Japan’s Economy: The Informal Market’s Surprising Role #shorts
But please know there’s also informal economy that helps every country survive. Every country benefits from the informal market. You know, think keep that keeps things alive and moving and whatever. That’s something that you have to accept. So when you when you decide to go to one extreme to be so strict to to make Japan less attractive to foreigners with a tanking yen deliberately to make which was supposed to make it attractive for people to come and spend money here and also encourage your Japanese per Japanese nationals not to go overseas cuz your yen has no value in comparison to other currencies. So they rather stay home, stay in the country and spend here. I mean, if you want to go back to old Japan where there are no foreigners or listen to no foreigners, then you know who is going to buy your products?
Japan’s formal economy isn’t the whole story. The informal market helps the country survive each quarter! When strictness makes Japan less attractive, who buys their products? #JapanEconomy #InformalMarket #Currency #EconomicPolicy