Posted on 11/11/2024 10:06:49 PM PST by nickcarraway
Japan's government is not planning any tax hike to finance its 10 trillion yen (US$65 billion) plan to support domestic semiconductor and artificial intelligence projects, industry minister Yoji Muto said on Tuesday (Nov 12).
(Excerpt) Read more at channelnewsasia.com ...
The $ sign started out as a narrow U printed atop an S, which stands for United States. Redundantly writing US$ is redundant.
I have heard that Japan is a “fascist” nation. Businesses work closely with the government (if not actually running things).
Decades ago the government began using taxpayer money to support failing businesses. Instead of allowing bad businesses to fail, the government used tax payer money to bail them out. So bad management making bad business decisions continued in place.
As we all know sooner or later they (businesses and or government) run out of other people’s money and there is a day of reckoning.
I am not an expert on Japan but there is always a correction. The laws of economic are just as unforgiving as the laws of physic. If one was to jump off a tall building all will be okay, until you hit the ground.
To survive the law of physic only jump out of a window on the first floor.
To survive the law of economic, correct bad decisions early and take the small loss, don’t take the elevator to the roof.
Not really:
Hong Kong
Singapore
Australia
New Zealand
Canada
The Bahamas
All use “dollars”
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