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Investor Presentaiton

philosopher during the Meiji period who helped introduce Western philosophy into mainstream Japanese education. Following the 'opening' of the country in the 1850's, Nishi and his colleague Tsuda Mamichi, were the first Japanese sent in 1863 to study abroad... in Leiden. For two years they were tutored by Prof. Simon Vissering - one of the leading Dutch economists of the nineteenth century. Following their return home, their work as government officials and intellectuals played a key role in the introduction of the European social sciences, jurisprudence, and international law to Japan, thereby exerting a decisive influence on the establishment of the modern Japanese state and the redefinition of the international and cultural order in East Asia. And: a fine collection of old Dutch books on western medicine, Rangaku, is to be seen in Shimane Prefectural Library. Thus, even in a remote corner of Japan as Shimane Prefecture, the 420-year old links between Japan and the Netherlands are tangible. But, but... despite Shimane's deities across the land, in the shrines and temples hidden deep in the forests and despite the region being the cradle of Japanese culture, facts on the ground are pretty grim and are textbook for Japan's countryside: an empty, partly uninhabited region, a greying population, jobs that are vanishing and land that is not used and is even often unacclaimed for. The country of the Gods is left to the Gods alone. I meet with Mr. Minami in Yokota, who tells me that manufacturing and production jobs like farming are disappearing rapidly. He shows me the small rice paddies in front of his house. "Can you imagine what the new EU-Japan Economic Partnership Agreement or a free-trade agreement with the United States will mean for this region? We used to be self-sufficient when it came to food, we grew rice, but how can we compete with the large rice producers from Europe or the USA with our small lots? With all the forests around us we had an abundant wood production. Nowadays we import wood and today a tree trades for no more than the price of a daikon (a Japanese radish.) Worse: we have no more jobs to keep young people here." Apart from the urban areas, almost all the countryside in Japan is emptying - and even the major urban areas (Kanto, Kansai and Tokai / Nagoya) that have about 2/3 of the total population of Japan are expected to shrink. Japan's population peaked in 2010 with 128 million inhabitants and now counts 126 million. By 2040 Japan's population is expected to be approximately 100 million and extrapolating: in 2110 there will be 53 million Japanese left. 140 120 Japan Population: 1980-2110 METROPOLITAN AREAS OVER 5,000,000 & BALANCE 2017 Projection 100 2012 Projection 80 60 40 20 0 1980 1990 2000 2010 2020 2030 2040 2050 2060 2070 2080 2090 2100 2110 Derived from National Institute of Population and Social Security Research Figure 2 There are two major reasons for this decline: too few babies and no immigration. In 2014 former, prefectural governor and head of a government committee on local revitalization Hiroya Masuda published his book 'Local Extinctions' and his detailed report of population changes showed that 896 cities, towns and villages throughout Japan were facing extinction by 2040 (picture: localities shown in red are predicted to become extinct by 2040.) The municipality that I visited in Shimane, Okuizumo, will disappear. Also research by the National Institute for Population and Social Security Research / IPSS comes up with similar conclusions. 3
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