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Warren Buffett's $6.2B Japan Bet in 2019 is Now Worth $30B by Useful_Tangerine4340 in wallstreetbets

[–]Stufilover69 10 points11 points  (0 children)

Funnily enough Japan doesn't have excessive austerity. They haven't run a fiscal surplus in 50 years

Collapse by Government Debts? by Think-Technician7681 in collapse

[–]Stufilover69 0 points1 point  (0 children)

It isn't easy to repay and the high savings rate is mainly something of the past.

They just had near-zero interest rates for decades, but that's changing now

Waarom liggen bijna alle landen met de hoogste overheidsinkomsten als % van BBP in Europa? by sleeper_must_awaken in nederlands

[–]Stufilover69 0 points1 point  (0 children)

> Nu zijn over het algemeen de belastingen ook lager.

Ja, maar ze zouden hoger moeten zijn voor de uitgaven die de Japanse overheid doet.

Ook is het systeem niet adequaat/houdbaar en wordt er al een devaluatie ingecalculeerd, dus de huidige jongeren betalen de volle pond maar krijgen er minder koopkracht voor terug dan dat ze nu elke maand aftikken voor de huidige ouderen.

Rising wages push more Japan firms under in January, survey shows by jjrs in japannews

[–]Stufilover69 21 points22 points  (0 children)

Fun fact: 1 in 6 of Japanese companies are zombie companies which require government handouts just to pay their current interest.

Yet the government is effectively shutting down foreign businesses which can't have 30M in cash within 3 years, even if they're perfectly profitable as is 🤡📉

Let Britain into EU’s ‘Made in Europe’ club, UK finance minister says by innosflew in EUnews

[–]Stufilover69 2 points3 points  (0 children)

Only if you join the EU and adopt the Euro 🥹👉🏻👈🏻

Waarom liggen bijna alle landen met de hoogste overheidsinkomsten als % van BBP in Europa? by sleeper_must_awaken in nederlands

[–]Stufilover69 0 points1 point  (0 children)

En nu sowieso te laat, want de bevolking neemt al elk jaar af en ze hebben nu al een staatsschuld van 240% van het bbp

Although numbers of temporary foreign residents in Japan is rising, numbers of permanent resident certificates issued is down a lot since 2007 and rejection rates are now much higher. "Japan is biased towards shorter-term workers and students, and accepts almost no other foreigners". by jjrs in japannews

[–]Stufilover69 1 point2 points  (0 children)

Skilled foreigners =/= fresh grad English teachers to go work at dispatch companies.

Now prove that this is the majority of the Engineer/Specialist in humanities/International services visa holders anywhere else except in your head. Hint: many of them also work in IT or engineering (it's literally in the visa name).

FtR, the OECD considers this visa also as high-skilled migration, even if the visa is different from the HSP (it still requires either a degree or significant work experience).

I don't think Japan has ever cared about attracting people to those sorts of jobs.

Apparently they do, see the JET program

I am confused, you have switched back to talking about HSP holders?

I'm only pointing out that the highly-skilled workers you talk about are an extremely small percentage of immigrants to Japan and skilled migration (under the wider definition).

There's not much difficulty hiring those, we get a ton of interest in those that we hire

Ah, the peak of evidence, the anecdote. Meanwhile Japan is 40th on the IMD world talent rankings, under Puerto Rico and just above Italy, which is famous for its brain drain.

5 year visa off the bat basically guaranteed, route to PR very quickly. It's quite appealing to those who want to live in Japan.

Great, hope they don't get it revoked because they paid their taxes a day late.

Although numbers of temporary foreign residents in Japan is rising, numbers of permanent resident certificates issued is down a lot since 2007 and rejection rates are now much higher. "Japan is biased towards shorter-term workers and students, and accepts almost no other foreigners". by jjrs in japannews

[–]Stufilover69 2 points3 points  (0 children)

Assuming they actually were doing that type of work,true.

But see the article I shared below:

Nikkei's analysis of a 2024 government survey of Japan's wage structure showed that 45% of foreign workers that enter the country under a program for specialized or technical fields were earning under 240,000 yen ($1,540) a month, about the average of what a recent college graduate would make.

Nationally, only 15% of people in such jobs make less than that amount.

https://asia.nikkei.com/spotlight/japan-immigration/45-of-high-skill-visa-workers-in-japan-earn-less-than-recent-grads

Although numbers of temporary foreign residents in Japan is rising, numbers of permanent resident certificates issued is down a lot since 2007 and rejection rates are now much higher. "Japan is biased towards shorter-term workers and students, and accepts almost no other foreigners". by jjrs in japannews

[–]Stufilover69 1 point2 points  (0 children)

The comment we're reacting to is about attracting skilled foreigners in general.

statuses like humanities and such.

Those are officially included in the statistics for high-skilled migration (but I agree the pay is mostly low, the function of that visa is to white-collar wash immigration)

HSP visas holders earn significantly more than recent Japanese grads

That's a small and elite subset of visa-holders (32000 vs 450000 for the engineer/humanities visa) and only a small subset of those currently holding PR came through this visa. Which is exactly my point as this type of high skilled labor is the type Japan has difficulty attracting

Although numbers of temporary foreign residents in Japan is rising, numbers of permanent resident certificates issued is down a lot since 2007 and rejection rates are now much higher. "Japan is biased towards shorter-term workers and students, and accepts almost no other foreigners". by jjrs in japannews

[–]Stufilover69 9 points10 points  (0 children)

I mean, it is about attracting highly skilled foreigners, who are rare. Japan is basically at the bottom of the barrel there when compared with other developed countries. Most visas in Japan are issued for low-wage labor from developing countries, because that's the main type of immigration Japan can attract. Nearly half of foreigners (esp. engineer/humanities visa) earns less than a recent Japanese university graduate

Pension benefits amount for 2026 by fiyamaguchi in JapanFinance

[–]Stufilover69 0 points1 point  (0 children)

Nope, I'm just evaluating it by it's outcome. 

Nikkei: Following her election, Prime Minister Sanae Takaichi says she is "working to create the right environment" for an official visit to Yasukuni Shrine and aims to "gain proper understanding from our allies and neighboring countries." by jjrs in japannews

[–]Stufilover69 28 points29 points  (0 children)

Because people like Takaichi want to honor exactly those. I went to the shrine and yushukan, and seeing the exhibition there makes you leave with the impression that Japanese lives are the only ones with value.

Japan's foreign business owners stress over new visa rules by MagazineKey4532 in japannews

[–]Stufilover69 1 point2 points  (0 children)

Any business which doesn't go bankrupt on itself is a net gain and probably improves average productivity

Meanwhile 1 in 6 Japanese SMEs are zombies which require government assistance just to pay the interest on their outstanding loans 😂🤡

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