Posted on 10/31/2013 11:00:46 PM PDT by TexGrill
Jiji Press WASHINGTON (Jiji Press)—The U.S. Treasury Department said it will “continue to closely monitor” Japan’s economic policies and the extent to which they support growth in domestic demand there.
“It is important that Japan calibrate the pace of fiscal consolidation to the recovery in domestic demand and take ambitious and effective steps to increase domestic demand,” the department said in a semiannual report on economic and currency policies Wednesday.
“Monetary policy cannot offset excessive fiscal consolidation or be a substitute for structural reform that raises trend growth and domestic demand,” it said.
(Excerpt) Read more at the-japan-news.com ...
If the U.S. Treasury knows so much about economic growth, it’s too bad they don’t put some positive practices in effect in our own country first.
The repeated focus on demand is an indicator, along with our our own lackluster economy, that the Treasury is clueless. All they know how to do is make our government and debt much larger.
Planting the seeds of neighborhood harmony: “Hiya, neighbor! Just droppin’ by tell you I’m closely monitoring how you’ve been handling your money and debt and stuff. You’re gonna have to to calibrate the pace of that there fiscal consolidation, mmmkay? Nighty night!”
Japan’s growth is going to be under the constant shadow of umpty-million disposable Chinese males just across the pond and a crumbling former ally.
All the U.S. Treasury knows is to further inflate the currency -- as the Japanese are doing. That does not create sustained growth. It creates fake booms followed by real recessions.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.