BOJ ready to ease policy further if necessary: board member

It’s strange how Japan keeps blaming international economies for its failings when the Japanese domestic economy is in the toilet. Stagnant salaries, increased taxes, increased living costs disposable income virtually non-existent, pension system completely failed, but, yeah, let’s blame international economies for Japan’s mismanaged and failing economy.

With salaries stagnant for going on 30 years, the BOJ is powerless.

Good luck. Neo-liberal globalization is deflationary by nature, ie. "a race to the bottom." The only solution in this circumstance is to force employers to pay higher wages or provide a basic national income. But those moves would annoy the billionaires, and so sorry, a workable solution is out of the question. Billionaires come first.

When it comes to shafting its own people, Japan’s ruling elites take cynicism to the next level. They hardly need worry at all about any backlash from a docile populace long inured to toothless work regulations that keep workers on an extremely tight leash. The mandated denial of sufficient rest opportunities and refusal to reward workers a fairer share of the pie which you see here, confers an enormous cost advantage upon the owners of capital and the West has hardly begun to think through the logical consequences of being outgunned by closed economies that embrace a business is war by other means mindset. The consumption tax fiasco illustrates like nothing else, the contempt these powerful forces have for little people. There’s been almost zero consultation about the sales tax hike. Salaries haven’t gone up in years; in real terms, taking inflation into account, they’ve actually fallen.

How about the redistribution of useless BOJ officials into the Japanese economy?

it might help...