Japan's Recession Drives The Middle-Aged Onto The Streets (2001)

1,941 views · Published 12 November 2018 · 9:12 · Indexed 25 September 2026

Channel: Journeyman Pictures · 2018 · News & Politics

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In Recession (2001) - Japan's economic recession is hitting men over 50 the hardest. Not entitled to a pension before the age of 65, many are driven to the streets, unable to find work.

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"I used to be a carpenter... there are no jobs available these days", says one man who has been homeless for a decade. But in downtown Tokyo the crashing economy still seems far away. A student says "I don't care about the recession... It doesn't affect me at all". Economist Noriko Hama likens the Japanese economy to the Titanic: "It is a huge ship... People on the decks are still drinking champagne but people at the bottom are about to drown... It takes a while before everybody starts to feel the pain, but I think we're getting there..."

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