The Japanese's economy will face another slump. The present leaders just do not have the fore-sight of their fore-fathers' visions. In the 60s/70s, their fore-fathers already fore-told what Japan would be in the 21st Century.. i.e. slump and more slump. For this, they encouraged their then Corporations to expand overseas and gave incentives for such a move. They set the philosophies such that Japanese companies will want to shift their expansion overseas with headquarters remaining in Japan; for example, the big Corporations then have a ruling that top managers must have exposures of oversea postings. They forged good relationships with their neighbors and offered loans and assistances whenever they could. When protectionism heightened, they made sure that they set up factories and produced to sell the goods in those countries using local labours and resources. Their fore-fathers' vision worked and Japan became World's number 2 economy. Today, the leaders have different visions, they antagonize their neighbors with very short visions and horizons only wanted to make profits; they tried to revive a broken economy that have no hope of recovery in near sight unless the people themselves are prepared to sacrifice. They are now on different path going against their fore-fathers' visions. The present leaders must learn why their fore-fathers are charting such visions and directions and what made Japan ticked during those golden years; if not, they will never succeed. They are naïve to think that by taking legislative actions such as the one shown belwo will improve their economy. Will people want to invest in Japan?
Japan considering exit tax to leave the country...Now the Japanese ruling party lawmakers are proposing an “exit tax” under which people with over ¥100 million ($857,000) in financial assets would have to pay a tax on any unrealized capital gains on those assets if they moved out of Japan. — 18 Dec 2014