The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© (c) Copyright Thomson Reuters 2014.BOJ's Ishida: Recovery on track even if GDP falls after tax hike
By Stanley White TOKYO©2024 GPlusMedia Inc.
8 Comments
Login to comment
Louis Tan
What else can the BOJ say or be permitted to say even if the sky were falling. Self denial works only up to the point where reality hits and reality is coming real soon for Shinzo Abe and his troupe of clowns.
Scrote
Where are these higher wages the BOJ keeps talking about? I won't be seeing any, and neither will the civil servants at the BOJ. It seems they are living in a fantasy land in which falling salaries and a drop in GDP somehow amounts to a successful recovery.
sighclops
ABOUT TIME TO RAISE WAGES! Seriously pitiful state of affairs...
plasticmonkey
i.e. "Large construction companies and large exporting manufacturers will get lots of money from taxpayers, which will make our economy look strong on paper."
ryuusei
@Scrote
Agreed - if I don't get something immediately, it obviously isn't working, right?
Higher wages on average do not mean everyone sees an increase, as an FYI.
Scrote
ryuusei: average wages are still falling, according to the BOJ figures. Therefore I must be a winner with my above average, zero pay rise.
Jean ValJean
" Ishida also said that he saw a strong chance that Japan’s consumer prices will increase enough to reach the BOJ’s 2% inflation target from the second half of fiscal 2014 to fiscal 2015."
Ah, here's the silver lining; the powerless underclass will have to pay more to get less while working more for less. Got it! Rejoice in impoverishment provided by BOJ incompetent practices! All is well!
nath
Just keep printing the money, wow, no brainer here.