Sunday May 27, 2012

Japan ready to help IMF stabilize Europe

Politics ( 21 )

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

Back to top

Order by Time Order by Popularity

21 Comments

Login to comment

  • 1

    ExportExpert

    More money down the drain, cut the dump loose and let it go for crying out loud.

  • 3

    tokyokawasaki

    The world is crippled by debt, yet the IMF still asks for more money to be LOANED to the countries already drowning in debt.
    The 'Debt Money System' (search wikipedia) is evil and there is no way out until everyone understand what it is and how it works. Then collectively we need to evict all corrupt and paralyzed governments who are slaves/puppets to the worlds mega banks (A.K.A Goldman Sachs, JP Morgan etc, etc). These banks are the one who posses real power and control.

    Just ask yourself, why does your government need to borrow money? Exactly it doesn't make sense does it.... Next, who do you think benefits when government borrow? Exactly, only the mega banks... Nuff said.

  • 3

    smartacus

    Surely, Japan needs to inject its cash reserves into the Japanese economy first and foremost.

  • 0

    Ivan Coughanoffalot

    If the J-Gov has so much money to burn, why is it imperative that we all get stung with more taxes?

  • 1

    WilliB

    Don´t they see how pathetic is? What kind of world currency is that that needs support from the IMF?

  • 1

    Elbuda Mexicano

    Japan helping the IMF?? And who will help Japan??

  • 0

    ExportExpert

    Greece cant even repay its loans now and is trying to get something like 50% of its latest loans written off that are due on march, the whole thing is a joke.

    Didnt some japanese minister come out and say the other that he thought the Euro will be gone this year anyway, WHY THROW GOOD MONEY AFTER BAD???

    Dumb as Dumb does.

  • 0

    nsg79

    One would hope that they would look to making Japan stable before worrying about the rest of the world.
    If the other big IMF backers are not willing to invest more funds in the IMF this should be a big warning sign but no, lets just throw more money that we don't even have towards Europe. Getting control over domestic debt should be the priority now.
    Wonder which tax they are going to raise next to pay for this...

  • 0

    cracaphat

    With what ?

  • -1

    j4p4nFTW

    Japan, like a shining knight in armor, coming to save the world.

  • 0

    T_rexmaxytime

    No offense to anyone but some of you guys really ought to study world economics. Japan has the largest foreign assets in the world meaning it is the richest country in the world. Japanese debt is 95% internal debts meaning, the type of debts is difference from Greece and Italy. That is some of the reasons why investors have been flocking to yen over other currencies. Japan is a big contributor in IMF. I think 1st or 2nd in terms of volume. Japan rocks!

  • 1

    globalwatcher

    Japan ready to help IMF stabilize Europe

    Actually, this topic needs to be changed to Japan ready to help IMF stabilize World Bankings.

    If all bankings go under, then we WILL be in the Depression. So far, we are technically in the recession.

  • 0

    globalwatcher

    j4p4nFTWJan. 19, 2012 - 07:36PM JST

    Japan, like a shining knight in armor, coming to save the world.

    Sounds like Japan is in center of the world saving everyone else, and all other countries are around Japan, right? No really so.
    Japan is a part of world instead. This kind of mind set is very dangerous leading Japan back to an imperialistic country by people like you. That's exactly Japan did before WW2 in the South East Asia..

  • -1

    kazetsukai

    All governments run at a deficit with the persons in power keeping the the real wealth and money. Even if governments can run a country at so called "balanced budget" it is relative since it is the people who pay either by forced or voluntary taxation which can take many forms.

    For Japan, it is to "buy time" for the Japanese banks and industries to "recover from losses" or to get out before losses by using taxpayer money.

    Really Japan cannot help IMF and any of the countries going bankrupt, since Japan already has a huge "stake" in all of them. Japan own as with China a large portion of the debts of other countries. So if the cannot get the money back from the governments, they must give the banks and the industries an opportunity to get out as much as they can before all falls apart.

    What that means is that the money Japanese government used was borrowed from the people, namely from the government run bank called the postal service and the bonds issued, It must get the money "again" from the people by means of taxes. It in fact is needed just to pay for the "interest" obligations due. That is to buy time, but not enough, since what the government may have hoped to recover and possibly "profit" from making loans and buying bonds of other governments now appear to be impossible to collect. Imagine if USA fails.

    True other nations and investors are flocking to Japanese Yen not because the Japanese economy is good. It is because Japan has the most "reliable" asset in the world. That is the RELIABILITY OF ITS PEOPLE. No other nation or government can rely on its people to do their best to save the country. as the Japanese. On top of that, Japan has one of the highest number of skilled and productive people with a spirit if awakened can unite the entire population. (Something the USA and other Western nations had feared and and tried prevent from happening. ) But all the nations are looking at Japan (not the government) its people to reduce the impact of any economic disasters in their country.

    For those countries when economic strategies fail and the governments lose control...those in power must resort to some excuse to keep power... that is WAR. Be it named religious or worker wars... or even a revolution, the basic underlying need that those in power is trying to keep a sound economy and its people satisfied so that they may continue to stay in power. Those that fail or have failed have disastrous results. Usually those that tell a good story and have the appearance of being good but no less power hungry, take control by moving the masses.

    For Japan too... buying time means... more time to prevent possible war in Asia.

    That is a very difficult task with only about 1/100 of the Asian population. So Japan has given and continues to give economic assistance to nations in Asia not all by the government assistance but by allowing major Japanese corporations to expand into Asian nations. That is an extremely risky move, to allow too much expansion abroad. That is why Japan has a need to assist IMF even if it may be an extremely bad risk financially.

    US tried the same thing till recently and failed partially because of leadership and partially because of its people. The government allowed expansion abroad but the people did not consider the need to maintain their ability to recover, should it be needed. Now that the population in the USA has shifted with more of those that are not obligated or identifying with USA as "their" nation and country, but their own place to do what they want for their own benefit only... things are falling apart. That is something Japan also faces now. Both the Japanese government and the people have too many obligations and interest abroad that do not have any "controls" placed on them.

    Such is "Internationalization"

  • -2

    Ted Barrera

    How on earth are they ready to help anybody?!? Last I heard, this country was drowning in one of the worst debt crises on the planet, not to mention the serious recovery costs sustained by 3/11. Another ludicrous move by the J-Gov.

  • -1

    PT24881

    Lip-service of lending a help hand might enhance Japan's dream of a grand white knight nation for a while...until it comes to the critical moment of opening the Govt's wallet wide, will not be the same quick reaction ?

  • 0

    ubikwit

    like all of the rest of the aspiring pundits on this site,

    i'd like to put my 2 cents in!!!

    obviously japan would like to stabilize the euro scenario, as that is a major market for high-quality japanese manufactured goods, and a major reason why the yen is at all-time highs!!!

    any comments from the peanut gallery???

  • 1

    oberst

    globalwatcher got it right, it's the question of recession into depression. Japan's economy will truely goes to the toilet if the world sinks into depression, think about the export trades .

  • -1

    KariHaruka

    Yeah lets just throw away our money without trying to sort out our own debts first. What a cracking idea that is.

  • 0

    Wurthington

    Who's going to bail Japan out when they finally target Japan's debt?

  • -1

    RushO'Hannity

    why is japan bailing out the korruptokrats in europe ? let the chinese do it.

Back to top

Login to leave a comment

OR

Follow us

Facebook
Twitter

More in Politics

View all

View all