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My mission is to make sure that the Japanese economy really gets out of the deflation that has continued for more than 15 years.

8 Comments

Prime Minister Shinzo Abe (Washington Post)

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8 Comments
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Mission impossible.

2 ( +4 / -2 )

Yes, let's have inflation that will erode my non-going up disposable income, lol.

4 ( +6 / -2 )

No, your mission is to spend so much money that future generations of Japanese will always be working harder and harder just to pay the costs associated with the debt, and the increasing costs associated with the aging population. You are simply burying them in red ink.

0 ( +4 / -4 )

I thought your mission was to make 'a beautiful Japan', revise history, undermine the constitution, stop the free press, follow a neo-liberalist economic policy that creates a wider income disparity and get nuclear power going a full capacity. Make up your mind...which one is it? Make up your mind...

2 ( +4 / -2 )

Ha, ha, ha!

Abe, you slay me!

1 ( +3 / -2 )

... then remove barriers to immigration Abe, because the Japanese people's GDP per capita is already some of the highest in the world.

Unless you invent cloning then the problem is simply that there aren't enough people, and even if women start popping out babies by the dozen today that won't solve the problem for another 20 to 25 years.

The bottom line is that until Japan resolves its population decline the economy will continue to shrink. In subjective terms, once depopulation is factored in the Japanese economy has been growing faster than most developed economies.

The economic shrinking is purely and simply population related. ... although Abe and his cronyism aren't helping.

-2 ( +1 / -3 )

A deflation that has been at worst neutral for Taro Q. Taxpayer but has prevented yourself and your cronies from looting the public savings and devaluing the debt that you've run up.

Remind me again why we, the public, should cheer you on when you actively destroy our savings, deprive us of financial security for our futures, and do your best to destroy Japan's admirable historical support for the middle class?

1 ( +1 / -0 )

The savings are already gone - they are all invested in government bonds which the government can never hope to repay

The question is only wether this fact is realized gradually and hopefully without panic, by inflation and monetization of the debt, or precipitously, by a government default, which would cause a financial implosion far worse than seen in Greece or Cyprus.

2 ( +2 / -0 )

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