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On the Effects of Globalization

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Submitted By Poobo
Words 382
Pages 2
June 23rd

Current Japanese Politics

1920 Rapid Modernization

Well into Meiji Period, and the population was very young, and increasing.

1950 Post WWII

The population was still being rapidly expanded, more and more. However gaps develop for those killed in war... Massive bottom heavy.

1960 Rapid Economic Growth

Fewer infants and children, a massive bulge of previously children starts moving up the population period.

Women joined the workforce, expansion of higher education, fewer babies.

1990

Less and less newborns, very small compared to middle aged and old.

Moving forward with projection, it's extremely top heavily. Welfare is projected to be one working person for every person on welfare.

Rapidly aging population, although China's is aging faster. China will have 300 million people over 60.

Aging population coupled with shrinking economy. Less young people, less consuming.

Abenomics

Spend more money to stimulate economy. Currently working (ish) for the short term.

Bank of Japan keeps the interest rate low, so that money moves more throughout the market. Private industry can expand.

Keynesian, except there are no new industries are being developed.

Japan is now opening up the weapons market (ish). Very successful rockets industries coupled with large quantities of plutonium after the shutdown of nuclear facilities. Worries some due to the potential for developing nuclear arms. Some politicians are pushing for it.

Rising retirement age (possibly to 75), less desirable workers for companies.

Pension payments are about 50% a working wage, possibly too low? Proposal to cut the provisions by 0.09% every year to maintain the system while trimming it down.

Possible solutions: Incentivise having children, at-work daycare, increase immigration, rise retirement age, etc.

Japanese immigration policy is inconsistent. Usually very limited. However in the 80's the private industry companies needed immigration because the Japanese work force didn't want to do heavy labor. Relaxed immigration for foreigners with Japanese heritage. But opening up to non-Japanese foreign immigrants/workers.

Is the culture shock of more immigration better or worse than increasing reproduction in response to the threat of a VERY old population.

Currently Japan wants foreign workers, but doesn't want to absorb them into the population.

International corporations are posing a conflict for Japan (and other nations) in the issue of levying taxes and maintaining economies in their own nation-state.

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