Japan’s New Economic Driver #japan #politics #economy
Honda made a a a very small jet that was a corporate jet. Um, and they’ve they’ve tried that. They’ve tried that with sea planes. Japan used to be the world leader in production of sophisticated sea planes. They lost that at the end of World War II and then the implementation of uh the United States restrictions on them developing airliners and and that sort of thing. And they’re trying to break through that. That didn’t quite work. The current flavor of the month is uh chips and um AI. uh but they are continuing to look for what is that that new industry that we can exploit that’s going to generate revenue. We are in the doldrums for 25 years we have suffered the economy has been in the pits and people aren’t making enough money and the cost of living increases and even though we give people more money in their salary the inflation rate eats that up and we are in deep dog due and we’ve got an election coming up and nobody wants to vote for the LDP because they’re paying so much for tomatoes. So yes, they are they are
Japan has been looking for ways to overcome its sluggish economy by developing an industry that could be as reliable for growth as the automotive industry. For more, watch Episode #229 of Japanese Politics One-on-One
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