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Economics: Normal and Inferior Good

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 Explained: Normal and Inferior Goods By Ken Lowell Tiin NORMAL GOODS Ipagpalagay natin na ikaw ay nagtatrabaho sa isang maliit na kompanya sa Davao. Makalipas ng ilang buwan, tumaas ang sweldo mo. Dahil sa pagtaas ng sweldo mo, tumaas din ang konsumo ng pagkain ng cake. Sa sitwansyon na ito, ang cake ay isang Normal Good. Ang konsumo ng cake ay dadami kung taas ang income (sweldo) at liliit ang komsumo kung bababa ang income na natanggap. INFERIOR GOODS Iba na man ang sitwasyon ng Inferior Goods.Habang tumataas ang income mo, ang konsumo ng Inferior good bababa. Halimbawa nito ang mumurahing produkto katulad ng Street foods. Dito, ang street foods ang isang Inferior good dahil habang tumataas ang Income ng isang tao, bumababa naman ang kanyang pagkosumo ng street food. Nagiging mag prefer kumain sa isang magandang restaurant as a reward for himself/herself. Makakatulong din ito sa mga Future entrepreneurs ang impormasyon na nito  kung paano gumawa ng isang mabisa at epektibong strateh

Chiba 2021 Election

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magsisimula ang voting sa Chiba Prefecture ngayong 21st March. Sino-sino nga ba ang tatakbo sa gubernatorial at Chiba city mayor elections? kilalanin natin sila. photo: Tokyo Shimbun for Governor: Toshihito Kumagai (43) left, former Chiba City Mayor and former Chian city council. Rie Kanamitsu (57)middle, former Cram school teacher and former activist (when her 20s). Masayuki Seki (41) right, a lawyer and member of Chiba city council. for City Mayor: https://www.tokyo-np.co.jp/article/90258?rct=chiba

NGIPIN NG MGA BATA, NABALI DAHIL SA UDON

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  Photo: Asahi Mayroong 6 na grade school students at 1 school teacher ng Asaka Elementary School sa Saitama ang nabalian ng ngipin dahil sa matigas na Udon na kanilang kinain sa paaralan noong march 11.  3 sa 6 na bata ay dinala sa ospital upang gamutin. Mayroon ding ibang bata ng nagkasugat-sugat ang mga bibig nito dahil sa udon na kinain. kahit daw matigas ang Men, wala naman daw itong masamang epekto sa katawan ng mga bata. source: Asahi Shimbun

JAPAN, US, AUSTRALIA, and INDIA as a QUAD ALLIANCE

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Photo: Nikkei Asia Tinawag na QUAD Alliance o Quadrilateral security dialogue ang Japan, US, Australia, at India matapos itong mag meeting noong march 13,2021 upang pag-usapan ang maraming isyu na hinahanap ngayon. Present sa virtual meeting si Japan Prime Minister Yoshihide Suga, US President Joe Biden, Australian Prime Minister Scott Morrison, at si Indian Prime Minister Narendra Modi. Ito ang ka una-unahang meeting ng QUAD Alliance. Base sa report ng CNN, nais ni President Biden na "Unite" ang kaninang malalakas na allies upang hanapin ang China na resolba ang problemang Dispute. Patuloy at aktibo pa rin ang China sa kanilang ginagawang Territorial claims across the Indo-Pacific  Ito ang mga Major Points na napag-usapan: > free and open Indo-Pacific  > Ang importansya ng pagbabalik ng Democracy sa Myanmar > Pagresolba sa problemang "Comfort women" sa Japan at North Korea > kooperasyon ng 4 na bansa sa pagkuha ng COVID-19 Vaccine upang ipamahagi sa Ind

100 million doses of Pfizer vaccine in June

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  Photo: kyodo Vaccine Czar taro Kono announced today in the press that Japan will receive 100 million doses of COVID-19 vaccine from US company Pfizer in June. 100 million doses will be enough for 50 million people which is one third of Japan population. Source: Kyodo

iPS cell transplant Surgery matagumpay

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 Matagumpay ang isinagawang transplant surgery ng mga doktor at researcher gamit ang iPS cell sa Kobe Eye Center Hospital, Kobe City, Japan. Ito ang kauna-unahang transplant surgery na nagtagumpay. Natapos ang operation sa isang oras lamang.  Gumawa ang mga researcher ng isang retinal pigment Epithelium gamit ang iPS Cell at nilagay sa mata ng pasyenteng mayroong eye injuries.  Photo of retinal pigment Epithelium by ResearchGate Dagdag pa ng ospital, within 5 years susubukan din nila ang clinical study (transplant surgency) sa 50 kataong may sakit sa mata. Sabi ng ospital, optimistic sila na magtagumpay ang sinasagawang study upang mabigyang ang lahat ng may saki ¥t sa mata ng "have hope in the future".  source: Kobe Shimbun, ResearchGate

PM Suga to visit US in April

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Photo: Britannica Japan Prime Minister Suga announced today (Friday) he plans to visit Washington in April.  He plans to talk with President Biden to tackle to strengthen the Japan-U.S. alliance and affirm close coordination over pandemic and increasingly assertive China (myanmar, hong-kong etc.). Source: Kyodo 

Kishida new proposal to PM Suga

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  photo: USNews Fumio Kishida, a member of Liberal democratic Party in Japan, proposed a new economic policy yesterday (march 10) during the meeting with Prime Minister Suga. Proposed: > To fully use the government emergency fund for the year of 2020 and 2021  > To redistribute relief package to the affected individuals > To support "GO TO MANABI NAOSHI" campaign for non-full time or irregular employees > To study the effectivity of last year relief package distributed Source: Yomiuri Shimbun

Vaccine Status in Japan

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  Daiichi Sankyo announced yesterday (march 10) that the COVID-19 Vaccine they are developing with University of Tokyo will enter into special examination within this month. Age 20 to 75 will be part of this study. Daiichi Sankyo and University of Tokyo COVID-19 Vaccine will be the third (among 4) vaccine to be developed in Japan. Source: Yomiuri Shimbun

2011 Tohoku Earthquake and Tsunami

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Basic information of The 2011 Tohoku Earthquake and Tsunami or The Great East Japan Earthquake When: March 11, 2011 2:46pm Epicenter: 24 kilometers depth and Magnitude 9.0 Duration: 6 minutes Affected areas: S ignificant damage mainly to Iwate, Miyagi and Fukushima prefectures Death: 15, 899 people Missing: 2,526 people House Damage: 40,5117 Evacuees: 41,241 Source: Yomiuri Shinbun, 

Mobile Payment Application ranking in Japan

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“Smartphone Payment service” is done by Oricon me on september 1, 2020.   The criteria of the survey:  Easy Sign up, Point service, Payment usefulness, App’s usefulness, Support service and Security.

FEATURE | Top 10 Companies in Japan based on brand Image

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The 33th Company Brand Image survey is conducted by Nihon Keizai Shimbun and Nikkei Advertising Institute.  Current news of the companies mentioned above: Toyotaトヨタ自動車 Toyota ranks 1st among numerous global companies.  Toyota Motor Corp.’s fiscal third quarter profit totaled 838.7 billion yen ($8 billion), up from 559 billion yen the previous year. Although its business operations are still suffering because of the pandemic, cost cuts and other efforts including online marketing campaigns helped boost its bottom line, Toyota executive Kenta Kon told reporters. Global vehicles sales are rebounding in the latest quarter, with Toyota selling more vehicles in the U.S., Japan and Europe, compared to the previous fiscal year (Asahi Shimbun). Toyota now is exploring another renewable energy such as Hydrogen for automobile. Toyota debuts a new car called “Mirai” or "Future" in English. While many companies are shifting from gasoline to electric, Toyota has different strategy. They in

Business | Japan mortgage rate tatas

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Photo: Japan Times Hindi nakaligtas ang stock market sa epekto nang pagtaas ng 10 years treasury yield sa US. Ang pagtaas ng Bond rate ay sa positibong epekto dala ng $1.9 trillion Covid relief bill at economy strains toward recovery pagkatapos marami na ang nabakuhan ng Covid19 vaccine. Subalit, malaki ang epekto nito sa Stock market. sa ngayon (february 27, as of 18:40 sa Tokyo), nasa 30,932.37 (-469.64)(-1.50%) ang Dow Jones Industrial Average at 3,811.15 (-18.19)(-0.48%) ang S&P 500.  Inaasahan na mas gaganda ang ekonomiya ng US ngayong taon. Hindi rin nakaligtas ang Japan.  February 26, nag labas ang 2 big banks ng Japan (Mizuho Bank at Mitsui Sumitomo Bank) ng statement na itatas nila ang mortgage rate simula ngayong marso 2021. Ayon pa Asahi Shimbun, magtataas sila ng higit 0.05% interest rate. Source: Asahi Shimbun, Yahoo Finance, AP

Health | 6 PREFECTURES TO BE LIFTED FROM SOE

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                            Photo: Yumiuri Shimbun Japan government announces today (Feb. 26) that they will lift the State of Emergency to the 6 prefectures among 10 until this month.  The 6 prefectures are Gifu, Aichi, Kyoto, Osaka, Hyogo, and Fukuoka prefectures.  4 prefectures in Tokyo metropolitan which are Tokyo, Saitama, Chiba, and Kanagawa are not included for this sanction.  Therefore, Tokyo Metropolitan will still be under State of Emergency until march 7. Source: Yumiuri Shimbun

Business | AIRASIA JAPAN FILED BANKRUPTCY

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                         Photo: Yumiuri Shimbun  AirAsia Japan is known as LCC or Low cost carrier and it brings Joy to all Japanese who travel abroad. But on Feb. 25, the company filed for bankruptcy before the Tokyo court.   Due to the impact of the Covid-19 pandemic, AirAsia suffers a huge loss of 2.17 billion yen. Source: Yumiuri Shimbun

Social | JAL & ANA RECRUITMENT LIMIT

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JAL group announced that the company will hire only 200 fresh graduates for the year 2022. This year, JAL group (entire) alters its plan to recruit 1,700 to 200 fresh graduates.  It says that JAL will continue to control(limit) its recruitment process. This is due to a huge deficit last year 2020. This deficit is because of other countries restriction to travel and Japan government’s “go to Travel” postponement.  JAL group adds that they start to eliminate some employees’ bonuses. ANA Holdings will postpost its recruitment this year 2021 and next year 2022. Source: Yumiuri Shimbun

Social | 8 countries to limit its fishing of Sanma (Pacific) saury

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         Photo: Japan Info On February 25, 2021, 8 countries including Japan, China, Taiwan, Russia, Vanuatu, US, Canada tackled the preservation of ocean environment among participants.  These after the research found out that Sanma catched decreases every year. In this meeting, 8 countries agreed to limit its fishing from 556,250 tons of Sanma to 333,350 tons.  The agreement is 2 years period starting this year.   Source: Yumiuri Shimbun

2022年フィリピン大統領選に注目

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                                 Photo: News5 来年のフィリピン大統領選はフィリピンの将来を決まる。 OCTA Researchの調査によると 1位:サラ・ドゥテルテ(ダバオ市長、ドゥテルテ大統領の娘) 22% 2位: グレース•ポ (上院議員) 13% 3位: マニー・パッキャオ (ボクサー、上院議員) 12% 4位: ボンボン•マルコス(フェルディナンド・マルコス独裁者の長男) 12%  5位:イスコ•モレノ(マニラ市長) 11% 6位: ボン•ゴ(上院議員) 6% 7位: レニー•ロブレド(フィリピン副大統領) 5% 8位:ティト•ソート(上院議長) 3% 9位:アラン•カエタノ(下院議員) 3% 10位:マル•ロハス(2016年大統領選でドゥテルテ氏の強敵) 2%

Health Ministry: 4420万円 para sa mga nasawi sa Covid-19 vaccine

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                       Photo: Asahi Shimbun Ito ang sagot ni Health Minister Tamura nang tinanung ng opposition kung magkamo ang matatanggap sa masasawi.  Nagkakahalaga ito ng 4420 万円  o 20.3M pesos para sa mga masasawi dahil sa Covid-19 Vaccine. Matatandaan na nag simuna last week ang pagbabakuha sa Health Workers. Sinimulang ito sa Tokyo Hospitals.  Ang pera ay matatanggap ng pamilyang naiwan ng masasawi at mayroon ding dagdag na 20 万 9 千円  para sa gastos sa pag libing nito. Para naman sa magkakaroon ng permanent condition, nakakatanggap ng 505 万 6800 円  (2.3M pesos) every year. Kung sa balay lang magpapagaling, makakatanggap ka ng additional 84 万円  for nursing care service fee.  Source: Mainichi Shimbun, Yahoo!Japan News

Suicide Rate ng mga student Tumaas

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                                Photo: Asahi Shimbun Base sa datos ng MEXT, noong isang taon (2020)may naitalang 479 katao ang nag suicide. Tumaas ito previous year ng halos 41.3 percent. Ito na ang pinakamataas ng suicide rate ng Japan.  Sabi ng MEXT, isa sa mga dahilan ng pagdami ay “ social unstability due to COVID-19”. ( 新型コロナウイルスの感染拡大による社会不安が影響した可能性がある」 ). Elementary student: 14 Junior High School student: 136 Senior High School student: 329 Source: Yahoo!Japan, Mainichi Shimbun

Japan’s Public dept ¥1.2 quadrillion

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Based on the report of Ministry of Justice, the public dept of Japan including government bonds is ¥1.21 quadrillion- the highest ever of Japan history. Kung ikukumpara noong isang taon, tumaas ng ¥100 billion ang utang ng Japan. Masasabitang mayroong ¥9.6 million burden ang bawat tao sa Japan.  Source: TBS

Mori to women: “You take a lot of time”.

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Yoshiro Mori, 86, a former Prime Minister of Japan and currently Head of the Olympic Paralympic organizing committee said in the interview that women are “taking a lot of time” during the committee meeting.  During the committee meeting, there were 24 members and among them, 5 women were present. This “inappropriate” remarks of Mori triggers opposition leaders and government officials.  Kazuo Shii, leader of Japanese Communist Party, tweeted that the statement of Mori is “Stupidly Shameful”. Fukuyama of The constitutional democratic party also expressed this disappointment to Mr.Mori. He said that he wont ignore this social issue of Japan and this is a reason why gender equality has no development at all. Tokyo Governor said that it is really up to the person. Ikegawa Yuuichi, a Tokyo councilor tweeted When asked by journalist the reason why he said those remarks, he said and quote “I DON'T TALK TO WOMEN THAT MUCH LATELY SO I DON'T KNOW", WHEN ASKED WHETHER HE THINKS WOMEN

New ‘Service apartment’ of Imperial Hotel starts

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Magsisimula na ang bagong service plan ng famous flagship hotel of Japan ang Imperial Hotel ang kanilang tinatawag na “Service Apartment”.   Mayroong ilalalang 99 rooms upang gamitin sa bagong proyekto. Sa proyekto na ito apartment style na mayroong pagkain at laundry sa loon ng hotel. Naisipan ng Imperial Hotel ang apartment service dahil sa pangangambang mas malugi pa dala ng epekto ng COVID-19. Advantage raw ng Hotel ang kanilang luxurious services at facilities upang gamitin sa bagong apartment service. Magsisimula ang reservation ngayong araw( Feb.1, 2021). Magsisimula ang pag stay march 15~July 15, 2021. For 30 days, 360,000 ten nalang ang babayaran.  Source: Nihon Keizai Shimbun (Feb. 1, 2021)

43% Suga rating and Kono as next PM

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Survey conducted by Nihon Keizai Shimbun, walang pinagbago ang ratings ni PM Suga kompara noong isang taong.   Noong isang taon, nakakuha si Suga ng pinakamababang approval rating na 42%. Sa ngayon mataas parin anh kanyang disapproval rating na 50%.  Sa bagong survey ng Nikkei shimbun kung sino ang Next suitable Prime Minister, nasa ika-pang 5 nalang si Suga na may 6%.  Next Suitable Prime Minister Si Vaccine Czar Kono Taro naman ang nangunguna sa listahan upang maging next suitable prime minister. Si MP Kono ay naging minister of Foreign affairs and minister of defense under Abe Administration.  Source: Nihon Keizai Shimbun

‘Google Group’Setting Error

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Photo: Indian today Based on the report of Yumiuri Shimbun, the dara of SaintMary Hospital University, Senshinkai and other 5 Health institutions are being seen by outside users.  According to the Saint Mary Hospital University, the conversation of 7 nurses using google group mail can be read or open by other internet users.  The data that possibly seen are personal information of covid-19 parents which includes name, address, PCT result, Hospital, medications.  Another report says that some nursing homes and other institution partners in Tokyo, Kanagawa and Osaka have same situation.  Source: Yumiuri Shimbun

Addition Budget for schools to compete globally

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             Photo: University of Tokyo Japan’s House of Councilors Pass a bill that supports young researchers. Universities in Japan will be given additional 10 trillion yen or 4.6 trillion pesos budget under ministry of education, culture, sports, science and technology’s Japan Technology and science agency to compete globally.  This is to support the operation of research development institutions and young researchers to shine in international arena. Source: NHK News

Vaccine for all Players recommended by IOC Chairman

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                            Photo: The Guardian  Sinabi ng IOC chairman Bach na irerekomenda niya ang pagbabakuha sa lahat ng Japanese Players sa nalalapit na Tokyo Olympic Paralympic 2020 (to be held 2021). Dagdag pa ni Bach, dapat ding bakunahan ang lahat ng manlalarun sa kanilang sariling bansa bago makapaglaro sa Olympic. Giit pa niya dapat ding bakunahan ang lahat ng staff or person’s concerned ng mga malalaro.  Nang tanungin kung matutuloy or hindi, sagot niya ay hindi daw tamang itangung kung matutuloy or hindi, kundi Paano at ano-ano ang mga dapat gawin upan matuloy ang paligsahan.  Ang opening ceremony ng Olympic ay July 23, 2021 at closing ceremony nito ay August 8, 2021. 176 na araw nalang bago ang Olympic. 208 na araw naman ang natitira bago magsisimula ang Paralympic. Ang operning ceremony ay August, 8, 2021 at Magsasara September 5, 2021.  By: Local Time Japan

Ano ang GAFA at BATH?

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GAFA ay general term ng mga malalaki at makapangyarihang IT companies sa US. Ang mga kompanyang ito ay Google, Amazon, Facebook, at Apple. Sa iba itanatawag itong GAFAM. Ang M naman ay Microsoft.   Kung mayroong GAFA, GAFAM, FAANG+TESLA ang US, sa China mayroon din silang GAFA Chinese version. Ito ay BATH or Baidu, Alibaba, Tencent, at Huawei. 4 of China's biggest technology companies.  Baidu is China's biggest search engine with roughly 70% market share.  While Alibaba's core commerce division, which accounts for about 85% of revenue, remained resilient throughout the year as Chinese consumers continued to flock online. Revenue for core commerce jumped 40% year on year in the September quarter. Tencent , one of the world's biggest gaming companies, runs China's largest messaging app WeChat with over 1 billion users.  And Huwai is a Chinese multinational technology company. Source: CNBC

Jobs that will disappear and will continue during post Covid

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The unemployment spike caused by the COVID-19 pandemic in the first half of 2020 has been devastating.  The tragedy brought by COVID-19 is tremendously frustrating for all of us especially working class(unemployment). Millions of People lost their jobs and unemployment rate spiked to the highest number. Jobs in the tourism, food (restaurant and bar), and transportation industries are disappearing.  The good news is that some Jobs have been returning and expanding its activities. Here, let’s look at the jobs that will disappear and will continue due/despite to/of Covid-19.  I would like to note also that please use this data to grasp opportunities around you. For instance, If you have job among ‘Jobs that will disappear’, you can start improving your skills that matters in the future. For entrepreneurs, get some business idea here for expanding. Jobs that will disappear( Due to COVID-19 and structural changes)  Banker Taxi Driver Pilot Apparel staff Bar owner Convenience owner College p

Top 20 highest Paying Jobs in Japan 2021

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The highest paying jobs in the Japan cover a broad range of industries. The ranking is created by Toyo Keizai Magazine.   For all Junior and Senior High School students who have no Idea what to do in the future or planning to have a good salary, you may consider this ranking.  Of course, there are numerous factors need to be considered such as demand in the future, Stability of the industry, your passion and skills, and so on. Here are some top 20 highest paying job in Japan: * Annual income is calculated by the Average annual income multiple philippine pesos (.4700). 1.Aircraft Pilot- Average Annual Income 7.9 Million pesos.                                    Photo: Pilot Career News 2.Doctor- Average Annual Income is 5.4 Million pesos.                                 Photo: Tokyo Cheapo 3.University Professor-  Average Annual Income is 5.1 Million pesos.                               Photo: PBS 4.University Assistant Professor-  Average Annual Income is 4.1 million pesos.