Deutsche Bank: Ending “death by overwork” is bad for Japan’s economy..fuck you DB!

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https://www.rt.com/business/377969-japan-overwork-economic-growth/

Efforts by Japan’s authorities to curb long work hours could weigh heavily on the country’s economic growth, a study by Deutsche Bank found. The Japanese are recognized one of the world’s most overworked nations.

According to CNBC, the bank said in a note that “cuts in overtime hours lead to lower household income, corporate earnings, and the economy’s potential output.”

It added that labor intensive industries that depend on domestic demand and have a greater weight of part-time workers in their workforce are likely to suffer more.

“Unclaimed overtime, negative publicity and the fallacy of composition all reinforce the ‘shorter work hours shock.”

The bank cut its economic growth forecasts for Japan to 1.0 percent in 2017 and 1.1 percent in 2018, from 1.1 percent and 1.4 percent respectively.

“Japanese employees often work longer than their reported hours in what is known as ‘unclaimed overtime,’ which does not show up in official data,” Deutsche said. “As such, the actual extent of the cut in overtime work is likely to exceed the published data, which cannot be fully countered by the rise in labor productivity.”

It also said a decline in working hours across the economy would hurt household income and spending. That would spur a negative feedback loop as corporate sales and profits also fall.

According to police statistics, more than 2,000 people in Japan committed suicide in 2015. Work stress was cited as one of the leading causes. There’s even a Japanese word ‘Karoshi’ which means death by overwork. The term was coined in the 1970s and is still dominating the national headlines.

———

seriously..fuck you banksters..

“Efforts by Japan’s authorities to curb long work hours could weigh heavily on the country’s economic growth, a study by Deutsche Bank found.”

the slaves will not be granted any respite!

“According to CNBC, the bank said in a note that “cuts in overtime hours lead to lower household income, corporate earnings, and the economy’s potential output.”

duh..and what about the uptick in the quality of life??

“According to police statistics, more than 2,000 people in Japan committed suicide in 2015. Work stress was cited as one of the leading causes.”

401

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~ by seeker401 on February 23, 2017.

6 Responses to “Deutsche Bank: Ending “death by overwork” is bad for Japan’s economy..fuck you DB!”

  1. Reblogged this on World Peace Forum.

  2. Funny fake news interview

    • ‘Can you tell me the definition of fake news?’ – host
      ‘What we are doing right now.’ – guest

      That was funny. The host could not take it, and stopped the interview with all the guests it appears.

    • this is better:

      • You know as well as I that the press has been controlled for over 100 Years. The CFR was created and one of its main goals was to gobble up the media for mind control.

        Operation Mockingbird as well.

        https://en.wikipedia.org/wiki/Operation_Mockingbird

        The CIA and our Govt has controlled the media and with the executive orders that have been passed, they state specifically that propaganda will be used on the citizens.

        And of course the CIA was the OSS and Operation Paperclip brought 1600 Nazi’s into the US:

        https://en.wikipedia.org/wiki/Operation_Paperclip

        They have an agenda. You know what that agenda is. You know who they are protecting. JFK knew and he actually was the last person that attempted to do anything about it and he spilled it all. That secret society speech is pretty damning.

        Look where that got the Kennedy family.

        All the world’s a stage.

        Have you seen this video:

        Amazing video, they deserve a fucking award!

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