How did the Japanese become so poor?
A nation can survive a 30 year bear market but it's enough to cripple a generation or two financially.
>>62229263>go from nuked to #2 economy because america gibs+trade favoritism >america freaks the fuck out and starts throwing up trade barriers>the shock of going from america's chosen nation to rival overnight fucks the economy forever, never had time to readjust
Honorary Eastern Europeans
>>62229347Many Eastern Euro countries are doing better than Japan.
>>62229263They're not really that poor. Annual income means very little without knowing the cost of living. Japan has a very low cost of living for a developed country, they are also for the most part an ethnically homologous high trust society which has financially significant knock-on effects like middle class people can feel safe living in a big city, taking public transportation, letting their children walk to school, health care, food, security etc...The yen is also weak compared to a lot currencies because Japan has long had a policy of debasing their currency to make their manufacturing more competitive globally.>>62229347>>62229383Japan is a much larger economy than any eastern european country in fact is the 4th largest economy in the world beaten out only by US, China and Germany.
>>62229609>they are also for the most part an ethnically homologous high trust society which has financially significant knock-on effects like middle class people can feel safe living in a big city, taking public transportation, letting their children walk to school, health care, food, security etc...So they are basically like the Scandinavian countries, but earn 3 times less as a consequence of 3 decades of stagnation
>>62229263I remember all the Japanese tourists in Switzerland. Now it's all arabs and indians. Sad. I miss them, life was better
>>62229383>Looks at the top>Tax havens, petro states, world reserve currency
>>62229263Nominal purchasing power vs Parity purchasing power, OP...I get that /biz/ isnt bright but c'mon
>>62229711I'm in my 30s and I still remember the Asian tourists in the 00s. I haven't opportunity since to check out if they're still coming.Point is, if their wealth decreased it must have been a slow bleed since by the late 00s they could still afford Eurotrips.
>>62229684Yes and no. Scandinavian countries are pozzed (Sweden to a large degree) and their societies are deteriorating well below "high-trust". Japan is still among the most livable countries and you do need less to live there. Stuff is surprisingly cheap and you can live frugal.
>>6222926330 years of being forced to be the worlds credit paypig. Only export companies could thrive, their domestic growth was tourniqueted
>>62229684>>62229994Japan will be forced to import millions of jeets financially soon
>>62230078Why? Nobody believes in the migration ponzi scheme anymore
Japan will keep squeezing their youth to pay for their boomers until the island goes extinct.>but muh reboundNot happening. The inverted pyramid keeps shrinking with overall population but the shape doesn't change. The structure of what's happening doesn't change without a day of the pillow right up until there's hardly anyone left.
>cerebras still not openhow complicated can this be?
>>62229263They are being targeted by jews because they don’t accept niggers.
>>62229903Okay smartass so you've identified that its a loss in parity purchasing power, but that still doesn't answer the question OP askedHow did the Japanese end up ranked #19 on the parity chart?
>>62230996The other countries imported more refugees
>>62229383These are three year old statistics. During this time, a few eastern european countries have surpassed Japan.
>>62229263Homogeneous mono ethnic nation states are usually poor. Racism doesn't pay.
>>62229994Japan is poor, you make 20k a year as a software developer. It's the same money you can make in Lidl as a Swedish person.
>>62231003Lithuania imported more refugees than Japan? Both countries are shrinking in population btw.
>>62230520Because Jews control their politicians
