Japan's Younger Generations Are At Risk.
Japan Prime Minister Shinzo Abe has raised Sale Tax which is some what of a worrisome to the youths of Japan. A country of manufacturing titan - Toyota , Honda ,Suzuki ; Pop culture icons such as Hello Kitty , Asimo robot had slip into recession.
Abe as the leader of Japan has been undergoing a tremendous pressure to reduce the a quadrillon debt owned by the country, which had also hiked tax this April is going for another implementation of increasing the taxes again . The uncontrollable and unstoppable unprecedented stimulus by the government is not a good sight for Japan's younger generations.
Due to the late 20 century Japan hit its peak in economy and then felt of the economy bubble burst years then , is suffering from the policies implemented then. Health care, Child care, elder care, social welfare are of those policies but since recession hits Japan until now, the country has spent a large sum of money on this area.
Adults of Japan are not satisfied with the recession and is eager that is should be solved immediately. Furthermore, the low birth rates and high life expectancy in japan makes the policies implied before even a bigger burden for the future youths. Abe has pumped ten trillion yen into japan's economy to end the stagnation stage and revamp work for Japan to work its way back to the competitiveness it used to be.
The last two decades, Japanese companies are struggling to compete with rivals in China dismantled much of the lifetime employment system that was standard for most urban white collar and factory workers. Today,40% of Japanese workers with part time contracts have little job security and scant benefits. For young Japanese, permanent, career-track jobs are the exception.
Abe also urges Japan's firms to raise pays and offer a broader range of opportunities to include woman in to the world 3rd largest economy contribution. The raise in tax may be partial for the poorer society , however this is the only way for japan to recover said by Koichi Hamada, a former economic adviser to Abe.
(Source: Yahoo Finance)
The last two decades, Japanese companies are struggling to compete with rivals in China dismantled much of the lifetime employment system that was standard for most urban white collar and factory workers. Today,40% of Japanese workers with part time contracts have little job security and scant benefits. For young Japanese, permanent, career-track jobs are the exception.
Abe also urges Japan's firms to raise pays and offer a broader range of opportunities to include woman in to the world 3rd largest economy contribution. The raise in tax may be partial for the poorer society , however this is the only way for japan to recover said by Koichi Hamada, a former economic adviser to Abe.
(Source: Yahoo Finance)
