Davos 2016 - Japan's Future Economy
http://www.weforum.org/ How will the Fourth Industrial Revolution revitalize Japan's economic growth potential? On the agenda: - Progress of Abenomics reforms - Regional economic collaboration - Boosting technology-driven productivity Speakers: -Akira Amari, Minister for Economic Revitalization and Minister for Economic and Fiscal Policy of Japan. -Takeshi Niinami, President; Chief Executive Officer; Member of the Board; Representative Director, Suntory Holdings, Japan. -Adam Posen, President, Peterson Institute for International Economics, USA. Moderated by Francine Lacqua, Editor-at-Large and Presenter, Bloomberg Television, United Kingdom.
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If we look at the numbers, corporate taxes get lower personal income tax gets higher, because Japanese people are less likely to get out of Japan due to language and culture obstacles, which means people need to work harder to support themselves. With an aging population, people will need to work harder to support the society too. That puts stress on people and younger generations are less likely to have babies, so population keeps declining. It does not look rosy
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