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immigration ruins country's, just look at the west and the uk its destroying us.

Uniqlo will save Japan

And yet some Japanese companies are still top of the game like Toyota and their Lean Manufacturing, I think this mentality is timeproof, their government should embrace it and apply it to all of their institutions

When you hear someone say "crony capitalism" you know there is something they are hiding, something they are protecting.

Actually the BOJ triggered a real estate bubble intentionally. Just as the US mortgage backers did, EXACTLY 20 YEARS LATER.

The upcoming Honda, Nissan and likely Mitsubishi merger will be interesting. It should result in painful plan closures and layoffs- but they will likely try to avoid that embarrassment and try unsuccessfully to return to their last success. 🚗

I’m Japanese and living in Japan. I see so many videos / articles on how the economy is collapsing. However, I’ve never had to worry about finding a job because there are just so many. You don’t need degrees for it either - most companies will teach you from scratch. Housing is cheap because they don’t increase in value. Getting a mortgage is easy and the interest rate is lower than 1%. Cars are cheap so I don’t need loans to get them, but I don’t even need one because I can use public transportation that’s cheap and reliable. The salary is lower than other developed countries, but it has never been an issue because the cost of living is much cheaper. There are all these countries in the west with ‘high GDP’ and ‘flourishing economy’ but what is the point when housing prices are unaffordable and people are struggling so much financially? Are we doing economically based on a set of metrics? Maybe not. But think the true metrics of a good economy is if people are able to afford to live comfortably.

So what ? Do not live in expensive cities.

Well done.

So every mf making content about this just for views

Personally I am pleased that we are out of the EU. The main reason is as a small business owner amount of regulation coming from them are becoming too much.

nice

Plaza Accord is one of notable bookmarks in the timeline.

Why did they sign that deal to devalue the yen at the pressure of the US ? It sounds like thats where all their troubles began

Yes government are the dumbest corrupt pieces of shit on the planet

Wow… The Americans are so full of shit.

Government corruption and incompetence is where it starts

I'm not going to watch this video right now, but let me guess: waste not, want not

It may be difficult to understand, but money is not that important to Japanese people. This may be because Japan did not win capitalism and democracy through revolution.

Shuto Kousoku scene 😂

Funny thing is the narrator's voice reminds me of Justin Trudeau.

So the moral of the story is that if your ¨allies¨ are F'ing up the economy don't shoot on your foot to save their butts because they will let you alone when you get in the same situation. Calling the Americans ¨allies¨ after what happened in WWII between them is a stretch but calling them like that after they passive aggressively forced them into a coercive measure to protect the American exports that was obviously going to bomb their exports and sofocate their economy is straight up madness, Japan has taken many abuse from the west, specially the US and they need to stand up, even Europe who stood proud in the past now are a lumber of meat being drag around and their politicians are making the same terrible decisions because, again Uncle Sam is in trouble and kindly suggested them to protect *their* economy. Imagine if Japan told to them to F off and fix their own problems, they'd probably have invaded Japan again or apply a storm of sanctions to Japanese exports with cheap excuses as reasons as like they like to do.

Its astonishing how obsessed the Japanese are with things that are harming them, like holding on to being "Japanese" is more important than their very survival. Its like the Tokugawa period never ended, they're still closed off, xenophobic as hell and in profound denial about the dire state of their country

Ironically, these mistakes made by Japan has a lot of parallels made by other countries, though maybe not to the same degree, is definitely apparent. Corrupt capitalism between large corporations and the government, and making its own citizens pay for their faults is all too common among money countries that claim capitalist policies. It's not just Canada and Australia.

The US govt has been taken over by the wealthy elite. As Americans, we're to blame for letting them accrue so much wealth. We can have billionaires or democracy. We can't have both. They have turned the govt into a giant money-laundering system.

Another wikipedia reading😍😍😍

Banks and interest are evil. Source of all bad things in the world

You ignore that the savings from hiring undocumented result in further investment and jobs. Firms expand and reinvest and that’s why jobs continue to be created. Eventually these other jobs will hire locals that the undocumented cannot do.

Despite everything I still envy them the fact that you can live on the minimum wage, that is unrealistic in Europe. Unless you live with several people.

Comprehensive and well-informed. Wow. Keep up the good work. 🙏🏻

I don't like Japan and Japanese. I love Beijing and China! Guangzhou in my heart. I was born in the USSR! We have the best country in the world and China reinvented my USSR by the best way for people. When I'm going back to Kazakhstan I'm seeing total corruption in the country right from the border. China is the best!

Woke to go broke

There is no excuse for this. The people at the top don't understand the value of software, and Japanese programmers produce ugly, buggy software. But that's why even a low-level person like me can get hired as a systems engineer. Closed thinking has been ingrained in Japanese thinking for a long time, and it's been true throughout history.

Chaebol, zaibatsu or Gujjus. All have the same flavor crony capitalism

An excellent video, thank you. I appreciated your broad overview. It's just a pity that your interesting script was distracted and made a little difficult sometimes by the music you played to compete with it.

COPY PASTE VOX CHANNEL

Hey 2&20, I saw this video and it sounds eeriely similar to your video. ruclips.net/video/rNGVbh7fA1o/видео.htmlfeature=shared

The US controls global currency values. If there is a country that opposes them in any ways sees a fall in value on a global scale. That scary part is there is no concrete way to figure out how they do it but they do.

who else clicked on this video thinking it was from Vox?

Safer than usa

TL;DR: Japan has limited natural resources to export. Historically, Japan has had few natural resources such as ores, oil, or gold. There are accounts from the Edo period of people running into burning homes to save valuable items like iron nails, reflecting the scarcity of materials. Additionally, Japan's geography makes agriculture challenging, with about 70-80% of the country being mountainous or unsuitable for farming. Adding to these issues are Japan’s aging population and low birth rate, which strain the economy and social systems. Furthermore, Japan’s notoriously demanding work culture often drives skilled workers to seek opportunities abroad, exacerbating domestic labor shortages.

America is soo shit fr

It's not, "crony" Capitalism, it's just Capitalism and it's not a bug, it's a feature. It is designed to enrich the already rich and powerful. Your history is great, but your analysis of why leaves several things to be desired, notably the cause of all this pain: Western Imperialism and Capitalism.

いや日本経済は絶好調でしょw 株価も4万近く行ってる

very good, excellent treatment of a complex subject in a 15minute window. Couple comments in support of the conclusions: Japanese labor system still depends on a pension system for retirement, hence the desire to keep less efficient business operational. Further, it's very difficult to change jobs in Japan (at least it was in the 1980's and 90's when I lived there), due to the way hiring processes work. Consequently, the labor force is not mobile (there is no 401K and very limited tax advantaged retirement savings ... correct me here if there is someone out there who knows more). Without a mobile work force where the labor force can move their retirement with them to new more efficient innovative companies, it becomes very challenging to let old inefficient businesses (especially if it's a very large company) fail. Politicians and corporate executives will need to face or answer to people and their families who lost their job without any retirement savings. Japan has had many opportunities to fix this, but their system of government requires 100% consensus of the Diet legislature to pass new laws and bills. Basically, nothing happens. Japan can and has adapted as well innovated in response to competition from Korea and China (you should do another video about what Japanese companies have done right to stay relevant in the global economy). Overall, the fault rests with the Japanese Government, the way the government operates (thank you General McArthur), and Japan's monetary policy missteps. These are my observations and experience: Lived in Japan in the 1980's, and I worked with Japanese companies for many years on product design and development (Sharp, Hitachi, and Sony) from late 1990s through 2008.

Canada was originally the most beautiful and richest G-d given gift to mankind. It was the genuine Garden of Eden. But then reality followed. The one truth that Canadians refuse to believe is that Canada is one of the most corrupt countries in the western world. This is not something that just happened. It has always been a reality. For years it has been controlled, and in fact was often beneficial. But this is the new world, and the corruption has become immense, not just here but throughout the world. Canadians have always enjoyed the self-delusion of moral superiority, especially towards the elephant to the South. But decades of stupid, corrupt and destructive governments have brought the day of reckoning. Whether or not their still is time to reverse this, I do not know. It breaks ones heart.

Everyone(from 3rd world country) wants to live in Canada. Thats why no one(from 1st world country) wants to live in Canada. Because Canada these days is just full of people from 3rd world countries and they worsen the economic situation of the mainland people and cause numerous social problems.

Outstanding video, but you missed one key fact that lead to the Plaza Accords: Postwar, the US was the one that set and held the Yen at 360JPY to the dollar. And as someone that has lived in Japan 20 years, yes this country is behind stuck in the past, and as soon as one leaves the big cities, the economic and population collapse is visible. Abandoned homes and shuttered factories everywhere.

If they were scared about Japanese takeover of the economy in the 80s I don't want to know how the feel about China's today

This is highly biased opinion. How much US bonds does Japan own? Messed up US economy, printing dollars messed up global economy perhaps