Commentary: New yen notes hold lessons for Japan today

Commentary: New yen notes hold lessons for Japan today
Commentary: New yen notes hold lessons for Japan today

LESSONS FOR Now

The experience of all three can help the world of today.

The value of subjection to fresh thoughts is the first lesson. The group received formal global education, incorporating what was then cutting-edge knowledge before returning it to their home country. The number of Chinese studying abroad is declining right now, and this trend started before COVID-19 and the poor yen. Authorities should take lessons from the couple’s experience and make strides to change that tendency.

Third, create things. When Japan’s monetary bubble burst in the early 1990s, the tradition of alumni favouring working at healthy, big firms became entrenched. In recent years, that’s only beginning to relax: Let these teachings promote that pattern.

Tsuda’s women’s college did become a prominent university. Kitasato created a pioneering center for communicable disease study, and co- founded what would become today’s US$ 24 billion maker of clinical devices, Terumo. Shibusawa abandoned the security of the finance department to pursue a prolific leader and proto-venture, establishing organizations like the Tokyo Stock Exchange.

Ultimately, it’s never too late to change. Tusuda was in her 30s when she founded her school, but she did n’t start going to college until she was in her mid-20s. Shibusawa was one of the staunchest supporters of bringing Northern thought to Japan when he was younger and started spreading anti-ex-Western extremist views. The fear of following the improper way persists despite the fact that the land is becoming more accepting of various pathways to success nowadays.

Wealth, health, education and lobbying: Youth in the Japan of today may find many to know from this group – assuming, of course, they’re never reaching for their digital payment- prepared smartphones otherwise.