I've said before that Japan conducts a sort of "soft socialism", but it's not necessarily rooted in the redistribution of wealth. There is, however, relative economic parity in Japan with a large middle class, few rich people, and few poor people. This is accomplished by not offering presidents and CEOs obscenely lavish salaries and keeping the bottom income bracket a little further from the
Affichage des articles dont le libellé est money. Afficher tous les articles
Affichage des articles dont le libellé est money. Afficher tous les articles
jeudi 10 novembre 2011
Will Miss #385 - (relative) economic parity
Posted on 08:00 by Unknown
I've said before that Japan conducts a sort of "soft socialism", but it's not necessarily rooted in the redistribution of wealth. There is, however, relative economic parity in Japan with a large middle class, few rich people, and few poor people. This is accomplished by not offering presidents and CEOs obscenely lavish salaries and keeping the bottom income bracket a little further from the
Posted in economic conditions, money, politics, social contracts, socialism, will miss
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lundi 19 septembre 2011
Won't Miss #365 - wiring money home
Posted on 02:16 by Unknown
As I've mentioned before, Japanese banks have paltry interest rates on savings accounts. In fact, I'm surprised most people don't hide their money in old bento boxes and bury it in the back yard. That probably has more to do with the fact that so few people have actual backyards than it being considered a lesser option than putting it in the bank. Since I'd prefer to lose as little of my money
mercredi 10 août 2011
Won't Miss #351 - paltry (or no) raises
Posted on 00:15 by Unknown
The economic situation in Japan has been going downhill for quite some time. That doesn't mean companies don't make money, but rather that Japan hasn't been growing economically on the whole. However, even before the downturn became so dire, raises were very pathetic at most companies. It's not unusual for people to get raises of as little as a few thousand yen (about $24) or no raise at all,
vendredi 29 juillet 2011
Won't Miss #347 - monthly pay
Posted on 00:15 by Unknown
This is a MUFG (Mitsubishi UFJ Financial Group) building, which is very tentatively linked to this post. I'm using this picture because of the man and poster person staring in awe at the silver scrotum sculpture in front of the building, which is more interesting than a generic bank picture.
In the U.S., I was paid every two weeks and some people are paid every week. I think the system is
lundi 6 décembre 2010
Will Miss #262 - low interest on loans
Posted on 00:15 by Unknown
Hello Kitty wants to loan you money for your needs at low rates.
The flip-side to the previous post is that Japanese people get to borrow money at a rate which tends to be substantially lower than those in the West. If you buy a house or car, you get very attractive interest rates. This is especially appealing when you consider that it often takes 30 years to buy expensive property in Japan. It's
The flip-side to the previous post is that Japanese people get to borrow money at a rate which tends to be substantially lower than those in the West. If you buy a house or car, you get very attractive interest rates. This is especially appealing when you consider that it often takes 30 years to buy expensive property in Japan. It's
vendredi 3 décembre 2010
Won't Miss #262 - low interest on savings
Posted on 00:15 by Unknown
This sign does not talk about savings interest rates. Such signs do not exist because such information is too embarrassing to be promoted. Please enjoy this picture of the pretty model next to information on credit card loans at Mizuho bank instead. It's the best I could do as a tangentially related picture.
The Japanese are a country of savers, and that means that banks offer them little
The Japanese are a country of savers, and that means that banks offer them little
jeudi 16 septembre 2010
Will Miss #233 - takarakuji
Posted on 00:15 by Unknown
A window which sells Japanese lottery tickets.
"Takarakuji" is the Japanese version of the lottery. Let me say that I do not buy lottery tickets or gamble. To me, it's simply tossing ones money out the window because the odds are so low that you'll win as much as you spend, let alone more. That being said, I always get a kick out of the way the Japanese lottery works because the prizes really
"Takarakuji" is the Japanese version of the lottery. Let me say that I do not buy lottery tickets or gamble. To me, it's simply tossing ones money out the window because the odds are so low that you'll win as much as you spend, let alone more. That being said, I always get a kick out of the way the Japanese lottery works because the prizes really
mardi 22 juin 2010
Will Miss #189 - the Suica Card system
Posted on 00:15 by Unknown
Japan is still largely a "cash-based" society. That means that the Japanese aren't embracing the idea of debit cards* that withdraw money automatically from their bank accounts. However, Japan is also technologically advanced (and inclined) and companies are always pushing to make life more convenient. They have come up with a system which allows them to have the benefits of the debit system
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