This really helps us understand what is happening. I knew about this. One thing is missing from the analysis. Inflation. Make no mistake that is the silent tax.

Look at the young Japanese generations. I have been told by older Japanese people that the younger generation is worst off compared to past generations. Let that sink in: after WWII people were better off than generations today.

They can’t afford a 30 year mortgage, they go on generational mortgages, can’t afford a family, their pensions are so low they will always have to work.

They do not work for themselves.