“Recently, the decline of our country has become increasingly evident…India will soon surpass Japan in GDP. There are concerns more domestic wealth will flow overseas. We must do everything we can to stop this from happening”
https://president.jp/articles/-/110335?page=1
29 Comments
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
Índia é o segundo maior produtor de alimentos do planeta, setor agrícola crescendo e impulsiona o PIB
Well, thanks LDP and everyone who voted for them
It’s all but expected for India to have higher GDP than Japan, now or near future, with how much people they have and their economic development.
Expecting Japan’s GDP to always top India with right policy is so arrogant
And once again, hiking rates would be the answer. 3-4% and you have so much capital back, the yen would also get stronger, import cheaper.. But no, let’s increase the debt even further! So that rising the rate becomes incredibly complicated. I’m just tired of how incompetent LDP is. First Abe, now his cosplayer on steroids. Ofc people will keep selling yen and invest into foreign stocks. The government encourages it! And why wouldn’t they, when they themselves are deep into foreign stock market. “Japan? F*CK Japan! I’m 70yo! I want my house to cost more and stocks I bought in 1999 to soar! Young people? Who cares, I’ll be dead lol, gonna go lie something to get votes from the TikTok generation. ” (C) A certain person from the government
India was always gonna surpass japan.
India has largest area under cultivation, its tropical so they do double cropping. They are literally extracting money out of their soil
Not to mention that they have enormous amount of mineral wealth in terms of coal, iron ore, hydro, bauxite, mica etc.
India has very large consumption market as well.
So india doesn’t need to compete with the rest of the world.
Japan on the other hand needs to import everything and export high value products. Problem with that is there is no reason, why other countries can’t do it.
This is such a dumb take. Japanese corporations always invested much of their profits outside the country, which actually makes sense for a country that has such low a productivity and already shrinking population. This is not a new phenomenon, it was there even in the 80s and companies kept doing it. Japan has a lot of money inside the country, too, they just keep it under the mattress, both individuals and companies. Be more productive than capital will find its way.
Too little too late
The word is inevitable not evident.
“We’ve done nothing and are all out of ideas”
And this is why GDP is a terrible measure of success.
Japan is WAY ahead of india in terms of standard of living, happiness, equality, safety, etc. It’s not even close.
Japan’s real problem is that it missed the timing. Now it’s probably too late.
GDP says nothing about quality of life or affordability. Our focus on GDP growth eroded the real richness and quality of life we had enjoyed for millennia.
The decline is at our spiritual level as a nation and our needless focus on materialistic neediness. Comparing GDP with India is useless and we must NOT do anything to speed up our demise.
Maybe they should keep making it more difficult for foreigners like me.
It’s just not worth it to invest in Japan generally because how hard it is to get things done here.. For big corporates or your average business owners. And plus earning yen nowadays is basically equivalent to losing money.
This is happening at my school.
M
The schools wants us to get PhDs.
If they drop below 60% PhDs they lose government funding.
Our department is on a special contract. And we get zero raise at all for a PhD. They told us to get PhDs. We asked why should we if don’t get any raise at all. They said we were welcome to change jobs.
They won’t lift a finger to help themselves.
What a way to ruin a former global economic superpower, being xenophobic all while relying on overseas trading
This country is so cooked 🤦🏻♂️
Tbf, India’s gross GDP may surpass Japan’s but their per capita GDP income still pales in comparison which means Japan is still more productive.
But Japan falling behind Germany and California is more worrisome.
it’s over for Japan unfortunately, your government has ruined it permanently.
Japan will not only go down in GDP but also in population growth. And making stupid changes on immigration laws won’t change a thing. Japan you are ruining yourself to the point where Japanese people will leave the country by themselves.
India has already surpassed Japan in terms of GDP, quickly but it has.
More than a billion people just now being able to overtake a nation of only 100 million + people? It says more about India than japan, on top of that India’s gdp per capita is comparable to sub Saharan african countries
Don’t the Japanese hold the largest amount of US bonds?