$20,000 annual pay: Japan's weak yen drives away Asian talent
$20,000 annual pay: Japan's weak yen drives away Asian talent
Companies face trouble recruiting students from China, Taiwan and South Korea
Takeshi Fukumoto, from Nara prefecture, obtained a working holiday visa in November and moved to Toronto, where he works at a restaurant kitchen.
He makes 22 Canadian dollars ($16) an hour and averages 40 hours a week. "Despite my short hours, I earn a lot," he said. "Including tips, my monthly income is over 400,000 yen."
He said he keeps living costs down by cooking for himself and has saved more than 1 million yen.
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weak yen
looks
They're not joking.
https://www.tradingview.com/symbols/JPYUSD/
In the past 12 years, it looks like the yen has lost half its value in dollar terms.
I wonder what's driving that?
kagis
Ah.
The yen has long been under pressure as the Bank of Japan kept interest rates remarkably low to encourage more inflation in its economy. Only last month did it end its policy to keep its benchmark interest rate below zero.
I went to Japan earlier this year.
On one end, I was extremely amazed at how far my money went.
On the other end, watching shitty tourists treat Japan like a playground was disheartening.
Love that you Kagi'd the answer!