Japan 06 (Aug 17 - Dec 24)

Re: Japan 05 (Apr 15 - Jun 17)

Postby behappyalways » Sat Nov 17, 2018 7:31 pm

Ageing in Japan

How Japan can cope with the 100-year-life society
Shinzo Abe must be bolder if a society of centenarians is to stay solvent

MORE THAN half of Japanese babies can expect to live to 100. This prospect would have horrified Yukio Mishima, a writer who thought it so important to die young and handsome that he ritually disembowelled himself after staging a pantomime “coup” attempt in 1970.

It horrifies today’s pessimists, too. They worry that, as the country ages and its population shrinks, health bills will soar, the pension system will go bust, villages will empty and there will be too few youngsters to care for the elderly.

The key is to have enough people working to support those who no longer can. There are three ways to achieve this: persuade current workers to labour longer, encourage more women to enter the workforce and let in more immigrants. Japan has made progress on all three.

The share of over-65s in work is the highest in the G7; the share of women in the labour force has recently overtaken that in America; and the Diet (parliament) is debating a bill that would allow up to 345,000 foreign workers (called “trainees”, not immigrants) to enter Japan by 2025. Companies are eagerly investing in robots to raise productivity. Mr Abe vows to reform the public pension system to encourage even later retirement.

All this is welcome, but it is not enough. If Japanese people are going to live to 100 they will have to retire much later than 70. Women are too often stuck in part-time or badly paid jobs. Nearly 70,000 immigrants a year may sound like a lot, but Japan’s population is declining by almost 400,000 a year and there are a stunning 1.6 vacancies for every jobseeker.

Mr Abe should let more migrants in. Some fret that foreigners will make Japan less safe and harmonious, but there is no evidence of this. Others fear that they might become a burden, but with few exceptions the law lets them come only if they have jobs. Given Japan’s low fertility, importing young workers is the only way to fill potholes and change sheets in nursing homes.

Mr Abe should also create more incentives for locals to work longer, with a formula that automatically adjusts the timing and generosity of public pensions to reflect rising life expectancy and contributions. This is politically difficult anywhere, but the alternative is an inevitable debt crunch.

Last, private firms should scrap the seniority system, whereby pay increases with years of service and staff are forced to quit at around 60. This survives because the people who could change it—senior managers at large companies—benefit from it.

The government can help by banning mandatory retirement ages, which would force firms to change seniority-based pay. Companies would have to reward merit instead, which would be good for productivity and for women, who lose out on promotions when they have babies.

An ageing society need not be a decrepit one. As Mr Abe notes, today’s elderly Japanese walk as fast as those ten years younger once did. But for Japan to stay solvent as it turns silver, he too must move faster than he has done thus far.

Source: The Economist
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Tue Nov 27, 2018 7:20 pm

Japan govt selling 10 million abandoned homes at super low prices, but nobody wants to live in them
https://mothership.sg/2018/11/japan-giv ... explained/
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Tue Dec 25, 2018 7:16 pm

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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Wed Jan 09, 2019 7:27 pm

Reminder: Japan to charge all travellers ¥1,000 sayonara tax when leaving Japan from Jan. 7, 2019
https://mothership.sg/2019/01/sayonara- ... avel-levy/
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Re: Japan 05 (Apr 15 - Dec 19)

Postby winston » Wed Jan 23, 2019 10:12 pm

Japan facing major risk of recession this year

The latest numbers indicate a serious downturn in Northeast Asia trade, and headaches for Abe

By WILLIAM PESEK

In recent days, Singapore, South Korea and Taiwan all saw significant U-turns in their terms of trade at the end of 2018.

News today that Japan’s exports fell 3.8% in December from a year ago demonstrates the extent of collateral damage from the trans-Pacific tariff war.

One: Recession watch is on
Two: The BOJ outlook
(The BOJ owns more than half of the government bond market and 75% of exchange-traded funds)
Three: The tax debate
Four: Dealing with Trump


Source: Asia Times

http://www.atimes.com/article/japan-fac ... 8-31514885
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Thu Jan 31, 2019 8:12 pm

Why some Japanese pensioners want to go to jail
https://www.bbc.com/news/stories-47033704
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Sun Feb 03, 2019 8:37 pm

【伊賀忍者】日本第一忍者大學課程 原來忍術真係有得學?
https://hk.lifestyle.appledaily.com/lif ... 3/59204399


【伊賀忍者】女忍者機關屋親授4大秘技 記者實試一日煉成伊賀流忍者
https://hk.lifestyle.appledaily.com/lif ... 3/59204398


【伊賀忍者】「忍者後代」開人氣百年古董店 仲有超萌忍者貓店長駐場
https://hk.lifestyle.appledaily.com/lif ... 3/59204397
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Sun Feb 17, 2019 4:25 pm

Coaxing young men out of their rooms
https://www.bbc.com/reel/video/p06y5hmn ... heir-rooms
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Tue Feb 26, 2019 6:45 pm

2019.02.23【文茜世界周報】日移民政策歷史性變革 擴大開放門戶迎外勞
https://www.youtube.com/watch?v=5WRTNLT ... U&index=15
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Re: Japan 05 (Apr 15 - Dec 19)

Postby behappyalways » Sun Mar 03, 2019 3:37 pm

2019.03.02【文茜世界周報】日本30年內規模七以上地震 恐過九成機率
https://www.youtube.com/watch?v=FTHh75C ... ex=11&t=0s
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