As I was struggling to find an article that was interesting to write about, I came upon this article about Japan's inflation. As I was reading it, it states that Japan is about to raise their prices on their products, but not their employees wages. This can be a benefit, when selling their products to other countries, but not to their own people. However, Japan[Or as they call it,日本(Nihon)] is a very small country, and it's products don't sell a whole lot to other countries such as the U.S. So by increasing their own prices even among the people, the Japanese government will have more money to spend. But this still can't quite be done. Since Japan is a small country, the people can't pay for this, even though the increase is only going to be about 2%, this could still effect a lot of people. Seeing as the average wages in Japan is pretty low for average jobs, this can really effect the average Joe of Japan.The average annual wage for a high school teacher is 7,064,000 yen a year, that equals about $60,000(due to the changing fact of yen and dollar comparison). Monthly would be about 588,666 yen which is about $5,000. And that's pretty good if you ask me. But wait! What about the other expenses? Let's start with taxes. And according to Jetro, how you would be taxed, would go like this. For employment, your deductions would be your salary, X 10% + 1,200,000 yen, if your annual salary was over 6,600,000 but below 10,000,000. So if I'm gonna be a high school teacher, then I would be left with 5,157,600 yen. Which is about $45,000 a year, and about $3,700 a month. let's calculate this in monthly. So then, there's food,(let me calculate in U.S dollars) and I'd probably(while alone) spend about $120. Let's say I owe mortgage, $1,000. Transportation, about $300. Electricity, about $250. Water, about $250. Air conditioning or heating, about $250. Then after all that, I'm left with $1,530, that's about 174,000 yen. And with that in mind, I can use that to buy some other things like clothes, appliances, and have some money for recreation. However, the last list of things will have and increase on all prices. Meaning, I would probably run out of all my money real fast. But the prices would always increase, and some of those cheap things I might buy would now be the expensive ones. 2% on a dollar is only a two cent raise, and a 2% on 100 yen is 102 yen(a 100 yen is almost equivalent to a dollar). This may seam like not a lot of difference, but that's just a little bit of yen. if we take 1,000 yen X 2%, then that equals 1,020 yen. 10,000 yen becomes 10,200 yen, 100,000 becomes 102,000, and so on. The higher the numbers go, the higher the significance this 2% raise is. And this applies to everything you buy as a consumer. Yes a high school teacher doesn't get a lot of money to begin with, but there are jobs with a lower salary. But even the higher paying jobs will still be effected because of those who might buy higher priced products. So, Japan does have the right idea with increasing their products, but that's only if the other countries are buying their products. However, increasing the regular products inside the country can also be good, if they take it away in about half a year. Because if they keep it, the Japan will become poor real quick.
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