The possibility of another ‘lost decade’ for Japan is growing. A rise in the sales tax and the possibility of higher income tax for funding reconstruction after the March disaster would leave Japanese with less spare cash.
Quote of the Day ( 5 )
Seiji Adachi, senior economist at Deutsche Securities (Reuters)
Order by Time Order by Popularity
5 Comments
Login to comment
2
gaijinfo
So what's that, three in a row? One is a fluke, two is a coincidence, and three is a trend.
-1
steve@CPFC
I guess many of us consider the possibility a definite and will stay that way without a Governemnt that wants to help and govern properly. Wish J politicians would grow up and do what is best for the people not just themselves and their friends.
2
kaminarioyaji
I was just talking with a Japanese colleague the other day about this... After the war, Japan had a great mix of some people with good, radical policies, and a fair bit of luck too, which led to the economic "miracle" and the bubble economy. The build up to that bubble bursting was nearly 40 years - quite a long time, which seems to have manifested itself into the Japanese still believing that their government actually has a clue about what it's doing, when quite clearly, it hasn't, and I'd have thought that after 2 decades, this realisation would have begun to have sunk in. Perhaps it's beginning too, but I've yet to see evidence of this.
Japan needs to realise that in a world of constant flux, dogmatically sticking to what worked before doesn't always yield results. Time for a fresh approach.
Of course, that would probably only come from a complete "change of guard"; and as that's clearly not going to happen...
0
some14some
... and Asian markets are down today. what if Japan fails like Greece? What will be the cost of rehabilitation for rest of the world?
0
gonemad
The problem of the Japanese economy is not taxes. Raising or lowering them will have limited impact on the overall economy. If Japans heads into another lost decade, it's because it hasn't solved any of the problems from the previous lost decades.
Back to top