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Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by Cthulhu_ on Tuesday February 02, 2016 @08:16AM (#11019224)
Wouldn't it be acceptable to just accept a shrinking economy and change policies in such a way to deal with it? i.e. shrink the police and armed forces, public services, cut needless spending, etc. Become more frugal as economy allows.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by ArkyBeagle on Tuesday February 02, 2016 @06:29PM (#11023571)
In general, it would not be acceptable. "A shrinking economy" can be interpreted as deflationary, and deflation destabilizes regimes in favor of something akin to "strong man" dictatorships. See the interwar period in the 20th century for details.

If you swing the value of holding just currency to where it grows relative to goods without doing anything, then people won't do anything. This spirals. Since nothing is being done, there's no work. You might have a black/grey market economy spring up but don't tell anybody about it.

Specific to Japan, I am not sure. Depends on whether the demographic slack is permanent or temporary.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by hackerboos on Tuesday February 02, 2016 @08:30AM (#11019287)
The key phrase here was 'aging population'. If the majority of Japan's population are retired then there will still be a huge deficit.

Japan needs to bite the bullet and accept immigration as part of its economic strategy.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by aikah on Tuesday February 02, 2016 @08:43AM (#11019341)
> Japan needs to bite the bullet and accept immigration.

Immigration isn't going to solve anything, immigration from where ? Japan isn't the US, they aren't talking English nor their society is build in a way it can accept huge immigration waves.

Japan needs to work on techs that will solve its problems, not resort to a massive immigration wave that will only kick the can down the road.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by mistermann on Tuesday February 02, 2016 @09:24AM (#11019554)
Not to mention the change immigration could potentially cause in day to day life. In my opinion one of the best things about Japan is the homogeneous and pleasant (in most but not all ways) culture - if I lived there voting for increased immigration would be one of the absolute last resort measures I would vote for.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by hackerboos on Tuesday February 02, 2016 @09:31AM (#11019582)
Alternatives include raising Japan's retirement age from 60 to 70, because they're already raising it to 65 and that's not going to be good enough to deal with the inevitable fiscal situation.

Edit: A lot of people saying "immigration won't work" but not offering alternative solutions.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by oldmanjay on Tuesday February 02, 2016 @12:18PM (#11020780)
That homogeneous and mostly pleasant culture is killing itself, apparently. We may get to witness a nation commit suicide, which ought to be interesting from the outside.

I hope the insularity ends up being worth it for them, but history is not on their side.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by brobinson on Tuesday February 02, 2016 @12:40PM (#11020934)
>That homogeneous and mostly pleasant culture is killing itself, apparently.

No, this is literally the post-WW2 boom dying off. Occupied Japan underwent a period of extreme population growth in the few decades after WW2 ended. They currently have 125mm people living in a land area the size of California which is 75% uninhabitable (mountains).

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by Larrikin on Tuesday February 02, 2016 @10:13AM (#11019863)
In my experience, the immigrants and foreign workers in Japan in the highly skilled jobs often don't need much Japanese to do their jobs, but the ones that learn the language have a much easier time and obviously advance quicker. All the people I came in to contact with low skill jobs that had spent any time in Japan, had amazing Japanese because they absolutely needed it because the vast majority of people do not speak any meaningful amount of English.

Japanese is not an easy language to learn, but its not impossible to learn. If people are allowed in then they will learn Japanese

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by pythia__ on Tuesday February 02, 2016 @09:19AM (#11019510)
They recently tried to bring over Brazilian Japanese immigrants but were sufficiently dissatisfied with the results to pay them to leave.

http://www.nytimes.com/2009/04/23/business/global/23immigran...

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by Adam_O on Tuesday February 02, 2016 @09:32AM (#11019587)
Thinking out loud.. the Olympics in 2020 will be a good chance to showcase the country as an attractive destination, not just for tourism. They could loosen their immigration policy to coincide with the timeline.

It would still be tricky because as a society Japan is famously homogeneous, so the idea of diversity would have to be phased in slowly.. but it could be a starting point. In the end it's about adaptation to ensure a future for the country.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by Amezarak on Tuesday February 02, 2016 @12:00PM (#11020642)
> In the end it's about adaptation to ensure a future for the country.

I think that most Japanese would believe that a future Japan that wasn't majority Japanese was no future at all.

From the nationalist perspective, you're essentially saying "to save Japanese society we must destroy Japanese society." To these people Japan is more than just an island, it is Japanese.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by Nadya on Tuesday February 02, 2016 @12:55PM (#11021065)
I really can't agree with you enough. What's troubling though is that any ideas of nationalism are often confused with extreme right-wing or jingoism, largely (and possibly rightfully) due to history. So it sounds bad to even say Japan is a nationalistic society.

But you've hit the nail on the head - and it is something many foreigners have little to no concept of. Being proud of one's cultural heritage and history. Even if that means recognizing the bad stains on the tapestry.

I've recognized the ones who have the worst problem with nationalism are those who are completely full of guilt of their own culture/history.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by nostrebored on Tuesday February 02, 2016 @03:15PM (#11022159)
Except Japan is astoundingly horrible at recognizing "bad stains on the tapestry" like the Rape of Nanking and comfort women (in fact calling the now elderly women who were abducted and raped prostitutes with an agenda). Nationalism is a cancer and you're blind to it because of your country's thorough inculcation.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by smcl on Tuesday February 02, 2016 @09:57AM (#11019737)
I don't understand why you are getting downvoted - there's nothing controversial or ridiculous about this suggestion. Unlikely perhaps, for reason stated elsewhere in the thread but that's another matter entirely.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by vetinari on Tuesday February 02, 2016 @08:37AM (#11019326)
Immigration will not solve the problem of aging population. In a generation or two, the immigrants would face exactly the same problem.

Because with immigration, you didn't solve the underlying cause of why people don't have kids. You just muddled the observable status for a while.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by true_religion on Tuesday February 02, 2016 @11:31AM (#11020426)
In politics, pushing the need to solve a problem into the distance for 30-40 years is a good thing.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by yuiyui on Tuesday February 02, 2016 @10:25AM (#11019959)
> you didn't solve the underlying cause of why people don't have kids.

Exactly. And the cause is the mutually reinforced effect of capitalist consumerism and feminism.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by SolaceQuantum on Tuesday February 02, 2016 @10:45AM (#11020113)
I don't see how capitalism or feminism is the cause of Japan's low birth rate. Could you explain?
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by vetinari on Tuesday February 02, 2016 @11:04AM (#11020246)
Capitalism could be indirectly responsible.

One of the causes why people postpone having children is financial insecurity. In their mid-twenties they cannot afford to have a home, they are unable to secure the costs of first few years of raising child, when they don't know if they will have a job in three months and they have zero savings. Add student loans to the mix, popular desires to travel the world, to "live" and it's obvious why the developed countries have problems with natality.

One of the reason of population boom in Czechoslovakia in 1970's was the policy of support of young families. Newly wed pairs were were provided security, they got their own homes, they had job security[1], they got financial support for raising children. It wasn't a luxury, you couldn't lead a lavish life, but you knew that if you have a child, everything will be OK.

[1] we are abstracting from the fact, that in socialist countries it was unlawful to be jobless. You were provided a job, but it didn't have to be a one you would like.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by SolaceQuantum on Tuesday February 02, 2016 @11:15AM (#11020332)
Does Japan have the same issues with student loans and such that USA might have?

Otherwise, thank you for the explanation and I do apologize for my ignorance.

(Also, I'm still confused about the feminism thing)

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by vetinari on Tuesday February 02, 2016 @11:31AM (#11020429)
With the feminism thing, it was some other guy, won't help you much with that, sorry. I'm ignorant about that too.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by zhemao on Tuesday February 02, 2016 @01:35PM (#11021364)
Might be referring to the fact that many Japanese women choose not to marry and have kids because it is essentially career suicide. There's a very strong cultural bias against working mothers in Japan.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by bigmanwalter on Tuesday February 02, 2016 @01:08PM (#11021152)
I think he meant the whole thing where women can now decide if the want to keep the baby or not.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by SolaceQuantum on Tuesday February 02, 2016 @01:23PM (#11021273)
Women have always been able to decide, with terrible consequences. Putting up your baby for adoption or abandoning it at an orphanage is pretty old?
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by bigmanwalter on Tuesday February 02, 2016 @10:01PM (#11024482)
Except for the whole part where they would get ostracized from society if people were to find out that they abandoned their child?
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by gozur88 on Tuesday February 02, 2016 @09:19PM (#11024316)
Immigration brings bigger problems than it solves. Japan would be better of accepting a lower standard of living than encouraging immigration.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by tosseraccount on Tuesday February 02, 2016 @08:36AM (#11019322)
Maybe Japan thinks it can benefit more from less congestion and higher wages.

"Poor Fiscal policy" is likely a better explanation.

If they need to "bite the bullet"; how about balancing the budget?

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by augustnagro on Tuesday February 02, 2016 @09:40AM (#11019617)
Very few countries, communities, or individuals are willing to accept a fate of involuntary, slow recession.

As suggested by previous commentators, social policies could possibly play a larger role in the long term Japanese recovery than fiscal stimulus. Opening the country to immigration may help rejuvenate the workforce, but would require significant upheavals of xenophobic Japanese culture. The government could use economic measures to encourage childbirth, but at a population density of 869 people per square mile, one must wonder how many more citizens the island can accommodate.

The rational assumption that Japan should "bite the bullet ... [and] balance the budget" is not what the country will do, as the circumstances of its plight encourage irrationality.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by yuiyui on Tuesday February 02, 2016 @10:22AM (#11019939)
> Japan needs to bite the bullet and accept immigration as part of its economic strategy.

What strategy?

Getting replaced?

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by xyzzy4 on Tuesday February 02, 2016 @10:00AM (#11019765)
Or ban birth control, abortion, porn, and have more arranged marriages.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by guard-of-terra on Tuesday February 02, 2016 @10:16AM (#11019882)
Do you have even one case where this has worked? You can outright drown your horse but even that won't necessarily make it drink.

Making people miserable is rarely a good strategy unless you're building ISIS.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by ido on Tuesday February 02, 2016 @01:09PM (#11021161)
I believe Communist Romania tried something like that to devastating effect: https://en.wikipedia.org/wiki/Decree_770
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by VLM on Tuesday February 02, 2016 @10:06AM (#11019809)
Is a Japan without any Japanese people still Japan? Culturally would modern Japanese tolerate a cultural mass suicide or did that go out of style at the end of WW2? USA has been talked into it, but would that work on modern Japanese?

Meanwhile there's a weird undercurrent of racism, if we just take Japan 2016 and person for person swap out for obviously superior foreigners (imperialism?) then magically everything is supposed to be better. However, in reality, that would obviously not be the case. If an Asian guy is sitting in a broken car, and the driver is removed and replaced with a foreigner, the car is still going to be just as broken. Likewise if the Japanese abandon their land and culture, that doesn't mean anyone else will necessarily do a better job of running the place. Or if there is a better way to run the place, they could save everyone a lot of bother, and implement it themselves.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by oblio on Tuesday February 02, 2016 @10:14AM (#11019867)
Mmmm... the Japanese have problems even reintegrating Japanese Brazilians, i.e. Japanese who have moved to Brazil.

That reeks more of Japanese xenophobia than of some "Western imperialist racist conspiracy" to destabilize Japan.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by amyjess on Tuesday February 02, 2016 @03:32PM (#11022271)
GP used the phrase "cultural mass suicide" and then accused the west of doing that.

That's an alt-right white nationalist shibboleth.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by yuiyui on Tuesday February 02, 2016 @10:29AM (#11020000)
> Mmmm... the Japanese have problems even reintegrating Japanese Brazilians,

That's no problem of the Japanese, but of the immigrants. They're the newcomers, they're the ones who should be putting all the effort to assimilate into the host culture.

And it isn't happening, not even with descendants of Japanese. Imagine what would happen with a radically different culture (no need to imagine, just look at Europe).

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by _nedR on Tuesday February 02, 2016 @12:33PM (#11020894)
>"That's no problem of the Japanese, but of the immigrants. They're the newcomers, they're the ones who should be putting all the effort to assimilate into the host culture."

This rigidity and inflexibility is going to be the biggest problem facing Japan when they inevitability reach the population cliff. What you are asking for is unreasonable. There is no way immigrants can ever completely assimilate to that degree. The cultural gap and linguistic distance is simply to big. It doesn't help that Japan has historically been isolationist and based on anecdotal evidence, still seems to be pretty xenophobic. At best, you could hope for a compromise, where the immigrants do their best to integrate, and hosts make compromises and try to be more accomodating. You could try taking immigrants from nearby regions where the gap is conceivably smaller, but politics and history will get in the way.

Ultimately there seems to be no good solutions on the horizon. You will just have to pick the least worst from a selction of poor ones:-

1. Ignore the problem and see what happens. 2. Begin a reasonable program of immigration that suits Japan (there are number of ways to go about this), and deal with the problems that will come with it. 3. Try and hope for some technological breakthrough.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by danans on Tuesday February 02, 2016 @11:04AM (#11020248)
Why would a slightly more open immigration policy result in a Japan without any Japanese people? Nobody is proposing Schengen-agreement style open borders, anyways.

The culturally (and racially) homogeneous state is a myth. Even the Japan you might perceive as homogeneous is the result of many waves of migration stretching to pre-history (Jomon, Ainu, Yayoi, Chinese...)

Places that have relatively open borders (EU, US) aren't experiencing anything like "cultural mass suicide" - unless you buy the nationalist rhetoric coming out of right wing and neo-nazi camps.

All cultures are evolving, including Japan. Sometimes it is gradual, and sometimes it is faster (your example of WWII). Healthy societies accept that change is natural, and try to make sure that it happens in a constructive way.

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by danans on Tuesday February 02, 2016 @01:16PM (#11021212)
If you're going to downvote, you should provide an explanation.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by guard-of-terra on Tuesday February 02, 2016 @01:20PM (#11021244)
You're compounding multiple weak statements together, making responding to them all infeasible, people downvote and move on.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by danans on Tuesday February 02, 2016 @01:26PM (#11021303)
Thank you.
Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by atmosx on Tuesday February 02, 2016 @08:37AM (#11019325)
You sure you realized what's the problem?! Because the solutions you're proposing will only going to make it worse (really quickly, really fast).