Gendai.net (Japanese) reported (partial summary):
Last year, the number of bankruptcy cases went below 13,000 cases for the first time in 13 years. The number shows that corporate bankruptcies are going down. However, it turned out to be fake.
General Manager in Tokyo Shoko Research said, "Actually, companies which were closed down or stopped to do their business temporarily increased explosively. These cases are twice as many as the cases of corporate bankruptcies."
Since the disastrous earthquake in March 11, such cases have increased. Companies which closed down their business by themselves are not counted in the number of bankruptcy. However, this should be the same as bankruptcy. These cases can be counted as "invisible bankruptcy".
(unquote)
Some comments for this news online (rough summary):
- Great job, Democratic Party of Japan! You guys killed everybody except for government employees (who are very hated in Japan recently)
- Recently, big companies started to shift their factories and the number of jobs is getting less and less. In addition, yen is so strong. Thank you, DPJ. You guys contributed to the destruction of Japan (grin)
- DPJ which chose Shirakawa as a head of Bank of Japan is fully responsible.
- Winners are only white ants government employees and politicians (LOL)
- Daily life protection is much more profitable than running small businesses.
- In local areas, nobody goes to local shops to buy products. People buy online.
- There are quite a lot of empty offices in central areas of Tokyo, even in spaces right above subway stations. It seems that people who give up their real estates start to increase, so that many buildings are destroyed.
- I am also self-employed, and I start to lose even spirits to earn money. If I can earn around 300 million yen per year, it will be already enough. I will be just happy if I can live. I don't want to work harder like in the past any more, which is meaningless nowadays.
- Destroy DPJ!
- Soon, banks will recapitalize and financial crisis will take place.
(unquote)
Japanese yen has been pretty strong even after the big earthquake, tsunami and radiation contamination. However, a lot of Japanese people are suspicious and wondering why Japanese currency is so strong because real economic situation is pretty awful.
US economy and EU economy must be much more terrible, probably. However, in a few years (or earlier), a real crisis (economical) may come to Japan and Japanese yen may be much cheaper than now.
Now here in Japan, people cannot find a positive light at all, especially, for young people.
Wednesday, March 7, 2012
Tuesday, March 6, 2012
Temporary Workers Reach a Record High of 35%! (From Japan)
Nikkei newspaper reported last month:
According to a labor force survey in 2011 which was announced by Ministry of Internal Affairs and Communications in Japan, the percentage of temporary workers such as part-time workers and dispatched workers among people in employment reached 35.2%, up 0.8 point from the previous year. The percentage of temporary workers has hit a record high for two consecutive years. The number of those who are totally unemployed for more than 1 year are 1.09 million people, which reflects a tough job market.
(unquote)
The recent unemployment rate in Japan which was announced by Japan government is
4.6%.
However, most of Japanese don't believe it saying that it's a tricky statistic.
So many people are not counted in the denominator. For example, those who stopped to find a job, so-called "NEET" (not in education, employment, or training) and those who do not go to the official job agency (called "Hello Work") to find a job are excluded.
The real unemployment in Japan will be around 13% or so (maybe higher) in my personal feeling.
The number of those who applied for Daily Life Protection (similar to SSI in US) has hit a record high of around 2.09 million people and this number has been increasing rapidly. In addition, a big problem in this trend is that the number of working generations such as 40s and 50s who apply for Daily Life Protection has been explosively increasing.
Considering these real social environments, it is no wonder why apathy and sense of powerlessness are pervasive in many young people in Japan.
According to a labor force survey in 2011 which was announced by Ministry of Internal Affairs and Communications in Japan, the percentage of temporary workers such as part-time workers and dispatched workers among people in employment reached 35.2%, up 0.8 point from the previous year. The percentage of temporary workers has hit a record high for two consecutive years. The number of those who are totally unemployed for more than 1 year are 1.09 million people, which reflects a tough job market.
(unquote)
The recent unemployment rate in Japan which was announced by Japan government is
4.6%.
However, most of Japanese don't believe it saying that it's a tricky statistic.
So many people are not counted in the denominator. For example, those who stopped to find a job, so-called "NEET" (not in education, employment, or training) and those who do not go to the official job agency (called "Hello Work") to find a job are excluded.
The real unemployment in Japan will be around 13% or so (maybe higher) in my personal feeling.
The number of those who applied for Daily Life Protection (similar to SSI in US) has hit a record high of around 2.09 million people and this number has been increasing rapidly. In addition, a big problem in this trend is that the number of working generations such as 40s and 50s who apply for Daily Life Protection has been explosively increasing.
Considering these real social environments, it is no wonder why apathy and sense of powerlessness are pervasive in many young people in Japan.
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