| ▲ | PorciiVorbesc 2 hours ago | |||||||||||||
>I know at least 7 people that have decided to leave Japan because of it. Wouldn't that make the Japanese locals happy as that means (in theory) 7 new job vacancies and 7 more free homes on the market for them? Even if that's not exactly how this works in practice, if that's how voters see it, then they will support it. | ||||||||||||||
| ▲ | famahar 2 hours ago | parent | next [-] | |||||||||||||
A politician can spin it that way sure, despite foreigners owning 0.12 percent of property and most foreigner jobs (at least the ones my friends have) requiring fluent English. It's not a threat to Japanese people, but with the right populist figure, anything can sound like a threat. What I find so sad about this is the lack of empathy for people that worked hard to build a life here, paid their taxes, and followed the law. They did nothing wrong, but are the targets of a population primed to take their economic woes and anger out on people simply living their life peacefully. | ||||||||||||||
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| ▲ | anigbrowl an hour ago | parent | prev [-] | |||||||||||||
(in theory) 7 new job vacancies and 7 more free homes No. Japan already has low unemployment and high overtime demands due to worker shortages, and property is already cheap (even in most cities other than Tokyo) due to a combination of falling population, complex construction/demolition codes, changing lifestyles, and a different view of asset classes/investment practices from the US. It's kinda like how nobody likes inflation (other than certain kinds of debtors) but a deflationary economy isn't a good solution to that problem. This will have a similar effect because the people leaving are likely to be the most culturally assimilated/affiliated with decent language skills etc., but their departure won't alleviate the demand for additional labor in industry and agriculture so there will probably still be a net increase in short-term and illegal foreign residency. | ||||||||||||||