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Japanese Billionaire Gives Away $9 Million as Social Experiment

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  • Yusaku Maezawa, a Japanese entrepreneur, is giving away 1 billion yen—about $9.1 million—to 1,000 of his Twitter followers, with each to receive just over $9,000.
  • Users had to follow his account and retweet his giveaway announcement post before late Jan. 7 to qualify.
  • Maezawa is treating the giveaway as a social experiment and plans to evaluate how money will affect people’s lives and happiness levels.
  • Once randomly selected, he will contact the winners directly via a Twitter direct message.

The Giveaway

Japanese billionaire Yusaku Maezawa is giving away 1 billion yen—about $9.1 million—to a randomly-selected group of his Twitter followers to see if the money boosts their happiness.  

The entrepreneur/art collector announced the news of his “serious social experiment” in a tweet on Jan. 1. In the post, he explained that he will be divvying up the money amongst 1,000 people evenly, each person will receive about $9100. 

In order to qualify for the giveaway, Twitter users had to follow Maezawa’s account and retweet his post. They also must be a Japanese resident, and over the age of 13, per Twitter’s Service Terms and Conditions, according to translated rules tweeted by Maezawa. 

Eligible contenders had until just before midnight on Jan. 7 to apply for the money, and over 4.1 million people heeded the call by retweeting the giveaway post. The winners will be drawn randomly and notified by Maezawa via a direct message on Twitter.

Social Experiment

In his initial post, Maezawa linked to a YouTube video in which he describes the experiment. On Friday, he tweeted that he added English subtitles to his YouTube video, writing his hopes viewers can understand the real reason he is doing this giveaway.

In the video, Maezawa explained that he wants to see how this chunk of money will affect people’s lives and if it will give them a chance to be happier. He intends to follow up with the winners via surveys to evaluate if and how their circumstances have changed.

He also encouraged social scientists and economists to contact him if interested in what he is doing. 

Maezawa has likened his experiment to the idea of basic income, the theory of a periodical fixed amount of money distributed to all citizens with no strings attached. Some Twitter users have argued that his giveaway is not the same because he is only distributing money to a relatively small group of people. 

Nonetheless, Maezawa is using his giveaway to propel the conversation about the possibilities of basic income in Japan. 

Additionally, in his YouTube video, he mentioned his giveaway of 100 million yen last year and expressed regrets for not clarifying its purpose at the time or remaining in contact with the people he gave the money to. 

Though Maezawa’s 2019 giveaway had inconclusive results, it did break a record. At the time, his giveaway tweet was the most retweeted ever.

Maezawa made a name for himself by founding Zozotown, Japan’s largest fashion retail website. He also made headlines in 2018 for being the first paying customer on SpaceX’s proposed moon trip.

See what others are saying: (CNN) (NBC) (ABC)

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Anti-Asian Hate Crimes on the Rise in British Columbia

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  • A report given to Canadian police in Vancouver, British Columbia last week showed a 717% in hate crimes against Asians over the last year and a 97% increase in hate crimes overall.
  • Prosecutors have been urged to more seriously pursue hate crime charges, despite them being harder to prove in court.
  • The trend has been mirrored in Ontario, another Canadian province with significant Asian populations.

Massive Surges in Hate Crimes

The U.S. has struggled with anti-Asian hate crimes over the last year, especially in municipalities like New York City, which reported upwards of a 1,900% increase from one incident to 19 within the year.

However, the U.S. isn’t the only country dealing with the issue. Similar trends have been reported in Canada as well. A report given to the Vancouver police board last week found that in 2019, there were just 12 incidents of anti-Asian hate crimes reported in the city. In 2020, there was 98, which marks a 717% increase. Those numbers helped drive the stats of hate crimes in the city up 97% overall.

To be clear, crime overall has been on the rise, likely fueled by struggling local economies dealing with the ongoing COVID-19 pandemic.

Hard To Pursue Charges

The report has caused Solicitor-General Mike Farnworth to push local prosecutors to seek more hate crime charges.

The region has failed to actually bring charges for most reported hate incidents, with the past year only seeing just one charge filed despite police evidence of such hate crimes. The issue at hand is that adding a hate crime charge makes getting a conviction much harder.

The incidents have led to a push for more strict anti-racism legislation in the province, a position that John Horgan, the British Columbian Premier, has pushed for as far back as June 2020.

British Columbia, according to an assortment of Asian-Canadian advocacy groups, has the most incidents of anti-Asian hate crimes, followed by Ontario. This is especially notable because they are the number two and number one locations of Asian populations in Canada, respectively.

See what others are saying: (Vancouver Sun) (CBC) (CTV News)

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Japan Appoints ‘Minister of Loneliness’ To Combat Rising Suicide Rates

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  • Earlier this month, Japan appointed Sakamoto Tetsushi as the country’s Minister of Loneliness, tasked with addressing rising suicide rates.
  • Suicides were declining worldwide, except in the U.S., ahead of the coronavirus pandemic but have since seen startling spikes.
  • In October, Japan reported 400 more suicide deaths than all COVID-19 related deaths in the nation until that point.
  • While suicide cases among men in Japan are higher, the country has seen a drastic increase in suicides among women, who are more likely to have unstable work that is susceptible to market disruptions from the coronavirus.

Editor’s Note: The Japanese government has asked Western outlets to adhere to Japanese naming conventions. To that end, Japanese names will be written as Family Name followed by Given Name.

Loneliness Is a Rising Issue

Japanese Prime Minister Suga Yoshinori appointed Sakamoto Tetsushi as its Minister of Loneliness earlier this month.

Sakamoto is already in charge of combating Japan’s declining birthrate and regional revitalization efforts, but his new role will see him combating Japan’s rising suicide rate. Suicides were actually on the decline in Japan until the COVID-19 pandemic, which has drastically exacerbated the issue.

That trend reached a milestone in October 2020 when Japan suffered 2,153 suicides – nearly 400 more than all COVID-19 related deaths in Japan until that point. Currently, monthly suicides no longer exceed the total amount of deaths from COVID-19, as Japan faced an outbreak at the end of the year and has over 7,500 COVID-19 deaths.

Even though monthly suicides no longer outstrip total coronavirus deaths, the rate hasn’t let up. While men still make up the vast majority of suicides, there’s been a drastic increase in women taking their own lives. Between October 2020 and October 2019 there was a 70% increase in female suicides.

According to Ueda Michiko, a Japanese professor at Waseda University who studies suicides, women are particularly affected because they often have more unstable employment that is more susceptible to disruptions caused by the pandemic.

She went to tell Insider, “A lot of women are not married anymore. They have to support their own lives and they don’t have permanent jobs. So, when something happens, of course, they are hit very, very hard.”

Internationally Suicides on the Rise

Sakamoto hasn’t outlined any specific plans to combat loneliness in Japan, but he has a blueprint to work from as he’s not the world’s first Minister of Loneliness. The U.K. appointed one in 2018 after a report found more than 9 million Brits said that they often or always felt lonely.

But the job doesn’t seem very easy or desirable, as the U.K. has gone through three ministers of loneliness since then.

COVID-19 has been a massive disruption to suicide rates globally, which had actually been steadily declining for decades. The notable exception to this is the United States, which has faced increases nearly every year since 1999 adding up to almost a 30% total increase over the past two decades.

If you’re in the U.S. and feeling suicidal or have thoughts of suicide contact the National Suicide Hotline at 1-800-273-8255.

For reader across the globe, here are resources in your nation.

See what others are saying: (The Hill) (NDTV) (Insider)

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Thailand Pushes Marijuana as Next Cash Crop

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  • The Thai government issued a statement Sunday urging farmers to grow cannabis as a cash crop.
  • A relatively small amount of farmers currently grow the crop for the nation’s medical marijuana industry, but state-run entities are now offering to buy it for $1,500 per kilogram, which is exponentially higher than other cash crops.
  • For reference, a staple like rice goes for about $1 per kilogram.
  • While other countries in the region have followed Thailand’s footsteps in approving medical cannabis, no others allow local farmers to grow the plant.

Underlying Shift in Region

In a drastic change for marijuana policy across Asia, the Thai government made announcements on Sunday that pushed for farmers to grow marijuana as a cash crop for the country’s burgeoning medical marijuana industry.

The decision is in stark contrast to much of East and Southeast Asian marijuana policy, which often features extreme punishments for trafficking the drug, and nearly as harsh punishments for using it recreationally or for medical purposes.

Thailand was the first to approve cannabis for medical use at the end of 2018, with the law practically going into effect in 2019. Since then, according to deputy government spokesperson Traisuleee Traisoranakul, “…2,500 households and 251 provincial hospitals have grown 15,000 cannabis plants.”

“We hope that cannabis and hemp will be a primary cash crop for farmers.”

Worth Its Weight in Gold

The push for more farmers to partake in the marijuana industry comes after hospitals and the nation’s state-run pharmaceutical company found that they needed more of the plant. Currently, the government’s pharma company is hoping that their price of $1500 for 1 kilo of marijuana that contains 12% cannabidiol (CBD) will be enough incentive.

That’s considerably more than what the government pays for other staple crops, such as rice, which goes for about $1 per kilogram.

Additionally, the government also announced that marijuana can now be used in foods and beverages at restaurants as long as it comes from an approved producer. This opens the door for a tourism industry akin to Amsterdam’s coffee shops

While Thailand is leading the way when it comes to marijuana policy, other nations in the region are following in their footsteps. In 2019, South Korea approved the plant and its derivatives for medical use, and Japan has opened the door for clinical research into the drug and its compounds. Still, those nations require that THC and CBD be imported, and their use is heavily restricted.

Thailand’s move to cultivate a homegrown marijuana industry is a huge shift and will likely help the nation secure a hold in the growing industry, which the industry marketing firm Market Research Future believes will be worth over $50 billion by 2025.

See what others are saying: (Bangkok Post) (Reuters) (Chiangrai Times)

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