T Nation

Insane People Run Japan

Politics and World Issues
#1

"Fresh from an election victory, Japanâ??s next prime minister, Shinzo Abe, pressed ahead with his top priority of reviving the sickly economy, vowing a hefty spending package and increasing the pressure on the central bank for quick action to pull the country out of recession and deflation. â?¦

Mr. Abe, who said he would form a cabinet on Dec. 26, vowed a â??large-scaleâ?? budget for government spending to help boost an economy heading toward a third straight quarter of contraction and to end decades of deflation. The budget will take into account the gap between oversupply and weak demand in the economy. â?¦

Mr. Abe vows to force an â??accordâ?? on the BOJ to replace its looser goal of 1% inflation with a binding 2% target and to undertake â??unlimitedâ?? monetary easing to achieve it. He has suggested radical measures for the bank, such as gobbling up government bonds to push more money into the economy and buying foreign bonds to weaken the yen. He has threatened to revise the law granting the central bank its independence if it refuses to cooperate."

http://dailycapitalist.com/2012/12/17/insane-people-run-japan/#more-23401

And I outta know…:slight_smile:

#2

It’s all the rage man. You watch how other countries are destroying themselves financially and then you do the same thing. It’s a sorta a geo political game of following the leader, except nobody will cop to bein the leader and everybody sneers at everybody else while they all do basically the same thing. It’s great fun at U.N. parties.

#3

Mutually assured destruction.

#4

And this is the CONSERVATIVE party that is back in power after just having lost it for the first time. Ever.

Don’t even get me started on taxes. You think you guys have it bad now? Just you wait.

It’s like someone here wants to throttle economic growth.

#5

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#6

The real power behind the politicians in Japan is the Yakuza.

#7

Let’s not forget about the shinigami.

#8

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#9

I was jokin about evil politicians.

#10

[quote]Sifu wrote:
The real power behind the politicians in Japan is the Yakuza. [/quote]

Bullshit. Gone are the days of mobsters. Here are the days of central banks.

#11

[quote]TooHuman wrote:

[quote]Sifu wrote:
The real power behind the politicians in Japan is the Yakuza. [/quote]

Bullshit. Gone are the days of mobsters. Here are the days of central banks.[/quote]

Why don’t you do some simple homework before you call bullshit on something? Dumbass. Maybe you could read the wikipedia entry. http://en.wikipedia.org/wiki/Yakuza

The Yakuza own significant shares of every major corporation in Japan. And they have been known to infiltrate the banks.

#12

[quote]Tiribulus wrote:
Let’s not forget about the shinigami.[/quote]

Has Ryuk been messing with the National Diet again?!?

#13

[quote]Sifu wrote:

[quote]TooHuman wrote:

[quote]Sifu wrote:
The real power behind the politicians in Japan is the Yakuza. [/quote]

Bullshit. Gone are the days of mobsters. Here are the days of central banks.[/quote]

Why don’t you do some simple homework before you call bullshit on something? Dumbass. Maybe you could read the wikipedia entry. http://en.wikipedia.org/wiki/Yakuza

The Yakuza own significant shares of every major corporation in Japan. And they have been known to infiltrate the banks. [/quote]

I say that is good news.

Banks could certainly benefit from owners with some sort of ethical code.

#14

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