Abe's BOJ nominees suggest split leadership for split board

By Leika Kihara

Politics ( 6 )

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  • 0

    some14some

    multiple methods to achieve one aim i.e. how to inflate debt. Take it easy not so difficult, if Abe can do it anybody can.

  • 1

    JeffLee

    Two officials at the top?!? What a great way to create even more Japanese-style inertia.

  • 3

    tkoind2

    Abe continues to illustrate that he is hell bent upon destroying Japan. A divided leadership never results in anything positive. Anyone with a first year 101 course in history or political science can illustrate why.

    Abe's policies make sense in a very short near term. But the immediate benefits to the perception of the Japanese economy will soon be overcome by the realities. Inflation in an environment where income in decline or under pressure to be reduced is dangerous. Why? Because worried working families will stop spending or at least reduce spending. Add to that worries about increased taxes and families will save. This is as Japanese a habit as Sushi and anyone familiar with family economics in Japan should know this. If lowly foreigners get it, why doesn't Abe?

    Second, once that depression in spending begins, it will have a knock on domino effect on jobs and the income of others. Less trips to the hair salon for Mom means less workers in those jobs able to keep working and keep spending. The same will apply to goods as well as services. As the sale of produced goods drops off the production jobs come under pressure to reduce costs and lay people off.

    This is a dead end street that will leave Japanese people with high costs and low incomes. The news from industry yesterday should be a validation of this perspective. They have given Abe a clear NO to raising wages. An answer we all knew well in advance.

    Why does Japan elect people to office who cannot see as far into the future as your average JT poster?

  • 1

    Cynicarc

    I wonder how they'll make thier decisions .. anyone got a coin to flip?

  • 0

    globalwatcher

    Abe is seeking to put at the top of the Bank of Japan two officials with different views on how to beat deflation

    This is the most "stupid thing" I have ever heard in my life.

    Can you imagine what would be like if the US Fed has two top officials; Bernanke and Greenspan to decide a monetary policy? These two have an opposit monetary economic ideology as you know. Well, I think BOJ will be between the Heaven and Earth. This already suggests me that Abe and Aso are not in full confidence of their own fiscal policy called Abenomics.

    Keep it mind that the monetary policy cannot creat jobs and the debt/GDP is over a 214%.

  • 0

    globalwatcher

    the debt/GDP is over a 214%.

    typo error, it should read as 241%. Thanks.

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