Comments on: Japan’s 26-Year Descent http://dailyreckoning.com/japans-26-year-descent/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 19:52:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jeremy http://dailyreckoning.com/japans-26-year-descent/#comment-13510 Jeremy Mon, 29 Jun 2009 23:39:09 +0000 http://dailyreckoning.com/?p=16798#comment-13510 I would for a large Japanese firm in Tokyo. We get a lunch allowance daily of around 900 Yen. ($9). Going over the $10 mark just does not happen for the weekly lunches - people will not do it. If you go to any restaurant at above $15 a head during the week you can typically just walk in. Interestingly the savings rate is also diminishing and the population has peaked and is declining. The country side is strewn with concrete monstrosities now abandoned and full of people who are happy enough with the whole arrangement. I do not think this is a country that I would want to be a part of in 20 - 30 years. I would for a large Japanese firm in Tokyo. We get a lunch allowance daily of around 900 Yen. ($9). Going over the $10 mark just does not happen for the weekly lunches – people will not do it.

If you go to any restaurant at above $15 a head during the week you can typically just walk in.

Interestingly the savings rate is also diminishing and the population has peaked and is declining. The country side is strewn with concrete monstrosities now abandoned and full of people who are happy enough with the whole arrangement.

I do not think this is a country that I would want to be a part of in 20 – 30 years.

]]> By: Richard K http://dailyreckoning.com/japans-26-year-descent/#comment-13439 Richard K Mon, 29 Jun 2009 17:40:11 +0000 http://dailyreckoning.com/?p=16798#comment-13439 Missing from this and most other analyses of Japan's economy, are the people themselves, the ones who are not buying expensive clothes and eating in pricey restaurants. Are they unhappy? Are they scared? Living in poverty, or fear of the future? Do they starve at home because the market is down, or suffer from illness they can't afford to have treated? I'm not arguing with the theme of this post. But sometime I would like to see life in Japan from the viewpoint of ordinary folks living in a post-boom economy. It might be instructive for our future here in the USA. Missing from this and most other analyses of Japan’s economy, are the people themselves, the ones who are not buying expensive clothes and eating in pricey restaurants. Are they unhappy? Are they scared? Living in poverty, or fear of the future? Do they starve at home because the market is down, or suffer from illness they can’t afford to have treated?

I’m not arguing with the theme of this post. But sometime I would like to see life in Japan from the viewpoint of ordinary folks living in a post-boom economy. It might be instructive for our future here in the USA.

]]> By: tony bonn http://dailyreckoning.com/japans-26-year-descent/#comment-13431 tony bonn Mon, 29 Jun 2009 16:43:51 +0000 http://dailyreckoning.com/?p=16798#comment-13431 i thought to surge in the japanese stock market this year was even more imbecilic than the american surge....but then again the american rally was probably 4 sparc stations at goldman sachs trading with each other i thought to surge in the japanese stock market this year was even more imbecilic than the american surge….but then again the american rally was probably 4 sparc stations at goldman sachs trading with each other

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