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JX
VisualPolitik EN
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Comments by "JX" (@J_X999) on "Why (Almost) Nobody Invests in Japan - VisualPolitik EN" video.
Many people will just blame demographics for Japanese poor performance on their economy. In reality, Japanese demographics would be less of a problem if they managed to raise productivity. As of now, the Japanese are the least productive, behind the US and Canada, France, Germany etc. This has just made the demographics worse. Many people still believe Japan uses loads of robots and etc, at the moment, china is the one leading with the most industrial robots, although they have a low robot density per worker.
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@liamr194 Automation and AI, immigration, education. The three thorns in the demographic side. Individual Japanese workers are not productive. That coupled with their demographics is the reason why their long term slump is still here. They should also increase the quantity and quality of elderly pensions and social services. The "silver economy" has just started to come round in China. they've released a private pensions system and increased the amount of goods and services for the elderly. This means despite a decline in population, their elderly will be socially secure and pensions allow them to have considerable spending power. This is already happening in America.
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@liamr194 Peter Zeihan is completely overrated in my opinion. It's always demographics and energy. He says that china's population started shrinking in 2003. But from 2003 to 2015, china posted world beating, breathtaking growth. So according to him, china had a shrinking population and high growth. Completely defeats his point. I know Chinese data isn't reliable but they can't lie their way into becoming the 2nd biggest economy since 2003. Remember, they overtook Japan in 2010
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@liamr194 The housing market situation is very interesting. China's own three red line policies started the crash, and it seems like the government knows how unsustainable their growth model is. Similar to Japan in the 1990s, but china's came quicker and the changing of the market seems to be one of china's biggest priorities. If they succeed, the transition to an old population won't be that bad. It all depends on whether China can divert growth to domestic consumption. China's elderly will have an increasing share of china's consumer spending. Failure to utilise this spells disaster?? Japan failed the switch. Time will tell if China can.
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India is filled with hype and red tape.
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@Pepe-dq2ib You don't actually know what you are talking about do you. Saying "they've already failed" is wrong. Like I said, unlike Japan in the 1990s, china implemented their own policies which made Evergrande collapse. You don't know anything about the Chinese economy other than the crap that you've come up with yourself and called reality. PS, Japan doesn't have the fastest construction and if you think that is what economic productivity is, you should do some more research or get back to school like the other children your age
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@Diatom1k Hello to you to Adam 😂😂
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@Homer-OJ-Simpson Yes, demographics have caused stagnation, but Japanese workers are not as productive as the average US worker. Not even close. This must makes the whole problem worse
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@Homer-OJ-Simpson Yes, but one thing no one seems to understand is that the reason for japan's slowdown in 1989 was the housing bubble crash. Demographics have certainly played a part, however the structural issues that caused the sudden decline in growth are still in place today.
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@Homer-OJ-Simpson Yep, and individual worker productivity did not increase, meaning wages didn't either, making their only option unavailable
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@Homer-OJ-Simpson Which is why the demographic crisis is having an effect
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@Homer-OJ-Simpson In the case of China, productivity is very low, which gives it a lot of room to improve. I don't disagree with the effects of demographics but they are definitely not destiny in the 21st century
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