Despite having the third-largest economy in the world, Japan has a growing problem with poverty. OECD continues to list Japan near the bottom of the pack in statistics showing the percentage of the population living in poverty. According to the most recent data, 15.7 percent of Japanese people are living in poverty, above the 11 percent average for OECD member states, and sixth-worst of the 34 countries studied. Japan’s poverty rate is higher than countries with far less economic resources, such as the Slovak Republic (6.5 percent), Slovenia (7.2 percent), and Poland (10.1 percent). Perhaps more alarming is that the problem appears to be getting worse. The average annual increase … Continue reading Global Intelligence