“Trump’s return may light a fire under Japanese bureaucrats to accelerate efforts to increase the role of domestic consumption in driving growth.”
And how do they expect to drive such growth when NO ONE HAS ANY MONEY!?
End the excuses, enough of this poverty wage horseshit. And for the love of God, INVEST in some energy independence already instead of making yourself poorer importing oil & gas.
Glass-Operation-6095 on
Japan needs its own nukes.
Tanagrabelle on
Peter Pan act?
Educational_Fuel9189 on
Oh wow there’s such a simple equation to make the Japanese economy rich? I wonder why they didn’t do that these 40 years hmmmmm
knx0305 on
I wonder what a 1% interest rate would do to Japan. Aren’t variable rates quite common there for mortgages?
tristansensei on
I’m more of a Rufio kinda guy.
ShastaPlaster on
There’s two problems
1. Japanese are notorious oversavers after 30 years of a shell shock economy
2. Japanese companies know that, and gouge everyone while paying a pittance for most salaries so that no one can ever get off the ground and actually have a family to replace retiring workers
Trump ain’t fixing jack shit. Eventually the populace will get so tired of the LDP and their buddy-buddy economics policies and they will vote in politicians who will actually tax large corporations correctly and fund social services that allow for people to have children again. You’re already seeing it happening with the last election results and you can bet that the next election will be another swing away from the LDP’s pathetic stagnant policy.
homoclite on
Peter Pan anything involves having children
jackandjillonthehill on
This is a ridiculous take. Ueda is quite intelligent and well spoken. He is not engaging in any magical thinking. He has clearly discussed the need to raise rates when both inflation and inflation expectations begin to change, which they are doing.
As the author points out, the currency has been consistently weakening which can import inflation, so rates need to go higher in order to both strengthen the currency and contain inflation.
It’s not clear that rate hikes would even be negative for the economy. Scott Bessent, Trump’s likely treasury secretary, was saying he thinks it will be stimulative to Japan to increase rates because the savings rate is so high.
Japan is undergoing corporate reform and companies are deploying their cash hoards. There is a ton of capital abroad which could be brought home to stimulate the economy with the right policies. This would be something Ishiba needs to do, not Ueda.
puruntoheart on
Japan doesn’t need nukes. It needs a huge number of IRBMs, cruise missiles, and hypersonics. If anything from Ukraine is telling us that the waved missile/drone attack against military and infrastructure is the wave of the future. Nuking Shanghai has no real strategic merit, but hitting every power substation around it with missiles and causing power outages for weeks degrades the fighting ability of the whole PLA. Doing that everywhere in China stops aggression, and even knowing that Japan has enough missiles to severely damage critical systems (a lot of which aren’t hardened and are dual civilian/military use) has immense deterrent effect.
MaapuSeeSore on
Until X’s countries citizen grow a class conscience and fight for increased power at the bargaining table , the push for increased democratic demand/output is just going to strain the current working class.
Applies to japan, applies to many powerful mature countries
No disposable /extra income means no savings are possible, no money for kids, no money to spend on more domestic goods, no money to stimulate the local economy .
CandusManus on
This is a bunch of baseless assumptions.
Klabbadafab on
He world will be weaned off America and its fake exceptionalism
Milestailsprowe on
This man will ruin any level of American Global dominance. His followers won’t understand till it’s too late
pokeraf on
Japan will soon release its Gundam army.
Storyteller-Hero on
Never underestimate Japan; it after all has the power of anime and a 1:1 scale Gundam figurine with moving parts.
imcalledgpk on
Man fuck this guy.
Owl_lamington on
Forbes article is usually shit nowadays.
Ill-Dependent2976 on
It makes sense. Republicans love nazis. Should be no surprise that they’d support Japanese fanatical nationalists too.
vodka-cran on
This election was stolen.
Unique_Shopping_2003 on
It is quite possible, that japan begins building its own military hardware. And giving less reliance on US backing. I hope they do it.
21 Comments
“Trump’s return may light a fire under Japanese bureaucrats to accelerate efforts to increase the role of domestic consumption in driving growth.”
And how do they expect to drive such growth when NO ONE HAS ANY MONEY!?
End the excuses, enough of this poverty wage horseshit. And for the love of God, INVEST in some energy independence already instead of making yourself poorer importing oil & gas.
Japan needs its own nukes.
Peter Pan act?
Oh wow there’s such a simple equation to make the Japanese economy rich? I wonder why they didn’t do that these 40 years hmmmmm
I wonder what a 1% interest rate would do to Japan. Aren’t variable rates quite common there for mortgages?
I’m more of a Rufio kinda guy.
There’s two problems
1. Japanese are notorious oversavers after 30 years of a shell shock economy
2. Japanese companies know that, and gouge everyone while paying a pittance for most salaries so that no one can ever get off the ground and actually have a family to replace retiring workers
Trump ain’t fixing jack shit. Eventually the populace will get so tired of the LDP and their buddy-buddy economics policies and they will vote in politicians who will actually tax large corporations correctly and fund social services that allow for people to have children again. You’re already seeing it happening with the last election results and you can bet that the next election will be another swing away from the LDP’s pathetic stagnant policy.
Peter Pan anything involves having children
This is a ridiculous take. Ueda is quite intelligent and well spoken. He is not engaging in any magical thinking. He has clearly discussed the need to raise rates when both inflation and inflation expectations begin to change, which they are doing.
As the author points out, the currency has been consistently weakening which can import inflation, so rates need to go higher in order to both strengthen the currency and contain inflation.
It’s not clear that rate hikes would even be negative for the economy. Scott Bessent, Trump’s likely treasury secretary, was saying he thinks it will be stimulative to Japan to increase rates because the savings rate is so high.
Japan is undergoing corporate reform and companies are deploying their cash hoards. There is a ton of capital abroad which could be brought home to stimulate the economy with the right policies. This would be something Ishiba needs to do, not Ueda.
Japan doesn’t need nukes. It needs a huge number of IRBMs, cruise missiles, and hypersonics. If anything from Ukraine is telling us that the waved missile/drone attack against military and infrastructure is the wave of the future. Nuking Shanghai has no real strategic merit, but hitting every power substation around it with missiles and causing power outages for weeks degrades the fighting ability of the whole PLA. Doing that everywhere in China stops aggression, and even knowing that Japan has enough missiles to severely damage critical systems (a lot of which aren’t hardened and are dual civilian/military use) has immense deterrent effect.
Until X’s countries citizen grow a class conscience and fight for increased power at the bargaining table , the push for increased democratic demand/output is just going to strain the current working class.
Applies to japan, applies to many powerful mature countries
No disposable /extra income means no savings are possible, no money for kids, no money to spend on more domestic goods, no money to stimulate the local economy .
This is a bunch of baseless assumptions.
He world will be weaned off America and its fake exceptionalism
This man will ruin any level of American Global dominance. His followers won’t understand till it’s too late
Japan will soon release its Gundam army.
Never underestimate Japan; it after all has the power of anime and a 1:1 scale Gundam figurine with moving parts.
Man fuck this guy.
Forbes article is usually shit nowadays.
It makes sense. Republicans love nazis. Should be no surprise that they’d support Japanese fanatical nationalists too.
This election was stolen.
It is quite possible, that japan begins building its own military hardware. And giving less reliance on US backing. I hope they do it.