Is Japan doomed?
#121
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At least for those dual nationals who have Japanese citizenship by parentage (as opposed to those who elected to be naturalized), I'm pretty sure there are no instances where Japan has stripped someone of their Japanese nationality. There is also a proposal before the Diet to loosen the rules. I'm not sure of the status. A similar proposal was submitted in 2008, but nothing came of it.
One only needs money and time and perseverance to acquire British citizenship. I have no idea if it is even possible to regain Japanese nationality. Even if not many instances of denaturalisation occur doesn't mean that it can't happen. The stakes are too high to be leaving your future to the whims of bureaucrats and politicians.
Japanese bureaucracy is often described as 'paternalistic'. Worth reminding ourselves that the three greatest fears in this culture are: fire, earthquake, father.
#122

Join Date: Jun 2010
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I am not going to try sitting picking over the data with anyone. What I find striking is that I and others (that is how this thread started), who travel the world just aren't seeing the universe as Fingelton is seeing it. Japan, outside the big cities, really has an extremely decayed look compared to even the rust belt in the US and mid level European countries.
Fingleton wrote a similar piece in The Atlantic some time ago. I emailed him then, referring him to this tread among other things (he responded, but not to this point).
Fingleton wrote a similar piece in The Atlantic some time ago. I emailed him then, referring him to this tread among other things (he responded, but not to this point).
#123


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The problem is that I have seen and heard about too many reports concerning Japanese people with American nationality who had their lives made difficult by Japanese officials - there's been a bit of a clampdown lately. There's at least one other regular poster on this forum who has also heard about similar instances.
#124




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I'm actually in the process of contacting a Japanese immigration lawyer on this situation. I've done a fair amount of research on this so I'm pretty sure I understand the situation, but I'd like to be sure and will pass along any information I get.
#125
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However, here's a link Jib71 posted when this subject was discussed in 2008
http://mailman.japaninc.com/pipermai...08/000053.html
It explains at least one of the ways those with dual nationality are being identified.
#126




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Fingleton is just wrong and has been for a long time. Briefly,
Life expectancy and birth is mostly a function of how much people drive, eat and shoot each other. In developed countries it tells you almost nothing about the economy.
To measure unemployment in Japan they ask if you have looked for a job in the last two weeks. In the U.S., it's 6 week. Use the U.S. methodology in Japan and male unemployment jumps 60% and female unemployment doubles.
If no one invests in your country, you will almost by definition have a current account surplus.
Life expectancy and birth is mostly a function of how much people drive, eat and shoot each other. In developed countries it tells you almost nothing about the economy.
To measure unemployment in Japan they ask if you have looked for a job in the last two weeks. In the U.S., it's 6 week. Use the U.S. methodology in Japan and male unemployment jumps 60% and female unemployment doubles.
If no one invests in your country, you will almost by definition have a current account surplus.
#127
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I am not going to try sitting picking over the data with anyone. What I find striking is that I and others (that is how this thread started), who travel the world just aren't seeing the universe as Fingelton is seeing it. Japan, outside the big cities, really has an extremely decayed look compared to even the rust belt in the US and mid level European countries.
Fingleton wrote a similar piece in The Atlantic some time ago. I emailed him then, referring him to this tread among other things (he responded, but not to this point).
Fingleton wrote a similar piece in The Atlantic some time ago. I emailed him then, referring him to this tread among other things (he responded, but not to this point).
#128




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As far as I can tell, it is, but you have to go through the naturalization process. There is a simpler process for "regaining" nationality if you were a Japanese national at birth but your parents did not follow the necessary reporting procedures.
#129




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Back on topic, the current account surplus should not even be a talking point given that it is apparently on its way out the door.
#130
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Tell me about it. LapInfant would have been forced down this route if grandfather hadn't come over from Tokyo. Even with his competency and fluency it took nearly 3 days of his one week stay at the embassy to sort it out. I've no idea how other families where it's the working father who is Japanese are supposed to conjure up that amount of free time from with all the other demands a new baby brings.
#131
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Join Date: Sep 2003
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Back on topic, the current account surplus should not even be a talking point given that it is apparently on its way out the door.
So, for a while now I've figured that Japan is doomed(tm) in the medium-to-long term thanks to demographic issues; but I've also assumed that after 20 years and counting of recession, at some point in the not-too-distant future there will be at least a dead cat bounce when things perk up for a while.
Consider eg. the previous anecdote about Japanese food factories all being 20+ years old: not upgrading your factories is a sensible short-term measure for cutting expenditures, but at some point those old factories will fall apart, and they'll do so before the Japanese stop eating. So somebody at some point will have to invest in new tooling, and if enough of this happens at the same time, the economy rebounds. And sure enough, at least before 3/11, there were occasional blips in the media saying that 20 years of belt-tightening has paid for Japanese companies, which are leaner and much less leveraged than they used to be, and the rebound point where investment starts again was just on the horizon.
But I'm starting to be less sure -- maybe business confidence remains so low that they'll just import everything from China instead and let Japan's rust belt rust. Thoughts?
#132
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Hmm.
So, for a while now I've figured that Japan is doomed(tm) in the medium-to-long term thanks to demographic issues; but I've also assumed that after 20 years and counting of recession, at some point in the not-too-distant future there will be at least a dead cat bounce when things perk up for a while.
Consider eg. the previous anecdote about Japanese food factories all being 20+ years old: not upgrading your factories is a sensible short-term measure for cutting expenditures, but at some point those old factories will fall apart, and they'll do so before the Japanese stop eating. So somebody at some point will have to invest in new tooling, and if enough of this happens at the same time, the economy rebounds. And sure enough, at least before 3/11, there were occasional blips in the media saying that 20 years of belt-tightening has paid for Japanese companies, which are leaner and much less leveraged than they used to be, and the rebound point where investment starts again was just on the horizon.
But I'm starting to be less sure -- maybe business confidence remains so low that they'll just import everything from China instead and let Japan's rust belt rust. Thoughts?
So, for a while now I've figured that Japan is doomed(tm) in the medium-to-long term thanks to demographic issues; but I've also assumed that after 20 years and counting of recession, at some point in the not-too-distant future there will be at least a dead cat bounce when things perk up for a while.
Consider eg. the previous anecdote about Japanese food factories all being 20+ years old: not upgrading your factories is a sensible short-term measure for cutting expenditures, but at some point those old factories will fall apart, and they'll do so before the Japanese stop eating. So somebody at some point will have to invest in new tooling, and if enough of this happens at the same time, the economy rebounds. And sure enough, at least before 3/11, there were occasional blips in the media saying that 20 years of belt-tightening has paid for Japanese companies, which are leaner and much less leveraged than they used to be, and the rebound point where investment starts again was just on the horizon.
But I'm starting to be less sure -- maybe business confidence remains so low that they'll just import everything from China instead and let Japan's rust belt rust. Thoughts?
#133
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Join Date: Sep 2003
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Japan Shrinks
Some more grist for the doom mill. Nothing really new, but a couple of fairly amazing statistics:
http://www.wilsonquarterly.com/article.cfm?AID=2143
If we go by U.S. Census Bureau projections for Japan, for example, there will be so many people over 100 years of age in 2040, and so few babies, that there could almost be one centenarian on hand to welcome each Japanese newborn.
...
Consider, for example, a woman born in 1990, now 22 years old. Given current trends, the institute estimates her life expectancy to be around 90, maybe higher. But childrenand family, at least in the current understanding of the termmay very well not be part of her life experience. The projections give her slightly less than even odds of getting married, and staying married to age 50. Her chances of never marrying at all are nearly one in four. Further, these projections suggest she has nearly a two-fifths (38 percent) chance of ending up childless. Even more astonishing: She has a better-than-even chance of completing life with no biological grandchildren.
...
Consider, for example, a woman born in 1990, now 22 years old. Given current trends, the institute estimates her life expectancy to be around 90, maybe higher. But childrenand family, at least in the current understanding of the termmay very well not be part of her life experience. The projections give her slightly less than even odds of getting married, and staying married to age 50. Her chances of never marrying at all are nearly one in four. Further, these projections suggest she has nearly a two-fifths (38 percent) chance of ending up childless. Even more astonishing: She has a better-than-even chance of completing life with no biological grandchildren.
#134
Join Date: Oct 2008
Posts: 1,559
a little bump for this old thread.
Nikkei reached its all-time high 25 years ago yesterday:
Tokyos Stock Bubble: 25 Years on From Nikkei Peak
http://blogs.wsj.com/japanrealtime/2...e-nikkei-peak/
A quarter-century ago on Dec. 29, 1989, Japans Nikkei Stock Average finished the year at an all-time high of 38916, more than twice its current level. In retrospect, its clear the market was at bursting point, but at the time the mood was still confident, with some analysts predicting a surge beyond 45,000 by the end of 1990.
Japans stock market spawns two kinds of investors: believers and skeptics. The believers are getting rich. The skeptics are getting sore, Marcus W. Brauchli, then a staff reporter for The Wall Street Journal, wrote in an article published Jan. 2, 1990. Just when the market seems top-heavy, it heads even higher, he said.
Nikkei reached its all-time high 25 years ago yesterday:
Tokyos Stock Bubble: 25 Years on From Nikkei Peak
http://blogs.wsj.com/japanrealtime/2...e-nikkei-peak/
A quarter-century ago on Dec. 29, 1989, Japans Nikkei Stock Average finished the year at an all-time high of 38916, more than twice its current level. In retrospect, its clear the market was at bursting point, but at the time the mood was still confident, with some analysts predicting a surge beyond 45,000 by the end of 1990.
Japans stock market spawns two kinds of investors: believers and skeptics. The believers are getting rich. The skeptics are getting sore, Marcus W. Brauchli, then a staff reporter for The Wall Street Journal, wrote in an article published Jan. 2, 1990. Just when the market seems top-heavy, it heads even higher, he said.
#135


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Check out this link from the article http://blogs.wsj.com/japanrealtime/2...arket-outlook/.
One of the more egregious forecasters from 1989 had the rather comical name Pelham Smithers. Sure enough, he is still going strong with a boutique research firm on Japan and appears on Bloomberg UK once in a while.
One of the more egregious forecasters from 1989 had the rather comical name Pelham Smithers. Sure enough, he is still going strong with a boutique research firm on Japan and appears on Bloomberg UK once in a while.
a little bump for this old thread.
Nikkei reached its all-time high 25 years ago yesterday:
Tokyos Stock Bubble: 25 Years on From Nikkei Peak
http://blogs.wsj.com/japanrealtime/2...e-nikkei-peak/
A quarter-century ago on Dec. 29, 1989, Japans Nikkei Stock Average finished the year at an all-time high of 38916, more than twice its current level. In retrospect, its clear the market was at bursting point, but at the time the mood was still confident, with some analysts predicting a surge beyond 45,000 by the end of 1990.
Japans stock market spawns two kinds of investors: believers and skeptics. The believers are getting rich. The skeptics are getting sore, Marcus W. Brauchli, then a staff reporter for The Wall Street Journal, wrote in an article published Jan. 2, 1990. Just when the market seems top-heavy, it heads even higher, he said.
Nikkei reached its all-time high 25 years ago yesterday:
Tokyos Stock Bubble: 25 Years on From Nikkei Peak
http://blogs.wsj.com/japanrealtime/2...e-nikkei-peak/
A quarter-century ago on Dec. 29, 1989, Japans Nikkei Stock Average finished the year at an all-time high of 38916, more than twice its current level. In retrospect, its clear the market was at bursting point, but at the time the mood was still confident, with some analysts predicting a surge beyond 45,000 by the end of 1990.
Japans stock market spawns two kinds of investors: believers and skeptics. The believers are getting rich. The skeptics are getting sore, Marcus W. Brauchli, then a staff reporter for The Wall Street Journal, wrote in an article published Jan. 2, 1990. Just when the market seems top-heavy, it heads even higher, he said.

