July 16, 2010

SO THERE'S PLENTY OF OPPORTUNITY TO START A FAMILY AND A BUSINESS OUTSIDE OF TOWN...:

Japan's Provinces Are Withering Away: Tokyo keeps growing while rural areas lose people and jobs, further widening the disparity between the capital and non-urban areas. Budget cuts will accelerate rural decline (Aki Ito and Toru Fujioka, 7/15/10, Business Week)

On the block where Mika Nasu's clothing shop sits along the main street of Atami, a resort town 65 miles south of Tokyo, 13 of 19 stores are shuttered. "Recovery? What recovery?" asks Nasu, 50. "It just gets worse and worse."

Nasu's struggles are reflected in the Bank of Japan's Sakura Report, a regional survey akin to the Federal Reserve's Beige Book. In the July 8 report, companies from seven of Japan's nine regions expect business to worsen in the next three months. Kanto, the region that includes metropolitan Tokyo, is the only one where business anticipates any improvement.


...just no Japanese who do so.

Posted by Orrin Judd at July 16, 2010 6:01 AM
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