Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

Finance minister defends stimulus spending package

Politics May. 10, 2009 - 02:09PM JST ( 7 )

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7 Comments

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pathatMay. 10, 2009 - 09:54PM JST

"It’s not going to happen overnight, but we must move toward an economy that is centered on domestic demand, Yosano said on a nationally televised TV Asahi news show."

We know it's not going to happen soon. Other countries, especially the U.S., have been pushing Japan for two decades to do more to stimulate domestic demand and decrease the reliance on an export-driven economy.
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noboritoMay. 11, 2009 - 12:50AM JST

how can I get my hands on some of that pet money?
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some14someMay. 11, 2009 - 08:26AM JST

how can I get my hands on some of that pet money?

simple, just show you belong to 'amakudari' club. One more pack of Y15tri please, then it may have some effect on j-economy.
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wanderlustMay. 11, 2009 - 09:37AM JST

Just received the paperwork for my 12,000 Yen stimulus payment, and judging by the amount of photocopying, writing, traveling, submitting, and then a long list of approvals, it will tie up the local government for months processing it. Still, it will go towards a memory upgrade on one of my computers....
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electric2004May. 11, 2009 - 12:59PM JST

After the 12000 Yen stimulus comes the cut of the summer bonus in the order of 10 percent. Then for a bonus in the order of 1000000 Yen, the workers will loose 100000 Yen. That will be the opposite of a stimulus.

But still also Government Offices and related institutions will cut the bonus. Nice work to increase spending. NOT.
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apecNetworksMay. 11, 2009 - 05:20PM JST

We'll see if the stimulus package is spent wisely. If so, this economic crisis could be an opening to restructure the Japanese economy for the 21st Century - instead of a crisis, it can be a chance to renovate industries for changing times. Example would be a strong lean toward "green industries".
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BTADTMay. 11, 2009 - 07:54PM JST

Some14some...Amakudari...ha-ha. It also might be a good idea if they could somehow persuade that Todai, Keio, Waseda, Meiji, Rikkyo and Hosei... frat packs to get on the band wagon and join more domestic market operations…