Japan economics thread.

luminary

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Japan is scrambling for solutions for increasing its labor force, but does anyone here actually believe the amount of migrant workers or its society will ever reach a point where the nation could be called "multicultural"?
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The number of foreigners working in Japan has reached a new high of almost 1.7 million in 2019. After years of slow growth in the number of foreign workers admitted into the country, Japan has increased its efforts to attract them in the past couple of years.
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the Japanese government is feeling the need to bring in talent from abroad.

Immigrants, mainly from developing Asian countries, but also from the West, are now coming to Japan in larger numbers. Since 2014, the number of foreigners working in Japan has more than doubled,
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(link in Japanese). The Japanese government revised immigration and refugee recognition laws in early 2019 with the aim of accepting an additional 340,000 workers to the country. Some special provisions were also taken to attract nurses, restaurant workers and laborers. In December of 2019, Prime Minister Shinzo Abe und his cabinet had already adopted measures to foster the coexistence of Japanese and foreign nationals that came at a price tag of US$55.3 million.

In the light of all this, it appears the country is indeed serious about a more multicultural future. Still, this new vision of Japanese society might be a hard sell: The measures adopted have drawn some controversy and have even led to kerfuffles during parliamentary debates. Right-wing politicians slammed the reform saying it would bring in crime and destroy the homogenous Japanese society.
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FairAndUnbiased

Brigadier
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Japan is scrambling for solutions for increasing its labor force, but does anyone here actually believe the amount of migrant workers or its society will ever reach a point where the nation could be called "multicultural"?
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View attachment 106843
Japan will never let a large number of foreigners settle in Japan. There's no historical precedent for that nor the ideological support.
 

Helius

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Japan is scrambling for solutions for increasing its labor force, but does anyone here actually believe the amount of migrant workers or its society will ever reach a point where the nation could be called "multicultural"?
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View attachment 106843
They can call themselves 'multicultural' all they like. It's just a word.

Hong Kong has been 'multicultural' since forever, yet the city's demographics still comprise over 90% ethnic Chinese -

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HK Demo.jpg
 

luminary

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Japan will never let a large number of foreigners settle in Japan. There's no historical precedent for that nor the ideological support.
I think it's possible they might end up like Qatar, where there's a huge population of "nonpermanent resident foreigners" imported to do menial work but without rights and kept firmly separate from the citizens. Maybe Japan will have a version of the Singaporean live-in maids
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, except instead of taking care of children, they'll be taking care of Japan's decrepit and elderly.

That'll require their economy not to collapse though:
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FairAndUnbiased

Brigadier
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I think it's possible they might end up like Qatar, where there's a huge population of "nonpermanent resident foreigners" imported to do menial work but without rights and kept firmly separate from the citizens. Maybe Japan will have a version of the Singaporean live-in maids
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, except instead of taking care of children, they'll be taking care of Japan's decrepit and elderly.

That'll require their economy not to collapse though:
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Japan has to actually be rich to do that.

Median Japanese youth salary in 2017: 30k USD.

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They must pay foreigners less otherwise they'd just hire locals. Ratio is what, 1/3-1/4 of GDP per capita? So they'll pay 8k-10k USD equivalent?

Who'd go for that?
 

Eventine

Junior Member
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As Japan getting poorer and poorer and older and older, its government is mainly focusing on increasing its defense budget and raising taxes. No wonder Japan has no future and hope. Without the so called Japan worshipers, Japan descent would be much quicker and faster. But if Japan auto industry can't compete in EV sector, then I foresee in the not distant future Japan would be much poorer and could be the first Asian nation to go from advance nation status to mid-higher income status.
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Japan is simply a preview of what will happen to South Korea, and eventually, to China, though. Demographics is destiny; all the automation in the world didn't save Japan.

Cultures that do not invest in having more young can be called "death cultures." The modern Western culture is a "death culture," and that can be seen in its increasingly self-destructive tendencies.
 

KYli

Brigadier
Japan is simply a preview of what will happen to South Korea, and eventually, to China, though. Demographics is destiny; all the automation in the world didn't save Japan.

Cultures that do not invest in having more young can be called "death cultures." The modern Western culture is a "death culture," and that can be seen in its increasingly self-destructive tendencies.
To some extent, it might be the case. But at the same time, just look at Nigeria and Egypt and a few other countries, I don't see them have a much of a future either. Overpopulation, hunger, no jobs and no future. For example, India has hundred millions of youngsters without a proper job and average food consumption is lower than many African countries. Simply having more children without proper education might be much more detrimental to a nation than having a fewer children.

So I see cultures that don't take into account of the right balance of population growth and development have no future. It is not one extreme to another extreme. It is the right balance that is the key.
 

BlackWindMnt

Captain
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Japan has to actually be rich to do that.

Median Japanese youth salary in 2017: 30k USD.

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They must pay foreigners less otherwise they'd just hire locals. Ratio is what, 1/3-1/4 of GDP per capita? So they'll pay 8k-10k USD equivalent?

Who'd go for that?
Thats like 700~800 USD then you most likely also need to pay for rent etc.
Why even bother as someone in ASEAN nation, you probably need to start recruiting in south Asia or something like that to find people willing to move.
 

henrik

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Japan has to actually be rich to do that.

Median Japanese youth salary in 2017: 30k USD.

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They must pay foreigners less otherwise they'd just hire locals. Ratio is what, 1/3-1/4 of GDP per capita? So they'll pay 8k-10k USD equivalent?

Who'd go for that?

As Japan's automobile industry is getting displaced by Chinese competition, how are they going to afford? Their chip related industry is also shrinking due to US coercion against China.
 
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