Auto industry urges Noda to revitalize economy

Auto industry urges Noda to revitalize economy

strange, those having engine, wheels, body and fuel tank are seeking Noda's help !

Haha - like Noda is some kind of all capable Jesus or something... He'll be out the door in 2 years max, so why even talk to this guy?

Print more yen lower the excahnge rate save the jobs and the economy, doesnt take 2 years to do.

A domestic job growth, JOB, JOB, JOB. That's a core solution to this issue.

But how to achieve this goal is a big challenge when a real job (a full time/a long time employment) is leaving Japan with strong yen. Printing yen does not solve any economic foundamentals.

So the slogan for your policy globalwatcher would be "help Japan - do Grow Job"

The auto industry faces "unprecedented" yen strength, which is making domestic production increasingly difficult and threatening to trigger a hollowing out of Japanese industry.

The auto industry faces unprecedented decline due to recalls, faulty products, high servicing prices and overall poor quality that is mostly caused by their employment policy of running the whole industry with cheap part time workers, a self-destructive trend that started well before the yen strength could justify such a step into a wrong direction.

Damn right, ExportExpert. In the past 20 years of lost decades, Japan could not jump start the economy. Japanese unemployment is currently 4.7% that is relative to US unemployment rate of 9.4%. Very high. High employment does not generate any tax revenue from non workers.These workers may have been on walfare payroll and they are Japan money eaters. FYI- Current sovereign debt of Japan is over 200% over GDP.

I dunno but seems to (I am not a economist) but printing yen will lower the exchange rate making japanese products cheaper overseas, meaning more demand for japanese products, therefore increasing production in japan meaning more industry, more people getting jobs, more tax being paid by those who are now unemployed, More exports means more overseas funds flowing into the country. Japan was built on this concept and its worked very well up unitll 2008 and the yen started getting too strong.

The yen needs to be brought down to get the industries able to get the exports going again, getting more workers paying taxes which this govenment badly needs to help reduce its budget deficits.

As i said i am not an economist but it seems obvious to me what needs to be done.

Tell me why this won't work if you know, i'd love to be enlightened.

Who want to do that?. Japan has been in deflation for years and by printing more money will lead to hyperinflation. When you do this, Japan may go to a big Depression.

Japan may go to a big Depression.

...and depression is primary cause of 30,000+ suicides per year...according to Japanese media reports.

So what you're saying is printing yen would be suicidal?

The auto industry faces unprecedented decline due to recalls, faulty products, high servicing prices and overall poor >>quality that is mostly caused by their employment policy of running the whole industry with cheap part time workers, >>a self-destructive trend that started well before the yen strength could justify such a step into a wrong direction.

@The Munya Times, agreed. There are two types of consumers in the market; a price sensitive and a quality sensitive.

I do not want ot buy a Japanese car if the parts are made in China and assembled in USA or elsewhere. I am willing to pay an extra money for a ALL made in Japan car. When it comes to precision work, Japanese are excellent!! I will never own anything else but Japanese, I assure you on this one.

It's ironic that paragons of capitalism beg the government to help them. But printing some yen need not lead to hyperinflation. They're capable of controlling the amount they print to control the inflation rate. They can even announce the rate they are seeking, to alleviate uncertainty. A bit of inflation would be very good for the economy now and would lower the ridiculously high exchange rate. The only reason the yen is high is that it benefits both the US and China and they both know Japanese economic fundamentalist policymakers are not willing to take the only action possible at this point to counteract it, which is to print money. Those two are essentially relieving their own problems by turning their hoses on Japan's economic Titanic.

You lazy greedy manufacturers, ADAPT! Ive never heard US exporters ever complaining at the strength of th US dollar in the past. How about the EURO? did german automakers cry? We all know the reason. Japan hates change! And i for one am glad for everything that promotes change in this country (which is usually something negative), even if it pains me seeing some suffer in the short term as a result.