Currently Japan suffers from low wages, overproduction of grain, and a lack of consumption. One of the first steps I will make is to lower the exchange rate, incrementally over the next 5 weeks from .035 to .030. It is a fact of life that Japan is resource deficient. It is not something that is likely to change until next year. Lowering the exchange rate will help make our exports more competitive abroad. Japan already is approaching the lowest priced guns in the world, and would see a huge boom were that to happen. Lowering the exchange rate will lower the cost of skill 0 labor and the new citizen fee, which will help us manage a large baby boom of RL Japanese that some are planning.
The problem of low wages is something that affects people of all skill levels. My economic advisers have told me that, one way to raise the wage floor is to establish state owned grain and food companies. These companies would employ people at wages equal to the average wage for a skill level in the world for their type of production. This would create a new wage for for at least 20 people and would spur other business owners to raise wages to compete. Also, by paying wages and selling goods pegged to the international average value we would buffer our internal grain economy from severe shocks as we have recently seen.
Finally, I would like to explore the idea for giving Japanese business either loans or grants to upgrade quality level. If a company sees that it can be more productive and profitable by doing so then I believe the government may want to provide some aid for enlarging Japanese production. This aid would be open to all companies owned by Japanese citizens, and based in Japan, subject to review by the Ministry of Finance.
Thank you all for your time, and feel free to debate these ideas here or on the forums at www.nipponblog.net/forums
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