China’s vocational education woes taking economic toll

Deciding whether to pursue educational or vocational training is not easy. Training costs time and money, and is expected to deliver higher economic returns than the price paid to obtain it. This problem is exacerbated simply by global uncertainty, employment market mismatch and overeducation. In China, a lot of students choose to visit a vocational school mainly because […]

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Kishida’s ‘new capitalism’ old wine in a stale bottle

TOKYO – Japanese Prime Minister Fumio Kishida took workplace last October guaranteeing a “new capitalism” to end deflation plus boost living requirements. Ten months upon, the enterprise already looks rather aged.

The problem: Kishida’s Liberal Democratic Party (LDP) is usually placing its wagers on a 31 yen per hour boost – a paltry US$0. 23 – in the minimum wage. May gambit that’s nor new nor especially capitalist nor prone to catalyze the virtuous period of rising consumer need Tokyo now desperately needs.

To be sure, there’s value to raising the particular minimum hourly spend from the current 961 yen, or US$7. 20, during the current fiscal year closing in March 2023. Yet two big concerns are already undermining what Kishida’s party is spinning being an epochal achievement.

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