They got overtaken by Germany a country with 50% lower population and the gap is widening. Their gdp per capita is below some Eastern European countries and way below other developed countries that used to have similar gdp per capita. Yen’s devaluation is getting faster so in the future I don’t think Japan can even be called a first world country anymore. What exactly caused this? I know Japan has been in recession since the early 90s but this last few years seem to be extra harsh on Japan
In: Economics
Overworked people, rigid work culture, and antiquated technology.
You’ll spend 18 hours in the office because your boss hasn’t left yet and you can’t leave before them. Then your boss will invite everybody for drinks, and you have to take that invitation. Next day, hung over and on 4 hours of sleep, you’ll receive a fax that your robotics department ran out of floppy disks and you need to buy more.
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