The Biggest Economic Recession In Japan

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Japan is facing the biggest economic recession it could ever face. Since the bubble collapse, Japanese economy has entered a long tunnel of depression for more than two decades. The economic develop rate has been hitting very low during the period, some years even in minus. There was a sign of recovery a few years ago, but there is still no sign of it. This is due to several reasons. The biggest reason is the high burden young people have to pay for the pension given to the elderly. While one elderly was economically supported by 10.8 people in 1965, only 2.8 people is supporting one elderly 50 years later. What is more, many of the people who are more than 65 years old do not understand that the birthrate is very low and the population is decreasing. Therefore, many elderly misunderstand the current situation and believe that it is the same as fifty years ago, leading to a demand of the same amount of money the government gave out 50 years ago. Another reason is the lack of employees in companies. This situation is causing the employees to work for many hours, causing serious damage both physically and mentally. What is more, the work is not efficiently done and is often not matching the needs. Finally, lack of effort in giving foreign travelers a suitable environment is also a cause to the situation. Japan has many famous …show more content…

By allowing foreign labor to replace some jobs, more free time would be given to Japanese workers. Japanese employees would then have time to enjoy their hobbies or take time to rest and prepare for the next day, allowing the workers to do better at work the next day. Workers from other countries can also introduce a different point of view or some changes to the office. This would stimulate other workers and make progress at work. They could also bring the newest information from their country. Foreign workers could help Japan recover its economy by giving changes in work

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