11-05-2010, 06:21 AM
Still MMM the economic outlook for Japan is hardly rosy is it? Few natural resources to export. Like most other 1st world countries struggling to compete in most areas of manufacturing against developing nations. And not competing in the services industry because of the language issues. Primary production is terribly inefficient and only survives through massive subsidies and protectionism. An almost inconceivable national debt that appears to only be getting worse. The biggest issues of an aging and declining population being faced by any modern nation. All the money made during the boom times is slowly running out which is not exactly stimulating domestic spending. Most peoples wages have been decresing for years and years. Lifetime employment in no longer a guarantee. More and more towns are dying out. More and more businesses are closing down. I love living here but it's definitely not boom times in Japan (and hasn't been for a very long time now) and I don't see anything propsed in the future that is likely to turn this around.
Sure it may not have as many corruption and quality issues faced by those doing business in China but the world hardly appears to be knocking down the doors to try and do business here. And if they are they often find the door is pretty hard to crack.
Last edited by GoNative : 11-05-2010 at 06:56 AM.
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