“Real or structural problems in the Japanese economy, like higher oil prices that have little to do with the currency system, can't be addressed with monetary policy,” Hamada noted. “However, since deflation and the yen's … [...]
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LifesiteAbe Asks Japan Business Leaders For Pay Rise To Fight DeflationNIKKEI.com… For Pay Rise To Fight Deflation . TOKYO (Kyodo)–Prime Minister Shinzo Abe asked Japan's business leaders Tuesday to raise wages … [...] It should not follow policies of Japan's stop and go approach towards stimulus. Since the collapse of Japan's housing bubble in 1990, the country has suffered more than two decades of deflation , stagnant growth, and … [...] Incoming Japanese Prime Minister Shinzo Abe kept up his calls on Tuesday for the Bank of Japan to drastically ease monetary policy by setting an inflation target of 2 percent, and repeated that he wants to tame the strong yen to help … Abe, a security hardliner who will be sworn in as premier on Wednesday, when he is also expected to appoint his cabinet, is prescribing a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in … [...] Both are close allies who share Abe's affection for reflationary policies, including heavy pressure on the Bank of Japan to take more drastic action to beat deflation . Bowing to such pressure, the central bank on Thursday … [...] While affirming their commitment to end deflation and achieve growth targets similar to those adopted by the LDP, the Democrats stopped short of prescribing a new inflation goal for the Bank of Japan or suggesting changes … [...] The frontrunner to become Japan's next prime minister said he would consider loosening some of Japan's fiscal discipline policies, in defiance of warnings by credit raters to curb borrowing by the world's most indebted … [...] Against mounting evidence to the contrary, QE is still seen by some central bankers and more politicians as the elixir that can not only reverse deflation (considered to be Japan's problem, though some, including I, question … [...] Pummeled by a strong currency and two decades of deflation , Japanese companies are shifting production to China and elsewhere. Japan's industrial core is eroding and threatened with being hollowed out, as happened in … [...] |
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Noahpinion: How not to criticize Japan
“That's about right,” [a friend living in Tokyo] said, “battered by deflation and a overly strong currency, the Japanese have concluded that they can't compete with a rising China and are withdrawing into themselves.”… Japan's … [...]