For quite a while there i thought i was immune to the recession in Japan and maybe i still am. With the Australian dollar very low against the yen it puts me in a pretty good position to service a few investments back home … for as long as i’m earning in Japan that is.
So, it would be fair to say the current world economic situation is not my bag and i rely alot on main stream media like Time and CNN to tell me what’s hot and what’s not but really, i think the best judge of how it’s affecting the people that live here is to as them and on Twitter this morning i did.
@JeromeSadou meant “now” by the way
@TokyoDan is feeling it more OS than here.
@mopenronin had a lot to say, that’s how he rolls.
@kineda had an interesting observation.
@dannychoo is flying.
@Durf from up in the ski fields
@1rick doing his own thing and says here’s where the jobs are at.
So there you have it, the word from the street on the recession in Japan.
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{ 23 comments… read them below or add one }
I am seriously considering a move to Japan but if I do it will be dependent on whether I can get a job at Lakota AFB for US government. (as a civilian, not military)
Apparently it did hit me, though I don’t understand how or when, but shops don’t stock what I sell because of the recession. And I thought I was invincible
I chose to move to Japan at the worst time, savings are now 30% less if I chose to use them, and my salary (same as England, but now in Japan) is 30% less as I’m still being paid in Britain. Such is life, atleast it’s not grey here… hang on a minute
It’s a tough one when you get paid in foreign currency. I’ve had it both ways but thankfully for me now i’m earning yen and often saving in AU. Just don’t want to have to use the AU at any stage over here, that’s a killer .. effectively it’s been a 40% swing in the last year.
So far so good, though several intermediate suppliers have shut up shop which means extra work for yours truly setting up alternative API routings.
Having my own gig REALLY help’s during these times
Thank you Lord!!
I bet it does Chris …. in charge of your own destiny a bit more.
I work in the financial industry and it’s the norm to hear people are being cut. It’s actually one of the reasons why i am moving to Japan. If i get cut in NY than i have an over priced apartment to pay for (penthouse) which without my current job i would be F$R#ed. So i decided to move ahead of the curve and move to Japan so I can 1) learn a new language 2) Live in a house i already own 3) Find new business contacts with money waiting to be invested 4) open a new company
There is a turn around coming in the next year or two and i want to be well positioned for it.
My advice is don’t wait for the recession to hit you, hit the recession and use it to your advantage. It’s time to reinvent yourself.
Great outlook Jay …. couldn’t agree with you more, there’s plenty out there that will lay down like a dog but for those that have a crack this could be a very good time to capitalise.
Interesting post, Neil. Recession hasn’t affected me, but I’ll probably become busier cleaning up messes as positions at the lower end of the scale get eliminated while the overall workload stays the same.
Busier is good ….. same at my end, we’re all going to have to take on a little extra … much better than the alternative.
There are times when it’s great to be university student with financial support from the state. :>
yeah lost both my jobs :S and can’t get one that is well paid….right now i am living off my savings that would last me for a year or so..but that cash is for the car
gotta find something quick or i’m gonna have to start robbing people or selling dopo
If i do get the arse i’m led to believe there’ll be a nice package to ease the pain. It’s very tough to sack people here so the company does take care of you if it comes to that. i would then have to ride out the remainder of the downtime … living cheap in Australia or maybe kicking back on the beach in Thailand … now that wouldn’t be all that bad would it.
Thailand!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Actually i’m already heading there in July to meet up with my bro and some mates. 10 days R&R should be good fun.
Remember “Don’t ask, Don’t tell”
Recession is everywhere and every country is effected by this. But it is sad to know that Japan is under the influence because it will make a major difference in world economy.
At the moment it appears Japan isn’t in as bad shape as many others …. my comparison, things like the auto industry are 20% worse of with sales in the US than the Japanese market.
Really? Everything i read says Japan is at the forefront of the recession
I think they’re certainly in the shit but what i’m saying is GM and Ford both quoted figures of 45 – 50% downturn in sales for the last 3 months whereas Nissan was only 30% and actually had growth in 1 model … as an example. I’m sure Japan are screwed by other measures though.
Yea your right on the Auto Industry. GM shouldnt even be a company right now. It should go into bankruptcy or fail. No matter how much you pump a dead horse with medicine it’s still dead. If GM or Chrysler failed it would cause a consolidation in the industry which would give other “healthier” auto companies market share allowing them to ride out this downturn. By keeping these “Dead horses” alive it is causing the industry to fail and will keep failing until one or more fails anyway. Politics need to stay out of business.
It’s an interesting time. If GM closed it would certainly strengthen the Auto industry in Japan …… which affects me directly as i try desperately to hold on to my job!