Although the Japanese economy is out of World War II, it is one of the leading economies in the world. The per capita national income is around $ 40,000, the unemployment rate is 3% and the rate of inflation is 1%, although it is undesirable. How did the Japanese become an economic and technological force despite the severe defeat after the Second World War? This is the first question that comes to mind. By the end of the 1980s, the Japanese have done projects alone in the state that the private sector would not dare to enter, with power, a strong bureaucracy and large corporate groups, and have still become the third largest economy in the world.
The biggest problem of the Japanese is the insufficient consumption resulting from the pessimism of the people and the inflation being close to zero and the production cannot be increased due to this effect. One of the reasons behind the pessimism of the people; With the increasing population of the elderly, the share of the state for social insurance will increase and the country, which already has a high domestic debt, will fall into even more debt. What Japan particularly emphasizes is to enable the public to consume more. The Japanese people have a minimal-loving structure. Consuming as it needs to accumulate more income to these communities in particular make investments in Turkey by Japanese housewives savings.
Another side of the coin, which is also seen in Turkey, especially from 2002, differences in consumption habits together with the increase in national income this way. Especially the generation born in 2000 and after; Turkey’s welfare are experiencing increasing periods. The implications of this are that consumption is more intense than the disposition trend, unlimited needs are taken to waste, and the resources are blown as if they will never end. As the ancients said, “Where does the water of this mill come from, nobody knows.” Is it true that we did it or that of the Japanese? Turkish people tend to save a lot on the orientation of the external debt of the private sector’s domestic debt is less and the result is caused to become Turkey’s export dependent. In addition, the Japanese not only invest in their own state as domestic debt; that Turkey is of high interest, such as transferring the money to the countries they see as a safe haven. In this respect, particularly on consumption which is below the desired level, which I think should be compared with Japan’s Turkey.