Gov't slams brakes on Y5 tril in spending due to cash crunch

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  • 5

    gogogo

    Opposition party holding Japan to ransom to get their own way.

  • 7

    WilliB

    " Gov't slams brakes on Y5 tril in spending "

    Now that is a headline I would like to see more often, and not only in Japan!!

    Governments everywhere enjoy so much spending other people´s money, so great to see that one recognizes there are limits.

  • 1

    Hector Apigo

    No more cash?? Poor Japanese economy, and poor me. I have to pay more taxes on goods and svcs soon.

  • 5

    Cricky

    Ha ha, the disconnect might be realized, but I doubt it. The clowns are worried about their own welfare not the tax payers. Not at all!. Shame there is a total lack of clarity or accountability. Some / may traditions have had their time.

  • 3

    moomoochoo

    Gov't slams brakes on Y5 tril in spending by not paying politicians salaries

    Now that's what I'd like to see.

  • 4

    smithinjapan

    So, Mr. Azumi, you threaten the political world by saying, "We may have to face a situation like in the US," then turn around and say, "I doubt we would ever have to face a situation like in the US?" Which is it?

    But hey, why don't we earmark 2 trillion for some rocks in the sea? I'm willing to bet that while they shut down a lot of funded public places and public employees' salaries, they won't shut down any unnecessary public works projects or fire the amakudari sitting in the government buildings doing nothing all day.

  • 1

    smithinjapan

    And also, let me guess... the opposition will go forward with the legislation in question if Noda decides on an early Lower House election? That seems to be the demand the string they attach when they want something.

  • 1

    tmarie

    No money but buying those stupid islands, giving "aid" money left right and center to countries they think might help them in the long run, bribes to countries to support their whaling and no salary cuts to the folks running the show... Oh why am I not surprised.

  • 0

    WilliB

    tmarie:

    " No money but buying those stupid islands, "

    Well, actually these "stupid islands" demarkate ocean territory, depending on who owns them, so this is a heck of good deal. Why do you think China is so adament about owning them?

    I take it you would also have objected back then when the US wasted money on buying the "stupid territory" of Alaska from Russia....

  • -1

    the-grouch

    Wait a minute! The government is going broke but they have the cash to buy the Senkaku Islands for 2+billion yen? That's doesn't sound right. Somehow priorities are not being taken seriously. Those islands are not going anywhere. Get the government in order first, start compensating the Tohoku victims and their families, contain the radiation problem then buy the islets from the owner with the money donated and take it from there.

  • 4

    Farmboy

    As I said before, stop paying the Diet members, saying that there just isn't enough money right now, and that the Diet needs to bear the burden before the people do. You can be very apologetic about it. Miraculously, the problem will soon be resolved.

  • 1

    tmarie

    **Well, actually these "stupid islands" demarkate ocean territory, depending on who owns them, so this is a heck of good deal. Why do you think China is so adament about owning them?

    I take it you would also have objected back then when the US wasted money on buying the "stupid territory" of Alaska from Russia....**

    Islands that are already in their "control" who have Japanese "owning" them. I don't see China trying to buy them. And was the US in serious debt with zero hope economically when they bought Alaska (for a damn cheap price I might add)? Nope. Didn't think so.

  • 0

    Al Stewart

    meeting, meeting, meeting, discuss, discuss, discuss, talk, talk, talk, yapp, yapp, yapp, blah, blah, blah.

    But actual nothing is happening. You guys got like a little over a month to figure this thing out.

    They need to realize there is no perfect answer. They need to at least put a band-aid on this before it gets out of control...or is it already out of control?

  • 6

    Ivan Coughanoffalot

    Is there going to be any cut in spending on the white elephant Olympic bid? Are we going to negotiate the price down on those islands we already owned? Is a single one of the legion of shuffling bureaucrats in Kasumigaseki going to be told, "It's 6 o'clock. Go home - do the rest of the paper-shuffling tomorrow, there's no money for overtime?"

    No, of course not. Just cough up, folks. Open your bank books and render unto our feudal overlords that which they deem suitable. Never mind your hospitals or your children's education. We've got Antarctic whaling expeditions to pay for.

  • 1

    Alex Einz

    I dont see any problem not paying government linked companies, municipalities should have enough anyway from citizen tax...and they can always cut diet members benefits to nil for universities.... so where is the problem exactly ?

  • 0

    tian4670

    Financially broken with excess money to spend on stupid islands....

  • 0

    Serrano

    "We could almost run out of money by the end of November"

    No problem - borrow from China!

  • 1

    Disillusioned

    "Cut off your nose to spite your face!" this is exactly what the opposition party is doing. They are prepared to completely ruin the country's economy for the sake of a few seats in the house. That tells everything one needs to know about Japanese politics. 16 prime ministers in 15 years, which also coincides with the failure of the economy. This country needs drastic changes to its economic policies and strong leadership to get Japan out of the poop it is in, but that will never happen while these beurocratic brats play 'tit for tat' in parliament. Sorry Japan! You are screwed! If you have bonds, cash them in now! Get all your invested cash and send it OS. And, don't buy any property in Japan. This place is going to the dogs!

  • 2

    Serrano

    Disillusioned - I just changed some yen to $U.S. dollars, even with the prospect of the U.S. economy continuing to languish.

  • 4

    yasukuni

    " I met a bureaucrat last week who told me one of his jobs was to write on this website!"

    haha. it's gotta be one of those right wing guys. Probably the same guy with different handles. And I bet he gets a bonus for pushing the good/bad button!

    Horrible job - but somebody's gotta do it!

    (and it's not me)

  • 1

    crack123

    World Economy - Outlook and perspectives in 3 charts: <www.miguelangeldiez.com/2012/09/05/global_economy>

  • -5

    nigelboy

    57.5% of the bills passed which is one of the lowest in history not to mention the fact that the current ordinary session is one of the longest.

    Time for an election for it's quite obvious that DPJ lead cabinet cannot get anything done.

  • 2

    Ayler

    I think the country is going to ruin because it is full of people sitting around government office's doing nothing at all on huge salaries. I truly believe that almost no one over about 35 does any meaningful work whatsoever. They just waste our tax money on a trail of idiot meetings, pointless paperwork and unnecessary overtime.

    Bingo. No More need be said on the matter.

  • -1

    nigelboy

    The problem with "earning more money" by deliberately staying is that each ministry and division's budget is based on the principle set forth by 人事院 that the maximum overtime pay is limited to 360 hours a year which is roughly 30 hours per month and based on 20 days of work days per month averages out to 1.5 hours per day of paid overtime. Of course there are allowances but a study conducted by the labor union a few years ago revealed that some departments exceeded 30 hours per month and were technically "not paid" for those hours worked. The study also revealed that the main cause of this is the shortage of staffs. This is also evidenced by the fact that Japan is one of the lowest among developed nations in terms of government workers per capita (42.2 government employees to 1000)

    http://www.esri.go.jp/jp/archive/hou/hou030/hou21-1.pdf

  • -2

    nigelboy

    Oh Patrick

    http://www.kokko-net.org/kokkororen/08_shinbun/s1286.html

    You can find a lot of information about unpaid overtime work in the above link which the reasons was cited above. (Budget allocation already set)

  • 3

    american_bengoshi

    Wow. The Japanese government is approaching financial dire straits and could run out of money. They have already passed laws to raise our taxes. In such a situation, I have to ask the obvious -- HOW DOES THE JAPANESE GOVERNMENT HAVE MONEY TO PAY FOR A SUMMER OLYMPICS in 2020? Seriously, these brain dead politicians need to get their priorities straight. It's baffling!!

  • -2

    nigelboy

    Wow. The Japanese government is approaching financial dire straits and could run out of money. They have already passed laws to raise our taxes. In such a situation, I have to ask the obvious -- HOW DOES THE JAPANESE GOVERNMENT HAVE MONEY TO PAY FOR A SUMMER OLYMPICS in 2020? Seriously, these brain dead politicians need to get their priorities straight. It's baffling!!

    You had to ask the "obvious" so here it goes.

    http://www.metro.tokyo.jp/INET/KEIKAKU/2012/02/70m2f137.htm

    It's sitting there collecting interest.

  • -1

    sfjp330

    nigelboy Sep. 08, 2012 - 03:22AM JST You had to ask the "obvious" so here it goes. It's sitting there collecting interest.

    Doesn't matter. Tokyo is the worst place to have 2020 Olympics. J-goverment has not figured out why majority of their people in Tokyo are against wasteful spending. In a recent survey taken this year showed only 47 percent of Tokyo's citizens support the Summer Games after failing to win the 2016 Olympics. Since you work for the J-goverment, you should know. The poll showed 78 percent supported Madrid's bid with 73 percent backing the Istanbul bid. Most likely, Istanbul will win the bid.

  • 1

    Ranger_Miffy2

    nigelboy...that link leads to a nihongo page. Could you translate it for us, please?

  • 1

    nigelboy

    nigelboy...that link leads to a nihongo page. Could you translate it for us, please?

    It's like over 400 billion yen collecting interest.

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