Comments on: Is Japan set to lead after 20 years of torpor? http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Cliff_O http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-605 Tue, 25 Dec 2012 03:18:21 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-605 People living in Japan including Shinzo Abe himself among others just want Japan’s economy to recover to a decent level – thus going to take necessary measures as camphor injection, nothing more or less than that for another several months before the Upper House election in summer.
Come August 2013, Abe will form a new team to begin depriving those with old vested benefits of their privileges – if he fails, a new premier will emerge within the party(LDP) as it had been so.

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By: Janeallen http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-604 Mon, 24 Dec 2012 23:52:40 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-604 Are you serious?
Do you mean you want the world to experience the unpredictability in fiscal policies from the 7th consecutive one-term leadership like Japan?

Do you mean you want the world to experience a shrinking overall economy like Japan?

Do you mean you want the world to be led by a country which is so corrupt that the leaders KNOWINGLY chose profit for shareholders of Tepco, and KNOWINGLY allowed the safety of nuclear plants to go below their own previously warned safety level?

Worse, do you mean you want us to be like Vietnam, barely avoided getting their electricity controlled by shoddy, corrupt Japanese entrepreuners who were just about ready to build the same below standard Vietnamese nuclear energy plants, until the plans were scrapped upon the revelation of the substandard conditions at the scandalous Fukushima!

Do you want us to be led by transparency-lacking, completely insider controlled Japanese Olympus type board of directors, who fired the whistleblower who exposed their fraudulent representation of financial statements to shareholder?

Do you want us to be led by the Japanese leaders that control their stock market listing, who KNOWINGLY allowed Olympus to be listed AND KNOWINGLY allowed Olympus to fire the honest whistleblower CEO, sending a message that any Japanese companies committing similar criminal fraud will receive help to cover up, and assistance to minimize any consequence of their fraud? Worse, Japan is actively supporting Olympus’s punishing of the whistleblower, sending the message that Japan stands up lying about the books, as long as the companies are Japanese, and the whistleblower is a non-Japanese foreigner?

And I’m just getting started with the list.

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By: matthewslyman http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-596 Wed, 19 Dec 2012 21:34:52 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-596 @usagadfly, @reality-again: UNLESS, monetary and fiscal policy actually have an influence on rates of reproduction!
Have you never heard anyone say they can’t afford children, either from a purely financial perspective, or from the perspective of not being able to take time off from work to do this — because of having to work from one meal to the next? Or, have you never heard women saying they can’t have more children because their homes are too small for that or because they can’t afford to move out of their parents’ homes, even after they marry and both husband and wife are working full-time? I have heard this said or suggested with surprising frequency.

I’m going to be really controversial now and say that many liberal “equal opportunities” policies can have pernicious effects on demographics and long-term GDP growth rates. For example, wealthy retirees and gay couples with no biological children of their own to raise often out-compete or out-bid families for family-sized homes with decent gardens, so that millions of children have to live in cramped accommodation whilst millions of retired people struggle to maintain properties that are far too big for them!
I believe everyone should have a dignified life and people have a right to their own property; but what seems “fair” for one person is not always “fair” in another sense of the word. If we condemn half of our nation’s children to miserable, cramped accommodation and poor nutrition because we don’t care to give their parents a “living wage”, this will not train them to produce or consume at optimal levels in the coming economy, and the GDP growth of the nation will be stunted by the limited personal growth opportunities of millions of under-financed people; while the arbiters of monetary trade live wealthy and comfortable lives (VISA and Mastercard cream approximately 2% off the top of each and every card transaction. Can you imagine it — a level of economic power asymptotically approaching 2% of the whole economy; for what? Some clever encryption and key management? Is this reasonable? Is one part of our economy — the grease on the monetary wheels as it were — so much more important than another — the cleaner or security guard or librarian working at the local school?)

This money had better be targeted to the right places — none of that nonsense about dropping “quantitative easing” onto the bond markets and letting that spontaneously diffuse into the general economy…

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By: Gordon2352 http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-595 Wed, 19 Dec 2012 20:37:55 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-595 You should make up your mind beforehand what your topic is going to be. This article combines two completely different topics and glosses over both.

Your statement that ” … 2013 promises to be a year for businesses and investors to focus again on economic fundamentals and corporate performance instead of delaying decisions while they waited with bated breath for the next euro summit, or election, or meeting of the Federal Reserve and European Central Bank” is ludicrous, since it completely ignores the real world, plus offers no substantiating documentation to prove anything you say in the entire first paragraph.

Your statements about inflation and the independence are particularly ludicrous.

Try doing some research before writing.

For example, this article entitled “Hotel California” by Doug Noland on the Prudent Bear website is a reality check.

http://www.prudentbear.com/index.php/cre ditbubblebulletinview?art_id=10737

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By: Gordon2352 http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-594 Wed, 19 Dec 2012 20:10:23 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-594 Lead to the bottom, perhaps!

Once their traditional market, the US, collapses, they will have no one to sell anything to, so they will collapse shortly afterwards.

No, China will not help them — too many bad war memories to overcome, plus the current fight between Japan and China over the resources in the South China Sea is raising tensions again.

No, Europe has never been a big market for Japanese products, and China will freeze them out as soon as the US collapses.

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By: reality-again http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-592 Wed, 19 Dec 2012 19:36:00 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-592 Good article.
However, Japan’s demographic problem is critical, and cannot be ignored. The country has no growth strategy in this sense, and no sensible immigration policy to speak of.
Monetary policy alone doesn’t achieve much, as we already know.

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By: usagadfly http://blogs.reuters.com/anatole-kaletsky/2012/12/19/is-japan-set-to-lead-after-20-years-of-torpor/#comment-591 Wed, 19 Dec 2012 18:22:22 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=228#comment-591 How can a people “lead” anything if they have no children?

Like other ethnic / racial groups with a sub-replacement birth rate, the Japanese are fading and will continue to fade until that turns around or they are history. “Corporate” States can continue in the face of the depopulation of their primary ethnic group, but what does that matter to the disappearing group? I does not, should not.

There is no reason to believe that any of the population groups who are not replacing themselves with live births will do anything but vanish. The world is changing, and in another century no one will care that these groups ever existed.

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