Gov't approves Y92.6 tril budget

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

  • 1


    It's nice when 25% of your tax revenue must be spent to service current debts, which amount to more than 200% of GDP. The fact that interest rates are low, and that Japanese people keep a lot of money saved in banks allows this situation to exist without collapsing uner it's own weight. But the Abe administration has set an inflation target of 2% per year, and if the rate of inflation is greater than what people are earning in interest on their savings, what point is there in saving? People may begin to save less, or interest rates will have to go up.

    It's wonderful how goverments can manage their economies, spending $3 for every $1 they earn in revenue. Were they private conpanies, they would be shut down and their owners imprisoned for fraud. "Stimulus" indeed. But generally speaking, the stimulus money seems to find it's way into the hands of government workers, or government projects, and has little, if any, positive effect in the long run, after you deduct the negative effects of further increasing the national dbtt, and the costs of "servicing" said debt.

    What a circus...

  • 0


    but still relies on borrowing to cover 46.3% of its spending.

    Simply un-sustainable with an aging/shrinking population.

  • 2


    They claimed that tax revenue would exceed bond issuance, but they omit to mention Y2 trillion of bonds issued to fund pensions. They also claim that tax revenue will rise, but with salaries falling it's hard to see how that can happen.

    Another thing I've been wondering about: with Abe saying he wants 2% inflation, who is going to buy new bonds at yields lower than that? You'd have to be daft to buy a 10 year bond at 0.5% when inflation might be 2% in a couple of years.

  • -1


    The 2% inflation is not attainable. I am listing CPI of Japan here.

Login to leave a comment

  • TOEICインストラクター

    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:時給 3,000円 相談可
  • TOEFL・IELTSインストラクター

    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:時給 3,500円 相談可
  • 海外留学担当者

    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:月給 25万円 ~ 35万円 相談可
  • 営業/建設機械  

    MB Japan 株式会社、埼玉県
    給与:給与要相談 歩合制 給与参考例・・・2013年度営業職月給平均 45万円  
  • PR and Communication Specialist

    PR and Communication Specialist
    Italian Chamber of Commerce in Japan、東京都

More in Politics

View all

View all