Housing Bubble II: The Quest To Build Enough Homes Where People Actually Need Them

[Nite]

Originally Posted by whatnext

LOL, Canada should be so lucky to have Japan's "major economic problems". the world's third largest economy with a shrinking population, not bad.

Where do you get the idea that things are going well in Japan?
Germany with 50 million less people will soon is most likely the 3rd largest economy right now



Oct 24, 2023

Germany to Pass Japan as 3rd-Largest Economy, Helped by Weak Yen
Yoshiaki Nohara, Bloomberg News


(Bloomberg) -- Germany’s economy is projected to dislodge Japan’s as the world’s third largest in 2023, helped by a slide in the yen against the dollar and the euro.

The International Monetary Fund’s latest projections estimate Germany’s nominal gross domestic product at $4.43 trillion this year, compared with $4.23 trillion for Japan. That would leave Germany lagging only the United States and China in terms of economic size.

https://www.bnnbloomberg.ca/germany-...-yen-1.1988549

Young Japanese are leaving the country at every higher and higher numbers because of job opportunities outside of Japan ad not being heavily taxed to support the aging population.

Better Off Abroad: Young People Leaving 'Cheap Japan'

Unlike other G7 countries, wages in Japan have been stagnant for more than twenty years. In addition, the country has lately seen a rapid decline in the value of the yen. "I can't earn enough however hard I work" ― a growing number of young people who feel that way are now giving up "cheap Japan" to work overseas. Some pick blueberries in Australia, making more than double the average starting salary in Japan. One Japanese woman who works at a care facility there is able to save up 3,700 US dollars a month to realize her future dream. Is Japan no longer an attractive place to work? We take a look at the latest trend.

https://www3.nhk.or.jp/nhkworld/en/t...30217/4002882/

30 years of GDP per capita growth
GDP Per Capita

1993
Canada: $20,210 USD
Japan: $36,430 USD
Germany: 25,600 USD

2023
Canada: $53,250 USD
Japan: $33,950 USD
Germany: $52,820 USD

https://www.imf.org/external/datamap...EO/JPN/CAN/DEU