As someone who has been living in Japan for 20 years and who used to work in the financial sector in the U.S. when I was living there, this video has many things right about the global financial system and how the yen carry trade works. However, I would say that the Japanese business, economy and work situation was not explained very well possibly due to a lack of knowledge of how things actually work in Japan. Once of the most basic misconceptions I'd say is that Japanese "work very hard". I would say that is partly correct, but in many cases, I'd say this is actually incorrect. You can say that many Japanese spend a lot of their time "at work", but many of the actual hours that they "work" are not productive. Many hours are wasted attending meetings or "pretending to work" because of cultural/business norms and pressures from their superiors. In Japan, IMAGE is probably one of the most important concepts that Japanese value. The "impression" that you are working hard is a lot more valued than actually working smarter, shorter hours and being productive. I'd say that the average Japanese worker wastes roughly 3-4 hours a day doing things that don't contribute directly to completing a meaningful/productive task. On top of that, you have Japanese management that is entrenched in old ideas, work methods, bureaucratic procedures and values that go directly against productivity, just because "that's how its always been done (i.e. tradition). Japanese management and government are more than happy to exploit Japanese workers and workers let themselves get exploited because they have been conditioned since a very small age, beginning in school, that a good Japanese doesn't question their superiors and just follows orders and instructions. This leads to a A LOT of exploitation, bullying, and exclusion from the group if you as a Japanese worker, step out of line. In the meantime, Japanese companies are making their money and hoarding it and always make up excuses as to why they cannot give their workers an honest wage increase. That is why average wages in Japan have remained stagnant since the early 90s. There is so much corruption/bribery at the executive/upper management level, that most outside Japan would be shocked. Now, when you add the Japanese government and how they tax the snot out of the average Japanese person and mismanage tax revenue, you see the "C"word at a whole different level. The government and business are pretty much in bed together. They scratch each other's backs and milk the Japanese worker/taxpayer because that is how they set up the system to work here in Japan. Nobody dares questions the system and that is why Japan is where it is. The average full-time worker is at work about 10-12 hours a day but only getting paid for about 8 hours of work. The rest is basically pocketed by the Japanese company. And you as a Japanese worker should just suck it up and be grateful that the Japanese company gives you the "honor" of letting you work for them. Now, throw in an aging population sucking out all the social security benefits and health services from the system and not enough preschools for parents to enroll their small children and stagnant wages and rising inflation, you can imagine why young people are choosing to only have 1 kid or just not bother with marriage at all. It's a downward spiral…they describe it as 2 trains crashing head-on but in VERY SLOW MOTION. The next 10-20years should be VERY interesting to experience.
Hi from Canada, while most focus on price, smart investors watch the underlying stats that drive momentum. Understanding these signals can give you the edge before the next major move unfolds. fortunes are made in draw downs / recessions. While others complain, I focus on execution and a solid strategy. I made a smart move in early 2026, stayed the course, and just hit $623k.
Any government system is better than the one in Japan. It would be better if they were farmers growing rice and having ten children each, instead of the government replacing the kindergarten.
Japan has less than half the GDP per capita of the United States. In fact it’s 30% lower than the poorest US state, Mississippi. Secondly, worker productivity of Japan is the lowest in the G7 by A LOT. The current workforce simply is not as productive as its neighbors in Korea and Taiwan.
These are big problems and the only thing the Japanese government can do is increase the size of their welfare state—which leads to inflation and higher interest rates. They can’t create more people and or make them more productive.
Mericas economy is collapsing already. Private equity is in serious trouble. Stealing Venezuela's oil, then starting oil value shocks through war, an illegal war, to prop up their economy won't help. It will only help the big fish take investors money. Middle class Mericans just became poor. The poor, destitute. The empire has fallen.
This is the same in Canada, and I am visiting in Central America no homeless, people having children, buying food and houses, free university and health care.
And after all these schemes and shady plans, nothing is really created, only inflation. The numbers go up, but no infrastructure is built, life of the average people does not get better, no food is planted. Most likely the opposite happen, since why one would invest on these if it is more profitable to do financial tricks to get rich quick?.. And people say capitalism is efficient…
Surely it is Iran which is preparing the biggest recession of our lives including the total collapse of Japan. 😂 Japan will have no energy imputs to make anything
great video. same thing in australia, reserve bank of australia will lend to banks at 1-2% but the banks pass it on at higher rates to the public. you'll never get in on these 0-2% interest rate schemes.
I don't think anyone can just get a loan from the Bank of Japan. I think you have to be a Japanese citizen to do that. I would love to be corrected if this isn't true.
What the hell is the graph of GDP you show at 0:50? Japan's GDP growth was negative in 2019 and 2020. It was positive every other year from 2014 to 2022.
48 Comments
As someone who has been living in Japan for 20 years and who used to work in the financial sector in the U.S. when I was living there, this video has many things right about the global financial system and how the yen carry trade works.
However, I would say that the Japanese business, economy and work situation was not explained very well possibly due to a lack of knowledge of how things actually work in Japan.
Once of the most basic misconceptions I'd say is that Japanese "work very hard". I would say that is partly correct, but in many cases, I'd say this is actually incorrect. You can say that many Japanese spend a lot of their time "at work", but many of the actual hours that they "work" are not productive. Many hours are wasted attending meetings or "pretending to work" because of cultural/business norms and pressures from their superiors.
In Japan, IMAGE is probably one of the most important concepts that Japanese value. The "impression" that you are working hard is a lot more valued than actually working smarter, shorter hours and being productive. I'd say that the average Japanese worker wastes roughly 3-4 hours a day doing things that don't contribute directly to completing a meaningful/productive task.
On top of that, you have Japanese management that is entrenched in old ideas, work methods, bureaucratic procedures and values that go directly against productivity, just because "that's how its always been done (i.e. tradition). Japanese management and government are more than happy to exploit Japanese workers and workers let themselves get exploited because they have been conditioned since a very small age, beginning in school, that a good Japanese doesn't question their superiors and just follows orders and instructions. This leads to a A LOT of exploitation, bullying, and exclusion from the group if you as a Japanese worker, step out of line.
In the meantime, Japanese companies are making their money and hoarding it and always make up excuses as to why they cannot give their workers an honest wage increase. That is why average wages in Japan have remained stagnant since the early 90s. There is so much corruption/bribery at the executive/upper management level, that most outside Japan would be shocked.
Now, when you add the Japanese government and how they tax the snot out of the average Japanese person and mismanage tax revenue, you see the "C"word at a whole different level. The government and business are pretty much in bed together. They scratch each other's backs and milk the Japanese worker/taxpayer because that is how they set up the system to work here in Japan. Nobody dares questions the system and that is why Japan is where it is.
The average full-time worker is at work about 10-12 hours a day but only getting paid for about 8 hours of work. The rest is basically pocketed by the Japanese company. And you as a Japanese worker should just suck it up and be grateful that the Japanese company gives you the "honor" of letting you work for them.
Now, throw in an aging population sucking out all the social security benefits and health services from the system and not enough preschools for parents to enroll their small children and stagnant wages and rising inflation, you can imagine why young people are choosing to only have 1 kid or just not bother with marriage at all.
It's a downward spiral…they describe it as 2 trains crashing head-on but in VERY SLOW MOTION.
The next 10-20years should be VERY interesting to experience.
Hi from Canada, while most focus on price, smart investors watch the underlying stats that drive momentum. Understanding these signals can give you the edge before the next major move unfolds. fortunes are made in draw downs / recessions. While others complain, I focus on execution and a solid strategy. I made a smart move in early 2026, stayed the course, and just hit $623k.
Great economics class and very easy to understand!
The Japanese will finally breathe a sigh of relief after 100 years of suffering after the end of the crisis… I hope democracy shuns the war hawks
Any government system is better than the one in Japan. It would be better if they were farmers growing rice and having ten children each, instead of the government replacing the kindergarten.
Just because japan is just a puppet of the usa..
BANZAAAAAAAAAAIIIII….!!
I have to disagree on some points.
Japan has less than half the GDP per capita of the United States. In fact it’s 30% lower than the poorest US state, Mississippi. Secondly, worker productivity of Japan is the lowest in the G7 by A LOT. The current workforce simply is not as productive as its neighbors in Korea and Taiwan.
These are big problems and the only thing the Japanese government can do is increase the size of their welfare state—which leads to inflation and higher interest rates. They can’t create more people and or make them more productive.
😍😝😛
So you're talking about long nose small hat
Switzerland has also below Zero i rate.
The Answer is Simple… Buy Gold. This is not Rocket Science.
Japanese quality products were always on another level of craftsmanship
They've had enough of the US. Just like the rest of the world. The jig is up and the party is over. Literally
Maintain being a human not AI, i like your topic, most youtuber here 1 to 2 months real human.. after they use AI… ❤❤❤
Corruption is all bad greed for nothing, f off.
Financialization is USURY ON CRACK!
Lol i thought all this time IMF encouraged Japan to increase the rate …
Mericas economy is collapsing already. Private equity is in serious trouble.
Stealing Venezuela's oil, then starting oil value shocks through war, an illegal war, to prop up their economy won't help. It will only help the big fish take investors money.
Middle class Mericans just became poor. The poor, destitute.
The empire has fallen.
I'm a Japanese street worker and a toy boy/girl in Nagasaki. I notice them less hard.😢
Fire your English teacher.
Global jewish gangsterism must be destroyed
Jamie Dimond as it turns out is one of the biggest cockroaches there are.
Clickbaity
Let it be. The western ran out of time when they chose shitrump
This is the same in Canada, and I am visiting in Central America no homeless, people having children, buying food and houses, free university and health care.
The real question is how does the average person get involved in this carry trade.
The jew fears the samurai
And after all these schemes and shady plans, nothing is really created, only inflation. The numbers go up, but no infrastructure is built, life of the average people does not get better, no food is planted. Most likely the opposite happen, since why one would invest on these if it is more profitable to do financial tricks to get rich quick?.. And people say capitalism is efficient…
And this is why so many societies strictly regulated or banned usury.
Surely it is Iran which is preparing the biggest recession of our lives including the total collapse of Japan. 😂 Japan will have no energy imputs to make anything
aka. the jewish trick
Well said and analysed.
The uk British economy and eu European economy is already fucked before Japan gets around to raising the interest rates
The economy of uk British and European eu economy is essentially fucked before Japan gets to start to raise interest rates
Economy … economy… economy
Japan proves gdp does not mean always there's economic growth in Middle class
great video. same thing in australia, reserve bank of australia will lend to banks at 1-2% but the banks pass it on at higher rates to the public. you'll never get in on these 0-2% interest rate schemes.
Reagen stopped them from iver taking USA
mmmmmmmmmmmmmmmmmmmm no money with the donald gang nnnnnnnnnnnnnnnnnnn they destroy everything mmmmmmmmmmmmmmmmmmmmm
I remember first learning about The Plaza accord and going past it, then later thinking about it, looking it up, and yeah it's sus as f.
Back in the 80s we all hated japan because they made cheap electronics. Now all the sheeple love japan.. LOL.
Yes please japan do it!!
うん。我が日本国は「確実に沈む」ぞよ。だから「距離を取っておけばよろしい」わさ。キミたちからすると「対岸の火事である」のだから「高みの見物をしておけばよろしい」でそ。（笑）ンでンな「マジになっちゃって」ンの☆
Japanese early birds have already flown and escaped from Japan.
I don't think anyone can just get a loan from the Bank of Japan. I think you have to be a Japanese citizen to do that. I would love to be corrected if this isn't true.
It is common knowledge in Japan that the Ministry of Finance uses the IMF to sustain austerity measures.
What the hell is the graph of GDP you show at 0:50? Japan's GDP growth was negative in 2019 and 2020. It was positive every other year from 2014 to 2022.