Outside a train station near Tokyo, hundreds of people cheer as Sohei Kamiya, head of the surging nationalist party Sanseito, criticizes Japan’s rapidly growing foreign population.
As opponents, separated by uniformed police and bodyguards, accuse him of racism, Kamiya shouts back, saying he is only talking common sense.
Sanseito, while still a minor party, made big gains in July’s parliamentary election, and Kamiya’s “Japanese First” platform of anti-globalism, anti-immigration and anti-liberalism is gaining broader traction ahead of a ruling party vote Saturday that will choose the likely next prime minister.
you might think that japanese boomers have generational wealth in form of real estate. this is not really the case, especially for rural population. houses aren’t built to last, lose value like motherfucker and are commonly demolished after 20-30 years, in part because people don’t like second hand, in part because there’s no point of building anything sturdier if typhoon or earthquake takes it. there is some newer construction that is intended to last longer, but it’s not a very common thing. so a reverse mortgage type thing won’t exist there, and yeah lots of people will get shafted by these conditions
Not to mention that with a declining population the value of real estate is likely going to decline as well since there’s less demand for it. Especially in those rural areas, people are moving to the cities.