While Australians grapple with a cost-of-living crisis, many young Japanese citizens are finding that moving down under is a financial boon. plagued with low wages and economic hardships, Japan is now officially in recession. So Japanese workers are flocking to Australia in record numbers.
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TVTranscript
00:00 Armed with a small camera, Shoma Tanaka talks candidly to his social media followers about
00:09 his earnings, expenses and most importantly, savings.
00:15 It is definitely easier to work in Australia.
00:17 The hours are less than in Japan and the pay is higher in my case, so it's much easier
00:23 mentally.
00:24 Since arriving in 2019, he's worked a variety of jobs.
00:28 Currently he's at a metalworks factory, earning twice what he would back home.
00:32 On his YouTube channel, Shoma explains how the higher income, combined with a bit of
00:36 frugality has helped him save $200,000 and buy his dad a new car.
00:45 If there are people who are working and feeling a bit frustrated in Japan, I'd like to let
00:50 them know that there is a path to choose, a working holiday and there are possibilities
00:55 for them.
00:57 Japan has slipped into recession as the country battles a weak yen and an ageing, shrinking
01:03 population.
01:04 I feel the cost of food is going up and I'm shocked how much the power and gas bills cost
01:11 lately.
01:12 I'd like to give more and more back to my employees, however in reality while the cost
01:19 of goods and expenses are rising, it's impossible.
01:23 The number of Japanese applying to work in Australia has hit record levels as people
01:27 seek sanctuary from low, stagnant wages.
01:30 There is a very strong incentive for Japanese people to work outside for a certain period
01:37 and earn money and then come back.
01:40 It's not all bad news.
01:42 Major Japanese firms are posting record profits and the stock market is back to all-time highs.
01:48 What many workers here want to know is when this good news will flow through to their
01:52 wallets.
01:53 I'm worried about my life.
01:57 From my point of view, Japan is declining.
02:02 Those economic headwinds may take a long time to subside.
02:06 [BLANK_AUDIO]