Comments by "007 JMK" (@fujigoko007) on "Can China learn lessons from Japan’s ‘lost 30 years’?" video.

  1. We Japanese have been trying to catch up with the West for 150 years, but we are still aware that we have not reached the top. No matter how bad America is, we must learn from it. When China began to oppose the United States in the South China Sea, many Japanese intellectuals thought, ``Maybe it's still too early.'' I think that was a correct assessment.
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  2. It is not accurate to say that the Plaza Accord killed the Japanese economy. Wages and fixed costs have been revalued. This weakened the international competitiveness of Japanese companies. Then, Japan was unfairly restricted in various ways, and as South Korea and China were given preferential treatment, Japan's export industries were reduced one after another. On the other hand, for domestic demand, investments for disaster prevention and the aging population were covered by government bonds. As a result, it has become possible to withstand disasters caused by global warming and socially support the deaths of 1.5 million people a year.
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  3. Humans are happiest when each person earns between $15,000 and $20,000 (2000 AD).
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  4. What is important for China today is its market and balance sheet, not its GDP.
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  5.  @kimchiba4570  Koreans have abandoned Chinese characters, so after the Japanese colonial era disappears, Koreans will have no choice but to decline. It has become impossible to inherit Korean academics and industrial technology in the native language, and perhaps even today, even among the Koreans, there is no communication involving advanced concepts.
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  6. Even in a socialist country, markets and balance sheets must be placed at the heart of the economy. Japan has been in the era of private cars for half a century since the late 1960s. Japanese people now drive boxy light cars. People in China and South Korea drive Benz and BMW. The Chinese and Koreans ridiculed the poverty of the Japanese people. Japanese people are suspicious of the economic irrationality of Chinese and Korean people.
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  7. We will be a country with a population of around 80 million, so strategic thinking doesn't matter.
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  8. Nothing will happen. The death toll is less than 1/100 million times lower than that of the COVID-19 virus.
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  9. It means defeating linguistic imperialism. Describe everything in this world in Chinese language. Otherwise, China will be forever subordinate to the West.
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