Fu Zhu Hui: Is Japan beyond the tension?

On March 27, the yen fell against the US dollar to $ 1.97 yen, the lowest level since July 1990, 34 years ago.

Asahi TV reported the title of Tokyo on the next day, and the continuous decline in the judgment of the Japanese yen will promote more foreigners to buy a house in the center of Tokyo, which has led to accelerating land prices and more and more Japanese in Tokyo.

The report quoted a survey in the city of Tokyo that Tokyo has belonged to the "special class" site, and it is not available in the place where ordinary Japanese capabilities can be available.The survey data shows that last year, 60,000 Tokyo residents wanted to move to the suburbs, 70%of them were white -collar workers in their 20s to 40.

The examples mentioned in the report include a 20 -year -old Japanese couple who originally rented a house in Tokyo. The 45%of their monthly income must be used to pay the rent, and finally they can only buy a house outside Tokyo.

According to the data of the Ministry of Land and Transport in Japan, the average price of new apartments in 23 districts in Tokyo exceeded 100 million yen (approximately S $ 891,000) for the first time last year.Even if the land price in the center of Tokyo rises rapidly, but based on the devaluation of the yen, the tower houses in the port area and Shibuya District of Tokyo centers have attracted a housing club for overseas investors such as China and other overseas investors.

The rich in China poured into Japan to buy a house, but on the other side, the Japanese buying a house in Tokyo became an out of reach.It is difficult for the Japanese to find a room, and the Chinese people will buy a house in Japan as "asset transfer".China's wealthy consumers' investment in Japan is considered to be controlled by the Japanese housing market, which makes Japan lack a sense of security.

Daily news report states that Japan's decline on the world economic stage seems to be becoming more and more obvious.In 2010, the GDP (GDP) in the world was surpassed by China in the world.On February 15 this year, preliminary data released by the Japanese Cabinet Mansion in 2023 showed that Japan was surpassed by Germany, from the third largest economy in the world to fourth place.

According to the monthly labor statistics released by the Ministry of Labor on February 6, the actual salary of the Japanese people in December 2023 decreased by 1.9%compared with the previous year and 21 consecutive months.Wages cannot withstand rising prices, resulting in improving the Japanese life.

The wages of the Japanese have failed to increase. One of the reasons behind it is that there are too many part -time workers, contract workers and fixed period.In the case of economic downturn, many companies have become a normal form of employment in order to reduce costs.According to data released by the Ministry of General Affairs in January 2024, Japanese non -employees accounted for 37%of Japanese employees.

The situation of employment is unstable, making it difficult for people to plan the future, nor can they have enough to accumulate pensions.Among Japan's population over 65 years old, the poverty rate has exceeded 5 million, which is 27%of the total population.As the young Japanese population continues to decline, it has also made benefits that support the poor and elderly groups.

In the 1990s, Japan's economy in Asia was very powerful. At that time, Japan's technology was superb, and there was a sense of superiority than Asia in Asia. It also helped to grow behind the growth of backward Asian countries.Nowadays, with its own economic recession, the economy of other Asian countries has risen rapidly, and it can strongly feel that there is a "beyond" tension in Japan.This mentality is not only useless to Japan itself, but also hinders it to get along with the harmony with Asian neighbors.It is the key to have a common mentality of learning with Asian partners and establishing a peer -to -peer relationship.