Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

Markets 'disappointed' over failed U.S. debt deal: Azumi

Politics Nov. 22, 2011 - 10:50AM JST ( 14 )

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Tokyo stocks opened down 1.01 percent on Tuesday

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14 Comments

2

ironchefNov. 22, 2011 - 11:46AM JST

Azumi, i think the markets are more disappointed at your yen selling. That was a disaster. Last i checked, the yen was 76.90 to the USD, or almost back to the level before your intervention. Time to find a new finance minister. This guy is clueless
0

JapanGalNov. 22, 2011 - 11:59AM JST

Azumi added markets had doubts over the ability of politicians in the United States and Europe to deal with deep-seated economic problems.

What? ability of politicians? Like, Japans are rock solid? New govt. every 8 months or so?

“Japan’s political situation is more stable when it is compared with the rest of the world,”

Is this man blind?
1

WeaselNov. 22, 2011 - 12:14PM JST

Japan’s political situation is more stable when it is compared with the rest of the world...

If you're using Somalia as a benchmark in stability, 'yer setting the bar pretty low.
0

globalwatcherNov. 22, 2011 - 12:35PM JST

Japan’s political situation is more stable when it is compared with the rest of the world,”

LOL, The best misquote of 2011!!
-1

Johannes WeberNov. 22, 2011 - 12:45PM JST

"Japan's political situation is more stable when it is compared with the rest of the world," he said, noting the success of Japanese lawmakers Monday in passing a 12.1 trillion yen extra budget through parliament.

Lovely. Yet again I can understand why it is called "PLANET JAPAN". He must be talking about a different planet then where I come from.

Azumi added markets had doubts over the ability of politicians in the United States and Europe to deal with deep-seated economic problems

Admittedly, American and European politicians cannot draw on first-hand experience of more than 20 years of recession and mismanagement. Japanese politicians (and companies) are certainly in an advantage here.
-1

noriyosan73Nov. 22, 2011 - 01:06PM JST

It is all about, "Show me the money." It is in the US Congress and every other county. It is time for Rome to burn, and start over. Every country is leaning on every other country's crutches through loans. Eventually everyone falls down. Always remember the "Tulip Market" story when tulip bulbs (Stocks, money, etc.) sold for outrages profits. Eventually, someone was left holding a bag of worthless tulips. The U.S. Congress has failed to reach an budget agreement because everyone is afraid he or she will be left holding the bag. Every congressman and senator holds a bag of tulips, and the members do not have to follow the law that the average citizen follows. "C'est la vie."
0

Raja TimilsinaNov. 22, 2011 - 01:35PM JST

this market analysis is like blind people describing the elephant ..........every one has their own view.............no concrete idea what it is real alike......
2

T_rexmaxytimeNov. 22, 2011 - 01:51PM JST

You guys must not study economics nor read the news. Compared to the Euro crisis and the U.S crisis, Japan is relatively stable.
2

lostrune2Nov. 22, 2011 - 03:23PM JST

Yeah, stably stagnant.
1

TatankaNov. 22, 2011 - 03:49PM JST

I think Azumi needs to throttle back on his the psychotropic medication.
0

FadamorNov. 23, 2011 - 12:23AM JST

“Japan’s political situation is more stable when it is compared with the rest of the world,” he said, noting the success of Japanese lawmakers Monday in passing a 12.1 trillion yen extra budget through parliament.

Funniest quote of 2011!! It's easy to pass budgets when you're trying to recover from a disaster. Emergency funding was easily passed in the U.S. Congress when Hurricane Katrina devastated New Orleans and the surrounding area. Japan is not special in that regard.

The markets may be disappointed in the U.S. politicians, but I'm positively ticked-off at them for once again doing ABSOLUTELY NOTHING while continuing to collect a paycheck.

Republicans: You're going to have to reaise taxes. Stop painting yourself into a corner by pulling a Bush Sr. and saying "Read My Lips: No New Taxes." At least he had the huevos to later admit he made a mistake when he had said that. This new breed of Republicans just sticks their fingers in their ears while yelling "LALALALA I CAN'T HEAR YOU!" whenever the subject of tax increases comes up.

Democrats: You are going to have to cut some popular programs. There's no way around it. Stop painting yourself into a corner by promising that certain programs are "off-limits" to cuts. We can't afford that luxury in this day and age.

Tea Partyers: Stop partying and actually get specific. "Less Government" is not a platform so much as it's the second half of a bad light beer commercial.

Debt "Stuporcommittee": SHAME! SHAME! SHAME!
0

gelendestrasseNov. 23, 2011 - 02:25AM JST

The "soupercommittee" was doomed to failure as soon as they announced an even number of members, half from each party. All the republicans had to do to get the tax cuts was absolutely nothing. We all saw that coming, didn't we?
-1

smithinjapanNov. 23, 2011 - 03:56AM JST

"Japan’s political situation is more stable when it is compared with the rest of the world..."

Just when I was stating to think perhaps Jun-kun were not one of the most unqualified people on the planet for his position, he pulls this gem out. I dare him to name the last 7 Prime Ministers and the dates from when they started and finished -- in 30 seconds or less.
0

アメリフセインNov. 23, 2011 - 06:35AM JST

Is the Yen gonna continue to raise or will it drop?