最初由 msft 发布
Another thing about Japan, their people have been used to life-long employment. It's not unusual to see many people only work for one company before retirement. This, along with the structural problem in their financial system, made them less competitive.
You can see what Japan's government has been doing to pull its economy out of the long long recession for the past decade - reforming financial system and changing the old and "happy" way of employment. Now, layoff is not a rare thing in Japan, although not comparable to that of US. But still, they are changing. Thanks to their solid welfare system, people don't feel a lot of pain during the transition.
By the way, Japan's central bank is proven to be one of the most effecient central banks to control its currency. Remember, in Japan, it's a free market for foreign exchange. Now, Japan seems to be grdually getting out of the mud.
My question is, when the real estate price fell sharply in Japan, were there many people from outside Japan invest in the RE market since the price was good?