All About Japan with News and Opinions
Thursday September 9th 2010

Chinese will be richer than Japanese by Robert Fogel



robertToday I read an interesting news about Japan and China. American economist, Robert Fogel, seemed to have reported his foresight about Chinese income level in 2040.

He says that the Chinese will be far richer than the Japanese then. He also  foresee that the USA would be still the richest country in the world even China become the super power of the world.

As a Japanese reader, it’s acceptable news. Not a surprising analysis.  I don’t think the Japanese are rich. We are always struggling hard to survive our life and many are called “working poor”, who can’t even earn the living cost with all they are working all the day and night.

I don’t know about the impression of Japan on the statistics, but our actual life is far from rich life.  Japanese currecy is a little stronger than the past because of the US dollar’s black time.  But inside Japan is not settled at all.

Probably New Zealand or Australia is far better than Japan in the sense of QOL.  If my impression is correct, the USA is almost the same as Japanese situation, I think. Small percentage of people are really rich, but others are always struggling for a simple life.

If China is belived to be growing richer than Japan, it’s not surprising at all.  China has great potentiality and labour power. It’s natural for China to be like that.  I’m fine.

If Japan becomes poor country, it’s better for us to stay clam. If we can change our life styles from demanding life to mind life, the concept of rich or poor will be losing it’s values for human life.

Japanese economic prosperity is over and it’s time for China, India or more new powers.  Japanese need to learn the new way of thinking about our life.