11/If you read Japanese, you can check out this book about it:https://www.amazon.co.jp/AKB48%E3%81%A8%E3%83%96%E3%83%A9%E3%83%83%E3%82%AF%E4%BC%81%E6%A5%AD-%E3%82%A4%E3%83%BC%E3%82%B9%E3%83%88%E6%96%B0%E6%9B%B8-%E5%9D%82%E5%80%89%E6%98%87%E5%B9%B3/dp/4781650236 …
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12/Next, Japan's long, punishing, often unproductive working hours continue to be a huge problem. There is a broad movement to address the issue, but it remains to be seen if that will change anything.http://www.bbc.com/news/business-39981997 …
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13/The country's suicide rate has fallen by about a third, but remains high compared to other rich countries.http://www.newsweek.com/japans-suicide-rate-finally-falling-new-report-finds-617309 …
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14/Anyway, back to Japan's broken corporate culture. As a result of little movement between companies over the course of people's careers, entry level salaries are low. Much of compensation is still based on age.https://soranews24.com/2014/04/08/can-you-guess-the-starting-salaries-at-popular-it-companies-in-japan/ …
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15/Long, unproductive hours in the office. Difficulty of mid-career moves. People trapped in dead-end jobs. In many companies, little chance to get ahead by doing well at your job. It's a broken corporate culture that needs to change.
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16/Often, whether you get a "full-time" or "contract" job out of college determines the trajectory of your entire career, with very few second chances. It's a corporate world of haves and have-nots. http://www.jil.go.jp/english/reports/documents/jilpt-reports/no.10_japan.pdf …
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17/Some companies have made progress toward changing this culture. https://www.bloomberg.com/view/articles/2017-08-15/for-the-sake-of-productivity-put-a-woman-in-charge … But they're still too few and far between. The government recognizes the problem, but is having difficulty changing decades of entrenched practice throughout the entire system.
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18/Because it doesn't have many super-rich people, Japan's inequality looks substantially lower than America's (but higher than Europe's). But poverty has risen in Japan, and is a big problem.https://www.theguardian.com/world/2017/jan/17/japans-rising-child-poverty-exposes-truth-behind-two-decades-of-economic-decline …
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Replying to @Noahpinion
IMHO measures of inequality in Japan fail because they focus far too much on inequality of income and assets, where income is in a very constrained range (especially for young'uns) and the largest asset of most Japanese households isn't financialized but is still an asset.
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Reputational/social capital at the firm employing the husband. There's some number, X, at which you could convince a salaryman to accept this deal: "You convert to a contract employee tomorrow and everyone treats you like a new hire, forgetting your entire career."
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Hmm sounds theoretical, also you can't spend or transfer that, so it's not an asset
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You can borrow against it, insure it, and lease it out, and it forms a majority of the household portfolio, so if it’s not an asset then the definition of asset is probably broken.
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