„In letzter Zeit ist der Niedergang unseres Landes immer offensichtlicher geworden … Indien wird Japan bald beim BIP überholen. Es gibt Befürchtungen, dass mehr inländischer Reichtum ins Ausland fließen wird. Wir müssen alles tun, was wir können, um dies zu verhindern.“
https://president.jp/articles/-/110335?page=1
7 Kommentare
A small country that **depends on foreign resources** is utterly foolish to be xenophobic.
Hong Kong had ports and banks and not much else. And it got rich.
Japan’s domestic wealth that flows outwards is just because Japanese investors need to invest in businesses that make money. And they have the whole world to invest in. The government needs to invest in education in a major way if they want Japan to be home to innovation. And they need to be more friendly to foreign talent and foreign investment.
Making life more difficult for foreign residents is clearly the solution.
Well well well, if it isn’t the consequences of my own actions. 🙄
We need help and money from outside our country! But none from those filthy foreigners.
You ok Japan?
So work longer hours..? Even more unpaid overtime?
The government’s own policies cause significant wealth to flow overseas.
It’s well-known that large amount of NISA capital is invested overseas:
[https://www.asahi.com/ajw/articles/15397151](https://www.asahi.com/ajw/articles/15397151)
[https://www.japantimes.co.jp/business/2024/07/11/markets/new-nisa-weak-yen/](https://www.japantimes.co.jp/business/2024/07/11/markets/new-nisa-weak-yen/)
The capital outflow causes the yen to lose value, compared to currencies such as the USD.
Also, the government cut the corporate tax rate but, instead of investing that money in their employees, quite a few large companies ended up sitting on massive nest eggs, and are now investing that money overseas instead of Japan. For example, NTT has multiple subsidiaries that invest in office buildings and data centres overseas, including Australia.
It is interesting to see Japan is getting away from „innovation“ more and more. Nobody would have imaged this. Driverless cars and EVs are being dominated by China, not Japan? Japan is begging Taiwan to build ip semiconductor factories and try to spy the technology? Who expected this