{"id":5458,"date":"2012-08-07T12:00:48","date_gmt":"2012-08-07T16:00:48","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=5458"},"modified":"2012-08-07T07:43:07","modified_gmt":"2012-08-07T11:43:07","slug":"japans-intergenerational-battle","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2012\/japans-intergenerational-battle\/","title":{"rendered":"Japan\u2019s Intergenerational Battle"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/07\/073012_2311_JapansInter1.jpg\" alt=\"\" width=\"640\" height=\"426\" \/><\/p>\n<p>Japan has had two lost decades \u2013 years where the country&#8217;s economic growth has failed to impress \u2013 and continues to deal with a weak economy. Martin Fackler looked at one reason why:<\/p>\n<ul>\n<li>The value of the yen compared to other currencies is extremely high. And the government is doing little to reduce its value.<\/li>\n<li>A high yen is good for Japan&#8217;s retirees \u2013 who make up almost a third of the population \u2013 since it allows them to buy cheap imports from abroad.<\/li>\n<li>It&#8217;s bad for the young. Local businesses are unable to sell products to other markets, because the high value of the currency makes their products more expensive.<\/li>\n<li>This inter-generational inequality is not widely known or understood in Japan.<\/li>\n<li>Since the elderly make up such a large proportion of Japan&#8217;s population, and because they come out to vote in large numbers, it is difficult to propose policy measures that would bring down the value of the Yen.<\/li>\n<li>In the long run though as Japan&#8217;s domestic industry continues to wither even the elderly will suffer.<\/li>\n<\/ul>\n<p>To read more including why the Bank of Japan isn&#8217;t acting, how other countries have responded to the same issue, some of the strategies that Japan could pursue, what this means for Japan&#8217;s future, the actions that the government has taken, an initiative by the Democratic Party to solve the problem, what experts have to say, and what the elderly have to say, click <a href=\"http:\/\/e.mydigitalfc.com\/PUBLICATIONS\/DCF\/DCF\/2012\/07\/26\/ArticleHtmls\/Behind-the-strong-yen-Gap-between-needs-of-26072012164011.shtml\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/e.mydigitalfc.com\/PUBLICATIONS\/DCF\/DCF\/2012\/07\/26\/ArticleHtmls\/Behind-the-strong-yen-Gap-between-needs-of-26072012164011.shtml\">Financial Chronicle<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2012\/07\/the-public-choice-approach-to-monetary-policy.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan has had two lost decades \u2013 years where the country&#8217;s economic growth has failed to impress \u2013 and continues to deal with a weak economy. Martin Fackler looked at one reason why: The value of the yen compared to other currencies is extremely high. And the government is doing little to reduce its value. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/07\/073012_2311_JapansInter1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=5458"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5458\/revisions"}],"predecessor-version":[{"id":5542,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5458\/revisions\/5542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/5457"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=5458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=5458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=5458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}