Comments by "thomas grabkowski" (@thomasgrabkowski8283) on "Why Japan's Shrinking Economy Is Stuck in the ‘90s | WSJ" video.

  1. Furthermore, when the amount of old people vastly outnumber young people, which is the case in Japan, meaning their outdated ideas and practices win out over younger generation
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  2. Generally from China’s Belt and Road project. China was first country to adopt digital payments(Alipay and Wechat pay) and Chinese companies helped many developing countries that signed up transition straight from cash to digital, and is way for China to mark their global influence
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  3. Probably due to population age structure. Japan’s insistence on old technology largely stems from their population being so old and the old people refusing to adopt to new technologies
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  4. More like from their rapidly shrinking labor force caused by their rapidly aging population
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  5. Not surprised given how old Japan’s population is and old people are the ones that are fiercely traditional in their way of doing things(they want to keep doing what they’re used to doing back when they’re young)
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  6. But due to lack of immigration, their population is falling fast. Japan is well known internationally for their demographic problems and rapid population aging and decline
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  7.  @missplainjane3905  They’re trying but they can’t
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  8. Commonality is Japan and Germany have some of the world’s oldest populations. In those countries, old people vastly outnumber young people and old people insist on their outdated ideas and practices, and due to their larger numbers, they end up winning out, and as a result, those countries are stuck in time, insisting on a lot of technology and practices that the old people today used back when they’re young. It’s a lesson of how your country will end up if there is a lack of young people
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  9. Thing is Japan doesn’t have unemployment, in fact they have opposite problem-rapidly shrinking labor force due to their rapidly aging population and are running out of workers
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  10. Stubbornly stuck in their old ways thanks to how old their population is
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  11. At least USA and western world’s economy is growing and their demographics aren’t falling off a cliff like Japan
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  12. It probably has to stem from the fact that Japan and Germany have some of the world’s oldest populations. As old people in those countries heavily outnumber young people, their way is still the main way of doing things
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