Use your Facebook account to login or register with JapanToday.
NEW USER REGISTRATION
Letters and numbers only; 5 to 50 characters. This cannot be changed later.
You will be sent an email to activate your account before you can log in.
Yes, I would like to receive news alerts from JapanToday
TravelingSalesDec. 14, 2014 - 11:08AM JST
Nine of the opposition parties have offered a credible alternative to Abenomics or a solution to the debt problem.
You can't beat something with nothing.
Posted in: Japan's weak opposition makes Abe default choice
TravelingSalesDec. 13, 2014 - 05:04PM JST
Anyone opposing Abeconomics has a responsibility to suggest a reasonable alternative. I haven't seen one yet.
Posted in: Abe pivots away from painful reforms
TravelingSalesDec. 13, 2014 - 04:58PM JST
Yes, that's why the upper middle class is so much richer that the regular middle, even more than in the Gilded Age.
Oh, wait, no actually it isn't. The gap is much less. How did that happen?
I guess we just think it is when we here these mindless "truths" peddled by ideologues of little thought and less sense.
Posted in: We believe the stock market rally since Shinzo Abe came to power in December 2012 has increased the wealth of the richest Japanese.
TravelingSalesDec. 13, 2014 - 04:53PM JST
How can you expect to bring tourists to Japan when the bars & restaurants have such a foul atmosphere - filled with tobacco smoke. Some pictures on a menu will not compensate for that.
Posted in: Amid shrinking domestic consumption, foreign tourists will be a quick remedy to revitalize consumption. Such small hospitality gestures, including offering restaurant menus with photos, will certainly attract more foreign tourists.
TravelingSalesDec. 12, 2014 - 01:43PM JST
It is ridiculous to have to follow such a dangerous policy. However, the clock has run out on the alternatives. There is no ability to substantially raise taxes, so the choices are default or monetize. Default would be a disaster so cataclysmic that nobody can seriously contemplate it, so monetization is the only way. However, since the morons in Kasumigaseki have spent the last several decades stunting the capital markets, the only transmission mechanism is a Mickey Mouse banking system full of time-servers and incompetents.
Onishi-san is right to be scared.
Posted in: Market bears bet on Abe victory, then a yen disaster
TravelingSalesDec. 12, 2014 - 12:10PM JST
Lots of people complaining about Abenomics, but nobody offering a credible alternative.
TravelingSalesDec. 11, 2014 - 11:21PM JST
That's the point. Abenomics is another word for printing money. When you print money, it becomes less scarse and less valuable, so the people who have money (savers) lose, and the people who owe money (government) win.
Posted in: Japan's looming benefit cuts an unspoken, unsettling election theme
TravelingSalesDec. 11, 2014 - 03:36PM JST
You guys should read fxgai's numbers. It's too late to play around cutting bureaucrats or public works. You could cut every project and every person in the government and it still doesn't work. There is not enough money.
There are only two choices - catastrophic default or monetize the debt.
Abenomics is an immoral, highly risky and desperate policy. Unfortunately the alternatives are even more immoral and risky.
TravelingSalesDec. 11, 2014 - 02:59PM JST
I heard that Sony is not releasing this movie in Japan or South Korea.
Posted in: No coverage at 'The Interview' premiere
TravelingSalesDec. 11, 2014 - 11:51AM JST
The point about Abenomics is to take value (by monetization of debt and by holding down interest rates) from savers and give it to borrowers.
Losers will be those who hold cash, deposits, bonds and other fixed income instruments.
Winners will be the government and its beneficiaries/dependents, and, as a semi-unintended consequence, owners of hard assets, real estate, commodities, equities, foreign current assets and businesses, particularly if they are leveraged.
TravelingSalesNov. 21, 2014 - 02:05PM JST
Progress, albeit slow.
Posted in: Japan raises military profile in naval war games with U.S.
TravelingSalesNov. 16, 2014 - 06:01PM JST
Real estate is already up 10-20% in central/southwest Tokyo over last 12 months.
Posted in: Investors are buying real estate stocks because they see a delay of another tax increase as a plus. The hope is that more individuals will buy property, which is often a person’s biggest-ever investment.
TravelingSalesNov. 14, 2014 - 09:50AM JST
Delay for a couple of years so the economy can strengthen, and then raise gradually by 0.1% per month until the government finances stabilize.
Posted in: The government raised the sales tax to 8% from 5% in April and Prime Minister Shinzo Abe is planning to announce in December whether he will raise it to 10% next October in a bid to rein in massive public debt. What do you think he should do?
TravelingSalesNov. 14, 2014 - 09:47AM JST
I'm all in favor of an election and I hope Abe wins, but I dread the thought of weeks of the "yoroshiku onegai itashimasu" loudspeaker vans. If any politician will promise to ban, or at least mute, them, I will do my best to take out Japanese citizenship & vote for him/her.
Posted in: Abe appears to have decided on poll, LDP official tells media
TravelingSalesNov. 12, 2014 - 08:09PM JST
It's time Japan stepped up and picked up more of its own defense burden. As an American, I am sick of paying taxes so they can freeload.
If this guy wants to disagree and burn himself that's up to him, but I hope he left everything he has to the US Treasury to pick up some of the costs he wants to stick us with.
Posted in: Man dies after setting himself on fire in Tokyo's Hibiya Park
TravelingSalesNov. 11, 2014 - 09:49AM JST
Starbucks because it's clean & smoke-free. Most of the local places are filthy.
Posted in: When you drink coffee or tea in Japan, do you prefer the chains like Starbucks, Tully's, Doutor, etc, or do you prefer the traditional "kissaten?"
TravelingSalesNov. 10, 2014 - 02:55PM JST
Do any of the Japanese actually talk about this subject, or is it just us gaijin?
Posted in: Japan is still way behind in terms of anti-smoking policies, especially measures against secondhand smoke. You can still smoke in a lot of public places in Japan such as office buildings, coffee shops, restaurants and bars.
TravelingSalesNov. 10, 2014 - 11:58AM JST
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.
Posted in: My mission is to make sure that the Japanese economy really gets out of the deflation that has continued for more than 15 years.
TravelingSalesNov. 10, 2014 - 09:53AM JST
It is so dirty and disgusting! Always a disappointment when you come back to Tokyo from cleaner places like Manila or Seoul.
TravelingSalesNov. 01, 2014 - 02:23AM JST
In the end this is simply a mechanism to transfer money from savers to borrowers (by a strange coincidence, the government is the largest borrower) while simultaneously driving private savings out of government bonds into more productive (and risky) assets.
It is a policy of desperation, with a pretty good chance of disaster.
On the other hand, because of the incompetence of Japanese governance over the last fifty years, the only alternative policies (and there are very few) carry almost a certainty of disaster.
Best chance to make money is, buy real assets - stocks, commodities, real estate - and borrow like crazy. In other words, act like the government and the BoJ will accidentally bail you out as they intentionally bail out the government.
Posted in: BOJ expands asset purchases to Y80 tril to spur recovery
Dec. 19, 2014 - 12:16AM JST
One merit to Sony in USA. Now American people knows Sony in USA that has many…
Posted in: Sony cancels Dec 25 U.S. release of 'The Interview' after threats
Dec. 19, 2014 - 12:09AM JST
I know how you feel .
I live in Hokkaido Japan where has a lot of…
Posted in: 5 dead in snow-related accidents; travel disrupted
Dec. 19, 2014 - 12:01AM JST
Even though the situation seems to be deteriorating at the moment, I do believe it is…
Posted in: Abe vows to rewrite constitution, instill patriotism in schools
The current Shinkansen is a wonder... The is just a big d**k contest
Posted in: JR Tokai begins construction of maglev line
Dec. 18, 2014 - 11:56PM JST
All my equity is in businesses and property. Any cash is kept for living expenses.
Posted in: Abe can’t pump his chest to say he won the will of Japanese people. He must realize it’s imperative to bring some benefits to the Japanese people.