is at the expense of their society Their birth rate is plummeting and the Yen is unstable Nothing is static, the Japanese from today would be unrecognisable to the Japanese from the 1900s, They have made changes before and they need to do it again if they're planning on sticking around but implementing changes that suits and works for them.

It's simple. Japan is extremely bureaucratic. Companies value age over skills and pretending to be busy over being productive. It destroys innovation.

@havencat9337

15 күн бұрын

its simple...Japan its not independent country since they have a huge american military. so whatever decisions they make they are done in the interest of americans. Just see what Plaza accord is.

@olska9498

15 күн бұрын

@@havencat9337 South Korea and Singapore also have American military but they don't suffer from bureaucracy like Japan does. So your argument is extremely dumb and you should think before you write.

@alastairhimmer1916

15 күн бұрын

Exactly. All the Japanese have mastered is the illusion of industry and now the chickens are coming home to roost.

@buildmotosykletist1987

15 күн бұрын

Ridiculous comment. Easily debunked by search.

@Patricia-cn7ox

15 күн бұрын

@@olska9498south korea and Singapour have a different kind of US intervention. Japan was punished to make them dependent of the US, they were riddled with american propaganda, the high consumption of bread despite how wheat doesnt even grow in japan is one of the most transparent exemples.

This is was a waste of 5 minutes. 🙄Japan is worse than US because stamps and fax machines? Okay but their citizens enjoy clean streets, excellent public transportation, and don’t worry about being drowned in educational and healthcare debt and not being shot down while going grocery shopping.

@museli_addict

2 күн бұрын

It was a question of productivity, and stifling bureaucracy. Japanese people are awesome, and will remain awesome with more efficient processes if implemented. Singapore has great productivity and still retains a great culture for comparison.

@Dan16673

23 сағат бұрын

Usa has culture issues

I was looking forward to this but disappointed by the shallow and stereotypical analysis. The more interesting question is whether Japan's course is really worse than what other countries have chosen. The US may have hyper-productivity and innovation but are the outcomes - economic and societal - really better than Japan's? I guess it depends on what is important to you. For me, I'd choose the balance of Japan's positives and negatives over those of the U.S. any day.

@cmt6997

12 күн бұрын

In 200 years, the US and Europe will be absolutely unrecognizable. But Japan will still be Japan.

@Valentin-oc5nh

10 күн бұрын

working long hours everyday?

@mikea5745

10 күн бұрын

@@Valentin-oc5nh The average American worker works more hours per year than the average Japanese worker, according to OECD data The idea that Japanese workers have incredibly long hours is quite outdated. Similar to the incorrect notion that Japan has an exceptionally high suicide rate (their suicide rate is now markedly lower than the US)

@erikmagium6455

9 күн бұрын

But compare to european countries then. Germany is richer and more innovative and still has a good economical and societal situation.

@strawberrykun6136

7 күн бұрын

I think if a country has low productivity, their economy is plunging, their workplace is overworked and disappointed. Then yes I would say it's going rather bad for you.

In most of Japan, the trains run on time, the service at any establishment, no matter high end or low end, can be counted on to be decent and pleasant, the streets are clean and incredibly safe, you can walk anywhere alone at night without looking over your shoulder, you can take care of most of your errands at the convenience stores that are everywhere, the food is good and affordable at most restaurants, and housing is much more affordable than most cities in the west. I would take this over some measure of “efficiency” and “growth” made up by economists any day. Economists these days are just cheerleaders for the one percent.

@user-ye6ty9ie8g

11 күн бұрын

Well said.

@vladys5238

5 күн бұрын

affordable by your western salaries standards... Japanese people work long hours and overtime to make ends meet and live in cramped spaces. These measures made up by economists unfortunately affect the little man more than the big capitalists.

@alexphelps7042

5 күн бұрын

Rigorous social conservatism isn’t all sunshine & rainbows. They have a nearly %100 criminal conviction rate, more xenophobia than fundy Christians, many businesses are weirdly afraid of objectively useful progress like debit cards & their suicide rates make America seem like an international paragon of mental healthcare

@cw214

5 күн бұрын

@@vladys5238 actually if you look at measures of housing and general affordability in comparison to wages, no Japanese city is even in the top 20. It’s mostly western cities with more “productive” economies lol.

@idromano

4 күн бұрын

"Economists these days are just cheerleaders for the one percent"

Japan is fine. You can't have infinite economic growth in a finite world. It's already richer than 190+ other countries. Keep in mind they have the highest life expectancy in the world still

@offeric

12 күн бұрын

I'm tired of this bs propaganda of "economy needs to grow"... f the economy

@NomanAhmed3

12 күн бұрын

Yes, Western media biased

@marathiManoos

12 күн бұрын

exactly. I have lived in Japan for many years with salary the same each year and I never felt anything missing from my life. In fact its their process oriented nature that helps keeps things working and stable, and I personally loved it.

@lucasleao3482

11 күн бұрын

That's a fine mindset, hate this bs, a lot of things are more important than being rich.

@JKLoans

11 күн бұрын

@@marathiManoosabsolutely agree. I live here currently and while it took some getting used to, I certainly do love it.

The video fails to acknowledge what seems to be the elephant in _every_ room these days, which is *China* . Even in the 90's it was already known that Japan was a "two speed economy -- a globally competitive export-facing economy subsidizing an inefficient domestic one." Mr. Koll's anecdote about Japanese fax machines has been repeated by historians and economists ad nauseum for decades now. The difference now is that Japan's bread and butter export industries have been slowly displaced by the rising boats of first the Koreans (Samsung, LG, Hyundai) and the Taiwanese (TSMC, Foxconn) and now by 1.4 billion Chinese. The US has avoided this fate mainly by fleeing to higher ground, to the labor-rate-insensitive knowledge-worker industries of the Magnificent Seven, but there are only a limited number of such jobs (even with the US nearly monopolizing these industries in the global economy), which are leading to the US' signature problem today -- a limited quantity of extremely lucrative jobs creating a shortlist of crammed, overpriced, gentrified cities, leading to mass suffering and inequality.

@christine_notchristina

13 күн бұрын

wow, i would love to learn more about what you said. it's very interesting. if you dont mind, could u please elaborate more or point me to a direction where I can learn more about this? Thank youuu!

@leeswecho

13 күн бұрын

@@christine_notchristina there's not a lot I can do in KZread comments, but certainly there are two phrases which you can look up to find more of what I am referring to here. The first is _"Rise of the Rest"_ , coined by Fareed Zakaria in his book of the same name, describing the process of what China and the rest of the BRICS are doing in the world economy. The second is _"Dual Economy"_ , coined by Richard Katz in his book "Japan: The System That Soured" (which, notably, was published in 1998).

@farzana6676

13 күн бұрын

​@@leeswecho Robots with AI are going to reshore manufacturing back to the USA.

@jjsamuelgunn1136

13 күн бұрын

@@farzana6676 A probable scenario. But like you said it is manufacturing. Not manufacturing JOBS. How are the American people going to buy the stuff being manufactured by robots if they don't have jobs, or even fewer jobs. I still haven't figured out the conundrum. Robots and AI will take over many of the physical labor as well as knowledge based jobs.

@nikolaizaicev9297

12 күн бұрын

Respect, finally someone in a commentry section, who has at least read the works of Adam Smith and Ricardo. The only mistake you made is in case of US. It did not avoided this fate, it just prints money and uses it to buy the goods while at the same time, investing some of it into financial sector's blob. As long as US$ is the main currency in the world's trade, US will consume large part of goods produced abroad, and does not need to worry about having a competitive economy or anything like that. Thus, it is not because of the magnificant seven that there are no jobs, it is because most of the money and investitions is sucked into financial markets for speculations, etc, not into real sector of economy. Thus, one trully needs only a limited number of brokers, bankers, etc not so many as in case of factories, etc.

The Starbucks comparison is the most hilarious thing I’ve heard in decades. Working at a Starbucks in the US SUCKS because of this way of thinking smh

@jorgeavelar98

13 күн бұрын

Yet with the way the US operates, employees can see their wages increase a lot faster than they do in Japan. And dont be fooled, just b/c a Japan business has more employees does not mean theyre not overworked. Japan citizens are the second most overworked individuals on the planet on avg after Mexican citizens. So not only are wages not increasing in Japan, people still get overworked more so than the US....

@pibob7880

13 күн бұрын

Most insightful comment here. The obsession with high marginal productivity of labor in customer facing service industry makes the worker experience horrible in US and customer experience horrible in Europe

@BlindBison

13 күн бұрын

Agreed entirely, the focus on “worker productivity” has made a lot of jobs miserable to perform in the USA. His Starbucks example was indeed a very poor one when you consider the situation from the perspective of the employee on that floor and effects on turnover. Also charts of wage growth in the US versus Japan are worthless without a corresponding chart to show inflation rates. Japan has had relatively low inflation for awhile now and that’s relevant. Also surprisingly considering their land area constraints housing has not ballooned how it has here in the US in recent times. This video seems to want to paint Japan as a dinosaur but in many many ways they’ve got a great thing going seems to me. Low crime to boot.

@wallstreettrader1

12 күн бұрын

​@jorgeavelar98 I have worked alongside Mexicans here in the US since the 80s in Chicago. Got tired of having to do their work and mine. Their work ethic is a myth.

@JP-kp9kh

12 күн бұрын

Housing market depressed in Japan because of population decline. But i agree with you. Low inflation has been a boon for the workers. Only the capitalists of the WSJ complain

japan's way of doing things also allows them to have a MUCH larger middle class than the US

@livwake

11 күн бұрын

No point having money if there’s no time to enjoy it

@mehg8407

11 күн бұрын

@@livwake Tell that to the hundreds of thousands of homeless people here in the US. The millions that can barely afford rent. The millions that can't pay medical bills. Not to mention the majority of the country that can't even afford a $1K emergency.

@gimei-chan

11 күн бұрын

so what's the issue if more people are rich than middle class? Wouldn't you wanna be rich than stay middle class?

@mehg8407

11 күн бұрын

@@gimei-chan so what's the issue if more people are rich than middle class? Because it will spiral into what we have in the US today. A few rich people and a whole bunch of poor people that have to live on the street. >Wouldn't you wanna be rich than stay middle class? People always assume they would be on the winning end of a society of few winners and a majority of losers. Statistically speaking, your odds of being well off are low in that kind of society (see US).

@gimei-chan

11 күн бұрын

@@mehg8407 That's just false. US has seen increase in number of rich people, meaning people have moved from middle class to rich. What the US calls "poor" is actually a very high bar, even for japan. Of course, when the mean is moved higher, more people will count in the 2nd quartile, but that's just how statistics work; it doesn't mean those people are way worse than before.

thats what the western media wants to believe. fact is japan is booming with weak yen and strong tourism

@SASMADBRUV7

10 күн бұрын

Japan is not booming, where did you get that idea from?

@pepper0075

8 күн бұрын

Not really, of anything the yen It’s tanking their wealth

@wander9642

14 сағат бұрын

Booming? Have you taken a look at their rapidly declining population? In 15 years, the government will have a serious shortage of taxes to pay off the pension of its retired seniors... not to mention the government itself. It's GDP to Debt ratio is one of the worst. I'm not a Japan hater by any means and I admire Japanese people but their woes are real and people just realize it.

Did you guys forget to color grade the video?

@dezainaa

14 күн бұрын

thought the same

@creativemindplay

13 күн бұрын

No, it was intentional

@giovannimartin9576

9 күн бұрын

Maybe it's intentional, to give some old vibes.

Did WSJ see US put a straw into Japan's vein by forcing Japan, with the help from Japanese collaborator, to sign the Plaza Accord in 1985?

Being occupied by foreign troops means Japan is very limited in terms of political and economic power.

The irony of this video looking like it was made 30 years ago…

"Be like us" is not a compelling argument americans. Please provide actual data points. "Americans does this" means nothing.

Makes you realise that if Japan can have such a large and advanced economy with so many fundamental inefficiencies, their best days could really be ahead with all of the low hanging-fruit. Just need a proper reform movement.

@josehawking5293

15 күн бұрын

They are doing just fine, unlike a lot of Americans strung out on a sidewalk near you.🤔

@allesarfint

15 күн бұрын

Japan and reform are like water and oil

@vlhc4642

15 күн бұрын

Japan's problem is they believe their economy is advanced while using fax machines. The first thing they need to do to move forward is to acknowledge their economy is neither advanced nor large.

@theotheleo6830

15 күн бұрын

I don't think so. Their population is aging quickly, their birthrate has decreased to the point of unsustainability, and they are averse to immigration.

@sarkaranish

15 күн бұрын

@@josehawking5293 they're not doing "fine" they are in so much debt they are on the brink of collapse

Totally disagree on the Starbucks example. In US, most Starbucks with far fewer workers means longer waiting time for the customers. This same "efficiency" achieved by lowered service quality can be found in most retail establishments.

@theotryhard8651

15 күн бұрын

yea exactly, Japan provides far higher quality services.

@NN-pe6ip

13 күн бұрын

This is why Japan is such a nice place to live, there is a trade-off between profit and quality, in the West things have gone too much in the opposite direction.

@mikami5799

13 күн бұрын

Yea he gave a bad example. The Japanese construction sites often requires unnecessary guards, even for smallest construction like refurbishment and even for the least populated area where no body is around.

@jefri4176

13 күн бұрын

Yeah super bad example on Starbucks. 😅

@MrDravous

13 күн бұрын

it's a bad example but a good point. mikami's about the guards is better. also the traffic directors for parking lots, or having 5 registers at a supermarket open when no one is in line. and these are just the customer facing ones we can see. think how many redundant jobs are there in all those buildings all over the cities.

As a person having japanese dad and Amerian mother, and living in Japan right now, I would say it is fact Japan has some outdated custome in business. but honestly, I found it unique, and interesting. I enjoy the diffrence. I feel like if entrie world focus on productivity and discard uniqueness, the world would be more boring.

@richardconway6425

15 күн бұрын

Definitely. I'm English and I would absolutely love to spend some time in Japan. It's of course so different, but endlessly fascinating. And, let's not forget, there are many things the Japanese do *really* well, better than everyone else, in fact. Like trains, to name but one. I love the fact that they have these rich cultural traditions that we discarded decades, if not centuries ago. We should celebrate our differences, but make an effort to understand why we are different.

@serebii666

15 күн бұрын

" I found it unique, and interesting." Congrats, now you know how the tourists of the 19th and 20th centuries felt when visiting backwards nations - It is what fueled exoticism, including orientalism. Later on, these sentiments justified imperialism against these places - on the grounds that the people there were did not deserve to rule themselves if they were incapable of modernizing. That is how Japan itself rationalized colonizing Korea and later China. As Paul Krugman said “Productivity isn’t everything, but in the long run, it’s almost everything.” - As a metric productivity is the key to a country's prosperity and standard of living. And for Japan, they have stagnated for the past 2 generations. Even former Socialist countries in Eastern Europe have already reached or surpassed Japan here. And that is not good news for Japan's future, since it's population will only get older, requiring even more investment and focus on that aging cohort, which will only increase pressure on younger generations. We already see from the low birthrates and closing schools, higher tax burdens and labour shortages, dying countrysides and lack of innovation that Japan's standard of living is diminishing.

@vlhc4642

15 күн бұрын

Too bad the locals who can't afford to travel because Yen fell 50% can't experience the difference.

@David-ud9ju

15 күн бұрын

@@serebii666 Lol, what?

@Booz2020

15 күн бұрын

Make TOYOTA Great Again 😎 Scotty Kilmer

It's all relative. French Bourdeaux Wine, Mexican Tequila, Japanese Sushi Knives, look to the traditional artisans that hold up these world renouned industries and they have no equals. When pride is measured in a tradition of perfection, instead of the fatness of wallet, outsiders see distress, but locals feel rich with satisfaction. Culture may not make much money but it is what makes you famous. In some ways, Japanese culture is like Nike, the brand is worth more than the sum of it's physical assets. If you were to compare countries as brands in the way it shapes the minds of people around the world, Japan is in the top 3. Imagine whipping out a hand carved white marble stamp when signing papers, or dabbing a MontBlanc fountain pen in a bottle of ink, we call that snobby, but the guy doing it feels pretty good.

To the editors in charge of this video: Did you really not realize the footage was shot in log?

@addygreen8919

15 күн бұрын

log? Do you mean analog?

@Heyspencerb

15 күн бұрын

No, log format, Google it

@perpetualcollapse

15 күн бұрын

@@addygreen8919 He’s saying the video wasn’t color graded. LOG video has dull looking color as it’s meant to be graded in editing.

@sulamy1955

15 күн бұрын

Yes mate, it’s hilarious that such a big company made such a rookie mustake

@humble_integrity

15 күн бұрын

@@addygreen8919 no i think that was on purpose to demonstrate a point

Yet, living in Japan is more pleasant and safe than in any other western places...

@anonymous_person-iv4pw

14 күн бұрын

ur not wrong yet video is also right

@Ex.zed.

14 күн бұрын

And it's still backward on so many levels!

@missplainjane3905

14 күн бұрын

@@Ex.zed. What other things

@missplainjane3905

14 күн бұрын

@@anonymous_person-iv4pw You live there

@itsmini6175

13 күн бұрын

I’d argue the Scandinavian countries like Sweden and Norway also provide a pleasant experience while utilizing modern technologies

Unlike in Japan, the conditions behind high productivity allow workers to be laid off quickly. Land prices are too high, and rental rooms are too expensive for them to afford. They cannot get proper medical care, and if they fall ill, they are immediately fired and end up at the bottom of society. I don't want advice from a country where former workers are roaming the streets like zombies in droves.

Keep the quality up Japan, it matters to a lot of people. If the alternative is overpriced, fragile junk that will end up in landfills or recalled then I wouldn't say that's a worthy alternative to strive for.

@Booz2020

15 күн бұрын

Make TOYOTA Tacoma 🗾 Great Again 😎 Scotty Kilmer

@Western_Decline

14 күн бұрын

the alternative to floppy disks is better, i promise

@keithmartin1328

12 күн бұрын

Absolutely correct. I have several Japanese made products, including my 14 year old Toyota, they are all of good quality.

@SASMADBRUV7

10 күн бұрын

​@keithmartin1328 so you still use floppy disks then?

Suicide rates are higher in the United States. Working hours are also higher in the U.S. Mental illness rates are also higher in the U.S.

Someone hasn't been to Germany 😂

I found Japan (at least Tokyo) way more efficient/high-tech-oriented than North America. I mean, the ramen places had vending machines so you didn't need more than 2 waiters!!

@user-co5ri6dp3c

10 күн бұрын

@@missplainjane3905 In Japan, construction work is already being carried out using unmanned heavy machinery operated from a control room hundreds of kilometers away.

@sumguy7716

10 күн бұрын

Living in Japan paints a very different picture to just visiting.

@missplainjane3905

9 күн бұрын

@@sumguy7716 Universal

Did you guys have AI edit this video?!? It is so ridiculous. The narrator says the line, "a country rich in culture, but resistant to change" while footage of a rickshaw, and women wearing kimonos are shown? Give me a break. People in Japan don't travel around using rickshaws: they are a novelty geared towards tourists. And kimonos are worn for special occasions, or by performers, restaurant hosts, etc. Women in Japan don't just throw on a kimono and go to the grocery store. And kimonos and rickshaws and temples, etc. are not signs that the country is 'resistant to change.' They are signs that the people of Japan celebrate and choose to perpetuate their traditions, which is not a bad thing. And doing so does not mean the country cannot move forward. After all: these traditions and customs have been present continuously, even during Japan's technological heydey in the 1980s.

We still use faxes in the united states just not as frequently , the primary reason being that ultimately Email isn't that secure, and for communications that are meant fundamentally to be private, Fax machines are the better bet. Like you'd fax your Doctors office information, sometimes. And when they need to send your informaiton from one office to another in the medical industry they'd likely use Fax as they can't quite trust the security of Email. The West likes to make jokes about Fax machines being Obsolete but the reality is they're still used here, and will be whenever Email isn't sufficient.

@mujur9101

11 күн бұрын

why it is not safe? Are you using Chinese mail account and network? If not, US always claim their email account and network is the safest in the world. 😅😅😅

@kythrathesuntamer9715

11 күн бұрын

@@mujur9101 For one thing in terms of tech at the level of personal computers tech evolves at a rate much faster than nature itself does and by exponents it improves so with that in mind "Tech time" is not like human time and in technical years the invention of email makes it just as ancient as fax because after just 2 years computers tend to double in speed these days and for many years it was every 18 months per moore's law which held up until relatively recently so once you go past 5 years everything older than that is Ancient in tech years and similiarly so like after that it's all legacy AF and usually expected to be what you'd find in a landfill and Email is "Ancient" the same way Fax is already, and thus hackers have had far more time to dicover vulrenabilites in the underlying system and I recall a certain kind of engineering where email that passes between domain names taking a rather lengthjy route that involves multiple hops to it's final destination such that it doesn't take a purely linear path from sender to recipient under the hood but boiunces a round a lot before it arrives at it's final destination at any point of course a person could man in the middle it should they want to. Which is why you're well advised to use PGP to send email if you really need privacy - but training someone how to use that is cumbersome compared to a fax.

All correct. But don't forget the Americans forcing Japan to double the value of the Yen in 1985, leading them towards their crazy real estate and stock market bubbles of the late 1980s.

@SASMADBRUV7

10 күн бұрын

Tbf I'm not sure how that relates to some of the issues like this which Japan now has

@user-co5ri6dp3c

10 күн бұрын

​@@SASMADBRUV7 That's why Japan's Ministry of Finance and media to support interest-rate increase, tax hike, a stronger yen and deflation. It is often said that there are many traitors in Japan's Ministry of Finance and in politicians.

@CausticLemons7

8 күн бұрын

The Japanese bubble was there regardless of the Plaza Accord, and their government continued pumping money into the economy for years even when the bubble was bursting.

@Dan16673

23 сағат бұрын

Huh? Usa didn't do that but they did screw them in the 90s

By far one of the worst "informational" videos I have ever seen.

@yurgurtha4757

15 күн бұрын

5 minutes is way just to short to explain something so complex. You watch it and still dont have the fully picture, just a glimpse.

@Endonae

15 күн бұрын

The videos I've seen from WSJ lately have been consistently terrible. They don't do enough research, there logical issues with their analyses, they utilize or make deliberately controversial, or misleading clickbait titles. I don't read from them, but I hope that they're putting out better stuff than these videos. They are destroying their reputation and credibility.

Fun fact: America now has a higher suicide rate than Japan, and Japan has only about 3,000 homeless people, compared to about 650,000 in America.

@deedelta9263

11 күн бұрын

Its VERY hard to beat USA's ludicrously high homeless population, but if you look into it, a number of outlets and orgs are highly skeptical of Japan's homeless reporting. Some consider it to be very lackluster and dismissive with intentional agenda of keeping their numbers low to look good to the rest of the world. Additionally, there's a sizable phenomenon in Japan of young adults and teens technically not being "homeless" only because they are literally forced to go home by police when they are intentionally trying to harmful home/family situations such as domestic abuse or SA, which Japan does not take a strong stance against, prioritizing "the parent is always right" philosophy. Does that change your point all that much when you compare to America? No. But don't think Japan is just all sunshine and rainbows either

@mehg8407

11 күн бұрын

@@deedelta9263 Japan is not all sunshine and rainbows. That's not what he meant. But COMPARED to the US. My god, it's way way better. I hope they don't change. We should be learning from them.

@pigbenis274

11 күн бұрын

@@deedelta9263 Japan is not all sunshine and rainbows but you couldn't pay me to leave it. I've lived in Japan for 10 years, every time I return to the US everything just seems like a mess of rude people and disorganization

@user-co5ri6dp3c

10 күн бұрын

Yeah. Japan's unemployment rate is 2.6% so it's perfect. Many unemployed Chinese and Koreans are looking for work in Japan.

@cobytang

10 күн бұрын

Yeah, that's because Japan has a lot of homeless shelter-esque net cafes, karaoke boxes and SROs, paired with a high social stigma towards homelessness, which makes a lot of homeless people to hide themselves away in those places, thus taking them out of homeless statistics. If they live in the US, they'd 100% become actually homeless.

Japan’s inefficient practices come from their post war excess population. But those people are retiring, smaller population following.

@Nerinav1985

15 күн бұрын

Japan is an extraordinary nation. As the first non European country to achieve industrialization by early 20th century, this nation prooved that it was possible to ascend technologicaly as a oriental civilization. Indirectly Japan was the inspiration behind every non western success story. Japan is a phoenix. Rising from the ashes of defeat and disasters. Land of rising love and beauty. 🗾

I have visited Japan many times. Unlike my hometown in the USA, the streets are clean (no litter, feces, needles, tents, comatose drug addicts) and safe, people are polite and the trains run on time. We have nothing to be smug about.

@MiguelDLewis

14 күн бұрын

You've never lived in Nagoya then. The streets are clean, but you go by the train tracks, there's liter everywhere. The bridges are rusting away from lack of maintenance and the malls looks like ghost towns. Women of the night line the streets, many of them underage Yakuza girls. What Japan lacks in street liter and addicts, it makes up for in urban decay and human trafficking.

@a1sauce775

14 күн бұрын

@@MiguelDLewis lol you should be the last to talk.

@agoodchow

13 күн бұрын

Both Japan and USA are in trouble.

@MiguelDLewis

13 күн бұрын

@@missplainjane3905 Other places are nice, especially places catered to tourists. I never saw any liter in Nara, Kyoto, or Tokyo.

@MiguelDLewis

13 күн бұрын

@@a1sauce775 "I am black and beautiful." - Song of Solomon 1:5🙏🏾✝📖

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@TitaAnderson

15 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@marlisamirabal

15 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@Cammimullens

15 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@marlisamirabal

15 күн бұрын

Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Cammimullens

15 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

The US wanted Japan to fail since the 90's when the Yen value was so high for Americans to afford to buy Japanese cars. The US then asked Japan to drop its currency value down to almost nothing. So Americans can afford to buy Toyotas. Since then, the Yen has never gained it value. That's how America get rid off its competition. Do America want the EU to fail? The answer is YES.

Part of this is also due to how US impose Japanese technology products to be priced same as US and Europe products in 90s. Since the Asian market are looking for cheap products, of course, Japanese lost their markets since their products, to this day, is difficult to enter those countries who imposed these condition on Japan. Asian countries then see Chinese made products being cheaper, even though some of the brands are from the US and Europe, of course they would buy it. As time goes on, Chinese got the skills uplifted from massively producing US and Europe digital products, leading to steadily create their own products with much cheaper price. This further leads Japanese losing their markets. So, who should be blame on this? Japan? China? Of course, it is those who always imposing whatever on countries they deemed a threat (to be frank, it would be US). Then, US argue that they do that to 'safeguarding' the principle of free market. What a load of BS, if I could say. When they see certain country comes up with cheaper products with quality rivals theirs, they will do everything to stop them. Then, why don't they create cheaper products than them? Then, they will argue that to cover the cost since they pay their worker 'fairly'. They will always trying to justify themselves even though what they are justifying is unjust.

Hmmm, the U.S. is a society where only a few rich people are making money, right? There is no proper social insurance system. Inflation is so high and the gap between the rich and the poor is so great that it cannot be compared to Japan.

Japan should not listen to foreign critics. A bustling economy, on paper, isn't the mighty end all be all. Strides for perfect efficiency have destroyed so much of the good we have here in the west, where all of our goods have turned into junk quality trash, and an economic environment that feels sickly despite markets being at "all time highs". Companies here work very hard to redefine US culture, with pride. Companies there work hard to respect and oblige by Japanese culture. Companies here have a price-gouging attitude of "the right price is the highest someone is willing to pay for it". In Japan, they practice self restraint. Your prices for goods don't fluctuate regardless of whether you're in or out of the airport, in the heart of a busy city, or out in the country. Let Japan address their own issues in accordance with their values.

@team3am149

14 күн бұрын

Leave it to Americans to always think the grass is greener on the other side. Companies in Japan don’t “respect and oblige by Japanese culture”, they are just as fiercely materialistic and shallow as anyone else. You seem to have some sort of rosy picture where companies can have these idealistic values and still be competitive. Go search up some of the Japanese corruption or shady and appalling business practices.

@Aar69

14 күн бұрын

@@team3am149 Firstly, I am Japanese American. Secondly, I have observed many of these differences and attitudes from businesses myself. I am not saying that Japanese businesses are without blemish, but there very much is a clear difference in how companies make decisions and how they behave towards Japanese consumers versus the states.

@missplainjane3905

14 күн бұрын

@@Aar69 You have work there sir, what are the differences ?

Japan is even moving away from sewing machines, which they are/were a global leader in -- and have set the entire standard for sewing machines that make all of our clothes. What happens when Japan moves away from holding supremacy in that space will be interesting. No one makes metal parts as precisely as Japan on such a mass scale. Your clothing was sewn on a Japanese sewing machine ... as soon as they lose interest in their process-centricity and "obsolete technologies" like mechanical sewing machines, the quality of clothing and sewn goods dies and //you// naked. Think about it. Support Japan, buy Japanese, and stop the over-emphasis on virtual technologies, rather than tangible ones. Japan needs tech diversification and a way to retain the old while integrating the new. Humanity is dependent on Japanese reliability and innovation. Praise and respect to Japan!!!

The stamp is interesting how Japan uses old technology to avoid foreign hackers

I remember when back in the 90s Japan was going to take over the world economy.

Culture is important but culture can be expensive.

@meteorknight999

15 күн бұрын

Blaming govt problems on culture ? The govt and corruption is the problem

@Pfromm007

15 күн бұрын

@@meteorknight999 Not sure if OP blamed anyone in general. Perhaps OP knows that most problems in society are multifaceted. Take government for example. Most positions in government make a modest salary, but politicians, especially in the US, consistently end up millionaires. Much of this wealth comes from special interest and lobbying via banks, businesses, and military. The problem with corruption, therefore, lies in a system of government where a separation of these different interests doesn't exist. It fundamentally undermines the idea of checks and balances, and the principles of a two-party system, as both parties are effectively owned by the same groups of people, who have control over the internet, mass media, economy, government.. Well, your entire existence in society and everything you know. And should you start asking questions, someone on the internet will immediately step in to correct you or think you're crazy or accuse you spouting conspiracy theories.

@breezyashell

15 күн бұрын

what does this even mean?

@theotheleo6830

15 күн бұрын

@@meteorknight999 The govt is not immune to its country's culture. The govt does not operate in a bubble. Culture affects everything in the country.

@stuff4232

15 күн бұрын

if you're not spending on culture what's the point

The medical industry in the US still uses fax machines, and won't use email for most things. Of course, health is one of the least efficient industries in the US.

@missplainjane3905

14 күн бұрын

Are you from the medical field

The dude that he interviewed gave terrible examples to be honest, he could have given Japanese love for cash instead of using digital payments which is more surprising in an advanced economy.

@tonyquach9655

15 күн бұрын

I just came back from Japan and it seems the change from cash to digital payment is definitely improving. I was able to use my card for like 95% of places. This pertains to the big cities like tokyo/osaka. It was way different from when I visited back in 2017.

@glenvandy

15 күн бұрын

@@tonyquach9655 That's great to hear, heading that way later this year again and constantly using cash was quite a hassle, especially when so many cards now have no foreign transaction fees

@Arkiasis

15 күн бұрын

​@tonyquach9655 the Suica card is honestly great. You can use it as a debit card in most of Tokyo. These days though it's more so through the app as sort of an apple pay type affair. The US has been really bad with cards for a long time. When Europe switched to chip and pin the US didn't adopt that. And the US was very slow to adopt contactless debit/credit card payment. It's improved a lot in the last few years at least.

@turistsinucigas

15 күн бұрын

@@tonyquach9655 absolutely, I remember times when transiting through NRT or HND I couldn't buy ANYTHING from those vending machines without coins or their own cards. Looks like they are on the right path now, at least in this matter. More, same NRT and HND, the multitude of employee just unnecessary guiding people from jetways to security AGAIN, is far from efficient...

@santostv.

15 күн бұрын

Germany also has that problem because they love cash and they apparently also still use faxes, my country in small businesses has that problem but because they like a bit of tax evasion don’t tell anyone ect

When wsj criticizes you for being not productive, that is a compliment

@exfinen_2919

15 күн бұрын

WSJ "productive" defined is at 1:43 , GDP(USD)/Hours-Worked, so if worked too long then that's lower productivity.

@SomeLazyDr

12 күн бұрын

No wonder service is so much better in Japan - if you've got five people getting things done at Starbucks, that means you will actually get treated more than just a number as a customer.

@SASMADBRUV7

10 күн бұрын

​@SomeLazyDr you don't understand what productivity is

@Isaactorres60

9 күн бұрын

Exactly, according to them we should sacrifice our lives just to be productive for Wall Street, no.

@qwertyqart

9 күн бұрын

@@SASMADBRUV7 I think, I might. from my vantage point, it is revenue per employ.

maybe being the most efficient and productive isnt the most important thing

1:50 *showing chinese tourists dressed in kimonos as it they were Japanese* LOL

This is what makes Japan's culture rich. Can't believe they have listed in this video all the good things about any civilization and calling it bad. American obsession with infinite growth is going to doom the whole world.

@maheshrathod5593

15 күн бұрын

I Like Japanese culture

@havencat9337

15 күн бұрын

they killed millions of people and area very cruel civilization - also they build temples for those criminals ofwar... and neve apologised fully (given that they are known for deep apology when it comes to the WW2 they did very very small gestures) . ask the Koreans, Chinese, Philipine and others in Asia. IMO their culture should be reformed and surpassed.

@FullLengthInterstates

15 күн бұрын

If they stop the negative press on Japan, Americans might start to question why we can't all live in a big, safe city and live to 84 years old while making only $33,000

@austinduke8876

15 күн бұрын

My opinion of Japan was that the worst thing was the fertility rate. If that country could stabilize at like 2.3 TFR somehow Japan would be the gold standard for how to be a nation state in the modern world

@serebii666

15 күн бұрын

Forcing people to come into the office to stamp a document instead of using a digital certificate like everyone else in the world is what makes Japan's culture rich? Maintaining a business culture where looking busy instead of streamlining problem solving and paying out dividends instead of investing in R&D is what makes Japan's culture rich? Enduring sexism and terrible working culture creating non-existent work-life-balances, plummeting birthrates and karoshi is what makes Japan's culture rich? You think all of these things are the best Japanese civilization has to offer?

The wage in the US has increased 150%+, but most Americans are not getting richer. It is because of the high inflation and the wealth transfer from the poor to the rich,

@jorgeavelar98

13 күн бұрын

accounting for inflation, wages have kept up in the US. that is not the case everywhere else. the US seems to be the only country in the entire planet where wages grow along with productivity

@nouvelhomme8990

13 күн бұрын

Most people are richer. You are lying.

@wallstreettrader1

12 күн бұрын

​@@jorgeavelar98Wrong again. You need to study economics, then you'll be able to keep up on here

@teamtoken

10 күн бұрын

@@wallstreettrader1​​⁠ Median Disposable Per capita income (PPP adjusted) *US* (2nd): $48,625 *Japan* (24th): $24,855 What did they get wrong?

@pepper0075

8 күн бұрын

@@nouvelhomme8990wrong

There is value in quality and something that’s handmade vs machine made! Economists can say whatever but that doesn’t change ground reality. Look at the state of public transportation in the US vs Japan, look at the state of bridges and road in the US vs Japan. Look at the quality of stuff that’s made in US vs Japan. It’s day and night😊

If Japan's economy is so bad, why is so much of Japan better that the US? Big cities are extremely clean, almost no homeless, very little crime, longer life expectancy, easy and affordable public transportation. Is dollar per hour output what is important about a country?

@darthutah6649

14 күн бұрын

American companies typically strive for efficiency. Meanwhile, urban development is oftentimes hamstrung by preservationists who want to preserve landmarks and neighborhood character. Japan is the opposite of this. You have all of the issues with corporate culture but the national government sets a zoning code and development is much easier in Japan than in the US (which is saying something because Japan has strict earthquake standards). As a result, NYC is filled with buildings from the early 20th century while Tokyo is cutting edge. Housing is notably more affordable in Japan than in the US because Japan keeps on building.

@dezainaa

14 күн бұрын

But overall, all service speed in Japan feels at least x2 as efficient as in the US. Waiting time at the grocery cashier or on the phone in the US are ridiculous. People just don't get paid enough in Japan for what they do.

@Sacto1654

13 күн бұрын

@@darthutah6649 Tokyo has embraced modern buildings because of *TWO* bad experiences with large scale fires last century: the 1923 Great Kantō Earthquake and the infamous firebombing raid of March 9-10, 1945. That's why it's just about impossible to find wooden structures in Tokyo that pre-date World War II.

@darthutah6649

13 күн бұрын

@@Sacto1654 It was a choice of Japan as a whole to move into the modern. Western European cities were devastated in WWII but were pretty much rebuilt the way they were before the war. This contrasts with Warsaw which was completely destroyed and rebuilt in the soviet image.

@nisher15

13 күн бұрын

GDP is a very poor metric to use. There is no such thing as infinite parabolic growth forever in a world with finite resources. Stability and prosperity is a better metric.

I know this is WSJ but life and culture ain't all about making money. Let Japan be a one of kind in piece. There is still the rest of the world to do as the rest of the world does...

@Scottagram

13 күн бұрын

Life ain't about working ridiculous hours either. Japan would have more time for culture if they cleaned up their inefficiencies

Maybe tradition is more important than economic growth.

Using the Hanko isn't going to cause a big drop in productivity. Floppy disks aren't widely used in Japan, similarly the starbucks example is silly. The number of workers per store doesn't seem much different to other countries when you take into account the business of the store. Productivity isn't the only measure of the quality of life in a country. Japanese products and services are better than many other countries in terms of quality, reliability and even price. There's also other factors like safety and cleanliness. Japan likely can make some changes to improve productivity but this video didn't really get to the core of the issue.

@missplainjane3905

14 күн бұрын

Are you there sir

Americans fail to understand that countries are made to serve all its people and not just the business class. I wish we had more than 2 employers working at every Starbucks in the US.

one thing to be said about needing 5 baristas in a Japanese Starbucks vs only 2 in the US is that 3 more people are employed.

@thomasgrabkowski8283

15 күн бұрын

Thing is Japan doesn’t have unemployment, in fact they have opposite problem-rapidly shrinking labor force due to their rapidly aging population and are running out of workers

@yuyutubee8435

13 күн бұрын

It doesn't create employment, it creates _underemployment._ Most young adults in Japan are underemployed and poor. Is it better than unemployment? Yes, marginally.

@Patricia-cn7ox

13 күн бұрын

@@thomasgrabkowski8283 that one is a self inflicted problem. You improve workforce with immigration but Japan prefers robots to immigrants.

Not enough research apparently. Do it again but more carefully and deeply. You missed a lot of core ideas behind Japanese Economy.

My observation is Japan prioritizes social stability foremost. This includes over employing workers even at low wages overall and trying to support workers at the expense of the bottom line. At least citizens have their basic needs met especially with their good national healthcare. Compared to the US companies that easily fire employees to appease shareholders and staggering displays of homelessness and citizens struggling w healthcare needs/costs. So we need to ask “what’s the point of just focusing on efficiency?”

I don't understand why you call Japan's economy inefficient when it is still the top 4 largest economy. It only slid down one place from number three and now it is being criticized. If Japanese economy is inefficient, how do you call the economies of those countries way down there in the number 20's, 50's and below number 100 plus?

I just went to Japan and nothing I encountered made me think that they should be doing anything like the United States. I think sometimes the pinnacle of human culture can't be distilled into economic efficiency. The magic and reverence for old ways make Japan special in a way where I feel like the United States is a mess. By the way I actually saved my receipts in Japan because they were stamped individually and they were the most perfect receipts I've ever received and I never knew about hanko.

@kageyamareijikun

14 күн бұрын

Yes it's all very quaint and cute and novel as a tourist. Not so fun once you try living here as a foreigner and get stonewalled everywhere you turn because "we are Japanese and you are a gaijin. This is Japan and this is traditional Japanese way". Also not fun if you are trying to hustle and earn a living instead of fawning and marvelling at all these "tradition" as if you are strolling inside a country-sized museum.

@missplainjane3905

13 күн бұрын

Crisp ?

A bit disappointing how this WSJ analysis could not get beyond the surface level. 1. Japan slipped behind Germany mostly because of the exchange rate ---- which is a result of external factor(USD) rather than internal. 2. Japan's inefficiency may be notable in a few examples, but almost everyone can also agree they'd rather make the money in the US(the "more productive" economy) and then spend it in Japan, usually because quality and service are better. Should we not factor quality, service etc. into the measurement too? 3. Is there more data than the anecdotal Starbucks diss in the video? (which seems to be the only quantifiable evidence of Japanese low productivity here). It is widely accepted by economists that individual productivity had stagnated globally since the 1960s ---- I really doubt Japan is faring worse than global average.

@badminverse2136

15 күн бұрын

I grow up with Japanese products. When I was young, everything electronics come from Japan. TV, mobile phones, Radio, Cars, portable CD players. Now, I don't see any Japanese products, TVs are Korean or Chinese, mobile phones are Chinese, Korean or iPhone, there are still Toyotas here but it is losing ground to Korean cars and Chinese cars. Japan is just slowly fading away and becomes irrelevant.

@M69392

15 күн бұрын

It's a 5 minutes long video. For more data, buy the newspaper? :-)

@Mikketamakulo

15 күн бұрын

German population is only 84 vs 125 million of the Japanese. What is it with all the Japan white knights, when something even remotely negative is said about the country? Weakening of the yen might not even be a temporary issue but may persist for the foreseeable future. The situation will only get worse, not better due to the dire demographic situation in the country.

@bebebaba3442

15 күн бұрын

Absolutely agreed 👏

@FunnyPieces

15 күн бұрын

日本的主要原因还是创新不够，从而很难看到独角兽企业，所谓“完美”也是不愿改变、没有创新的体现。从另外一方面来说日本并不追求完美，从汽车行业经常性大规模数据造假可以看出这也点

I am in no way an expert on Japanese culture but I find these criticisms to be absolutely silly and downright arrogant. All of these "outdated" technologies you complain about are FAR more secure than the garbage we've largely been forced into using in the West. I was expecting you all to look into issues like insular banks, Abe administration corruption, and the toxic office culture, but that must not be pleasing to your sponsors, hence the focus on absolutely goofy topics.

Don't listen to others. Being the top largest economies has its own toll to its citizens. Just go at your own pace and maintain that balance between economy n culture. The price to pay for progress for progress sake is not worth it.

As a Brazilian that has already visited the "feircely inefficient 4th world economy", that mountainous island rocked by earthquakes and tsunamis, I kindly ask WSJ not to do Brazil next. Thanks in advance!

The problem with Japan's economy is that Japan is a colony of the United States, and the United States does not allow its younger brothers to be better than itself. Japan even needs to provide blood transfusions to the United States amid the U.S. economic crisis. Japan's semiconductor industry was dismantled by the United States itself and distributed to South Korea, Malaysia, and Taiwan.

@petergreen5337

12 күн бұрын

❤Precisely

@GeorgeMartinus

12 күн бұрын

Toshiba and Plaza Accord.

@KhizarKhan2001

11 күн бұрын

That was awhile ago Japan can do better now but they need reforms

@Tixolax

11 күн бұрын

They did the same to Germany pushing the conflict with Russia and cutting off the germans from cheap energy and resources.

They've already industrialized and developed into an advanced economy with little homelessness, poverty, and crime. Their concern is giving their people a high quality of life. Others have more vibrant economies, but what good is growth if all their people don't benefit from it?

I was able to barely watch this but, how did you guys publish this in its raw format? Someone forgot to apply the preset?

4:16 There are more employees working in Starbucks in major cities all over the world, not just in Japan. In Tokyo, for example, coffee shops can be extremely busy, with constant lines. As such, more staff is needed. Starbucks is a profit-hungry corporation, and are not prone to overstaffing for no reason. Duh.

Japanese do not want to pursue efficiency and lose culture like the US. It is none of your business.

@johnhession8035

8 күн бұрын

US lost its culture 200 years ago

I think we can all agree that customer experience at a Starbucks is the true mark of societal progression.

@CarbinKid

15 күн бұрын

Service progression

@the80386

15 күн бұрын

@CharlieGeorge - It's not but it can be a proxy for deeper systemic differences.

@davidanalyst671

15 күн бұрын

I want a coffee, but I don't want to get a coffee from someone who has to live with their mother because starbucks pays $$10 an hour in 2024

@chiluco2000

15 күн бұрын

If their coffee was good it would a phenomenal success

Did you guys shoot Log and forget to add a LUT or color correct?

Despite Japans lower economic productivity, their average life expanded stands at 84 year world vs 77.5 average life expectancy in the US. Perhaps there are things more important than how productive we can be.

@exfinen_2919

15 күн бұрын

beside life expectancy is the high cancer rate in US.

@team3am149

14 күн бұрын

Now look at their suicide rate.

so tired of DW, WSJ and many other western perspectives on how other nations are inefficient or whatever. It's getting old and the boomer perspective is pretty annoying.

@me9008

15 күн бұрын

it is true though and Japanese howl w pain at the consequences. this is why the japanese will work 70-80 hour suicidal inducing weeks and have lower salaries than western 9-5 workers.

@missplainjane3905

14 күн бұрын

@@me9008 What about other countries

God forbid cultural tradition stand in the way of growth for growth’s sake

That's why Starbucks is lousy in US.

I honestly don't think that it's a bad thing

@missplainjane3905

14 күн бұрын

Why

Great, now I want a Hanko to sign my letters with. Not that I send letters, but it would look badass on my Christmas cards.

@unitradwa8314

15 күн бұрын

I thought the same! As soon I visit Japan i will get one

@nillchen

15 күн бұрын

^you can make your own with a potato

@temper44

15 күн бұрын

Perhaps the Japanese got the idea from the Dune movie. I remember Duke Leto Atreides igning the takeover of Dune with a Hanko.

@Kaparzo

15 күн бұрын

@@temper44 Sadly I can't tell if you are joking or not.

As a Japanese, I think it’s difficult to have a balance between tradition and efficiency. Overall I’m really proud of my culture and how safe is.

Really want to know whether not color grading this was intentional for the story or not and just forgotten.

Why is this video so grey

@exfinen_2919

15 күн бұрын

the cameraman didn't know how to use his expensive camera, should've use normal camera with normal settings. The video is so grey because it is using a RAW mode in professional camera intended to be processes in computer to adjust colour & contrast manually.

@goodroger1988

12 күн бұрын

@@exfinen_2919it’s not on the cameraman. He or she shot this correctly in a professional format. The editor or post production team dropped the ball. They needed to process the footage (log) into a standard color space (rec709)

@Trgn

3 күн бұрын

It's call a propaganda filter 😂

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

@SteveDutton-v

13 күн бұрын

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...

@DavidCovington-st2id

13 күн бұрын

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

@tmer831

13 күн бұрын

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@DavidCovington-st2id

13 күн бұрын

My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@tmer831

13 күн бұрын

I find this informative, curiously explored Vivian Carol Gioia on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

Japan is so awesome that so many people from all over the world want to visit or live there.

@johnjohn-bx1ip

11 күн бұрын

Jesper Koll and Peter Landers would be unemployed if it wasn't for the japanese. Its so weird they don't realize that its easier to fake signatures since a person's signature isn't 100% the same whenever they sign something. A stamp on another hand is an exact copy every single time.

In the Japanese workplace, if you work efficiently, new jobs will be served to you. Actually, people don't want to work so much, so they work so lazy. That’s why we work inefficiently every single day.

@missplainjane3905

11 күн бұрын

Are you local

"Inefficient" at what, putting everyone into debt slavery?

@nillchen

15 күн бұрын

that's wrong thinking

@bebebaba3442

15 күн бұрын

And probably at housing crisis, the US and the West are so “efficient” there 😂

There is a very strong implied assumption in this material that GDP growth is the chief metric by which a country's economic success should be measured. Why should Japan wish to "keep growing in the future?"

@thetroyzernator

15 күн бұрын

It's the best we have and a good place to start. The problem is when people don't look beyond it.

@daguchful

15 күн бұрын

Japan is a great example of a country who has been able to move past the modern obsession with GDP.

@gabaghoul__

15 күн бұрын

IPI(Indian immigrant index) should be the standard of economic success. Anglo countries’ success depends on Indian immigrants.

@thetroyzernator

15 күн бұрын

@@gabaghoul__ That is absolutely not a thing.😅

@mic9check

15 күн бұрын

What growth metric are you suggesting that one should look at instead?

This work from Wall Street Journal really misses the point. Focusing on hanko is ridiculous. Has WSJ given up on pens and pencils as well? Are there no more economists at WSJ?

Japan: if it's working, why stop using it 😊

@SASMADBRUV7

10 күн бұрын

It's beginning to not work though

@DavidCarloAFermo

10 күн бұрын

​@@SASMADBRUV7 Then that's when they stop using them. That's kind of a pattern with Japanese culture, they undergo periods of severe reform and transformation up to a point where they become a leader and reach cutting edge. They then stop at a comfortable cutting edge, then maintain their great system until it stagnates them, then reform once obsolete again. It's a cycle of great growth and stagnation.

@Jack-yv2xu

7 күн бұрын

It’s not working though, in fact it hasn’t worked for decades. Japanese workers don’t have the time or money to have kids and now it’s going into a demographic collapse.

@YOSSHI_MK2

5 күн бұрын

@@DavidCarloAFermoIn my opinion, culture grows during periods of stagnation. Like in the Edo period.

There's an expression in Japanese "Otona no jijoh" (Adult's reasons.) Hanko and fax are definitely some of those. I have like ten hankos. Meaning it's a huge market. About faxes I have a funny anecdote. In one factory that I worked some 15 years ago they still used big A1 size faxes to send and receive blueprints. It came all illegible but still it was mandatory (and of course they got the pdf version via email.) I asked my hancho (boss) what's all about and he said "well, otona no jijoh." It turned out the whole management kept this tradition to get kickbacks from the leasing company.

@Oceansta

15 күн бұрын

Agree. I don't think Government of Japan dictates how many employees will man a coffee machine. If there are 5 people, its probably coz Seattle decided there needs to be 5 people.

@CheapSushi

14 күн бұрын

heck we still use fax at the most modern and top hospitals in the U.S.

@missplainjane3905

14 күн бұрын

@@CheapSushi Really

@jimmylam9846

13 күн бұрын

Fax is using in German offices too !

@user-co5ri6dp3c

10 күн бұрын

​@@jimmylam9846 It's very famous. town offices , etc.

Seen from a viewpoint of productivity at a corporate level, "fewer people are better". Alas, those who are denied to have a job then become a burden to the social system of the country, hence, to the taxpayers. With the exception of the US of course, as there social systems are almost non existent. Looking from a societal standpoint, Japan is doing far better, than the report tries to make viewers believe.

This is all BS. It's about market access. Germany, South Korea & above all China have been eating Japan's lunch for some time now because the US favored them over Japan.

@Trgn

3 күн бұрын

Foreign direct investment from the US plays a part but it's not that big of a factor. The US doesnt control the global market. It's all about momentum. Japan was already developed and there not much room left for rapid growth like SK or China. SK and China grew from 0 development into manufacturing and export oriented economies, had allow them to accumulated fast wealth to reinvest and keep snowballing their economy momentum with growing export and domestic demand for the past 3-4 decades. China today dominates global export volume in all sort of low commodities to mid tech products, using its advantage in economy of scale, low wages, large population thus large domestic market. While Japan manufaturing and export hardly grew much since. The aircons, TVs, home electronics and appliances by Toshiba, Sony, Sharp in the 90s that Japan used to make today are replaced with Chinese brands like Midea, Haier, Hisense, TCL,... at much lower prices point, or more premium Korean brands like Samsung, LGs... Japan cant really compete with manufacturing edge on a low resource island, where most raw materials have to be imported, relatively higher wages and aging population. While Korea had luck with its large high tech innovate, high manufacturing based coporations like Samsung, Hyundai hauling its entire economy. Korea also invested heavily in their own manufacturing facturies and supply chains in other developing countries to keep their cost low. China also do this to some extend in underdeveloped countries for both raw material access, and hoping for high investment return once these countries become high growth formula like China used to be. On the other hand Japan similar to most other Western countries had moved to finance and services based economy, instead of heavy manufacturing where they had lost the advantage. Not only does its output and export becomes stagnant. Japan also 1stly doesnt innovate like it used to, it missed out on the smartphone and EV trends that China and Korea had capitalized on. And 2ndly their coroprate leaders are very conservative with foreign investment elsewhere to find a way out, probly because 90s bubble and recession wiped out much of their accumulated wealth and cash, and set them on a very risk adverse, focus inward mindset. For Germany, it always long have had many innovative small to mid size companies specialized in niche export of parts, machineries and 'machines that go inside other machines' for the global market to keep its economy going.

Japan has the best public restrooms I’ve ever been to. I’ll give them that.

If the purpose of an economy is to produce safety or health, Japan's Economy is highly efficient in both value per cost and absolute terms. Even if we want the benefits of high economic growth among the wealthy, its quite tragic that we don't offer a comfortable Japanese lifestyle to poor Americans who at least on paper have a higher income than the average Japanese.

@serebii666

15 күн бұрын

Japan literally has some of the highest work related suicide and burnout rates on the planet. Not to mention karoshi - a Japanese term literally invented to describe death from overwork. This on top of a highly sexist and toxic work culture that has already borne fruit in a sharply declining population and generations worth of lacking innovation. Japan's economy is not highly efficient, in relative or even absolute terms. Even Korea has overtaken them in those metrics. Even certain Post-Socialist and Ex-Soviet countries have overtaken Japan in productivity and PPP/capita, let alone the other important metrics in HDI.

@M69392

15 күн бұрын

Keep in mind averages don't mean much in the USA because it's the land of extremes.

@Starstreak170

15 күн бұрын

Mental health services in Japan are very poor or non existent compared to Western countries.

@coolbuddydude1

15 күн бұрын

Health in japan LOL

@bebebaba3442

15 күн бұрын

⁠@@serebii666I’m Russian and believe me, Russia has NOT overtaken Japan in wealth and life quality in general (especially infrastructure), it still has a very long way to go. It’s such a nonsense. Also, Japanese suicide rate is comparable to that of the US so your “karoshi” argument doesn’t make sense. There is only one difference - Japan takes these problems seriously and pays attention to it, that’s why whole world knows about “karoshi” even though its not that high in Japan compared to others

Why that *HUGE* filter on video ?!?

@oqkdsi

12 күн бұрын

If it was done to make Japan look antiquated like the video says, it was a very cringe tactic by WSJ

“Fewer people is better” - To an extent, okay. But it usually means it’s better for the company, not the consumer. Those two baristas in the US are overworked and customer service suffers. In Japan, those five baristas make the whole experience exceptional and have repeat customers.

I understand the United States maintains 120 military bases in Japan. The United States grossly abuses Japan and does not allow it to operate freely. Japan wanted trade with Iran and Japan would benefit from trade witb Russia.

The guest says, "The transition from analog to digital never happened." This is a preposterous claim. His example (Sony Walkman) alone is enough to prove otherwise. He just needs to buy the latest Sony PlayStation. The critique is justified, but it does not require absurd exaggerations.

@ChiSpire

13 күн бұрын

It’s a well-known fact that Japan is a laggard in software and digitalization.

This says nothing about the effect of Japan's crashing population. It would be a sad world if the only way to stay on top is to give up who you are.

Nah, it’s completely wrong. Japanese productivity is perfectly in line with Western countries like the USA. The low productivity sectors are result of failed government policies and regulations, eg, low minimum wage.