Latest / Real Gaijin — Japan’s Business, Culture & Life Podcast: A podcast about Japan’s economy, work culture, foreign residents, regional revitalization, and the people shaping the country’s future. / 🍻 Cheers to Everyone Who Joined the 3rd Halloween Edition of “Beers with Real Gaijin” -- Let’s Talk Japan (S-01, E-03)
Transcript
- 0:02SPEAKER_01: All right, it's nine o'clock.
- 0:03SPEAKER_01: Hey, I'm Mark Kennedy.
- 0:05SPEAKER_01: Thank you very much for joining.
- 0:06SPEAKER_01: This is the third session of Beers with Real Gaijin,
- 0:10SPEAKER_01: where we,
- 0:11SPEAKER_01: in an informal setting with no specific agenda,
- 0:14SPEAKER_01: you've got a little bit of an agenda going on,
- 0:16SPEAKER_01: with the review of the past work for the past months,
- 0:20SPEAKER_01: and specifically if you have any questions.
- 0:22SPEAKER_01: But you don't have to limit your questions to that.
- 0:25SPEAKER_01: It can be anything you want, so just use the chat functionality to do that.
- 0:29SPEAKER_01: Thank you for joining.
- 0:30SPEAKER_01: I see we have seven people already.
- 0:32SPEAKER_01: Right on time.
- 0:33SPEAKER_01: Perfect.
- 0:34SPEAKER_01: So, as you know,
- 0:36SPEAKER_01: we're trying to do a Halloween edition a little bit early,
- 0:39SPEAKER_01: about six days early from the real Halloween.
- 0:41SPEAKER_01: But to get you in the spirit,
- 0:43SPEAKER_01: I've got a jack-o'-lantern and carried from Chicago,
- 0:46SPEAKER_01: which is where I'm from, even though it's plastic.
- 0:50SPEAKER_01: But it'll suffice in Japan.
- 0:52SPEAKER_01: And this is to get you in the mood.
- 0:54SPEAKER_01: But, of course, what really gets you in the mood is you need your beer.
- 0:58SPEAKER_01: And tonight, My beer is Kirin Ichiban, but this is a very healthy choice.
- 1:03SPEAKER_01: It goes to zero, so no sugar.
- 1:07SPEAKER_00: I wonder if it tastes okay.
- 1:08SPEAKER_00: Let me see.
- 1:13SPEAKER_01: Pretty good.
- 1:14SPEAKER_01: Pretty good.
- 1:14SPEAKER_01: So we're going to be drinking beer while seriously going over some of the essays
- 1:20SPEAKER_01: from the past month.
- 1:21SPEAKER_01: Figure that out.
- 1:23SPEAKER_01: Hey, what are you drinking?
- 1:25SPEAKER_01: Please share it in the chat.
- 1:26SPEAKER_01: I'm curious to know.
- 1:27SPEAKER_01: What is your favorite kind of beer?
- 1:29SPEAKER_01: Also, without further ado,
- 1:31SPEAKER_01: I not only have this jack-o'-lantern,
- 1:33SPEAKER_01: but I also have something from Chicago that we used to use in our house.
- 1:42SPEAKER_01: And we put this decoration out to attract or dissuade young trick-or-treaters from coming by.
- 1:49SPEAKER_01: But let me see if it still works.
- 1:51SPEAKER_00: It's pretty loud.
- 1:53SPEAKER_00: Ooh.
- 2:02SPEAKER_00: This is loud.
- 2:05SPEAKER_00: I've got to turn it off, okay?
- 2:07SPEAKER_00: Yes.
- 2:10SPEAKER_01: All right.
- 2:11SPEAKER_01: Unplug that one.
- 2:12SPEAKER_01: But, yeah,
- 2:12SPEAKER_01: we used to leave that out all night for Halloween,
- 2:16SPEAKER_01: and it would attract all sorts of trick-or-treaters who would be scared to death
- 2:20SPEAKER_01: because it goes quiet, and then all of a sudden, real loud, it scares people.
- 2:25SPEAKER_00: But this is a little bit more subdued jack-o'-lantern here.
- 2:30SPEAKER_01: So, once again,
- 2:31SPEAKER_01: I want to encourage you to use the chat functionality to put in any questions
- 2:35SPEAKER_01: or comments, and I'll address those right away.
- 2:38SPEAKER_01: Otherwise, let's jump into a couple of things.
- 2:42SPEAKER_01: First of all,
- 2:43SPEAKER_01: I know you've probably noticed this
- 2:45SPEAKER_01: if you've been reading what I've been putting out for about a month and a half now,
- 2:48SPEAKER_01: but coming up on November 5th in the evening in Sugamo,
- 2:53SPEAKER_01: So in the northern part of the middle part of Tokyo,
- 2:56SPEAKER_01: we're going to have the very first Japan-based Substackers in real life IRL meetup.
- 3:03SPEAKER_01: And you are invited.
- 3:05SPEAKER_01: So if you're available on Thursday,
- 3:07SPEAKER_01: November 5th,
- 3:09SPEAKER_01: anytime between about 5, we're going to start to run probably about 9.30.
- 3:14SPEAKER_01: There are now,
- 3:15SPEAKER_01: along with me,
- 3:16SPEAKER_01: 15 other hosts who are active Substackers that are co-hosting the event with me.
- 3:22SPEAKER_01: You can meet all of them.
- 3:23SPEAKER_01: In the informal setting, we're probably going to have just a lively cocktail session with food.
- 3:30SPEAKER_01: And you need to buy a ticket in advance so you pay for the dinner.
- 3:33SPEAKER_01: But you'll have more than enough food there.
- 3:35SPEAKER_01: And also,
- 3:36SPEAKER_01: while you can drink two different varieties of tickets,
- 3:39SPEAKER_01: you can have the kind that costs just a little bit more for an adult beverage.
- 3:43SPEAKER_01: And I'm assuming,
- 3:44SPEAKER_01: of course, there'll be beer, but wine and maybe shochi or whatever, sake on tap.
- 3:50SPEAKER_01: And then also we have a non-alcoholic drink ticket as well.
- 3:54SPEAKER_01: It's a little bit less expensive, but plenty of food.
- 3:56SPEAKER_01: It's in a great venue called Cafe Glasgow, which is near Sugamo Station.
- 4:02SPEAKER_01: So it should be, and we've rented the entire place out.
- 4:05SPEAKER_01: So it'll be just us.
- 4:07SPEAKER_01: We welcome all fellow writers, readers, or whoever in between here.
- 4:13SPEAKER_00: And the idea is to interact with all of us.
- 4:16SPEAKER_01: Probably in the middle of the event, we'll schedule a little bit of time.
- 4:19SPEAKER_01: For each of the co-hosts to introduce themselves on their books or their writing.
- 4:24SPEAKER_01: Some of them actually will be bringing their books for book signing and
- 4:28SPEAKER_01: if you're interested in buying it.
- 4:29SPEAKER_01: So please definitely take us up on this.
- 4:33SPEAKER_01: You can find links to this on my Substack and actually all of the other writers
- 4:37SPEAKER_01: that are co-hosting the event.
- 4:39SPEAKER_01: All of their Substacks are listed in the invitation,
- 4:42SPEAKER_01: but they've been helping to promote the event.
- 4:45SPEAKER_01: We have,
- 4:46SPEAKER_01: to date,
- 4:46SPEAKER_01: a total,
- 4:47SPEAKER_01: just under 40 tickets,
- 4:49SPEAKER_01: which leaves about a little bit more than 15 tickets left, so they're going quickly.
- 4:54SPEAKER_01: If you haven't gotten your ticket yet and you're still available for November 5th,
- 4:59SPEAKER_01: please don't wait.
- 5:01SPEAKER_01: Go to the link where you can buy your ticket through P-A-T-X.
- 5:04SPEAKER_01: You have to get a ticket into Grants and...
- 5:07SPEAKER_01: Also, if you're a writer and you would like me on Substack to,
- 5:11SPEAKER_01: if you want to become a co-host along with us, you are welcome.
- 5:14SPEAKER_01: Everyone is welcome here.
- 5:16SPEAKER_01: Also, one last thing about the cost of the ticket.
- 5:18SPEAKER_01: We're not making any money on this.
- 5:20SPEAKER_01: The exact cost of the ticket is exactly what we're going to pay the venue.
- 5:24SPEAKER_01: So this is a no-profit event.
- 5:26SPEAKER_01: You can take my word on that.
- 5:28SPEAKER_01: I'll give you the receipts if you need to see it.
- 5:30SPEAKER_01: All right.
- 5:30SPEAKER_01: Let's jump into it.
- 5:31SPEAKER_01: If you've got a... Ah.
- 5:34SPEAKER_01: Drinking a real drink.
- 5:35SPEAKER_01: Gin with Sudachi.
- 5:36SPEAKER_01: Oh.
- 5:36SPEAKER_01: Oh.
- 5:37SPEAKER_01: Okay, getting into the spirit.
- 5:39SPEAKER_01: Well, tonight I've got Kirin Ichiban with no sugar.
- 5:43SPEAKER_01: But in order to keep me company here, I've got my trusty jack-o'-lantern.
- 5:48SPEAKER_01: And a little later on, we'll put that loud Halloween display back on.
- 5:55SPEAKER_01: But let's get into it here.
- 5:56SPEAKER_01: A couple of things that I've been writing about for the past month,
- 5:59SPEAKER_01: which hopefully you've taken that look at.
- 6:03SPEAKER_01: The first one,
- 6:04SPEAKER_01: which came out on October 1st,
- 6:06SPEAKER_01: right after we did this Real Gaijin,
- 6:09SPEAKER_01: our beers with Real Gaijin last month, is called Geographic Triage, How Japan Inc.
- 6:13SPEAKER_01: Stopped Pretending the Countryside is Growing.
- 6:16SPEAKER_01: What prompted this is some of the biggest brands in the country,
- 6:21SPEAKER_01: so for example, Uniqlo,
- 6:24SPEAKER_01: Daiwa House,
- 6:25SPEAKER_01: For example,
- 6:26SPEAKER_01: they have recently announced plans to reduce their footprint
- 6:31SPEAKER_01: in certain geographies around the country.
- 6:33SPEAKER_01: Daiwa House is probably the most extreme example.
- 6:36SPEAKER_01: About a month ago,
- 6:38SPEAKER_01: they made an announcement that they will only be concentrating on
- 6:41SPEAKER_01: the domestic market for new housing construction in the largest cities in
- 6:46SPEAKER_01: the country.
- 6:47SPEAKER_01: So that means that in smaller areas like where I live,
- 6:53SPEAKER_01: in Kyushu,
- 6:54SPEAKER_01: They're only going to focus on Fukuoka and Kumamoto,
- 6:58SPEAKER_01: and they're going to be closing the branch of their office near me.
- 7:02SPEAKER_01: So that's pretty interesting.
- 7:03SPEAKER_01: And what's also the background of all this is it's not as though they're doing this
- 7:07SPEAKER_01: because they're not having good financial results.
- 7:10SPEAKER_01: They're actually having outstanding financial results,
- 7:12SPEAKER_01: not only in the big cities of Japan, but also overseas.
- 7:17SPEAKER_01: But they've got a new president,
- 7:18SPEAKER_01: and this is a very bold move for a Japanese firm to basically...
- 7:24SPEAKER_01: Pull back from the countryside.
- 7:27SPEAKER_01: And Uniqlo, one of Japan's most iconic brands, is basically doing the same thing.
- 7:31SPEAKER_01: They're not totally abandoning the countryside,
- 7:34SPEAKER_01: but they're definitely focusing their resources on the big flagship stores in
- 7:39SPEAKER_01: the big cities.
- 7:40SPEAKER_01: And those are just two examples.
- 7:41SPEAKER_01: There are many other examples that I put in the paper.
- 7:45SPEAKER_01: But I don't know, I mean, if you're living in Tokyo, you might not notice this as a big deal.
- 7:51SPEAKER_01: But for me, out in the countryside, I've been noticing that this is a pretty big shift.
- 7:57SPEAKER_01: So the demographic changes of Japan,
- 8:00SPEAKER_01: meaning the shrinking population,
- 8:01SPEAKER_01: particularly in the rural parts of the country,
- 8:04SPEAKER_01: are starting to really inform corporate boardrooms about where
- 8:08SPEAKER_01: to put their resources.
- 8:10SPEAKER_01: And it's resulting in changes in their footprints for stores around the country.
- 8:15SPEAKER_01: Well, same thing is happening with banks.
- 8:17SPEAKER_00: So I like the Mitsubishi, biggest bank in the country, Mitsubishi, UFJ.
- 8:22SPEAKER_00: They're also closing branches in the countryside.
- 8:27SPEAKER_01: So anyway, that was the first article.
- 8:29SPEAKER_01: I don't know if you have any comments or questions about that,
- 8:31SPEAKER_00: but I found that to be particularly relevant to where I live.
- 8:36SPEAKER_01: Now, of course, if you're in Tokyo, then
- 8:38SPEAKER_00: it's no big deal.
- 8:39SPEAKER_01: Next one that we wrote about was Japan's AI labor paradox,
- 8:45SPEAKER_01: why companies are automating without firing.
- 8:47SPEAKER_01: So if you're keeping up with the AI issue in the news,
- 8:53SPEAKER_01: which is pretty hard to not keep up with it since it's everywhere,
- 8:57SPEAKER_01: it seems like,
- 8:58SPEAKER_01: particularly back in my home country of the United States,
- 9:02SPEAKER_01: the general fear about AI is that it's going to take white collar jobs
- 9:07SPEAKER_00: and You know,
- 9:08SPEAKER_00: frankly,
- 9:09SPEAKER_00: despite the fact that the people that are
- 9:11SPEAKER_00: running AI firms say, oh, no, no, we're not going to do that.
- 9:15SPEAKER_01: And it certainly seems like that is actually starting to happen.
- 9:18SPEAKER_01: Although there is not a lot of empirical evidence yet to suggest that
- 9:21SPEAKER_01: that is actually happening.
- 9:23SPEAKER_01: What probably is happening in the meantime is new hires are being slowed
- 9:29SPEAKER_00: and people
- 9:29SPEAKER_00: that already have a job are being asked to
- 9:32SPEAKER_01: apply AI to their work,
- 9:34SPEAKER_01: possibly with the ultimate intention of putting themselves out of a job.
- 9:38SPEAKER_01: Anyway, it's basically,
- 9:40SPEAKER_01: at least in the United States,
- 9:42SPEAKER_01: the general thinking is,
- 9:43SPEAKER_01: oh, AI is a scary thing because it's going to take away our opportunities at work.
- 9:48SPEAKER_01: The question I posed in this article is, well, what about Japan?
- 9:52SPEAKER_00: And what's interesting here is that at least it's still early days, first of all.
- 9:58SPEAKER_01: But among some of the larger companies like Sonpo Japan,
- 10:01SPEAKER_01: for example,
- 10:02SPEAKER_01: an insurance company that are applying AI,
- 10:05SPEAKER_01: what they're doing is it's kind of similar to not hiring.
- 10:09SPEAKER_01: They're using it not to take jobs away,
- 10:14SPEAKER_01: but to augment existing jobs to make more efficiency in the workplace.
- 10:19SPEAKER_01: But then at the same time, they're not backfilling positions.
- 10:22SPEAKER_01: So it's basically...
- 10:25SPEAKER_01: Right-sizing with the aid of AI through attrition,
- 10:28SPEAKER_01: meaning they're not going to be hiring replacements.
- 10:32SPEAKER_01: So it's kind of similar to what's happening in the United States.
- 10:34SPEAKER_01: That's one avenue.
- 10:36SPEAKER_01: Maybe you have a different viewpoint on this,
- 10:38SPEAKER_01: but the general thinking in Japan is there aren't enough people Right now to do
- 10:43SPEAKER_01: a lot of the grunt work that would normally be done by younger associates.
- 10:49SPEAKER_01: So therefore,
- 10:50SPEAKER_01: that's the golden opportunity for AI, particularly in Japan, along with physical AI.
- 10:55SPEAKER_01: But that's a little bit further down the road.
- 10:57SPEAKER_01: But in terms of using the large language models in companies here in Japan,
- 11:02SPEAKER_01: that seems to be the trend.
- 11:04SPEAKER_01: I don't know if you've experienced this on your own,
- 11:07SPEAKER_01: but if you have, I'd certainly be curious to know about that.
- 11:09SPEAKER_01: If you could put that in the comments to the article.
- 11:12SPEAKER_01: I definitely would be interested to learn more about it.
- 11:15SPEAKER_01: But this is a pretty common subject.
- 11:19SPEAKER_01: So in other words,
- 11:21SPEAKER_01: and I put this in the why it matters section,
- 11:23SPEAKER_01: I don't know if you find that useful,
- 11:25SPEAKER_01: but overseas,
- 11:27SPEAKER_01: I wrote the conventional narratives as it relates to AI is automation means leads
- 11:33SPEAKER_01: to job replacement, layoffs, and then unemployment.
- 11:36SPEAKER_01: That's the general fear.
- 11:37SPEAKER_01: And there are some preliminary signs that that's happening.
- 11:40SPEAKER_01: Whereas here in Japan,
- 11:42SPEAKER_01: the issue is there aren't enough people to do all the things that used to be done in
- 11:48SPEAKER_01: the office.
- 11:48SPEAKER_01: Now, it's questionable whether all of these various busy work tasks are absolutely necessary.
- 11:54SPEAKER_01: But let's assume that the same amount of workload is done.
- 11:58SPEAKER_01: There aren't enough people, so that causes a worker shortage.
- 12:01SPEAKER_01: That's where AI can play a big role here in Japan,
- 12:04SPEAKER_01: which means that there are fewer replacements that are hired,
- 12:07SPEAKER_00: fewer human replacements that need to be hired.
- 12:10SPEAKER_00: And therefore productivity improves.
- 12:12SPEAKER_01: That's the general idea here.
- 12:14SPEAKER_01: So I'm curious to know if that's your experience too,
- 12:16SPEAKER_01: particularly at your own office,
- 12:18SPEAKER_01: or if anyone who's listening in here has actually applied AI on a grand scale
- 12:25SPEAKER_01: and generated meaningful,
- 12:27SPEAKER_01: measurable statistics as it relates to being more efficient at work or
- 12:33SPEAKER_01: through some metric that they can measure the ROI of investing in AI.
- 12:38SPEAKER_01: I'd be curious about that.
- 12:40SPEAKER_00: So that was the second article which we covered over the past month.
- 12:45SPEAKER_00: The third one, totally different subject.
- 12:47SPEAKER_01: So this came up in the research.
- 12:51SPEAKER_01: Japan doesn't just want more tourists, it wants richer ones.
- 12:54SPEAKER_01: In particular,
- 12:55SPEAKER_01: there is a focus on tourists from the Middle East and Africa,
- 13:00SPEAKER_01: particularly from the Middle East, the Gulf States.
- 13:03SPEAKER_01: Now, in terms of overall numbers, Yeah.
- 13:06SPEAKER_01: All right.
- 13:07SPEAKER_01: There aren't a lot of these people.
- 13:08SPEAKER_01: On the other hand,
- 13:09SPEAKER_01: what was interesting is that the amount of money that they spend while they come
- 13:14SPEAKER_01: to Japan and the amount of time that they spend in Japan is significantly longer
- 13:19SPEAKER_01: than other visitors.
- 13:20SPEAKER_01: So just quoting from the article,
- 13:22SPEAKER_01: it was interesting that on average visitors These visitors from the Middle East,
- 13:29SPEAKER_01: particularly in the Gulf states,
- 13:30SPEAKER_01: spend like almost two weeks in Japan when they come and they spend 480,000 yen,
- 13:36SPEAKER_01: which is like 3,000 US dollars.
- 13:39SPEAKER_01: That's significantly more,
- 13:41SPEAKER_01: like double the amount of other visitors who spend less time on average and
- 13:46SPEAKER_01: about half or 40% of that amount when they do come to Japan.
- 13:50SPEAKER_01: So that's why this lucrative source of Well-heeled tourists is
- 13:57SPEAKER_01: a new target specifically of the Japanese government.
- 14:00SPEAKER_01: And particularly,
- 14:02SPEAKER_01: there's a section of the government,
- 14:03SPEAKER_01: the Japan National Tourism Organization called JNTO,
- 14:07SPEAKER_01: that has signed some sort of a memorandum of understanding with Emirates Airlines.
- 14:12SPEAKER_01: Now, somebody pointed out in the notes
- 14:15SPEAKER_00: or comments to the article, yeah,
- 14:17SPEAKER_01: well,
- 14:18SPEAKER_01: but the overall numbers of visitors and therefore,
- 14:22SPEAKER_01: you know, the amount of money that they're spending is still pretty low.
- 14:25SPEAKER_01: I got it.
- 14:25SPEAKER_01: On the other hand,
- 14:26SPEAKER_01: what's curious and why I wrote the article is that the government of Japan is
- 14:30SPEAKER_01: so specifically focused on this segment of the tourism trade.
- 14:36SPEAKER_01: So already,
- 14:36SPEAKER_01: of course,
- 14:37SPEAKER_01: they've got millions and millions of tourists,
- 14:39SPEAKER_01: but they're focusing on moving up the ladder in terms of trying
- 14:44SPEAKER_01: to attract well-heeled or wealthy tourists.
- 14:47SPEAKER_01: And the wealthiest of all the tourists come from the Middle East, the Gulf states.
- 14:51SPEAKER_00: Oh, I have a comment.
- 14:53SPEAKER_01: So let's see here.
- 14:57SPEAKER_01: Several other substacks are upset by the new AI overview of your writing
- 15:02SPEAKER_01: to check how much of your article was AI generated.
- 15:05SPEAKER_01: Haven't read anyone who likes it.
- 15:08SPEAKER_01: Yes.
- 15:08SPEAKER_01: Okay.
- 15:09SPEAKER_01: I'm glad you brought that subject.
- 15:11SPEAKER_01: I have kind of mixed feelings on this too.
- 15:13SPEAKER_01: And as a matter
- 15:14SPEAKER_01: of fact, in a couple of weeks,
- 15:15SPEAKER_01: I'm going to be participating at a journalism conference in Tokyo,
- 15:20SPEAKER_01: uh, Which is going to talk about this subject.
- 15:22SPEAKER_01: But yeah, you're right.
- 15:24SPEAKER_01: About, yeah, I think you're right.
- 15:26SPEAKER_01: About six weeks ago,
- 15:27SPEAKER_01: Substack introduced this feature called Pentagram,
- 15:32SPEAKER_01: which you can use to analyze your own writing or somebody else's writing,
- 15:35SPEAKER_01: if they've allowed it,
- 15:37SPEAKER_01: to see how much of the article is estimated to be written by AI.
- 15:42SPEAKER_01: And I often turn this off frequently.
- 15:46SPEAKER_01: I am a frequent user of AI.
- 15:48SPEAKER_01: I use it to do research.
- 15:50SPEAKER_01: And in particular, my favorite tool, in case you're wondering, is Gemini Notebook.
- 15:54SPEAKER_01: It used to be called Notebook LM.
- 15:57SPEAKER_01: If you have not tried this, try it.
- 15:59SPEAKER_01: First of all, it's free.
- 16:01SPEAKER_01: What's unique about Gemini Notebook
- 16:04SPEAKER_01: and why I like it is what you can do is you can upload a Sources into it.
- 16:10SPEAKER_01: And these sources don't need to be publicly available sources.
- 16:13SPEAKER_01: They could be your own writing or manuscripts or whatever.
- 16:17SPEAKER_00: And then from a limited number of sources,
- 16:20SPEAKER_00: now you can use it to scrap or
- 16:22SPEAKER_01: scrape the internet and dump those sources in there.
- 16:25SPEAKER_01: But the point is only from the sources that you select,
- 16:30SPEAKER_01: you can then have Gemini Notebook analyze the data.
- 16:36SPEAKER_01: Generate charts, generate infographics only from that data.
- 16:40SPEAKER_01: So it's not supposed to be hallucinating on its own or going out on its own to grab more data.
- 16:46SPEAKER_01: That's what's so interesting about it.
- 16:48SPEAKER_01: Also, I heard on a podcast from the New York Times,
- 16:51SPEAKER_01: an interview with the head of the editorial group of the New York Times,
- 16:56SPEAKER_01: they use it
- 16:57SPEAKER_00: in their newsroom.
- 17:00SPEAKER_01: Just a reminder, if you haven't had a sip yet, you need to have your beer.
- 17:04SPEAKER_01: I don't want it to get warm.
- 17:09SPEAKER_01: So that is one way that I use AI to do research.
- 17:14SPEAKER_01: And then I write articles and then I have it, polish it.
- 17:18SPEAKER_01: As you probably know from looking at any of my work,
- 17:22SPEAKER_01: You might not remember this part,
- 17:23SPEAKER_01: but I use a format of writing that was developed by the founder of Axiosk,
- 17:28SPEAKER_01: which is a news organization in the United States.
- 17:31SPEAKER_01: That's called Smart Brevity.
- 17:33SPEAKER_01: The idea behind it is don't go on and on and on.
- 17:38SPEAKER_00: Basically use the old government or
- 17:40SPEAKER_01: military technique of,
- 17:41SPEAKER_01: you know, bring the most important facts first and then suddenly go down.
- 17:48SPEAKER_01: So like a normal article, but in a specific format.
- 17:52SPEAKER_01: So like what's new?
- 17:53SPEAKER_01: Why is it important?
- 17:55SPEAKER_01: Almost like bullet points, but not quite.
- 17:57SPEAKER_01: But very short, succinct, concise, clear messaging.
- 18:04SPEAKER_01: That's what I tried to do.
- 18:04SPEAKER_01: Now, I've added a commentary section into that.
- 18:08SPEAKER_01: But in order to prepare that,
- 18:10SPEAKER_01: I do run those sections by AI to help with the wording and so forth.
- 18:15SPEAKER_01: But after that, I always apply the human touch to proofread.
- 18:19SPEAKER_01: In addition to that,
- 18:20SPEAKER_01: I don't know about you,
- 18:21SPEAKER_01: but I have been using AI then to assess the argumentation,
- 18:26SPEAKER_01: particularly for the section on But it's commentary.
- 18:31SPEAKER_01: So I'm putting my own opinion out there and to be brutally honest about its assessment.
- 18:36SPEAKER_01: And I have found, frankly, it's very useful.
- 18:39SPEAKER_01: It brings up things that I would not have thought about
- 18:42SPEAKER_01: or like second order implications of something.
- 18:47SPEAKER_01: I find that to be very useful.
- 18:48SPEAKER_01: Also, in Gemini Notebook,
- 18:50SPEAKER_01: there's a really interesting feature over on the right hand side of
- 18:53SPEAKER_01: the page called Mind Mapper.
- 18:58SPEAKER_01: Based on what you load into it, it helps you get ideas about where
- 19:05SPEAKER_00: to take a subject.
- 19:06SPEAKER_01: So I know I'm not exactly answering this,
- 19:08SPEAKER_01: but my vote on whether this new functionality within Substack to measure if
- 19:16SPEAKER_01: a piece is written with the aid of AI is Yeah,
- 19:20SPEAKER_01: I don't really like reading 100% AI information.
- 19:25SPEAKER_01: On the other hand, since I use it myself, I can see how it's useful.
- 19:29SPEAKER_01: And sometimes when I run my own work through there,
- 19:33SPEAKER_01: even though I've written a lot of it on my own,
- 19:35SPEAKER_01: sometimes the score is, well, quite a bit AI written or like 25% or whatever.
- 19:40SPEAKER_01: And I'm wondering, wow, is that from the spell checker maybe?
- 19:43SPEAKER_01: I'm not sure.
- 19:45SPEAKER_01: So lately I've been turning it off.
- 19:47SPEAKER_01: But anyway, that's my opinion.
- 19:49SPEAKER_01: I mean, there's no getting away with it.
- 19:52SPEAKER_01: We're not going to get away from AI.
- 19:54SPEAKER_01: So I want to use it for what it's really good for.
- 19:59SPEAKER_01: And I have, as I've been explaining, been finding
- 20:02SPEAKER_00: real value in research.
- 20:06SPEAKER_01: Using this interesting database functionality called Gemini Notebook,
- 20:10SPEAKER_01: which is free to query its findings,
- 20:14SPEAKER_01: to do research within a select group of sources,
- 20:17SPEAKER_01: and then also to prove my work and then assess by writing and find holes
- 20:23SPEAKER_01: in argumentation.
- 20:24SPEAKER_01: So that's my opinion.
- 20:25SPEAKER_01: You'll have to tell me what you think.
- 20:28SPEAKER_01: All right, well, let's move on since it's already 20 minutes after.
- 20:32SPEAKER_01: The next article,
- 20:32SPEAKER_01: which we talked about,
- 20:33SPEAKER_01: was Japan's real wages are rising, so why aren't households feeling richer?
- 20:38SPEAKER_01: Well, this is not really limited to Japan, of course.
- 20:41SPEAKER_01: I also want to bring out the Halloween spirit here.
- 20:45SPEAKER_01: But back,
- 20:45SPEAKER_01: for example,
- 20:46SPEAKER_01: in my home country out of the United States,
- 20:48SPEAKER_01: I think to a certain extent the same thing is going on.
- 20:52SPEAKER_01: Even though the cost of living is much higher in the United States now
- 20:56SPEAKER_01: than probably what we're experiencing in Japan.
- 20:58SPEAKER_01: Hopefully, Japan is not going to follow in the United States' footsteps to the same extent.
- 21:03SPEAKER_01: But the bottom line is, I think people are just nervous.
- 21:06SPEAKER_01: And even though it's a very positive development that
- 21:10SPEAKER_01: for several months running now,
- 21:12SPEAKER_01: Japan, on average, real wage growth, so meaning the actual wages...
- 21:19SPEAKER_01: You know, taking out the cost of inflation from there, it's actually positive.
- 21:24SPEAKER_01: Now, there are questions about, well, how do you actually measure that?
- 21:28SPEAKER_01: And what about take-home pay and so forth?
- 21:31SPEAKER_01: We don't want to get down in the weeds here,
- 21:32SPEAKER_01: but the bottom line is that it does seem like real wage growth is happening
- 21:38SPEAKER_01: in Japan, and that is an extremely positive thing.
- 21:42SPEAKER_01: Also, I just saw in the news just a couple days ago that the new...
- 21:48SPEAKER_01: Rate that the labor unions are going to ask for is at a minimum 6% wage growth of
- 21:55SPEAKER_01: the big firms.
- 21:56SPEAKER_01: And that would definitely be higher than the rate of inflation and result
- 22:00SPEAKER_01: in further real wage growth
- 22:04SPEAKER_00: next year, if that actually comes to fruition.
- 22:06SPEAKER_01: Now, there are all sorts of, yeah, but, yes, but, right?
- 22:10SPEAKER_01: You're going to say, well, most of Japan doesn't work for big companies.
- 22:14SPEAKER_01: You're right.
- 22:15SPEAKER_01: And smaller firms,
- 22:16SPEAKER_01: so small to medium-sized enterprises,
- 22:18SPEAKER_01: might not be able to match that wage growth,
- 22:21SPEAKER_01: and therefore,
- 22:21SPEAKER_01: they might not be giving enough wage
- 22:24SPEAKER_00: increases that would cover the cost
- 22:27SPEAKER_01: of inflation.
- 22:29SPEAKER_01: Yeah.
- 22:30SPEAKER_01: Yes, that's always true.
- 22:31SPEAKER_01: Also, as you might have noticed in the article,
- 22:34SPEAKER_01: there's a huge statistical issue with measuring real wage growth this way because
- 22:41SPEAKER_01: a lot of people in Japan that,
- 22:43SPEAKER_01: for example,
- 22:44SPEAKER_01: have already gone out of the workforce,
- 22:48SPEAKER_01: like people that are retired,
- 22:50SPEAKER_01: are not counted in the official statistics for real wage growth.
- 22:54SPEAKER_01: So...
- 22:55SPEAKER_01: That certainly begs the question of, well,
- 22:57SPEAKER_01: wait a minute,
- 22:58SPEAKER_01: when you say real wages are above inflation,
- 23:02SPEAKER_01: if that leaves out like half the country or at least a quarter of
- 23:05SPEAKER_01: the country not counted,
- 23:08SPEAKER_01: that means that the rest of the Japanese people are probably experiencing
- 23:14SPEAKER_01: the full effect of inflation and therefore are cutting back their spending.
- 23:18SPEAKER_01: All right.
- 23:19SPEAKER_01: So once again, the devil is in the details here.
- 23:22SPEAKER_01: But even if I think the point of the article and the research that I did was even
- 23:28SPEAKER_01: if you do experience real wage growth,
- 23:32SPEAKER_01: there's still kind of a questioning going on about is this safe to spend money?
- 23:39SPEAKER_01: Am I going to fall into trouble?
- 23:41SPEAKER_01: I don't know,
- 23:41SPEAKER_01: in Japan,
- 23:42SPEAKER_01: it's probably not as much of an issue about worrying about losing your job
- 23:46SPEAKER_01: as it might be in the United States, for example.
- 23:48SPEAKER_01: But it's still,
- 23:51SPEAKER_01: I think people are so accustomed to not experiencing real wage growth for years,
- 23:57SPEAKER_01: I mean,
- 23:57SPEAKER_01: literally decades at this point, that it still takes some time to get used to it.
- 24:02SPEAKER_00: So that's my opinion,
- 24:03SPEAKER_00: but I'm curious to know if you have a similar
- 24:05SPEAKER_01: opinion or
- 24:06SPEAKER_01: if you think totally differently.
- 24:09SPEAKER_01: In any case,
- 24:10SPEAKER_01: there was a survey results that are published in this article that talked
- 24:15SPEAKER_01: about this very issue.
- 24:17SPEAKER_01: All right.
- 24:18SPEAKER_01: The next thing that I covered was a very interesting podcast.
- 24:23SPEAKER_01: So this month,
- 24:24SPEAKER_01: I've been going a little bit more slowly here with the podcast,
- 24:26SPEAKER_01: although I have one on Tuesday with a very interesting guy.
- 24:30SPEAKER_01: So hopefully you can...
- 24:31SPEAKER_01: Join us for that.
- 24:33SPEAKER_01: He's going to take us actually on a tour of one of the two homes
- 24:36SPEAKER_01: that he bought secondhand in Otaru, way up near Sapporo.
- 24:41SPEAKER_01: So that's going to be very exciting.
- 24:42SPEAKER_01: But back on October 15th,
- 24:45SPEAKER_01: I interviewed a fellow writer who's actually going to be at our meetup in Sugamo,
- 24:51SPEAKER_01: Tokyo, on November 5th, so you can meet him.
- 24:53SPEAKER_01: Alex Dwyer, very interesting person.
- 24:56SPEAKER_01: I don't think I've ever met somebody that's so into Japanese tea and Chinese tea
- 25:00SPEAKER_01: and Indian tea other than Alex.
- 25:03SPEAKER_01: He's very humble, but he knows a lot about tea.
- 25:08SPEAKER_01: And he can literally read the tea leaves and he helps to,
- 25:13SPEAKER_01: you know, help us get steeped in Japanese tea culture.
- 25:16SPEAKER_01: I know I'm pushing the puns and so forth here, but it was a very interesting interview.
- 25:22SPEAKER_01: He is originally from California,
- 25:24SPEAKER_01: but he's moved to Kamakura to be closer to Japanese tea culture.
- 25:28SPEAKER_01: And he lives right near temples in Kamakura and routinely serves tea at home
- 25:33SPEAKER_01: for friends that visit him and also goes to temples.
- 25:36SPEAKER_01: And that's his favorite place to go have tea.
- 25:38SPEAKER_01: Actually,
- 25:39SPEAKER_01: I use that
- 25:42SPEAKER_01: Gemini Notebook to develop a very interesting infographic based on
- 25:49SPEAKER_01: the interviewing.
- 25:51SPEAKER_01: With all of the podcast interviews on Real Gaijin,
- 25:54SPEAKER_01: I try to distill what we talked about down to like three or five key takeaways.
- 25:59SPEAKER_01: I mean, of course,
- 26:00SPEAKER_01: there are all sorts of other interesting things,
- 26:02SPEAKER_01: and I try to capture those in small clips afterwards and dole them out over
- 26:06SPEAKER_01: the next, well, sometimes six months.
- 26:09SPEAKER_01: But Alex had some very specific key takeaways.
- 26:13SPEAKER_01: His big point,
- 26:14SPEAKER_01: which I think is just wonderful to remember,
- 26:17SPEAKER_01: is that Use tea,
- 26:19SPEAKER_01: not just for the medicinal or health benefits, but his focus is use it to relax.
- 26:25SPEAKER_00: Almost like we're using alcohol and beer to relax tonight.
- 26:29SPEAKER_00: But yeah,
- 26:32SPEAKER_01: I understand.
- 26:33SPEAKER_01: And some of our listeners and readers have reminded me that,
- 26:37SPEAKER_01: all right,
- 26:37SPEAKER_01: it might be after five o'clock in Japan,
- 26:39SPEAKER_01: but where I am in California, it's first thing in the morning.
- 26:41SPEAKER_01: So I'm not going to be having a beer.
- 26:44SPEAKER_01: I got it.
- 26:45SPEAKER_01: Well, anyway, you can have tea, all right?
- 26:47SPEAKER_01: So Alex's point is that don't look at it as a productivity hack or focus on the caffeine.
- 26:53SPEAKER_01: Use it to relax and then to take a deep breath and so forth while you're having that cup of tea.
- 27:00SPEAKER_01: I think that's great.
- 27:01SPEAKER_01: I am addicted to Japanese tea.
- 27:03SPEAKER_01: I drink it every day.
- 27:04SPEAKER_01: What have I got here?
- 27:05SPEAKER_01: I got oolong chai in addition to my beer here.
- 27:08SPEAKER_01: And I think it's great.
- 27:10SPEAKER_01: Now, I also like coffee, but not as much.
- 27:13SPEAKER_01: The other thing that he talked about is how tea culture,
- 27:17SPEAKER_01: of course, came from China, but it came through with Zen Buddhism.
- 27:21SPEAKER_01: Now, I didn't know this.
- 27:22SPEAKER_01: I did not know that there's such a close connection between tea and Zen Buddhism.
- 27:29SPEAKER_01: Of course,
- 27:30SPEAKER_01: thinking about it,
- 27:30SPEAKER_01: I suppose the whole ceremony of tea preparation does have a lot in common
- 27:36SPEAKER_01: with Zen Buddhism,
- 27:37SPEAKER_01: but I hadn't consciously thought about that until Alex reminded everyone.
- 27:42SPEAKER_01: So that was good.
- 27:43SPEAKER_01: Another thing which I found surprising,
- 27:46SPEAKER_01: I didn't know this, matcha,
- 27:48SPEAKER_01: of course,
- 27:48SPEAKER_01: world craze of matcha, sencha,
- 27:50SPEAKER_01: which is probably the most common kind of tea that you'd have in Hojicha,
- 27:54SPEAKER_01: for example, they all came from the same tea plant.
- 27:57SPEAKER_01: They're just made slightly different.
- 28:00SPEAKER_01: It's like how Irish whiskey scotch and bourbon are basically the same thing,
- 28:04SPEAKER_01: but they're distilled in a different format.
- 28:07SPEAKER_00: Well, who knew?
- 28:09SPEAKER_00: I didn't know that.
- 28:10SPEAKER_00: So that was something interesting.
- 28:11SPEAKER_01: I took away from that short interview with Alex.
- 28:15SPEAKER_01: And the other thing is, you know, he has kind of mixed feelings about matcha.
- 28:19SPEAKER_01: Of course, it's good to see how popular matcha has become around the world.
- 28:26SPEAKER_01: And Alex,
- 28:27SPEAKER_01: I think,
- 28:28SPEAKER_01: was This week,
- 28:29SPEAKER_01: traveling to Ureshino Onsen,
- 28:31SPEAKER_01: which is a fantastic town, not too far from where I live here in Kirchho.
- 28:35SPEAKER_01: It's in Saga Prefecture.
- 28:37SPEAKER_01: It is one of the oldest and most famous hot spring towns.
- 28:41SPEAKER_01: It's famous for the Hadanon youth.
- 28:43SPEAKER_01: So in other words,
- 28:44SPEAKER_01: particularly women,
- 28:45SPEAKER_01: but not just women,
- 28:46SPEAKER_01: but People like the water there because it makes your skin soft and supple.
- 28:53SPEAKER_01: But it's also a fantastic place for tea.
- 28:56SPEAKER_01: And the onsen town is surrounded by hills
- 28:59SPEAKER_00: that are just covered in tea leaves.
- 29:01SPEAKER_01: So that's a great spot.
- 29:02SPEAKER_01: And that's where he was heading this week.
- 29:04SPEAKER_01: Then the last thing is just like what happened to Alex.
- 29:08SPEAKER_01: He says a simple bowl of tea can change the direction of your life.
- 29:12SPEAKER_01: Yeah.
- 29:12SPEAKER_01: I mean, he decided to move from his native home.
- 29:17SPEAKER_01: So anyway,
- 29:22SPEAKER_01: that was what we took out of the discussion with Alex.
- 29:26SPEAKER_01: If you haven't listened to it yet, I definitely would encourage you to do that.
- 29:30SPEAKER_01: If you're taking a walk, for example, it's a great thing to do.
- 29:33SPEAKER_01: Put in the podcast, download it on Spotify or whatever.
- 29:35SPEAKER_01: That's what I do.
- 29:37SPEAKER_01: And give it a listen.
- 29:38SPEAKER_01: And then also,
- 29:39SPEAKER_01: just a reminder,
- 29:40SPEAKER_01: on Tuesday,
- 29:40SPEAKER_01: we've got another podcast in the afternoon with an interesting American guy,
- 29:45SPEAKER_01: CD is his name.
- 29:47SPEAKER_01: He's focusing on restoring two homes in Otaru, way up near Sapporo.
- 29:54SPEAKER_01: But that's only scratching the surface with CD.
- 29:57SPEAKER_01: He's a deep guy, and I'm looking forward to this discussion.
- 30:01SPEAKER_01: All right, switching gears a little bit.
- 30:03SPEAKER_01: I had a very interesting experience in the middle of October on the 14th,
- 30:07SPEAKER_01: and that's a key date, and that's why I'm mentioning it.
- 30:11SPEAKER_01: Every year for the past 1,200 years,
- 30:14SPEAKER_01: essentially,
- 30:15SPEAKER_01: on October 14th at this small little shrine near where I live in Oita Prefecture in
- 30:23SPEAKER_01: a place called Kunisaki Peninsula, a very,
- 30:26SPEAKER_01: very important place,
- 30:27SPEAKER_01: actually, once again, for the introduction of Buddhism to Japan.
- 30:31SPEAKER_01: But this is actually a shrine.
- 30:35SPEAKER_01: Every year,
- 30:35SPEAKER_01: there's a famous festival there that takes place called the Kebesu Site,
- 30:39SPEAKER_01: Kebesu Site.
- 30:41SPEAKER_01: And Kebesu is a devil, and he fights fire, literally.
- 30:46SPEAKER_01: So what was interesting about this particular festival is I have been hearing
- 30:52SPEAKER_01: about this ever since moving down to this part of the country,
- 30:56SPEAKER_00: probably seven years ago.
- 30:58SPEAKER_01: Everyone who's a local tells me, oh, have you been to the Kebesu Site?
- 31:01SPEAKER_01: No, I haven't.
- 31:03SPEAKER_01: And then when I was finally ready to go, COVID hit and it was canceled for four years.
- 31:06SPEAKER_01: So for the past 1,200 years, except for four years following COVID, it has not been held.
- 31:12SPEAKER_01: But it was held last year and I couldn't go.
- 31:15SPEAKER_01: This year, we decided, all right, we're going to go.
- 31:19SPEAKER_01: Now,
- 31:20SPEAKER_01: what is interesting about this particular festival is there's almost no information
- 31:24SPEAKER_01: about it, even in Japanese.
- 31:26SPEAKER_01: So I decided,
- 31:27SPEAKER_01: all right, well, Now,
- 31:30SPEAKER_01: if you want to go in the future and you don't want to know what to expect,
- 31:34SPEAKER_01: which is how I saw it,
- 31:35SPEAKER_01: which actually there's a benefit of not knowing what to expect.
- 31:38SPEAKER_00: And I'll get into that just a second.
- 31:40SPEAKER_01: But anyway, if that's the case,
- 31:42SPEAKER_00: close your ears.
- 31:42SPEAKER_01: Okay, don't read the article.
- 31:44SPEAKER_01: But if you want to know a little bit about what to expect,
- 31:46SPEAKER_01: you can check out my article about it.
- 31:48SPEAKER_01: Anyway, I'll give you some hints.
- 31:51SPEAKER_01: It has to do with fire.
- 31:53SPEAKER_01: I broke it into basically three sections.
- 31:55SPEAKER_01: It started like around 6 o'clock in the evening, so right at dusk.
- 31:59SPEAKER_01: And, you know,
- 32:00SPEAKER_01: all of us gathered,
- 32:01SPEAKER_01: probably 300 or 400 people in this tiny little area made out of wood for hundreds
- 32:06SPEAKER_01: of years old.
- 32:08SPEAKER_01: And there's this big bonfire basically glowing.
- 32:13SPEAKER_01: Like everyone else who is there,
- 32:15SPEAKER_01: and there are actually a fair number of fellow foreigners that have come
- 32:18SPEAKER_01: from nearby Euphrine or Beppu.
- 32:21SPEAKER_00: I think they came by bus.
- 32:23SPEAKER_01: But anyway,
- 32:23SPEAKER_01: we were all there with plenty of other people figuring,
- 32:27SPEAKER_01: okay, this is going to start any minute now.
- 32:29SPEAKER_01: Well, like for an hour, almost an hour and a half, almost nothing happened.
- 32:34SPEAKER_01: There was no music, nothing.
- 32:35SPEAKER_01: Everyone was just sitting there watching some sort of ceremony
- 32:40SPEAKER_01: that we could barely see occurring in the middle of the ginger.
- 32:44SPEAKER_01: The fire was going, but we didn't know what to expect.
- 32:47SPEAKER_01: Then finally,
- 32:49SPEAKER_01: The second part started where Kebesu,
- 32:52SPEAKER_01: so this masked gentleman who's dressed all in white,
- 32:57SPEAKER_01: is fighting with other monk-like figures that are dressed in white,
- 33:01SPEAKER_01: probably about 15 or 20 of them.
- 33:03SPEAKER_01: And they fight in front of the fire before Kebesu,
- 33:06SPEAKER_01: the guy with the mask on,
- 33:08SPEAKER_01: runs into the fire and This is basically a bonfire,
- 33:12SPEAKER_01: and he uses a long pole to make the brush fire go every which way,
- 33:17SPEAKER_01: and embers come flying over.
- 33:20SPEAKER_01: By the way,
- 33:21SPEAKER_01: you're supposed to not wear clothing that can catch on a fire,
- 33:24SPEAKER_01: so you're not supposed to wear any polyester, anything with plastic.
- 33:27SPEAKER_01: Don't wear it.
- 33:28SPEAKER_01: It should be something that you could easily brush embers off of,
- 33:31SPEAKER_01: or you're okay if it burns a hole through your clothes.
- 33:34SPEAKER_01: So anyway,
- 33:34SPEAKER_01: that took place for about another half an hour or so,
- 33:37SPEAKER_01: and then Then we figured, okay, the music was dying down at that point.
- 33:43SPEAKER_00: However,
- 33:44SPEAKER_00: all of the monks then
- 33:46SPEAKER_01: went and grabbed a long pole,
- 33:49SPEAKER_01: like a bamboo pole,
- 33:50SPEAKER_01: and rushed into the fire,
- 33:52SPEAKER_01: took clumps of these burning bushes,
- 33:55SPEAKER_01: basically burning ferns,
- 33:57SPEAKER_01: and then started moving the fire over the people that were there, including me.
- 34:02SPEAKER_01: And they'd run up to you with this pole,
- 34:05SPEAKER_01: and it was like this,
- 34:07SPEAKER_01: with fire over your head,
- 34:10SPEAKER_01: Under a wooden building that looked like it could burst into flames in a matter
- 34:15SPEAKER_01: of seconds.
- 34:16SPEAKER_01: We didn't know what was going on.
- 34:18SPEAKER_01: And that took place for like 20 minutes or so.
- 34:21SPEAKER_01: So it was just chaos.
- 34:23SPEAKER_01: And actually,
- 34:25SPEAKER_01: you know,
- 34:25SPEAKER_01: because we were crammed into this bare and narrow space under a wooden roof
- 34:29SPEAKER_01: that looked like it was going to burn down.
- 34:31SPEAKER_01: And by the way, there was a fire truck on hand.
- 34:33SPEAKER_01: You know, actually, it was a little scary at times.
- 34:36SPEAKER_01: But I got to tell you, I would do it again.
- 34:38SPEAKER_01: You know, I know what to expect.
- 34:40SPEAKER_01: And I'm now just blowing the cover for you.
- 34:42SPEAKER_01: But if you have a chance to come, it's October 14th every year.
- 34:47SPEAKER_01: It's hard to get to that kind of map in the In the last section of the article,
- 34:52SPEAKER_01: you can see three levels of maps on the map of Japan,
- 34:54SPEAKER_01: map of Kyushu, and then way up in the map of the Kunisaki Peninsula.
- 34:59SPEAKER_01: I'd encourage you to go.
- 35:01SPEAKER_01: It is definitely worth going to visit.
- 35:03SPEAKER_01: So that was the next article that I wrote,
- 35:05SPEAKER_01: and it was in the section called The Road Less Traveled,
- 35:07SPEAKER_01: and this definitely qualifies as a road less traveled article.
- 35:13SPEAKER_01: All right, next one.
- 35:14SPEAKER_01: And hey, if you've got any questions, we don't have to cover the articles.
- 35:17SPEAKER_01: We can cover anything that you're interested in.
- 35:20SPEAKER_01: But moving right along.
- 35:22SPEAKER_01: Another thing we... Ah, yes.
- 35:24SPEAKER_01: Japanese mothers spend 50% more time per child.
- 35:27SPEAKER_00: Here's where it goes.
- 35:29SPEAKER_01: All right.
- 35:30SPEAKER_01: Now, this is a government survey.
- 35:33SPEAKER_01: And what they found was, at least conventional wisdom, is that when raising children in Japan...
- 35:40SPEAKER_01: The time to get a child through like cram school, juku, to get them into college.
- 35:47SPEAKER_00: So basically, kyoiku mama, so meaning educational mother.
- 35:52SPEAKER_01: So traditionally,
- 35:54SPEAKER_01: the mother in most families in Japan has been focused on making sure
- 35:58SPEAKER_01: that their child is educationally prepared in order to pass entry exams in order
- 36:03SPEAKER_01: to get into college.
- 36:05SPEAKER_01: That's the convention of wisdom.
- 36:06SPEAKER_01: Well, the authors of this study Found that a couple of interesting things.
- 36:13SPEAKER_01: First of all,
- 36:14SPEAKER_01: they found that now many mothers might say, yeah,
- 36:17SPEAKER_01: I could
- 36:18SPEAKER_01: have told you this, but instead of the teen years getting into college,
- 36:22SPEAKER_01: the focus is actually between zero and five.
- 36:26SPEAKER_01: So when children are babies,
- 36:28SPEAKER_01: infants up to around
- 36:30SPEAKER_01: kindergarten age is where they spent the most amount
- 36:32SPEAKER_01: of their time.
- 36:33SPEAKER_01: And that's where the additional time went.
- 36:36SPEAKER_01: Okay.
- 36:37SPEAKER_01: I'm guilty if I thought that wasn't the case,
- 36:39SPEAKER_01: but apparently invention of wisdom across the country was that that's not the case.
- 36:43SPEAKER_01: So that was one finding.
- 36:45SPEAKER_01: The other thing is the number of children that are being born,
- 36:49SPEAKER_01: as everyone knows, has gone way down and now it's under two.
- 36:53SPEAKER_01: So what the interesting thing about this was that even though the number
- 36:58SPEAKER_01: of children have gone down,
- 37:00SPEAKER_01: the amount of childcare time over the whole time Not in one day,
- 37:06SPEAKER_01: but over the entire childhood experience, it's gone up.
- 37:11SPEAKER_01: So it's by 50% is the finding.
- 37:14SPEAKER_01: So if you take the entire period of birth through like end of high school or so,
- 37:21SPEAKER_01: the actual intensive time of parenting was measured from 0.74 years,
- 37:27SPEAKER_01: so three quarters of one year, to 1.12 years.
- 37:33SPEAKER_01: No, nothing.
- 37:34SPEAKER_01: So that during that entire period through high school,
- 37:38SPEAKER_01: in terms of the actual amount of parenting going on,
- 37:42SPEAKER_01: it's been distilled down to this level.
- 37:43SPEAKER_00: Now, you might have an issue with how
- 37:46SPEAKER_01: the researchers came up with these figures,
- 37:47SPEAKER_01: but that's what they did.
- 37:48SPEAKER_01: And they looked at thousands of data points.
- 37:52SPEAKER_01: So it probably is accurate.
- 37:55SPEAKER_01: Anyway, that was kind of interesting.
- 37:56SPEAKER_01: A couple of other key data points.
- 37:59SPEAKER_01: Expenditure per child increased from about 7 million yen to almost 8 million yen
- 38:05SPEAKER_01: during this
- 38:06SPEAKER_00: period.
- 38:07SPEAKER_01: So in other words,
- 38:08SPEAKER_01: the amount of money that it takes to raise a child through high school is
- 38:15SPEAKER_01: about 8 million yen.
- 38:18SPEAKER_01: Now, of course,
- 38:19SPEAKER_01: there are all sorts of ranges here and the median might be different,
- 38:22SPEAKER_01: but on average, that's about the amount.
- 38:25SPEAKER_01: So that was also interesting.
- 38:28SPEAKER_01: I don't know what you think about this,
- 38:30SPEAKER_01: but it certainly didn't get covered in the news media very much.
- 38:33SPEAKER_01: And that's why I picked this particular topic to focus on.
- 38:37SPEAKER_01: And I would be curious to know if you have any
- 38:40SPEAKER_00: similar experiences.
- 38:42SPEAKER_01: Alright, if not, hey,
- 38:44SPEAKER_01: it's now 9.40, so if you've got any questions, put them in the chat or comments.
- 38:50SPEAKER_01: I say yes, interesting Matsuri, thank you for the comment.
- 38:53SPEAKER_01: Another subject, oh yes, this is a more recent article, so only from a couple days ago.
- 39:00SPEAKER_01: Japan has wealth, its younger generations need the money
- 39:04SPEAKER_00: now, basically.
- 39:06SPEAKER_00: Okay, this is not unique to Japan,
- 39:09SPEAKER_01: but because the numbers are so enormous here,
- 39:12SPEAKER_01: And the average age in Japan is so old.
- 39:17SPEAKER_01: Basically, I think the average age of Japanese is around 50 years old at this point.
- 39:21SPEAKER_00: What's happening is that people are
- 39:23SPEAKER_01: living so long that in order to pass along
- 39:26SPEAKER_01: the wealth and have their heirs inherit the wealth, heirs are not getting.
- 39:32SPEAKER_01: I mean, the people that have the money in the first place are not dying,
- 39:36SPEAKER_01: basically, so they can leave the money to their children.
- 39:41SPEAKER_01: Fast enough.
- 39:42SPEAKER_01: And so oftentimes, like in the United States, this is happening too with baby boomers.
- 39:48SPEAKER_01: Essentially, it takes until you're around 60 or so to actually inherit any money.
- 39:54SPEAKER_00: If you have any inheritance coming now, not everyone does.
- 39:57SPEAKER_01: So you might say, well, this doesn't affect me.
- 39:59SPEAKER_01: Okay.
- 39:59SPEAKER_01: I understand that.
- 40:00SPEAKER_01: But the point here in Japan is that there is a lot of money out there,
- 40:04SPEAKER_01: just like in the United States,
- 40:05SPEAKER_01: among baby boomers or even people in the silent generation,
- 40:09SPEAKER_01: the generation above the baby boomers that are still alive.
- 40:13SPEAKER_01: And, you know,
- 40:14SPEAKER_01: the impolite way of putting that is they're hoarding the money,
- 40:17SPEAKER_01: but of course it's their money to begin with.
- 40:19SPEAKER_01: However,
- 40:20SPEAKER_01: the point is that, um,
- 40:22SPEAKER_01: Because of the tax treatment in Japan,
- 40:26SPEAKER_01: essentially, unlike,
- 40:29SPEAKER_01: for example,
- 40:29SPEAKER_01: where I am,
- 40:31SPEAKER_01: you know,
- 40:31SPEAKER_01: where we have estate tax,
- 40:33SPEAKER_01: but the threshold for having to pay
- 40:36SPEAKER_00: it is so high that most people don't have
- 40:37SPEAKER_01: to pay it.
- 40:38SPEAKER_01: Here in Japan, it's also the equivalent of estate taxes.
- 40:42SPEAKER_01: It's done completely differently.
- 40:44SPEAKER_01: The heirs have to pay it.
- 40:45SPEAKER_01: It's very different.
- 40:46SPEAKER_01: But, you know,
- 40:47SPEAKER_01: for most people,
- 40:49SPEAKER_01: you know,
- 40:49SPEAKER_01: they don't
- 40:50SPEAKER_00: have to pay tax unless they're inheriting a lot of financial assets.
- 40:56SPEAKER_01: The point of this particular article was the most common way to try and pass
- 41:02SPEAKER_01: through wealth to younger generations,
- 41:05SPEAKER_01: not necessarily successfully,
- 41:06SPEAKER_01: so it could be grandparents passing along wealth to their grandchildren
- 41:10SPEAKER_01: or even great-grandchildren.
- 41:12SPEAKER_01: It's possible,
- 41:13SPEAKER_01: but the limits here in Japan,
- 41:15SPEAKER_01: and it's called
- 41:15SPEAKER_00: Zouyoze,
- 41:16SPEAKER_00: so this is a gift tax,
- 41:21SPEAKER_01: the limit for Up to the point where there's a threshold for the gift tax not to cost
- 41:27SPEAKER_01: the recipient.
- 41:28SPEAKER_01: So the person receiving the money in Japan is the one that has to pay the tax.
- 41:32SPEAKER_01: It's only 1.1 million yen per year and that's cumulative.
- 41:36SPEAKER_01: So like it's not per family member that gives them that.
- 41:40SPEAKER_01: It's per, you know, they have to combine all the financial gifts into one.
- 41:44SPEAKER_01: And anything over 1.1 million yen per year is subject to gift tax payable by the recipient.
- 41:51SPEAKER_01: Why is this an issue?
- 41:53SPEAKER_01: Well, since like the early 1970s,
- 41:58SPEAKER_01: the longest time to I think 2001, the limit was only 600,000 yen.
- 42:04SPEAKER_01: But then the last time this amount was moved up was in 2001.
- 42:08SPEAKER_01: And that was to 1.1 million yen.
- 42:10SPEAKER_00: Given, you know, Relative to the
- 42:13SPEAKER_01: United States dollar,
- 42:13SPEAKER_01: for example,
- 42:14SPEAKER_01: how the yen has been devalued so much,
- 42:16SPEAKER_01: that's equivalent to like $7,000 per year, which,
- 42:20SPEAKER_01: you know,
- 42:21SPEAKER_01: in the whole scheme of things,
- 42:23SPEAKER_01: that's not a lot, okay, compared to other OEC countries.
- 42:27SPEAKER_01: So I put in some comparison numbers in here for your information.
- 42:30SPEAKER_01: So, for example,
- 42:32SPEAKER_01: like in the United States,
- 42:34SPEAKER_01: I believe, let's see if I can find that,
- 42:36SPEAKER_00: uh, It's like double.
- 42:39SPEAKER_00: Yeah, yeah, okay.
- 42:40SPEAKER_01: So in the United States,
- 42:44SPEAKER_01: essentially,
- 42:46SPEAKER_01: two parents can give the same amount,
- 42:48SPEAKER_01: and it's like $19,000 per year that can be given for a combined gift of $38,000,
- 42:53SPEAKER_00: and that's tax-free, essentially, for the recipient.
- 42:57SPEAKER_01: So that's quite a bit more.
- 42:58SPEAKER_01: Now, it doesn't necessarily have to do that much,
- 43:00SPEAKER_01: but the point of the article is that this is starting to become an issue.
- 43:05SPEAKER_01: And the reason for that is because the older generations in Japan,
- 43:09SPEAKER_01: as I mentioned before,
- 43:10SPEAKER_01: are living so long and they've got a lot of financial assets and more than
- 43:16SPEAKER_01: the younger generations.
- 43:17SPEAKER_01: And the younger generations need the cash now
- 43:20SPEAKER_01: while their older relatives are still alive, basically.
- 43:26SPEAKER_01: So what can be done about this?
- 43:27SPEAKER_01: There are a couple of proposals being floated here.
- 43:30SPEAKER_01: I don't know if they're going to go anywhere,
- 43:31SPEAKER_01: but some of the regional tax offices are starting to field requests
- 43:37SPEAKER_01: to triple essentially the limit from 1.1 million to 3.3 million yen threshold,
- 43:44SPEAKER_01: which I think would actually,
- 43:46SPEAKER_01: my opinion is that would actually do a lot to stimulate the Japanese economy.
- 43:52SPEAKER_01: That said,
- 43:55SPEAKER_01: It has been explained to me by a tax advisor that the National Tax Authority
- 44:00SPEAKER_01: in Japan,
- 44:01SPEAKER_01: so the equivalent of the IRS,
- 44:03SPEAKER_01: Internal Revenue Service in the United States,
- 44:05SPEAKER_01: their goal is to basically make sure that dynastic wealth doesn't happen in Japan.
- 44:13SPEAKER_01: A long time ago, before World War II, that was a pretty big issue in Japan.
- 44:16SPEAKER_01: And it still is a little bit of an issue right now.
- 44:19SPEAKER_01: But the bottom line is that before World War II, it was a major issue.
- 44:23SPEAKER_01: So rich families would stay rich for literally generation upon generation.
- 44:28SPEAKER_01: One of the goals is apparently to make sure that at least
- 44:32SPEAKER_01: after three successive generations,
- 44:34SPEAKER_01: that wealth cannot be passed on because it'll be taxed so highly.
- 44:38SPEAKER_01: Now, there are ways to get around that,
- 44:41SPEAKER_01: but basically in Japan,
- 44:43SPEAKER_01: there aren't as many
- 44:44SPEAKER_00: loopholes as there are in my native United States for that.
- 44:48SPEAKER_01: Essentially,
- 44:49SPEAKER_01: one key way would be to transfer wealth into a family-run business that
- 44:55SPEAKER_01: the shares can be passed along.
- 44:57SPEAKER_01: But the other way,
- 44:58SPEAKER_01: the most common way of giving financial assets is to take advantage
- 45:03SPEAKER_01: of this gift tax exemption.
- 45:05SPEAKER_01: And so as I mentioned before,
- 45:07SPEAKER_01: currently and since 2001,
- 45:08SPEAKER_01: so for the past 25 years, the limit has been 1.1 million yen per recipient.
- 45:15SPEAKER_01: And that's pretty low, especially when you convert that amount into U.S. dollars.
- 45:19SPEAKER_01: So the proposal is to triple that.
- 45:21SPEAKER_01: I don't know if that's going to get any traction.
- 45:24SPEAKER_01: Hopefully it will.
- 45:25SPEAKER_01: But I think that that would benefit a lot of younger people in Japan quite a bit.
- 45:31SPEAKER_01: And it would help pump money into the economy.
- 45:34SPEAKER_01: The other school of thought is, yeah,
- 45:36SPEAKER_01: well, then that's just going to be a tool for rich families to pass along wealth.
- 45:40SPEAKER_01: Yep, it is.
- 45:41SPEAKER_01: There's no doubt about it.
- 45:43SPEAKER_01: But hopefully that wealth increases.
- 45:46SPEAKER_00: We'll not just be reimbursed.
- 45:47SPEAKER_01: Now, that's another counter argument to this,
- 45:51SPEAKER_01: that the wealth,
- 45:51SPEAKER_01: if it passed along,
- 45:52SPEAKER_01: it'll just be invested and won't result necessarily in any more economic activity
- 45:57SPEAKER_01: or incremental activity.
- 45:59SPEAKER_01: But I have a feeling that some of that wealth will be spent because real wages,
- 46:05SPEAKER_01: typically,
- 46:05SPEAKER_01: even though we just covered this a minute ago,
- 46:08SPEAKER_01: are starting to increase,
- 46:09SPEAKER_01: but that's not adequate for a lot of young families,
- 46:12SPEAKER_01: particularly young families that are trying to raise children.
- 46:16SPEAKER_01: And we just covered the cost of raising a child as like 8 million yen through high school.
- 46:22SPEAKER_01: So they need the cash and they need it now.
- 46:24SPEAKER_01: So why not pass it along and make it less taxing to do that?
- 46:28SPEAKER_01: So that was what the purpose of that article was.
- 46:29SPEAKER_01: I don't know if you have an opinion about this or think it's a good, bad idea or what.
- 46:34SPEAKER_01: Let me know in the comments.
- 46:35SPEAKER_01: All right.
- 46:37SPEAKER_01: One final article that I just published a couple of days ago.
- 46:42SPEAKER_01: And Just for the people listening, I'll let you in on a little secret.
- 46:46SPEAKER_01: I actually was a ghostwriter for this article.
- 46:49SPEAKER_01: At least the initial draft came from a good friend of mine who is working for a firm
- 46:55SPEAKER_01: and is helping people in this very situation.
- 46:58SPEAKER_00: What are we talking about?
- 46:59SPEAKER_01: We're talking about the article, Japan pays workers who are too sick to work.
- 47:03SPEAKER_01: So in other words, paid medical leave.
- 47:05SPEAKER_01: But the problem is that the cash payments often are late.
- 47:10SPEAKER_01: And especially when someone is struggling with a pretty catastrophic illness,
- 47:14SPEAKER_01: for example,
- 47:16SPEAKER_01: and they have got a lot of other things
- 47:18SPEAKER_01: on their mind other than paying bills, survival in one case, or at least getting better.
- 47:25SPEAKER_01: It could be a lot worse.
- 47:26SPEAKER_01: It could be a chronic illness that doesn't necessarily have a solution.
- 47:31SPEAKER_01: The problem is that this is just yet another source of anxiety which they don't need.
- 47:35SPEAKER_01: It probably is not all that good for helping people to recover as soon as possible
- 47:39SPEAKER_01: if that's possible.
- 47:41SPEAKER_01: So my friend who's helping right now,
- 47:46SPEAKER_01: so he's a finance manager at a company,
- 47:48SPEAKER_01: he's helping several people work through these issues.
- 47:52SPEAKER_01: The other thing which I kind of knew about since I used to manage a company
- 47:56SPEAKER_01: in Japan,
- 47:57SPEAKER_01: but I had kind of put it on the back burner,
- 47:59SPEAKER_01: I hadn't thought about this in a long time,
- 48:01SPEAKER_01: but if you go out and pay it medically, Yeah,
- 48:04SPEAKER_01: you can apply for the paperwork and get paid in most instances,
- 48:08SPEAKER_01: but you're not going to be paid 100% of your salary.
- 48:11SPEAKER_01: It's basically two-thirds.
- 48:13SPEAKER_01: So, you know,
- 48:15SPEAKER_01: somebody wrote in the comments,
- 48:16SPEAKER_01: I had a similar situation during COVID when I had to take off at least a week
- 48:21SPEAKER_01: or maybe it was a 10 day period.
- 48:24SPEAKER_01: And this person consulted their HR department and was, you know, given two options.
- 48:30SPEAKER_01: Basically, one option was to go through with paid medical leave, but accept a lower salary.
- 48:37SPEAKER_01: But, you know, that's one option.
- 48:39SPEAKER_01: The other option was this person had paid time off or PTO available.
- 48:44SPEAKER_01: So UQ Kyuka, simply use up that.
- 48:47SPEAKER_01: Now, of course,
- 48:48SPEAKER_01: as you probably know or have experience in Japan,
- 48:51SPEAKER_01: typically Japanese workers are notorious for not using their paid time off
- 48:56SPEAKER_01: or UQ Kyuka.
- 48:58SPEAKER_01: And in some cases,
- 48:59SPEAKER_01: like the company I used to manage,
- 49:01SPEAKER_01: we allowed only one year A paid
- 49:04SPEAKER_00: time off to be carried over until the next year.
- 49:06SPEAKER_00: But then if the person
- 49:08SPEAKER_01: at the other end,
- 49:09SPEAKER_01: the tail end of that
- 49:11SPEAKER_00: PTO, if they didn't use it, they'd lose
- 49:13SPEAKER_01: it.
- 49:14SPEAKER_01: I was just shocked by how many Japanese associates would give up PTO or paid time off each year.
- 49:21SPEAKER_01: It was basically almost everyone except for small groups of people.
- 49:26SPEAKER_00: And I could always know exactly who was going to use all that PTO,
- 49:28SPEAKER_01: which was absolutely fine because that's what it's for.
- 49:31SPEAKER_01: But anyway...
- 49:32SPEAKER_01: This article,
- 49:35SPEAKER_01: the person that shared some of the guts of the article
- 49:38SPEAKER_01: with me had done some real research on actual case studies of these people
- 49:45SPEAKER_01: that he's helping and also did supplementary research to look
- 49:48SPEAKER_01: at more national statistics.
- 49:50SPEAKER_01: So, you know,
- 49:51SPEAKER_01: in the whole scheme of things,
- 49:52SPEAKER_01: this might not come across as the most important thing in your opinion.
- 49:56SPEAKER_01: On the other hand, it kind of shed light on A subject which I had never thought about.
- 50:02SPEAKER_01: And certainly,
- 50:03SPEAKER_01: you know,
- 50:04SPEAKER_01: I'm guilty as a former president of the company here,
- 50:07SPEAKER_01: not giving as much thought to just how traumatic this kind of experience could be
- 50:12SPEAKER_01: for somebody that actually has to use paid time.
- 50:14SPEAKER_00: You know, it's not necessarily for
- 50:17SPEAKER_01: like a physical disability.
- 50:19SPEAKER_01: It could be for mental illness or some other anxiety attack or something like that.
- 50:25SPEAKER_01: And just The fact that the money is not immediately available or it takes a lot
- 50:32SPEAKER_01: of paperwork and time to process that paperwork,
- 50:35SPEAKER_01: typically the money payment doesn't come on time
- 50:42SPEAKER_01: in order to pay the bills.
- 50:43SPEAKER_01: In other words,
- 50:43SPEAKER_01: the person that has to pay the bills has to rely upon cash flow,
- 50:47SPEAKER_01: which they might not have.
- 50:49SPEAKER_01: They might not have a financial resource to do that.
- 50:52SPEAKER_01: Now, unfortunately,
- 50:53SPEAKER_01: I didn't go into this in my article,
- 50:55SPEAKER_01: but Sometimes that forces people in this situation to borrow from insurer or sources
- 51:03SPEAKER_01: that charge very high interest rates.
- 51:06SPEAKER_01: So, you know,
- 51:07SPEAKER_01: some of them are not above board.
- 51:09SPEAKER_01: So loan sharks, so yamikin, that would be an extreme case.
- 51:13SPEAKER_01: But unfortunately, it is the fact here in Japan.
- 51:16SPEAKER_01: So the article was leading up to what my friend suggested as a couple
- 51:20SPEAKER_01: of potential solutions, which are listed at the very end of the article.
- 51:24SPEAKER_01: It's kind of a long one this time.
- 51:25SPEAKER_01: Way down at the bottom, I talk about what could change.
- 51:29SPEAKER_01: Certainly a little bit more transparency up front about how the process is supposed
- 51:34SPEAKER_01: to run and how quickly everything can be processed.
- 51:37SPEAKER_01: The key is having an employer that understands the financial timetable
- 51:43SPEAKER_01: when bills are going to be paid and that they can provide
- 51:46SPEAKER_01: the necessary financial supplement in advance or at least on time.
- 51:52SPEAKER_01: So that there is less stress in having to pay these bills.
- 51:55SPEAKER_01: Those are a couple of things, like bridge financing or give a loan or something like that.
- 52:00SPEAKER_01: So these are very practical solutions.
- 52:03SPEAKER_01: I'm not sure how much traction this particular piece will get,
- 52:07SPEAKER_01: but I just wanted to throw this out there to everyone,
- 52:10SPEAKER_01: especially if you're a resident foreigner in Japan.
- 52:13SPEAKER_01: And let's say a young person that might be completely physically fine and not,
- 52:18SPEAKER_01: you know,
- 52:18SPEAKER_01: maybe you noticed a section in this and the work rules of your company,
- 52:22SPEAKER_01: Shugyo Kisoku,
- 52:22SPEAKER_01: when you first joined,
- 52:23SPEAKER_01: but you kind of perused over that because you have no experience and
- 52:27SPEAKER_00: you're healthy,
- 52:27SPEAKER_00: young and healthy.
- 52:29SPEAKER_01: Well, you know, unfortunately, not everyone is going to be young
- 52:32SPEAKER_00: and healthy forever.
- 52:34SPEAKER_01: And at the point when you might need
- 52:39SPEAKER_01: You want to know what your rights are, how much money you can expect.
- 52:43SPEAKER_01: And to many,
- 52:44SPEAKER_01: unfortunately,
- 52:45SPEAKER_01: it comes as a shock
- 52:46SPEAKER_00: that, oh,
- 52:47SPEAKER_00: wait a minute,
- 52:47SPEAKER_01: you're not going to pay me my full salary if I take paid medical time off?
- 52:51SPEAKER_01: No, you're not going to get that in Japan.
- 52:53SPEAKER_01: So, no, it's better than getting nothing, okay?
- 52:57SPEAKER_01: So it's definitely occurring.
- 53:00SPEAKER_01: But also you have to be aware that you might not get reimbursed right away or
- 53:05SPEAKER_01: at least on time to actually pay your bills.
- 53:07SPEAKER_00: So what do you do about that?
- 53:09SPEAKER_01: Now, luckily, some hospitals are understanding and that they'll work with you, I believe.
- 53:16SPEAKER_01: And of course,
- 53:16SPEAKER_01: there is a great program through Japanese National Health Insurance,
- 53:20SPEAKER_01: which is kind of a corollary to the health insurance program,
- 53:24SPEAKER_01: which is a program to take care of extremely high medical bills.
- 53:28SPEAKER_01: So there are limits as to how much you can be charged.
- 53:31SPEAKER_01: But, you know, it's still quite a bit of money.
- 53:34SPEAKER_01: And now compared to where I'm from,
- 53:36SPEAKER_01: where The United States,
- 53:37SPEAKER_01: where a lot of people get their health insurance through their employer,
- 53:42SPEAKER_01: it's light years better, okay, here in Japan.
- 53:45SPEAKER_01: But especially when you consider the high deductibles that a lot of people sign up
- 53:49SPEAKER_01: for in the United States,
- 53:50SPEAKER_01: like thousands of dollars of deductibles,
- 53:52SPEAKER_01: meaning that you pay that out of pocket on your own cash flow before you get any
- 53:58SPEAKER_01: from insurance.
- 53:59SPEAKER_01: In Japan...
- 54:00SPEAKER_01: The National Health Insurance Program is terrific, really.
- 54:03SPEAKER_01: And I've written other articles about that.
- 54:05SPEAKER_01: I have been hospitalized a couple of times.
- 54:07SPEAKER_01: I'm fine.
- 54:08SPEAKER_01: But, you know, those were for me in my 50s.
- 54:13SPEAKER_01: That was the first time to have to be hospitalized.
- 54:15SPEAKER_01: It came as a shock.
- 54:16SPEAKER_01: What was kind of a nice surprise was just how good
- 54:20SPEAKER_01: the National Health Insurance Program is and how much money that covers.
- 54:24SPEAKER_01: But anyway,
- 54:25SPEAKER_01: This is a topic that my friend feels strongly about,
- 54:28SPEAKER_01: and I learned a lot from his research and augmented that essentially by using
- 54:33SPEAKER_01: that Gemini notebook to do some research
- 54:37SPEAKER_00: and then
- 54:37SPEAKER_00: poke holes in the thinking
- 54:39SPEAKER_00: by using AI.
- 54:40SPEAKER_01: So that was the most recent article that I just published.
- 54:44SPEAKER_01: Once again, wow, we have quite a few people joining us.
- 54:48SPEAKER_01: I've been doing a lot of talking.
- 54:49SPEAKER_01: I need you to fill in here, but I'm going to take a swig of my Kirin Ichiban.
- 54:53SPEAKER_00: If you haven't been Keeping up with me.
- 54:59SPEAKER_01: Now's the time to do that.
- 55:00SPEAKER_01: All right,
- 55:01SPEAKER_01: we're having more than enough fun tonight with the Halloween edition of Beers
- 55:05SPEAKER_01: with Real Gaijin.
- 55:07SPEAKER_01: So I'm curious, does anyone have plans to do actual trick-or-treating here in Japan?
- 55:12SPEAKER_01: In my neighborhood,
- 55:13SPEAKER_01: down in Kyushu,
- 55:15SPEAKER_01: most of my neighbors have never heard of Halloween
- 55:17SPEAKER_01: or they definitely don't know anything about trick-or-treating.
- 55:20SPEAKER_01: They might have heard of Halloween.
- 55:21SPEAKER_01: We are going to decorate our house a little bit.
- 55:24SPEAKER_01: I enjoy that.
- 55:25SPEAKER_01: Excuse me.
- 55:26SPEAKER_01: And, uh, I don't, excuse me again.
- 55:30SPEAKER_01: I don't know if we're going to have any trick or treaters.
- 55:33SPEAKER_01: I kind of doubt it.
- 55:34SPEAKER_01: So we're probably not going to prepare candy,
- 55:36SPEAKER_01: but I can share a little bit about the experience of living in a suburb of Chicago
- 55:41SPEAKER_01: where this was a huge event.
- 55:43SPEAKER_01: We used to get like probably at least 200 kids and they'd come in packs
- 55:48SPEAKER_01: and they'd ring your doorbell.
- 55:49SPEAKER_01: And of course I had this guy on hand to scare them, but, uh,
- 55:53SPEAKER_01: You know,
- 55:53SPEAKER_01: they'd sing trick-or-treat and usually the young ones like who are four
- 55:57SPEAKER_01: to maybe seven would go around with their parents who would often stand off at
- 56:01SPEAKER_01: the street and let their kids go up to the door and,
- 56:04SPEAKER_01: you know,
- 56:05SPEAKER_01: say trick-or-treat and then you'd have to feign,
- 56:07SPEAKER_01: oh, you're so scary and so forth, what would you like?
- 56:10SPEAKER_01: And then you'd have to remind them just take one or two,
- 56:13SPEAKER_01: otherwise they'll take like 10 different pieces of candy and then
- 56:18SPEAKER_01: the older kids would come too.
- 56:20SPEAKER_01: So I know I have two boys who they used to absolutely love this.
- 56:25SPEAKER_01: And when they got a little older, they didn't have to go around with their parents.
- 56:28SPEAKER_01: They would go in groups and, you know, there would be a curfew, of course, in my little town.
- 56:35SPEAKER_01: But they went right up to the curfew.
- 56:38SPEAKER_01: And then what happens is because, you know,
- 56:40SPEAKER_00: unfortunately, there are some.
- 56:42SPEAKER_01: Weird people out there that put strange things in the candy.
- 56:45SPEAKER_01: So what they did is they bring all their candy back and we were surprised
- 56:49SPEAKER_01: at how much they would get.
- 56:51SPEAKER_01: And we searched through each piece of candy to make sure it looked okay and
- 56:54SPEAKER_01: the packaging was still intact.
- 56:57SPEAKER_01: Because unfortunately,
- 56:58SPEAKER_01: every year
- 56:59SPEAKER_01: there was some Horrible events where the candy was tainted and there'd be
- 57:03SPEAKER_01: an accident, but we didn't want that.
- 57:05SPEAKER_01: Luckily, we didn't have any experience.
- 57:06SPEAKER_01: But then the biggest problem was, okay, you can't eat all this at once.
- 57:10SPEAKER_01: You have to ration this out and it's going to take like a month or two to get
- 57:14SPEAKER_01: through all the candy.
- 57:16SPEAKER_01: So anyway, it's a lot of fun.
- 57:17SPEAKER_01: I think it is catching on, at least in Tokyo, I understand, in certain neighborhoods.
- 57:22SPEAKER_01: Maybe it's done more at schools in Japan, which is fine, but it's not the same thing.
- 57:28SPEAKER_01: And You know,
- 57:29SPEAKER_01: at least in the United States where I'm from,
- 57:32SPEAKER_01: I had one colleague at work who literally spent half of every year with her husband
- 57:38SPEAKER_01: and family decorating or planning the hollering decorations and then going all out.
- 57:43SPEAKER_01: Usually like you start putting up the decorations.
- 57:47SPEAKER_01: About two weeks in advance of Halloween and like the whole house is covered
- 57:52SPEAKER_01: and she would videotape this and, you know, everyone couldn't believe it.
- 57:56SPEAKER_01: There's always one house in every neighborhood where
- 58:00SPEAKER_01: the person just is like totally focused on Halloween.
- 58:04SPEAKER_01: All the kids love this house.
- 58:05SPEAKER_01: Not necessarily the house that gives out the most amount of candy,
- 58:08SPEAKER_00: but the decorations are extraordinary.
- 58:10SPEAKER_01: And then, you know,
- 58:11SPEAKER_01: kind of curiously,
- 58:13SPEAKER_01: You know, we've got our adult beverages for beers with realgaijin.
- 58:19SPEAKER_01: A lot of the houses in the neighborhood,
- 58:22SPEAKER_01: including,
- 58:23SPEAKER_01: we did this too,
- 58:24SPEAKER_01: we would have Halloween gifts for the parents that are coming along too,
- 58:28SPEAKER_01: and it would often be cold beer.
- 58:31SPEAKER_01: So anyway, in that spirit, we'll get back into the experience of beers with realgaijin.
- 58:39SPEAKER_00: Tastes good.
- 58:40SPEAKER_00: Not as good as the Halloween snack, but Anyway,
- 58:43SPEAKER_01: oh, another comment.
- 58:45SPEAKER_01: School kids did their costume parade today.
- 58:47SPEAKER_00: Oh, in Japan.
- 58:49SPEAKER_00: The holiday has really come a long way since my kids were
- 58:51SPEAKER_01: in school there.
- 58:52SPEAKER_01: They even had a huge pumpkin omikoshi.
- 58:55SPEAKER_01: Oh, wow.
- 58:56SPEAKER_01: Wow.
- 58:56SPEAKER_01: All right, I'm impressed.
- 58:57SPEAKER_01: Wow, we're out in the sticks down here in Oita Prefecture in Kyushu.
- 59:01SPEAKER_01: We don't have that.
- 59:02SPEAKER_01: That's great.
- 59:03SPEAKER_01: I wonder if they actually carved jack-o'-lanterns out of real pumpkins, not plastic ones.
- 59:08SPEAKER_01: Hopefully they did.
- 59:10SPEAKER_01: That's good.
- 59:11SPEAKER_01: Hey, if it's done at school,
- 59:12SPEAKER_01: that's fine, but it would be even more exciting to do it in the neighborhood.
- 59:17SPEAKER_01: Well, believe it or not, it's exactly 10 o'clock.
- 59:20SPEAKER_01: We've been going for an hour.
- 59:22SPEAKER_01: Thank you for your participation.
- 59:24SPEAKER_01: We had quite a few people join us.
- 59:26SPEAKER_01: I'm surprised.
- 59:27SPEAKER_01: I hope I'm entertaining to you.
- 59:30SPEAKER_01: Certainly use that chat functionality next time.
- 59:33SPEAKER_01: I'll do it again next month.
- 59:35SPEAKER_01: We'll have another beer.
- 59:38SPEAKER_00: So tonight was Kirin
- 59:40SPEAKER_01: Ichiban Shibori Toast Zero.
- 59:41SPEAKER_00: So kind of healthy, sort of.
- 59:45SPEAKER_01: Next time I will search wide and far for another choice of beer.
- 59:49SPEAKER_01: And I'm curious to know through the comments what kind of beer
- 59:54SPEAKER_00: or other alcoholic beverage or whatever you're having tonight.
- 59:58SPEAKER_01: All right.
- 59:58SPEAKER_01: Thank you again for joining.
- 1:00:00SPEAKER_00: Have a wonderful evening and have a great week leading up to Halloween.
- 1:00:04SPEAKER_01: Hopefully you'll have more Halloween activities just like tonight.
- 1:00:07SPEAKER_01: Alright, that's it for tonight.
- 1:00:10SPEAKER_01: Goodbye.
- 1:00:10SPEAKER_00: Kampai.