LDP exec says more BOJ easing not needed for now

Such sage advice! This is the party that deliberately derailed the target in the first place by agreeing to go ahead with the consumption tax hike.

Now, every fiscal policy measure seems aimed at working around or mitigating this blunder.

What a shock to see yet another financially and economically illiterate and unqualified politician babbling away in the media about topics they have no understanding of. Apparently Ms. Inada is unaware that ratios include both a numerator and a denominator, and that by attempting to run a primary surplus (government removing more money from the economy than is injected) they will reduce spending and GDP, thereby making the ratio BIGGER!!! Never mind that she would not be able to explain why she thinks it is important to reduce this ratio in the first place, other than by saying it seems to be very BIG. Predictably though she has drank a swimming pool full of supply-side Kool-Aid as she claims the only true revival will come through "deregulation". Yes, Japan is full of people with great business ideas but who say "I can't be bothered to deal with all these regulations and paperwork. If only the government would get out of my way I'd get off my butt and go make some money." Never mind also that these are the same regulations have been in place all along, meaning the concept of "causality" is not one that gets processed in her brain. And of course we need "steady implementation of growth policies" because nobody has ever thought of that before, and they've wasted years implementing no-growth policies. Total Dark Ages economic nonsense.

There is currently 80 trillion yen of stimulus per year, 700 billion $, they just said no more on top of that to be clear, QE is continuing full throttle

Thanks for enlightening me.The average Japanese see their savings evaporate through QE and the corporate big wigs see their stock holdings balloon in value.

Apparently Ms. Inada is unaware that ratios include both a numerator and a denominator, and that by attempting to run a primary surplus (government removing more money from the economy than is injected) they will reduce spending and GDP, thereby making the ratio BIGGER!!!

Guy, as usual, pure nonsense. Did you happen to miss all those budget surpluses the U.S. government ran during the Clinton years, while the economy was BOOMING? You really ought to stop throwing around words like "financially and economically illiterate".

LDP exec says more BOJ easing not needed for now

Unnecessary interference with Bank Of Japan, central bank should work 'independently!'

Did you happen to miss all those budget surpluses the U.S. government ran during the Clinton years, while the economy was BOOMING?

Ah yes, the Clinton "surpluses", the Gold Standard for financial illiteracy and incompetence. Cut government spending during an unsustainable private credit bubble, forcing people to borrow even more to maintain living standards and accelerating on the road to the inevitable bursting of the bubble. Then after you stop BOOMING and crash and turn your country in to the biggest corporate welfare state in human history, you claim "success"! A level of stupid you can't make up.

For those not paying attention, Japan has been unable to generate growth through increasing private debt for a quarter of a century since its own bubble burst, so will not be able to counteract their insane desire to cut government spending with increased private spending as Clinton did. The solution to not being able to increase spending is to reduce it, apparently, and the inevitable result will be a fall in GDP and an increase in the irrelevant and idiotic Debt to GDP ratio.

Ah yes, the Clinton "surpluses", the Gold Standard for financial illiteracy and incompetence. Cut government spending during an unsustainable private credit bubble, forcing people to borrow even more to maintain living standards and accelerating on the road to the inevitable bursting of the bubble. Then after you stop BOOMING and crash and turn your country in to the biggest corporate welfare state in human history, you claim "success"! A level of stupid you can't make up.

For those not paying attention, Japan has been unable to generate growth through increasing private debt for a quarter of a century since its own bubble burst, so will not be able to counteract their insane desire to cut government spending with increased private spending as Clinton did. The solution to not being able to increase spending is to reduce it, apparently, and the inevitable result will be a fall in GDP and an increase in the irrelevant and idiotic Debt to GDP ratio.

Guy -- just more pure nonsense on your part, with not a single fact to support anything you say. Just more and more empty words hoping that quantity wins out over quality. May have been an effective high-school debate strategy, but not here. As you full well know, or should if you call yourself an economist, the Clinton surpluses were NOT based on cutting spending, they were based on increased revenues caused by the BOOMING economy. Nice try.

May have been an effective high-school debate strategy, but not here

High school debating style? I'd say confirming your opponent's point and then claiming victory is classic high school debating style. And yes I am aware that tax revenues increase in a booming economy, but I am also aware that increased tax revenues do not create a surplus. A surplus requires the private sector to either run down their assets (making them poorer) or take on more debt (both a cause and effect of the booming economy). There is nowhere else for the "surplus" money to come from. But your general point is taken, the Clinton surplus was made possible by a booming economy. For those who haven't noticed Japan does not have a booming economy, so will not be able to pull off Clinton's trick unless it impoverishes its citizens (that will be very popular!). Same accounting trick was also pulled in Canada in the '90s, but it has never been pulled off in any country after private credit growth has stopped growing and the country has stopped "booming" (see UK, Australia,etc.). All that will happen in Japan is our incompetent government will spend years attempting to achieve a primary surplus, and years scratching their little heads wondering why it never arrives.