Abe shrugs off global criticism over latest stimulus steps

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  • 2

    tmarie

    shrugging off criticism

    Nothing new with him and this is why he's dangerous for Japan. While the locals can support him all they want, the fact that other countries are getting nervous and making bold statements, be it economy or island issues, is a very good example of the way this country is going and how arrogant this man is.

  • 2

    Ewan Huzarmy

    Abe says Meh !

  • 1

    smithinjapan

    At least he's stopped denying it.

  • -1

    herefornow

    “The measures taken by the government and the BOJ are aimed at beating deflation and achieving sustainable economic growth,”

    Possibly. But Abe, and the rest of the world lso know that the quickest way for Japan to have any economic growth is by stimulating the export industries. And the quickest way to do that is to lower the yen.

  • 6

    nigelboy

    South Korea has also been vocal in recent days, with the governor of the central bank saying that Japan’s latest monetary easing had “created problems.

    "On the basis of the Bis data, the most aggressive currency warriors of the past 5½ years have been South Korea (a 19 per cent real effective depreciation since August 2007) and the UK (minus 17 per cent)- So the Koreans win this week’s prize for hypocrisy. " -Financial Times

    Just "this"week?

  • -1

    soldave

    Next comes the comment that it's a domestic issue, and shouldn't be something that other countries should concern themselves with.

  • 2

    2020hindsights

    “The measures taken by the government and the BOJ are aimed at beating deflation and achieving sustainable economic growth,”

    Possibly. But Abe, and the rest of the world lso know that the quickest way for Japan to have any economic growth is by stimulating the export industries. And the quickest way to do that is to lower the yen.

    Not possibly, definitely. I'm no supporter of Abe, but economists have called for fiscal easing for years.

  • 4

    nigelboy

    Next comes the comment that it's a domestic issue, and shouldn't be something that other countries should concern themselves with.

    And it should be. When Lehman Sock surfaced in 2008, the USD hovered around 100 yen. Then Euro and U.S go on their quantitve easing and I don't think Japan complained.

  • 1

    Surf O'Holic

    How dare he pursue the same currency debasing tactics as the other scurrilous central bank fraudsters. He's just late trying to join the race to the bottom. Hypocrisy from the whining crooks.

  • 0

    edojin

    Wonder if the headline could also read: Abe shrugs off local criticism over latest stimulus steps? With the yen moving the way it is ... seems as if the local public bathhouse that uses heavy oil to heat its water it facing higher bills for this form of energy. This, along with possible higher bills for gasoline and certain foods from overseas, is going to hit the little guy pretty hard.

    With Abe shrugging off such criticism, hope the local voters here in Japan "shrug him and his party off" come the Upper House elections.

  • 1

    wtfjapan

    lets not forget the biggest currency manipulator of all, the USA, $40billion month in quantitive easing/money printing and look what its done to the dollar. The US has created the imbalance now Japan has stepped in and is basically doing the same as the US to bring a balance back. Not an Abe fan but what hes done is totally acceptable & not illegal if other countries dont like it this then tell the US to stop what they started!

  • -1

    Serrano

    Abe is enjoying a 66% support rate, he can pretty much ignore the whiners whining about the weakening yen, which is good for most people.

  • 0

    globalwatcher

    SerranoJan. 31, 2013 - 10:26PM JST

    Abe is enjoying a 66% support rate, he can pretty much ignore the whiners whining about the weakening yen, which is good for most people.

    good for most people? Excuse me? Serrano, please explain further. Thanks.

  • 0

    Serrano

    @global - You are excused, ha ha

    Yes, a weaker yen is good for many Japanese companies trying to export their products, and for anyone outside Japan not earning yen who want to visit Japan.

  • -1

    Serrano

    A dollar should certainly get more than 90 Japanese yen, no?

  • 0

    globalwatcher

    SerranoFeb. 01, 2013 - 07:14AM JST

    @global - You are excused, ha ha

    With Inflation target of 2% goal, sales tax hike, losing a value of savings and deflation of wage, I do not think they are a happy camper.

  • 0

    globalwatcher

    $40billion month in quantitive easing/money printing and look what its done to the dollar.

    Still going........

  • -2

    humanrights

    Shrug off when its suits you and later run for help when you need. Too many inconsistencies Japan. You will never get friends in the world that way.!

  • -1

    lachance

    Have you ever heard the expression, "Hot Money." Bernanke is one of our greatest warriors in dismantling Red China. We have recently convinced PM Abe to join us in forcing the BOJ into creating more hot money that will be pumped into Hong Kong and from there into the Chinese economy, creating massive inflation and seeming wealth.

    After all, that hot money from Quantitative Easing by Bernanke is not creating inflation in the US, is it? Only in China. Now we need the BOJ to join us in creating more hot money that will not affect inflation in Japan but create a bigger asset bubble in the Chinese economy. Together, we'll blow the yuan to smithereens.

    You remember that expression, the inscrutable mind. That's America, dude, not China. We are inscrutable, and you have no idea on how many fronts we are attacking China for daring to question the sovereignty of the Senkakus.

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