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A comment on Japan stocks plunge as much as 7% as Asia shares extend sell-off. Parent comment

Re:Japan stocks plunge as much as 7% as Asia shares extend s... by bamboozled on Monday August 05, 2024 @05:40AM (#41159529)
As someone who has a decent grasp on Japanese culture, I think your take is too conspiratorial. The issue is simpler than this. Japan has an extremely hierarchical society and authority must be respected. This isn't a great combination, especially when combined with a severely aging population.

Young people have very little chance to enter into politics or gain any traction at all. There is almost zero chance a 75 year old will vote for someone in their forties.

Combine that with the natural tendency for some to a lot of corruption among politicians and it's just a perfect storm of stagnation, corruption and vested interests, there is absolutely no US involvement required.

[ Parent | on HN ]
Re:Japan stocks plunge as much as 7% as Asia shares extend s... by bugglebeetle on Monday August 05, 2024 @06:00PM (#41166018)
This comment continues to be an entirely ignorant of the country’s modern history, which belies the claim that you have a decent grasp on Japanese culture. I recommend you spend some more time reading and less time making Orientalist claims of no substance.
[ Parent | on HN ]