Seniors grow to 26% of population as Japan shrinks for fourth year straight | The Japan Times

English: An osteoporotic elderly women in Japan.

English: An osteoporotic elderly women in Japan. (Photo credit: Wikipedia)

This is an important article from the Japan Times. It’s a recommended read. Check it out!

via Seniors grow to 26% of population as Japan shrinks for fourth year straight | The Japan Times.

It’s interesting to look to the example of Japan and consider other advancing countries. Japan has an aging and falling population – so far Japan has not opened up her economy and society to widespread immigration.

What lessons can other maturing economies learn from Japan & vica versa?

Thoughts?

Why Japan’s factories, jobs aren’t coming back despite the weak yen | The Japan Times

Robologix robotics simulator.

Robologix robotics simulator. (Photo credit: Wikipedia)

English: robotics

English: robotics (Photo credit: Wikipedia)

English: robotics

English: robotics (Photo credit: Wikipedia)

English: Robotics at IIT Kharagpur

English: Robotics at IIT Kharagpur (Photo credit: Wikipedia)

Factory Automation with industrial robots for ...

Factory Automation with industrial robots for metal die casting in foundry industry, robotics in metal manufacturing (Photo credit: Wikipedia)

This is an important story from the Japan Times. It’s a good read. Check it out!

via Why Japan’s factories, jobs aren’t coming back despite the weak yen | The Japan Times.

There are significant parallels here for the Eurozone and the UK.

I remember well visiting a factory in Japan in the 1970s and my manufacturing colleague asked me to spot the differences from our UK factory. He responded there’s no difference, just the short-term thinking of Western management – we were part of a US multi-national, driven by quarterly earnings announcements.

Some years later, my applied doctorate was focused on Japan’s cost reduction strategies, like Target Costing.

However, I soon learned that there was an enormous difference between Japan’s major exporting companies, driven by innovation, and the rest of the economy.

Much of Japan’s economy, especially the service sector is heavily protected from effective competition. In this respect, it is similar to Europe.

Ultimately, it is best to open up to global competition but armed with an effective industry strategy, and a plan to improve worker productivity.

So why are Europe’s political classes, including the European Commission ignoring Best Practice?

Thoughts?