Comments by "Kenz300 x" (@KJSvitko) on "Is Japan's economy at a turning point? | DW Business" video.

  1. Japan has been slow to adopt renewable energy and all electric vehicles. A island nation that has little natural resources importing fossil fuels seems foolish and expensive. Entrenched interests are holding Japan back. They need to adopt new technology, renewable energy and all electric BEV vehicles. Nokia and Kodak were slow to adopt new technology. They lost their leadership positions. Japan needs to wake up and realize there is a climate crisis.
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  2. Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Japan is a high risk nation for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Insurance companies will raise rates and pass on the costs and risks to policy holders. Japan has nuclear power plants along the shore line. These will be at risk from extreme weather and rising sea levels.
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