Is Japan a poor country?
Japan has held the title of the one of world's largest economies for over 40 years and although seemingly prosperous, an “invisible” problem has emerged. CNN reports “an astonishing one in six [people in Japan], or more than 21 million people in a country of 128 million” are living below the poverty line. Lees verder »
Is Japan is a rich country?
Japan has the third-largest financial assets in the world, valued at $12 trillion, or 8.6% of the global GDP total as of 2020. As of 2017, 51 of the Fortune Global 500 companies are based in Japan, down from 62 in 2013. The country is the third-largest in the world by total wealth. Lees verder »
Why is Japan poorer?
The population then was young and growing; now it's elderly and sinking. Then, full-time jobs were the rule; now, 40 percent of the labor force is part-time and poorly paid. Then, wages rose faster than inflation; now, they stagnate. High energy costs have long bedeviled the Japanese economy. Lees verder »
What part of Japan is poor?
Okinawa. Okinawa is known for its beautiful nature and tourism, but it is also the most impoverished prefecture in Japan. The child poverty rate stands at nearly 30%, almost twice the national average. Lees verder »
