Wealth in Unexpected Places: The Story of Sarufutsu Village
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Chapter 1: An Overview of Sarufutsu Village
Not all affluent Japanese reside in major cities. This article explores how a small fishing village in Hokkaido, home to only 2,700 residents, has become remarkably wealthy.
Here’s a quote illustrating the contrast between urban wealth and rural prosperity.
Section 1.2: Transformation and Wealth
Chapter 2: From Poverty to Prosperity
The first video, "Japanese Castaway to America & Back in 1841 | John Manjiro Story ONLY in JAPAN," illustrates the resilience of Japanese culture and the spirit of adventure that characterizes the people of Japan.
In a local fisher's words, "The glamour used to be crazier," hinting at a past when wealth was more openly displayed. Today, villagers own luxury cars, but they tend to keep them hidden away. Homes may appear lavish from the outside but often reveal modest interiors.
In the 1980s, after experiencing a decline in fortune, fishermen began to flaunt their newfound riches, with some reporting incomes upwards of ¥100 million ($671,220 USD).
Yet, what do today’s fishers, who earn an average of over ¥7 million yearly, wish for? "We no longer have karaoke rooms," they lament.
What do the younger top-earning fishers desire? "A McDonald's, a 7-Eleven, and a pharmacy would be nice," reflects a local, expressing a longing for more shopping options.
Section 2.1: A Unique Business Model
Sarufutsu's fisheries operate on a distinct business model. In 1970, the village's fisher cooperative shifted from traditional wild-catch fishing to modern aquaculture, treating the ocean like farmland.
By segmenting waters into four plots, they would release baby scallops to grow over several years before harvesting. This cooperative approach eliminated competition among fishermen, allowing for shared profits and benefits.
A typical deckhand earns ¥400,000 ($2,698) monthly, with additional bonuses distributed based on years of service. Even those who retire at 60 continue to receive dividends until the age of 78.
Section 2.2: The Impact of Global Markets
The second video, "Japanese Fishermen Use Robots To Catch And Process Billions Of Squid And Tuna," showcases the innovative techniques that contribute to their success.
Sarufutsu’s fortunes soared in the 2010s as demand for scallops surged in China, leading to an exponential increase in seafood exports. However, the recent ban on Japanese seafood due to the Fukushima wastewater release has dealt a significant blow, with exports dropping by 39%.
Younger fishers are now adjusting their financial strategies, with some investing in stocks or cryptocurrencies to manage their wealth.
In conclusion, Sarufutsu Village exemplifies how a remote community can transform itself into a beacon of wealth through innovative practices and cooperation.