Turbulent markets worry tourist spots, investors, manufacturers and gov't

Monday 27th October, 03:48 PM JST

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12 Comments

ptolemy at 04:11 PM JST - 27th October

Did he offer any solution along with this brilliant command? He really seems to have a talent for pointing out the glaring obvious. Wow, he realizes the stock market affects the real economy. That is Nobel Prize observation.
barfly08 at 05:07 PM JST - 27th October

Hey, here's an idea, how about manufacturers find ways to import from the USA ! Is this really so difficult ? Then again Japan has been avoiding this scenerio for a good 20 years now, why expect any change now? Buffoons !
some14some at 05:21 PM JST - 27th October

This is one side of the story, i.e. demerits of strong yen. What about strong merits of strong yen? falling Oil prices, Gold, commodities etc. makes j-govt (not j-people) oil-rich nation.
gonemad at 06:58 PM JST - 27th October

Did he offer any solution along with this brilliant command?

This time I'll have to defend Aso-san at least in that way, as he's not doing any worse than any of his counterparts on the top of the governments of the major economic nations. And by announcing tighter regulations on short selling, it seems he has basically understood what to do. Unfortunately tighter regulations alone won't be enough, a complete ban will be necessary. Get the pure gambling products out of the stock market, as quick as possible.
gonemad at 07:12 PM JST - 27th October

Hey, here's an idea, how about manufacturers find ways to import from the USA ! Is this really so difficult ?

Yes, it is difficult, if you find competitive products less and less in the US, but in other countries. You may think about protectionism, but then why are countries like Taiwan, Korea, China largely more successful...?
555Book at 07:50 PM JST - 27th October

Ever wonder why the previous PM resigned so abruptly?
hokkaidoguy at 09:21 PM JST - 27th October
ptolemy said: Did he offer any solution along with this brilliant command?

Did you even bother reading the article, or did you just skim through looking for an objectionable quote?

Here's what he proposed today:
- Tighter regulations on short selling,
- A larger government fund to recapitalize ailing banks (to be implemented within a 48 hour time frame)
- Facilitation of employees’ purchases of their company stocks
- Increasing the scale of said state-backed bank recapitalization from the current 2 Trillion yen
Again, the level of knee-jerk anti-Japan sentiment here is stunning. You could at least read the entire article before commenting.
bamboohat at 09:32 PM JST - 27th October

Stocks only go up when buyers want to buy more than sellers want to sell. How exactly will any government tinkering create a desire to buy, unless they actually value the shares at a good price? I say let the short sellers keep pushing the market down, until the general institutional investors (the drivers of any market) feel that the stocks, given the economy and their forcast for the future, are at a price where they would be better off owning them than not owning them. Better sooner than later, like ripping a bandaid off quickly rather than slowly.
ptolemy at 11:16 PM JST - 27th October

gomenasai, Aso is the man.
usaexpat at 11:24 PM JST - 27th October

The whole world's awfully worried right now. I can tell you we've cut all unnecessary spending and are pulling in the belt waiting to see how this plays out.
buggerlugs at 11:42 PM JST - 27th October

I think if Japan really wants to increase tourism the government should take steps to improve their image and to change the blatanly racist atttude by many of the population... ie Japanese only hotels, shops etc. The economy will nt help the industry but they could help themselves without blaming other factors. Also just as an after thought, educating the local populace of Tokyo on the beauty of this amazing isle!!. The amount of times I have told my japanese friends and students that I am going on holiday to Tochigi or Gunma and they just look at me like I'm crazy. Aso... no comment
MeanRingo at 07:00 AM JST - 28th October

This should be great news to the 70 percent of inn operators who don't want foreigners coming to their establishments. They asked for it, they got it.