Japan does not culturally treat housing and homeownership as a store of wealth the way America has for most of a century and as a result, all of its downstream policies like taxation, subsidies, zoning, etc. don’t enable housing to appreciate disproportionately faster than wages.https://twitter.com/hblodget/status/1133539607264550914 …
What did you see was culturally encouraged as a way of generating or saving wealth?
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A larger shift towards risk taking and entrepreneurship as older demographics age out of the work force, and more VC/Capital markets support to make this happenpic.twitter.com/DmN0aCQYfl
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But there’s still basically no VCs in Japan other than 500, 8 roads and corporates
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