World Business Report What are the key economic issues in Japan’s upcoming election?
7 snips
Jul 18, 2025 As Japan approaches its pivotal election, the pressure mounts from economic challenges, labor shortages, and changing demographics. Rising prices are sparking discussions about government handouts and immigration reforms. Meanwhile, the political landscape is shifting with new party dynamics. Global influences, like EU sanctions on Russia and U.S. interest rate strategies, are shaping local voter perceptions. Plus, a viral moment at a Coldplay concert ignites conversations about workplace culture and the importance of maintaining professional relationships.
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Inflation Hits Japan Hard
- Inflation is a new, serious concern in Japan after decades of deflation.
- Fixed-income pensioners feel the impact sharply, affecting the economy significantly.
Rice Prices Affect Sake Production
- Rising rice costs severely impact sake breweries, a key Japanese business sector.
- Breweries face raw material shortages as farmers switch to cheaper rice types, reducing sake production.
Aging Workforce Crisis in Japan
- Japan's aging population causes labor shortages especially in caregiving and agriculture.
- Low birth rates worsen the problem as fewer young workers enter the workforce.