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Also expand your market to increase your potential sales, joining a market like Russia's might help but I haven't tried that myself.
As I said, its feels like a dead end. I have no use for money besides dumping it to construction, and its still not enough.
The price of construction materials are balanced. I have enough of the materials just not enough money to buy adaquate amount of consturction point to keep up with demand.
And tariffs are like 500 a week. Negligible.
Not like I have a great fleet to trade with....
I'm not sure how one builds a healthy economy that can keep up with pop demand. My second try I never even bothered with food factories. SoL is not moving anywhere and its already 1868, I mean, why do I have 20 cloth factory and 15 furniture factory if it doesn't move the SoL anywhere?
Any increase in tax is perfectly balanced by government wages and goods for government buildings. The net income hasn't moved for 20 years. Not a single penny to space to increase construction scale, and now with the market opened I lost a bunch of consumption tax, some of my goods are taken by foreign powers and I cant really import anything meaningful. This is a disaster.
but... Very High taxes and lowest goverment wages? I mean, well.... so you are saying the goal is to squeze the population untill the shogun is gone and proper investments can be made? Thats it? A kick in the nut to stand up more strong?
basically, you start with decent surpluses on most of the essential goods, you can lower wages since it only really impacts interest group opinion of you and at the start intellgensia is not powerful and your debasing the samurai anyways. As long as you don't put consumption taxes on essentials like grain you should be able to have about 40k surplus which you can dedicate in the early game to expanding construction development and industry and the snowball your local economy from there.
I have never gotten to the military phase but I think the key element is to weaken the Shogunate and when you have build up your economy to adress the shortages, start focusing on building your navy and attack China for their island. I think the key for Japan is that you need to expand through China and Korea. I have not tried this though. For a strong economy I think you need to be offensive. You can´t sit on your island like Britain. Fight China with a stronger navy. They have the largest GDP in the game and if you can control that region you should be ok I think.
I'm not going to say I'm doing it perfectly or even particularly well, I'm sure it can be done better (and if someone wants to say I'm industrializing too slowly I wouldn't disagree). But I've managed to avoid going into debt 40 years so far, currently at 1876, and the national standard of living is up to nearly 12, higher in Kanto and Kyushu where I've industrialized most, with taxes at low for most of the game. The only time I've ran a red deficit was on purpose for a year when I put taxes at Very Low to pass a law faster after finally booting the Shogunate from government.
I also started with iron and tools, mainly using the tools to switch all my lumber to saw mills, then constructed a few levels of food industries with sweeteners (I also switched all rice farms to fig farming for sugar output), but after that my early focus was actually on coal and glass production in order to switch all the urban centers to gas streetlights and market stalls. Early on I think the best thing to do is focus on creating a middle class and a wealthy capitalist force to balance out the aristocrats, because the single biggest thing you can do for your SoL is getting out of Serfdom. That alone brought my peasants from Struggling to Impoverished, opening them up to a whole new world of goods that you can then focus on making cheaper.