Japan is becoming poorer and poorer. How do Japanese people feel about current situation of Japan.
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@DoubleSpy3 ай бұрын
Please continue making your content. It gives us a perspective for the normal citizens of Japan that isn't click bait or shock content. You give a realistic perspective of Japan life.
@brealistic35423 ай бұрын
that goes double for me
@zukariexp3 ай бұрын
true that
@QuadDamage-tt7sj3 ай бұрын
What do you think guys, does it make sense to to move to Japan now being a foreigner? Will there be some perspectives for foreigners now?
@DoubleSpy3 ай бұрын
@@QuadDamage-tt7sj I honestly believe it is probably the best time within the next 6-14 months to move to Japan. The Yen is at an all time low and globally there is an entire generation of people whom are absolutely fed up with the status quo, and I believe that extends to Japanese people in some aspects. I believe in the next 10 years we will see massive change in terms of the global economy as well as Japans “desperation” to encourage younger people to have children. Big changes are upon us and it would be wonderful to be a part of it in Japan.
@chasedownblocks17363 ай бұрын
I’m curious to know which countries who are part of G6 are doing well and who isn’t. The U.S. has definitely suffered here due to inflation especially the housing market and cost of food.
@Aelh933 ай бұрын
this channel is priceless. You got the sentiment of the average japanese citizen in plain english and straight from the source. Just like having a conversation with a friend . Thank you for the content.
@Justcetriyaart3 ай бұрын
I used to spend 25$ a week on food now it's about 100$ a week. I am not paid 4 tines as much
@johnswanson2173 ай бұрын
How did you spend 25$ a week??? That's about 3.5 dollars a day and that would only give me 1 meal a day. Does your employer provide 2 meals?
@keith489933 ай бұрын
In what year span?
@StevenKeery3 ай бұрын
For $25 a week, what were you surviving on, pot noodles? I would spend that much on one meal.
@vicvic20813 ай бұрын
I spent 200$ this week because I pay for food my nephews and parents. I'm single thou
@privatethoughts37983 ай бұрын
Its the same in UK. 2,3 years ago, with 40 pound i buy food for almost 2 week for me and my girlfriend. But now we spending 100 every weekend, buyng almost same stuff...?! I m realy scared to go shopping.....
@glovester3 ай бұрын
KEEP GOING keep uploading your channel is going viral - keep posting good videos dude. It will pay off your mortgage.
@mfer1343 ай бұрын
He`s correct...post. Lots
@QuadDamage-tt7sj3 ай бұрын
His will become more popular after that his leadership at work might know about him and his content. What he is saying here isn't typical for japanese employees. They might laid him off (they will find any reason why). Once he gets laid off it would be horrible. That is worst case scenario
@fringelord3 ай бұрын
People in the USA can't afford to eat at restaurants in the USA either 🤣
@tvcomputer13213 ай бұрын
esp. not with that tipping culture nonsense. turns going out into a guilt-trip. no thanks. take me back to Japan please
@popNdawg3 ай бұрын
@@tvcomputer1321 tipping does not bother me and i have no problem with it when i visit the USA, the entitled youth with the cow piercing under the nose are what i have problems with
@Omikoshi783 ай бұрын
Not with 30% tip on top of the exorbitant menu prices.
@caveteethjoe3 ай бұрын
@@popNdawgWhat part of the US did you visit? I've lived here all my life and have yet to encounter one of these people.
@nihilisticpuppy37992 ай бұрын
@@caveteethjoe I too have lived here all of my life. I do believe they were referencing the eclectic people you can find more commonly on the coastal states (California, New York, Florida, etc.)
@maxrebo84553 ай бұрын
Not many Japanese visit us in Australia anymore. However on the other hand there are ever growing numbers of young Japanese working holiday makers who can earn AUD$23-30 an hour or more in hospitality, retail work and farming compared to around 1000 yen / AUD$10 back home. Employers love them because they’re so polite and diligent and we have countless Japanese restaurants which is a good place to get started before branching out and doing a bit of sightseeing.
@brealistic35423 ай бұрын
I thank the Japanese people most sincerely for producing some of the best cameras, cars and Motorcycles in all the world. Our companies got completely sloppy and greedy and just took total advantage of their customers till you great people stepped in and turned this totally around. That forced our companies to try to do the same. Thank You
@kelvin-uh7tf3 ай бұрын
in video games , japanese also became sloppy . with konami stop producing AAA games .and sega also considered on doing it
@Tascountrygirl3 ай бұрын
I really appreciatw by the wonderful Japanese influence on the lives of myself and fellow Australians. For example, Japanese food in is very in healthy, beautifully prepared and presented. Also Japanese cars have been a wonderful means of transport. I have personally owned and driven several different Japanese cars. My favourite was a Toyota Camry station wagon. I could go on and I am sure many agree with me.
@chickenbroski993 ай бұрын
The Japanese people are great but I don't believe slobbing all over their corporations knobs is the answer. They had bailouts and cheated the system as well, before us in the 90s. It's why people in Japan have to work 12 hours a day. To dig themselves out of the hole their banks and corporations dug them into.
@thadtuiol17172 ай бұрын
@@Tascountrygirl It's people like you who betrayed the Aussie manufacturing industry. Traitor.
@Centre142 ай бұрын
plaza accord fucked us over
@maxrebo84553 ай бұрын
Foreign tourists may be having a blast, but when Japan imports 60% of its food, all of its fuel ect it’s devastating for the locals.
@arcticredpanda45983 ай бұрын
I'm a poker player in Los Angeles and recently I noticed many Japanese people in the poker room. I talked to some of them. They live in share house and are remote workers in Japan. They stay for 3 months to play poker and then go back. They do say everything is expensive in LA but it is easy to make money and save it. They say they can make one month salary in just a few days.
@transforgoku2 ай бұрын
Interesting, would be nice to live that lifestyle for a while...
@hansolo82253 ай бұрын
Hawaii has many Japanese immigrants who own property here. Lately many of them have sold their property and moved back to Japan with the favorable dollar to yen.
@sirmon31753 ай бұрын
Good idea short term but not so much long term lol
@hansolo82253 ай бұрын
@@sirmon3175 Japan needs to increase its population, bringing back overseas Japanese citizens will help.
@skoog56003 ай бұрын
It’s going to get a lot worse and not just here in Japan. Best to hunker down and curtail your spending.
@askjapan96693 ай бұрын
True, thanks
@mariuscash21443 ай бұрын
Just back from Japan.. it is true that things are incredibly cheap there...
@gaalxystar18732 ай бұрын
Don't let you guard down. It true it's cheap but they are willing to charge non Japanese people even more
@mariuscash21442 ай бұрын
@@gaalxystar1873 I don't believe u..Japanese people are not racists as Americans
@leegameruk2 ай бұрын
Im late 40s and stopped going out many years back when my kids were born and I didn’t ever feel lonely back then, as they got older and started to move out and started their own lives it hit me like a sledgehammer and bam, lonely feelings. Now I look back and I’m glad I spent those Friday nights and Saturday nights in with them as work during those times was brutal. I do wish I worked less but I feel we did good raising 2 kids who will do great things and are amongst the first in both sides of the family to go to university. Your videos have really touched me and as now I have more time on my hands have inspired me to start streaming the games we play, as all of us are gamers at heart. I dug out my ps2 and ps1 games yesterday and had a blast so thank you for making me feel less alone since I found your channel.
@anewcreature73 ай бұрын
Wow your subscribers amount doubled! Congratulations 👍🏽
@workforyouraims3 ай бұрын
I used to live in Japan. Yen devaluation makes me sometimes think if it is the right choice. But I really have to come back. There is not any better place on this planet than Japan.
@DF-ss5ep3 ай бұрын
What do you like about it?
@transforgoku2 ай бұрын
Just earn money in a different currency like the dollar or euro and you'll be fine...
@Teutoburg093 ай бұрын
We're getting poorer in the US, as well, but for different reason. Our prices have recently risen so much, we can't afford to eat out anymore, or go on road trips within our own country. Our grocery bill has nearly doubled in only a few years. Middle class families can no longer afford houses. Our incomes are still rising, but not fast enough.
@atg22692 ай бұрын
only minimum wage rise. middle class incomes are just staying the same
@feldspar2303 ай бұрын
Your frank and candid assessment of local concerns and opinions makes for compelling viewing. We appreciate your unvarnished views and observations. Awesome stuff.
@GK-up6xz3 ай бұрын
As you describe it’s a crazy situation but we shouldn’t forget that tourists are happy for the few days they are in Japan, but as in my case, I return to an Australia where a can of cola may cost $5 and no young person has the chance to ever buy a house…. Who is actually poor?
@shrunkensimon3 ай бұрын
We're all poor, that's the tragedy. Nobody wins in this global competition, except those who own the corporations and banks, because they are able to move assets around the world and dodge taxation.
@poil83513 ай бұрын
@shrunkensimon well everyone but a very select group are obscenely rich and flaunt it.
@kay-no3 ай бұрын
Everyone is poor, point blank, except for the select few though. The local and national economy of Australia and Japan are incomparable anyways. By your logic, where do the local people go then?
@GK-up6xz3 ай бұрын
@@kay-no After living in Japan for 35 years I seem to have found a few places.
@kay-no3 ай бұрын
@@GK-up6xzyou’ve lived in Japan 35 years, and you’re asking “who is actually poor?” Make it make sense please. Japanese middle class citizens are struggling to make ends meet, just as, I imagine, they are in Australia. I am confused on your original take. Did you mean that the bright side is foreigners can have a grand time while citizens are unable to afford things?
@findtherightbeat3 ай бұрын
Thanks for sharing your thoughts on midlife in your prior video. I just subscribed a few days ago. It seems I'm not alone in my habit of going out only once every two months and finding enjoyment in something as simple as drinking soda. It's a cheap thrill that I truly appreciate.
@ANDIBO9873 ай бұрын
When I studied in Japan 10 years ago it was the opposite. With my euros everything was painfully expensive in Japan.
@stevelanghorn14073 ай бұрын
Here in England, many people have a great deal of admiration and respect for Japan, your people, history, culture and beautiful country. Select, wealthy people here are prepared to pay a ridiculous fortune for “fashionable” Japanese clothes…even “work wear” that garbage truck drivers wear on your streets. That would be “fashion” here! And Japanese hot-forged garden tools is another trendy thing here now. So it’s not all bad news. A lot of highly discerning people love Japanese stuff. The quality. The precision. The love and skill that goes into making them.
@StevenKeery3 ай бұрын
StevenLanghorn: What clothing brand is this you speak of?
@stevelanghorn14073 ай бұрын
@@StevenKeery Kyoto work jackets. Niwaki Kojima jackets etc.etc..
@sweetaznspice1Ай бұрын
Very true, the Japanese have always excelled in manufacturing/hardware but they are way behind in terms of software and emerging tech. I recall in my youth all the Japanese made goods (walkmans, tv/radio, gaming, cars).
@afroninjadeluxe3 ай бұрын
Weak Yen means more export! Everyone respects Japanese quality goods.
@StevenKeery3 ай бұрын
Afroninjadeluxe. Fuji Camera Company have moved production of their X100Vi cameras to China. I suspect Chinese wages were the deciding factor.
@sflxn3 ай бұрын
Export what? Their industries have stagnated for 2 decades. Name one TV brand outside of Sony that is still selling outside of Japan. It takes decades of weak Yen to strengthen their companies again, but there are no young people left to work, so...
@yunzhu48153 ай бұрын
I laughed at this 😂 Japanese brand doesn’t mean they are manufactured in Japan😂
@aphrodite71943 ай бұрын
Outsourcing is everywhere.
@mattraschke28893 ай бұрын
Sir - I thank you for your channel, your perspective and for regularly sharing unvarnished content. Keep up the great work and I wsh you success.
@askjapan96693 ай бұрын
Wow, thanks
@djskampy3 ай бұрын
Just discovered your channel a few days ago and immediately subscribed. Thank you for your clear and comprehensive views on Japanese society!
@TheTungdil23 ай бұрын
This is a reality in the US for the average person as well. Issues with the Yen aside, we have cases where the cost of everything has gone up. Value of currency doesn’t matter if everything else goes up with it. I hope all of us can pull out of this sane on the other side. Good luck to you my brother. I’ll keep following you sir.
@1jackal13 ай бұрын
Your videos are so relaxing to listen to. And despite the sometimes serious content, they are positive.
@TDK2K3 ай бұрын
I really feel bad for the average Japanese seeing their wealth fade away. Going forward what's the point of even working when the yen becomes 160...165.... 170 to the US dollar. That's how I would feel if I were in that position or figure out a way to leave the country. Growing up in the 80s and seeing how wealthy and unstoppable japan used to be it's unbelievable to me to see japan in the state it's in. Good luck to you.
@-RoyBatty-893 ай бұрын
Well as long as domestic inflation doesn't rise too much and they continue to make the vast majority of their own products and food, they will be fine. Of course it's imports and luxuries like travel which take the hit.
@donii70923 ай бұрын
Even more incentive to move overseas. More to those Japanese who take advantage of that.
@TDK2K3 ай бұрын
@@-RoyBatty-89 Japan is resource poor, they are one of the biggest global importers of oil and oil by-products. they import a lot of their food and machinery also. very weak yen affects all Japanese. Long term weak yen affects the entire world.
@twnb77333 ай бұрын
Life is a cycle: up and down. We learn the humility. Bless God that the poverty exists, to make us think!
@GMDMD3 ай бұрын
BTC is the only answer
@btlim43163 ай бұрын
Not able to vacation in Europe is not a big deal. There are lots of beautiful places in Asia like China. China is huge with diverse climate and spectacular landscape and it's a shame it's not listed in one of the more popular places for Japanese to visit. I suggest it as it is likely very affordable for Japanese to visit it.
@foozao3 ай бұрын
Japanese passports need a visa to go to China, which is why it's probably not higher on the list of places Japanese travel to.
@anchored5553 ай бұрын
I think Japanese generally dislike China.
@jacqueslee25922 ай бұрын
Due to politics and history, Japanese do not travel China.
@tommytran59622 ай бұрын
Thank you for making these videos sir! Keep doing what you're doing! Subscribed!
@geishasha3 ай бұрын
I lived in Tokyo in the 1990's and it was wonderful. I'm scared to go back........
@CM-cy3qo3 ай бұрын
its still amazing but you need to consider the economy/work options.
@akbarmalik80643 ай бұрын
It’s true with the current exchange rates. But within Japan itself, the living cost situation isn’t as bad as many other places
@laupewoh3 ай бұрын
I just came back from Japan - I cannot believe that Japan is now cheaper than Thailand for food and public transport. Hotel Accommodation is on par … I have travelled back and forth and worked in Japan on and off for 25 years and this is the cheapest I have seen it. Good post…
@Anomalyy666Ай бұрын
Thailand isn't cheap anymore. Philippines Indonesia are.
@user-wx9og3rm9k3 ай бұрын
Thank you, friend
@askjapan96693 ай бұрын
Thanks for your comment
@JegErN0rsk3 ай бұрын
Its easy to get fixed up conversion rates.. Japan is one of the best countries in the world when it comes to living standards, health, food quality and so much more. Your nature is beautiful and diverse. To me thats more important than anything Travelling abroad is overrated. I've been a lot of places. There are very few places Id willingly go back to. Now all the places I want to see are in my own country, Italy or Japan
@rc3398x3 ай бұрын
This is true in the US as well
@koma77783 ай бұрын
Taxes are too high all across the world. Taxes didn't use to be high like this. Historically high taxes
@Centre142 ай бұрын
aging population and pension system =
@taipangwong3563 ай бұрын
We all are going through similar turbulence, my two cents is to hang on in there and never let negative thoughts overtake you. Live one day at a time, when tomorrow comes then yesterday was just another day.
@LINJ6383 ай бұрын
Well you are sitting duck anyway.
@poil83513 ай бұрын
Most of the world is unfortunately getting poorer. Australia food costs are getting ridiculously expensive and housing is insane.
@thadtuiol17172 ай бұрын
The Lucky Country my arse
@williamlee357214 күн бұрын
I'm an American who visited Japan on a week long vacation this month. I found once you got out of the busy train stations and scramble crossings the country is very quaint, quiet, and pleasant. Anyways, whilst I had been doing my brief trek around Japan it unsettled me how so many other Westerners (North American and European alike) were boasting about how cheap everything was in Japan. So many Westerners do not understand that it's no longer 100¥=$1 or 1€ or 1£, and the fact that wages have only marginally increased since the early 90s. I completely understand the disgruntlement of regular working Japanese today, if one's salary was that of $30,000 a year with the current prices of everything at a Japanese Supermarket I would be outraged. I would have probably have a panic attack. Thank you for the video.
@freddo933 ай бұрын
Thanks. I am from France and believe me, our economic situation is far worse. The French national debt is enormous, and most is own by foreign interests... Which is not the case for Japan. Take care
@geertstroy3 ай бұрын
I think you dont understand economics. but alas....
@romulodelmendo83612 ай бұрын
Like many Japanese people I've met, I noticed from your videos that you explain all your points by sharing concise written notes. It's very easy to understand when the presenter does this, and I'm sure it helps you drive the points across. Thank you.
@Erik_0013 ай бұрын
Thank you. Enjoyed the video.
@PGFFFFFFFFFFFАй бұрын
this is such an enjoyable ASMR, a side of what you are explaining -which is quite concerning-. Hope current situations gets better sooner than expected, many people we do love japan and its people. Best regards
@Ar41e3 ай бұрын
真面目なコンテンツに感謝いたします。引き続きなさいますようにお願いいたします。
@askjapan96693 ай бұрын
Thanks for your comment
@markfish11133 ай бұрын
its true man, i went to Japan last month to catch the Cherry Blossoms, things are so cheap. Even the Japan rail pass for Shinkansen going up by 70% in prices is cheap. Japanese service and products are extremely high level and disciplined so i think you will not be poor. But its not so good to work in Japan now or live as a local due to the weakening Yen. 15 years ago Yen was strong, things were expensive for foreigners. But at current Yen rates, I would definitely visit Japan again. I had the Hitsumabushi at 3300 yen while my country will charge more than $30 for this dish. I hope the Japanese government looks after the people by more work-life balance and retirement safeguards.
@MAYTHEFORCEBEWITHYOU8883 ай бұрын
Your voice is so calm, soothing and relaxing. You should create another KZbin channel for ASMR. Which is people making videos speaking like you getting the relaxing feeling by there voices. You should definitely do it for your Japanese audience and English listeners. I would subscribe right away! Great videos and keep em coming. 😊👍💎
@askjapan96693 ай бұрын
Thanks
@MAYTHEFORCEBEWITHYOU8883 ай бұрын
@@askjapan9669 Your welcome. Go for it 😎
@CreamPuffthePom3 ай бұрын
I really appreciate these serious discussions from your perspective. Please keep it up. Very interesting to hear
@askjapan96693 ай бұрын
Thanks
@RasheedKhan-he6xxАй бұрын
Japan's economy was built on exports but Japan simply isn't competitive any more. And I don't just mean in terms of prices, I mean in terms of innovation and marketing. Look at Samsung or Xiaomi, they are what used to be Sony or Hitachi. Japan is still present in the auto sector and in cameras but home appliances, musical instruments, watches, it's no longer a player. The weak yen might actually help Japanese exports become more competitive but if the problem is lack of innovation and poor marketing than lower prices alone will not help and Japan will slide down to becoming a tourism dependent third word economy.
@debbieg64492 ай бұрын
Thank you for sharing. Many blessings to you.
@AG-so4gl3 ай бұрын
My son goes to private university in Japan. Annual tuition fee is approx 8000 dollars. Its so reasonable!
@dannylo58753 ай бұрын
But what is quality like!?
@user-uj6ky9ut1b2 ай бұрын
I live in Shanghai and I've already travelled to hokkaido last year, the hotel prices are rising, plane tickets aren't cheap either, so travelling to Japan isn't cheaper than a few years ago, it actually feels more expensive now since there are so many travelers. Sure many goods in Japan are cheaper, but there are so many cheaper options in China, the Japanese items are still more expensive than Chinese alternatives. Even though many people from rich countries are buying brand goods from Japan, but as Chinese I still think I will not buy brand stuff just to save money and enjoy the trip.
@Californiansurfer3 ай бұрын
The United States values Money. I am Mexicano American which we are called Chicano .. People who live in Mexico are much happier because family and friends are more important than money. My white friends who go to Philippines , Vietnamese , thiallinad and bring back their wife’s. After two years, they want money. The poor guys get divorced. Americans value Money Must important.. Just being honest.. Frank 😅
@TheTungdil23 ай бұрын
That’s a very massive generalization of 350 million people lol. I’d say you’re right to some extent but there’s many people in USA who I have met that value family over money. Anyways best of luck to you on this journey of life.
@armorcore6662 ай бұрын
I live in Canada and all the foreingers here are the ones who buy nice houses and nice food, all of us born in Canada can't afford to go to mcdonalds or buy a home. Only the rich foreigners can afford to move to Canada.
@thethirdeye88933 ай бұрын
I eat noodles everyday and save a lot of money )) please keep up the great work, really like your content !!
@philho.youtube3 ай бұрын
This channel is much better than that abroadinjapan garbage.
@askjapan96693 ай бұрын
Thanks for your comment
@tyhan21593 ай бұрын
Thank you so much for making this video, I learned a lot from you❤
@SentMyOwnWay3 ай бұрын
The US is getting poorer for the most part as well. The rich are getting richer, of course, so the statistics are skewed.
@latte86803 ай бұрын
The US is poor because the sushi. This is the main reason and then we have the homeless🍙🍙
@buttsbrown24423 ай бұрын
Seems like even if median American is making more, things are costing more than that, it's not keeping up.
@happycakes19463 ай бұрын
@@nicolasgirard2808 is that measured in dollars? The cost of living has been increasing more than wage growth as far as I know.
@giomusah21553 ай бұрын
I had difficult times in the US, but found new friends in Bangkok, if only for a night....Sometimes u need to enjoy life to forget troubles
@nicolasgirard28083 ай бұрын
@@happycakes1946 it's in terms of net worth. From 2019 to 2023 the net worth of millennials gained 49%. Now, after inflation that's probably more like a 20 to 25% real gain, but still. People on average did gain wealth over the past few years, the issue is that it was the result of an unsustainable government deficit.
@josephyeo69662 ай бұрын
On the contrary, with the influx of tourist spending their dollars in Japan, soon your balance of payment will improve and the country and the Yen will recover. Tourism always bring in money, lots of money, but your Govt must deal with the unsavoury tourists. In other words target the big spenders and get rid of the rude trouble makers. As a foreigner, I can tell you that many people wants to visit Japan because the culture and the people are so polite and peaceful. You need to maintain that.
@askjapan96692 ай бұрын
wow, so wise
@privatethoughts37983 ай бұрын
A real content from a normal citizen in Japan. Very interesting !
@gzubeck33 ай бұрын
Yes, It looks bad if your traveling abroad but in reality your currency devaluation will really help your economy and to also export products made there. It's not all bleak only if you do a lot of traveling abroad. Part of it is also that the US has really high interest rates which is also part of the problem which makes it more attractive to have US deposits in US Banks. This wont last forever. Interest rates will drop by the end of the year which could help the yen out so that's on the horizon.
@Surfrz33 ай бұрын
Japan isn't poor because of its weak currency. It's just much more expensive to import and travel. Prices and wages within Japan are consistent unless for imported goods. The Yen was at 358.44 to the dollar at the beginning of 1971 and managed to recover. Japan can make huge profits from exports during this period. The tourism sector will also boom. Time to tide out the storm. It's a temporary phenomenon. Maybe try not to have the doom and gloom mindset. Appreciate your openness and honesty.
@formxshape3 ай бұрын
All currencies are backed by governmental mafia. They are a myth. They are all globally collapsing into the USA dollar, as they have the most powerful army/navy and the currency is the global currency… however the USA Dollar is collapsing into bitcoin. If you look at the bitcoin chart vs dollar, yes bitcoin gone has gone up a lot… or the dollar has gone down a lot, depends which side you stand on. Bitcoin is your life boat to escape your countries collapsing currency. That’s why governments are trying and failing to control or ban bitcoin… but there is no actual way to stop bitcoin or ‘turn it off’, it’s here, slowly absorbing value. Look at the national debt of Japan, China, USA, UK, EU… it’s horrific. All the central banks do is print more while moving interest rates up and down a bit. Move interest rates up and you can curb inflation but at the same time you make your national debt even harder to service, so then interest rates are cut… just a silly game avoiding the inevitable collapse. All fiat currencies have eventually become worthless through history.
@williamdavies119212 күн бұрын
The problem is that Japan has to import oil and raw materials and with a weak Yen anything they have to import like that will be very expensive for them. They are in a tough spot.
@danmac02 ай бұрын
Super interesting videos
@greendragonspirit16463 ай бұрын
The UK is also getting poorer and poorer , I think the world is going through a silent great depression.
@thadtuiol17172 ай бұрын
Unless you are standing in line at a soup kitchen for hours every day with holes in your clothes and shoes, then no, you are not going through a great depression.
@yellowbird54112 ай бұрын
@@thadtuiol1717 Not everyone ended up standing in a soup line in The Great Depression. Some had money, some had farms, some had fishing fleets and various businesses. Some were in the military, and the military takes care of itself. My mother's father was a Colonel in the army, and they lived "on post." She said they never felt the depression years. But, regardless, back then most of the very poorest had homes to live in - some were shacks. Few lived in tents, which has taken over America. The homeless situation wasn't as bad, I don't think. But yes, we have many who stand in line for free meals all over America. We have tens of thousands going to food banks which didn't exist in The Great Depression. Both scenarios meet the definition of a depression. When more and more people are hungry, homeless, without work and without money, it's dire. And many countries are having their own version of The Great Depression.
@ianthesiow30133 ай бұрын
TQ for sharing.
@askjapan96693 ай бұрын
Thanks for your comment
@stephenbarusso3 ай бұрын
I’m so glad I’ve found your channel. I am absolutely fascinated with the Japanese culture. I deployed to Japan in 2020 and spent 7 months in Okinawa and a base in Gotemba, Japan. Even back then I noticed how “cheap” everything was for us. I am starting to learn Japanese now and practice Iaido at a local dojo near me. I plan to hopefully visit again soon. I am sorry for what is happening within your country and I hope your KZbin channel takes off so you can start earning some money through your channel. Wishing you the best, Stephen Edit: JUST BOOKED MY FLIGHT TO JAPAN! I am very excited and will be visiting Kyoto.
@thadtuiol17172 ай бұрын
Your country is a major part of the problem.
@Psyql3 ай бұрын
動画をアップしてくれてありがとう。
@dwkchung3 ай бұрын
The Hong Kong dollar is one of the few currencies still pegged to the US$. Therefore the Yen will also be at a 34 year low against HK$. So my guess as to why Hong Kong is the fifth most popular destination for Japanese people must have something to do with the short travel time of 4.5 hours, therefore cheaper than going to other destinations.
@mjmf14303 ай бұрын
In Hong Kong there’s no import duty on many things, including designers’ items, unlike Japan. Also food and transport are generally inexpensive in Hong Kong compared to Japan.
@pamthepainter3 ай бұрын
Same with the USA The World is changing rapidly God Help Us All!
@askjapan96693 ай бұрын
One world. Same problem
@s7c8413 ай бұрын
I find this oddly relaxing. And interesting at the same time.
@askjapan96693 ай бұрын
thanks for your comment.
@gaalxystar18732 ай бұрын
Don't let your guard down. Japan is willing to create a tier 2 price system where tourists are going to get charged more than locals.
@oiausdlkasuldhflaksjdhoiausydo3 ай бұрын
Same in europe…
@thewildgoose74672 ай бұрын
It's simple, the Bank of Japan is Keynesian economics on steroids. They've kept interest rates at near zero or negative for twenty years or more by printing currency, which devalues the yen and increases the national debt. Now the government debt stands at $13.4 Trillion (300% of GDP) which is really the debt of the Japanese people, and works out at $107,000 fro every man, woman and child in Japan. When the yen/dollar exchange rate reached 160 they dumped US treasuries and bought yen to lower the ratio but it's rising again and they can't keep doing that for long, so it's either let the yen crash or increase interest rates and let the housing market crash.
@derjenichederscheissebaut59222 ай бұрын
The Problem in Japan is the Hierarchy System. Working 15 Hrs a day does not make more Innovative. People work like Robots.
@YaminoSeigi3 ай бұрын
Just found your insightful channel and subscribed to it! Could you show any insights on how Japan was like before 2008 GFC? Last year I went to Japan and things were not as wonderful it appeared back in early 2000s
@DaBinChe3 ай бұрын
This is normal Macro Economics Equilibrium of world economy. As more countries get more developed everything starts to equal out. Perfect example is the US in its economic height post WW2 cause every industrilized country was flatten only the US produced. Once others started to produce the US looses that production which was the 70's. Same has happened to Japan, where Japan's economic height was the 80's. Currently we are seeing this with China, their peak was the 2010's.
@jjjjjjjjooolllllllllll83953 ай бұрын
The Japanese stock market is performing great. So just saying it's not only bad news.
@jjjjjjjjooolllllllllll83953 ай бұрын
@nathanguergis No, it's not only inflation. It's rising expected earnings per share among publicly traded companies in Japan. Why has Warren Buffet been investing so much in Japan recently? Just inflation?
@jjjjjjjjooolllllllllll83953 ай бұрын
Investment pouring out of China into Japan is not just inflation and neither is the new semiconductor chip plant(s) that's planned to be built.
@sleepyz2z22 ай бұрын
Everywhere is getting poorer it seems. In the west, the price of practically everything has gone up exponentially over the last 5 years.
@initialdwu78212 ай бұрын
This is good, so I can travel to Japan on the cheap.
@budstep73612 ай бұрын
Thank you for sharing, America may face a similar problem... I watch a channel "Uneducated Economist" and he is constantly discussing the Cantillon effect, which is a type of money exchange thought-experiment that explains relative advantage of economies and their cyclical nature of ups and downs across very large time spans. In my opinion, government intervention and advantage taking of free markets caused this problem, and I don't know how to solve it without stopping the fake stimulus and letting it collapse back to increase the relative advantage
@askjapan96692 ай бұрын
thanks, very interesting indeed. I will check it out
@Lion_McLionhead24 күн бұрын
The fed is bent on weakening the dollar as fast as it can. Would bet on a stronger yen but fiat money is gone overall.
@silversurfer82373 ай бұрын
Most people are experiencing hard times. Saving money is a virtue becausing living beyond one's means will always lead to disaster at sometime in the future.
@Momo-qo7is3 ай бұрын
Not easy to promote child births. People prefer to follow the long-term outlooks than receiving short-term incentives. By the way, Japan is not a poor country but just in the stage of decline from being so powerful.
@SteveKarpali3 ай бұрын
No guitar at the end???
@oreowhity44403 ай бұрын
Yes I am totally agree with you life here in Japan is getting difficult. Salaries are not increasing and the common goods or foods are getting very expensive. Anyway I lived here in Japan for more than 24 years.
@askjapan96693 ай бұрын
Many Japanese people get sick
@il352152 ай бұрын
30 years of recession can’t improve Japanese situation, your country needs more workers and more jobs for add fuel to the economy, so only one solution is attracting more foreign specialists and direct more money to businesses growing.
@bailey3093 ай бұрын
I went to the UK for the first two weeks of March. I could only do that because I could stay with family. I had wanted to buy some UK size clothes while I was there but gave up because it was just too expensive. The only thing I bought was an L size Uniqlo shirt 😂 it’s a good fit but it cost me at least 50% extra than if I had bought the XL equivalent in Japan.
@keith489933 ай бұрын
Scandianvians travel to the UK to shop in thrift stores when they are on holliday. Here they find cool gems and real British atmoshere.
@hans17832 ай бұрын
It depends on wht market u are. Some will get shafted, and for some this has been the greatest decade for a long time.
@hacker4chan1803 ай бұрын
My cousin in the marine and one of my co workers keep telling me how cheap stuff is over there compared to the US and my co work told me it was so cheap he went to Japan twice in one year
@mariwa52863 ай бұрын
Obviously because they need the liberalism that made them grow in the 70-80s, Japan's government has become too interventionist to not let the old big companies die to provide 'stability' (more like stagnation). And workers stay in the same company for decades
@EIGOmanOkamoto2 ай бұрын
Keep it up. It is good to see and hear your perspective on what is happening. I live here in Japan and can see how things have been deteriorating. Unfortunately Japan's debt to GDP ratio is the highest in the world and the government seems oblivious to this issue and seems to have no good solutions. Some Japanese exporting companies will do well in this situation of weak Yen but importers will struggle and the prices will start to go up for everything. It is funny but If a person saves money in the USD, they can get 10% on 1 month time deposits (annual rate so 1/12 of that in a month). They can roll it over each month and if the Yen gets weaker, they can exchange back to Yen and get a big benefit. Is that what the rich are doing in Japan these days? I am sure some people are doing that. But as for the bigger picture, will Japan ever become a truly independent country? Will the education system ever change to teach young people to be skeptical and have their own opinions? These are topics you could also cover.
@lroberts33293 ай бұрын
Our cost of living is high in the UK but the good thing for us is when we travel our currency is stronger in most places. I dread to think what it’s like for people from lower currency countries. It makes everywhere so expensive for you.
@AlinasilviaAndrei3 ай бұрын
Domnule îți doresc multa sănătate că-i mai buna decât toate zice o vorbă românească și e mult adevăr în ea,restul sunt detalii
@askjapan96693 ай бұрын
True, thanks
@AlinasilviaAndrei3 ай бұрын
Scuze,am 56 de ani și sunt româncă,in privința sărăcirii ,e o chestie care se întâmplă în multe țări,in privința grijilor pentru viitorul în carieră,stai liniștit,consultate cu familia și o să găsiți solutii
@MustardSkaven3 ай бұрын
It's the same situation in my country in Europe, brother. The fact I feel lucky to have been able to buy a house seems wrong. Being able to buy a house should be affordable to any working man. It shouldn't depend on the economy allowing it at a specific time.
@chickenbroski993 ай бұрын
Japan faced their liquidity crisis before the US and responded the same way with bailouts and interest rate manipulation. It's a testament to the Japanese people that their hard work and discipline has kept their country afloat, but this is essentially why you have the 9AM-9PM culture in Japan. I believe they have to work this hard to pay for the debt and bailouts to their economy since the 90s. The west is going through the same thing now although I don't believe we have the same culture and will probably result in a revolution. I hope it is a global revolution and we can fix all of our economic systems. We need less governments, less spending and more austerity. We have been and are still paying for the debts we have accumulated. 2020 only made it worse.
@SakuraBurma3 ай бұрын
I just came back from Japan 2 weeks ago, I wouldn't say the average food/meal price in Japan was that cheap. Probably 10~20% cheaper, not more than that. From Australia.
@olegpristashkin90782 ай бұрын
there is no way for good life for middle class in any country. Only rich can live well.
@sonampenjor48463 ай бұрын
It’s good for the manufacturing and export companies
@askjapan96693 ай бұрын
Thanks for your comment. コメントありがとうございます。
@ssssaa23 ай бұрын
A large part of the reason for this is that interest rates are now higher in the US and other countries but in Japan they are still very low, so people want to move to those other currencies to get higher interest rates in their bonds and savings accounts. In the US it is easy to get 5+% interest rates now with government bonds or even just a savings account at a bank. The exchange rate actually was fine before that, even despite the economic stagnation in Japan. I think it will mostly go back if the interest rate gap reduces again. But I think the US is not going to cut rates in the immediate term. Another thing to note is that the Yen has gotten even weaker than it looks because the US has experienced higher inflation than Japan in the last several years by quite a bit, so wages in terms of USD have gone up a lot more than wages in Japan have in yen.
@TRAVELYIP3 ай бұрын
Wonder why Japanese never thought about fighting back against the US!
@askjapan96693 ай бұрын
thanks for your comment. コメントありがとうございます。
@ddhgerlb2 ай бұрын
While it is true that a country with few natural resources can thrive, it becomes extremely difficult when global trade slows or stops. How can a country thrive without global trade? What are the alternatives, and what would be your solution?