Reply With Quotei doubt..(whispering) Japan STRONG!11
The problem is the formal distinction between those two sectors and how they work together. High end manufacturing and engineering usually means that a lot of external services need to be procured, such as management consulting, sourcing out engineering and development, quality and productivity audits, strategy and restructuring, interim-management and staffing/executive search, yet all these services just exist to support the manufacturing sector to become more and more productive. I am working in consulting, but all our clients are manufacturing companies. Without them our jobs wouldnīt exist. Seeing that Japan is the worlds most productive economy I guess that a large chunk of those services is dedicated to its industry.Originally Posted by Ambassador
i doubt..(whispering) Japan STRONG!11
End of Era would be if this comes true:
http://mdn.mainichi.jp/mdnnews/news/...dm152000c.htmlPeople's New Party leader Shizuka Kamei, Sunrise Party of Japan leader Takeo Hiranuma and Tokyo Gov. Shintaro Ishihara have agreed to launch a new political party in March, political sources said Friday.
Confirming the agreement at their meeting Wednesday night, they are working out a platform for the new party and plan to coordinate with other political parties on candidates for the next House of Representatives election, the sources said.
"I'll cooperate as much as possible" to create a new party, Ishihara said at a press conference Friday, keeping mum about whether he will become its leader.
I don't know much about Japanese politics, but I know that Ishihara doesn't stand for progress.
The era ended already in 1995:
(Proportion of world nominal GDP for the countries with the top 10 highest nominal GDP in 2010)
Ishihara really is not no future, he is an ultra-nationalist right,
advocates militarism, nuclear weapons, may be the return of the beginning of the return of the season after the first world war.
Everything is connected with the appreciation of the yen, the Japanese economy can not adapt to a strong currency, companies are forcing the production to protect local jobs, but production costs are very high compared to that offered by other countries.The era ended already in 1995:
(Proportion of world nominal GDP for the countries with the top 10 highest nominal GDP in 2010)
If the yen back to at least 120 = US$ 1 returns the Japanese economy to grow at least 3% per year.
In 1995 the yen against the dollar hit record, the same thing is happening today, and this shows that the future is not good, the measure that the Usa grow again believe that the Japanese will force a devaluation of at least 100 yen = US$ 1.
Sales tax may be raised higher than 10% due to welfare reforms: Noda
http://www.japantimes.co.jp/text/nn20120205a6.html
Ozawa to oppose Noda's bills to hike sales tax
http://www.japantimes.co.jp/text/nn20120205a2.html
I didnt know that Japan has such low sales tax(5%). And what welfare reform are they making?
Japan could try to devalue the Yen, to make it cheaper for foreign nations to import.
I need to buy more japanese stuff now.
The reform and the foresight that today are divided into three.
1 and an accumulated savings that can not be stirred and not used.
2 and for civil servants.
3 and the private sector.
The government wants to reform in order to use resources from the savings that this can not be used, this saving was created to be used in the future but why not have a goal set to be used can not be spent on theory and is spending the government has to restore the amount spent by the current law.
They want to end up with 1 to pump money into the 2 and 3.
In fact the Japanese government beyond this reform would have to increase to 15% single tax in order to begin to reduce the public debt.
Yes, depreciation will stimulate the Japanese economy. However, it won't solve structural problems like the aging population and the high public debt. In my opinion, the Japanese government is quite passive and doesn't seem to acknowledge the structural problems Japan faces. For example, if the current birth rates don't improve, the Japanese workforce might decrease up to 20% the coming 20 years. Yet, Japan remains a closed nation for immigrants.
As a bachelor student in economics I find it very interesting to explore the rise and stagnation of the Japanese economy. It's a very interesting and unique nation, not just from an economic view. I'm also particularly interested in how the Japanese government will cope with the problems regarding the aging population, as The Netherlands will experience the same problem in the future (albeit far less severe).
By the way, are you Japanese or just an anime fan? Referring to your nickname
But the thing with that is, once the earthquake and fukushima is over, what's next. It's like the illness will not go away here. The earthquake and tsunami just made thing worse. But once that is gone, as the article say, without TRUE reform, Japan won't recover. They haven't truly recovered since the Asian fianiancial crisis of 95.....Now, with an ageing workforce and Zaibatsus STILL running wild, it's bound to get worse unless they bite the bullet and reform...But if I know Asian countries, they won't momentum and cultural imprint die hard, especailly in a conservative country like Japan.
I posted this on another site and got lambasted because everyone think Japan is still ok. But as the article says, it is not. This is from the Newsweek article called "Why can't Japan invent the MP3 and iPod"
As for Japan, if you read that Newsweek article, you will realize they did not talk about anything about the Japanese people, but rather, it's the culture and system that limits what they can do. It's the Japanese who invented the phrase, "It's the nail that stands out who gets hammered back down". What does that mean? That just mean in the Japanese work culture, your work, your results gets evenly divided as a part of the team. You team members shares everything. You can't "Stand Up" too proudly, especially against authority or your team's head. i.e. If you upset the apple cart too much, you get nailed up the wall. It's not to say that Japanese company can't be innovative or can invent things. They CAN, just looking at the Walkman and Discman you will get the idea, Toyota and Honda keep on kicking the "Big Three" ass is another. But the thing is, look deep down inside it, Disman/Walkman is just an evolutionary concept based on the casset player and CD player, except miniturized. As the Newsweek article said, when the road ends (like it did with hardware media), and a seriously new idea is needed, that's when the Japanese gets stuck in a rut cause their system, culture, and work ethics just doesn't allow it (again, do not upset the apple cart too much or else it is you who gets it!)
So, when hardware media reached its end, and new idea was needed. It took Apple and the MP3, a DIGITAL media to hit Japanese upside the face and took them by surprise cause they keep on focused on "what can we still do with CD's?....Even today, many Japanese are still going, "Ok, Walkman, Japanese, DiscMan, Japanese....Then how the F did we have a CCCOOOMMMBBBOOO BRRREEAAAKKKKEEERRR with MP3/iPod, U.S.? Where did our ingenuity and inventiveness go?" Same with computer and high tech technologies. One time, Japanese leads the world in computer tech. These days, many Japanese lament the fact their computers may have a Japanese name (Toshiba, Sony, NEC), but the innards, 80% of it has origines in the U.S. (It maybe made in Japan, but the core tech is in the U.S., that means royalties for the U.S.). So again, they are asking themselves, what happened? Once we were the worldwide leaders, and now, we have to PAY others to use their stuff! What is going on?
And then there is the "Zaibatsu" situation....There is an old saying, and this is from Japan itself. "It isn't the government "Diet" that controls the economy, it's the Zaibatsu that controls EVERYTHING!" As you can imagine, that stiffles competition and thus, innovation....
I think I talked about this enough. AGain, even if you think Japanese is all that, one stark fact stands out, ever since the 1995 Asian Fianiancial crash, Japan has never recovered. Reason why? I think I covered on some of that. AGain, it's not that the JApanese people aren't smart or their companies can't invent things. But when you are limited by your own work culture and belif of "It's the nail who stands out that get hammered back down", then you are limiting yourself on what you can do. Even their most "innovative" stuff can be said as "logical progression on previous products". AGain, the only true innovators who can stand a problem on its head and come from the left field is Nintendo...."Ok, we keep on playing the power game, we loose, so yeah guys, I'm not playing anymore!" And toss in the Zaibatisu situation, and you just made the problem even worse. Many Japanese are already trying to change this situation, like Nissan did when they hired a "Gai-Jin" to resturcture their company. He came in and promptly laid a bunch of people off, which was unthinkable to the Japanese work culture where if you are hired, you are guaruanteed for life. In fact, it worked so well, that the "Goshen Effect" is now a case study. But old habits die hard, especially within an old Asian culture such as Japan.
Yes, depreciation will stimulate the Japanese economy. However, it won't solve structural problems like the aging population and the high public debt. In my opinion, the Japanese government is quite passive and doesn't seem to acknowledge the structural problems Japan faces. For example, if the current birth rates don't improve, the Japanese workforce might decrease up to 20% the coming 20 years. Yet, Japan remains a closed nation for immigrants.
As a bachelor student in economics I find it very interesting to explore the rise and stagnation of the Japanese economy. It's a very interesting and unique nation, not just from an economic view. I'm also particularly interested in how the Japanese government will cope with the problems regarding the aging population, as The Netherlands will experience the same problem in the future (albeit far less severe).
By the way, are you Japanese or just an anime fan? Referring to your nickname
I'm Japanese.
I agree with much you said, will not solve the problems especially with the birth rate.
I think at least able to maintain a rate of GROWTH of at least a 2/3% per year for a long period, the birth rate could give an improved.
I have only one daughter, would like to have more children but the high cost of living, I can not take the risk when the wages provided in the early years post 90 years to reduce the cost of living increases only.
Some of the biggest problems after the real estate bubble burst was that the yen has appreciated and the prices of goods is high manteram without any adjustment.
How can the prices of goods, food and services are virtually the same as 20 years ago, falling wages constant, and most raw materials are imported and the prices do not stop them from growing.
The prices of things paid by the company were inflated and inflated still being sucked in by the government to implement public debt, impoverishing the population to try to remove the excess of money in circulation and stabilize markets.
In my opinion, Japanese society does not make any more children because they do not want it and not natural tendency but because the parents do not offer the conditions to maintain a high standard of living that supports the creation of more children.
The biggest obstacle to open the labor market for foreigners in Japan, are the cultural differences, the foreigners are many distinguished in number and severity of crimes committed, but in fact most of these people were offenders are induced and controlled by the Japanese mafia, the Japanese society thinks that foreigners have a duty to not come into contact with organized crime because they had access to the labor market, when in fact to blame for many problems are forgotten by society.
Last edited by shinigami; 02-07-2012 at 09:59 AM.
Very good articles and I agree with everything.
Many South Korean companies are world leaders in innovation precisely because they know best leverage technologies that the Japanese developed the technology of the memory card was invented by Toshiba, but did not know what to do with it, the proposed use technology Samsung jointly and today are the largest producers of memory cards.
The Japanese companies do not want revolutions in if your system already passed, many young people went to study abroad as South Korea and came back with innovative ideas but the Japanese companies did not like the innovative ideas of young people very different from South Korea
Japanese companies started to give more value to students who have not been trained abroad, it was a great isolation in developing technologies for application in the market, most of the things developed in Japan are made exclusively for the Japanese market and not to become a global success.
The richest man in Japan is a descendant of the South Korean (Masayoshi Son), who studied at the Us and picked up a Japanese company almost bankrupt and now dominates the Japanese market communication.
Without talking about specifics but talking about 'macro' area, this is what is happening in all over the world ; since the falling of communism, here in Europe we saw the moving of industrial production from 'west Europe' countries to east ones since the beginning of the 90s.
Close to Japan there are many growing markets and economies, first of all China for the productions and India for developement investments, also Korea, Taiwan and so on manage a good part pf the production....China as told is nr 1 actually and IF they'll improve the quality of the materials and the quality/affidability of their products there will be no more game for all.
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