Re:Bank of Japan Is an Estimated Top 10 Holder in 90% of the...
by toomuchtodo on Wednesday April 27, 2016 @05:22PM
(#11584679)
This hits the nail on the head. As a US citizen who has lived in the US for 32 years, I'd rather live in poverty in Japan than middle class in LA, SF, or NYC.
Things really are different in Japan, even in the impoverished parts. From the same Economist article: "The country has long prided itself on ensuring that none of its citizens falls between the social cracks. Japan’s orderly, slum-free neighbourhoods seem to confirm that. Street crime, even in Kotobuki, is minuscule. Unemployment is below 4% ... "
Compare that to the "choice parts" of downtown Los Angeles or the Tenderloin in SF. Despite many decades of fighting poverty, many many people still fall through the holes in the US social safety nets.
Japan also builds better cars.