Posted on 11/06/2014 7:27:54 PM PST by TigerLikesRooster
Abenomics at make-or-break phase in Japan
Published: 4:03 AM, November 7, 2014
TOKYO — Japan’s audacious campaign to reinvigorate its economy is entering a make-or-break phase. After nearly two years of aggressive stimulus under Prime Minister Shinzo Abe, joblessness has plunged, big companies such as Toyota are earning record profits and corrosive price declines have been replaced by something Japan has rarely seen in decades — inflation.
Yet the benefits of Abenomics, as the programme is known, have been unevenly distributed. Many consumers and businesses simply do not feel better off. The problem threatens to undermine support for the effort at a critical juncture.
Economic output fell sharply in the second quarter, immediately after April’s sales tax increase — evidence that consumer confidence remains fragile. Mr Abe will soon have to decide whether to move forward with the next tax increase or table it
(Excerpt) Read more at todayonline.com ...
P!
Sounds like a really bad idea
I'm shocked, shocked, that tax increases would fail to stimulate the economy.
lol
Japan is a special case. The demographics are completely inverted, with more elderly than young people: it’s like a nationwide version of your local Presbyterian church, and I’m only half-joking when I say that. Old people save rather than consume, and don’t feel the need to have the latest anything (I see this in myself as I enter my 60s). There is only one way to revive the Japanese economy long-term, and that is to grow young people, either through childbirth (abortion is rampant in Japan) or immigration, which would require a change in 1500-year-old ethnocentrist thinking. Nothing else will work: not fiddling with the currency, not lowering consumer taxes (though that’s not a bad thing per se), only red-blooded young adults, ethnic Japanese or otherwise, making red-blooded babies and raising them.
BFL
Perhaps Japan could revive its economy by marketing extremely strange forms of pornography — have they thought of that??
Hey, I’m single. I’d volunteer to make as many half-Japanese babies as possible.
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