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Japan ready to act if needed to quell market swings

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Japan ready to act

By doing what, printing more paper?

2 ( +7 / -5 )

The best thing for the government to do is hold off on intervening. The Japanese government has shown itself to have poor understanding of economics, and business. To date, its intervention hasn't revived the economy.

5 ( +8 / -3 )

you know those types of folk who rush up to cue in line, say for fast food, or for the train ticket machine? the rush to get 'up there, stand in cue, and when the big 'your turn' moment comes, it is then that they look at the price sign and begin fingering through their yen-by-yen; oblivious to those stuck waiting behind?

I have a name for this: 'rush up and go duh'. This resembles what Suga sounds like in the above.

Scoff all you want, but a spoonful of suga has little or no affect on facilitating the current situation let alone helping alleviate the taste of the big chinese pill.

7 ( +9 / -2 )

That means they will deficit-spend a few trillion yen of your tax money to keep stock prices high. Markets are supposed to grow or shrink according to demand and nature. Like anything else, markets have seasons, fair and foul, but our economic planners in government are determined that it should always be summer. But a prolonged summer is usually followed by a prolonged winter.

4 ( +9 / -5 )

JBinJapan, yes im sure you some dude in the internet have better understanding of the economy than the entire Japanese government

1 ( +5 / -4 )

The government is always ready to act on behalf of the 1% market elites, but has done little to address the needs of the 30% working poor.

9 ( +11 / -2 )

Nothing about world economies changed drastically leading up to this selloff. China's economy is slowing and probably will continue to slow. Everyone had seen that coming. The difference is that all the world's financial markets are now linked with computers and program trading rules the day. So token statements and small scale adjustments by Japanese officials won't change sentiment. Is the selling overdone? I think so. When will it end? Ask the computers.

2 ( +3 / -1 )

You can't build an economy based on exports in a recession. Make sure domestic demand is robust by raising the minimum wage. That's where stability will come from

6 ( +8 / -2 )

Suga, who added that Japan was prepared to work with other major industrial nations to handle the global market declines.

Markets go up for years, policy makers are happy. Markets go down a bit, policy makers start saying that they "have to do something".

We'd be better off without these meddlers.

Asked about the “stronger yen,” Suga scoffed that the yen’s level was still within expectations, noting that it was trading near 80 yen to the dollar three years ago.

Suga has this much right.

hero77,

JBinJapan, yes im sure you some dude in the internet have better understanding of the economy than the entire Japanese government

Actually he probably does, if you consider the Japanese government's recent track record.

2 ( +5 / -3 )

Standard government statement and it's inconsequential in the end. The market takes its own course in the long run. I tend to think that pension fund propped-up Japanese market will see more downside. Another example of inept Japanese officialdom pushing this country down. I hope I'm wrong.

7 ( +7 / -0 )

An interesting opinion on the current situation

There are definitely uses of capital that are only productive when rates are really low. Or, rather, that appear to be.

When you make it more affordable to invest in a particular thing, in the long run that leads to an increased supply of that thing and ultimately lower than expected prices.

Unless, of course, you keep supporting those prices with more interventions. We just can't face up to the fact that those investments were unjustified or that the policy was unwise. So we devote the nation's treasure to making the lies true.

1 ( +3 / -2 )

Japan illegally interfering again with the market after telling the US it doesn't.

1 ( +3 / -2 )

Actually, the US is leading the way in this sort of market intervention. Japan and Europe are playing catch-up.

4 ( +5 / -1 )

all governments are interfering in and manipulating their own asset and currency markets. Only need to see yields on all government paper to figure that out. My guess is that we will see another round of talking and possibly even action from successive governments as they continue to try to beggar their neighbours. China;'s rate reduction will prompt others to try and further ease monetary conditions in their own markets.

4 ( +4 / -0 )

The more politicians try to meddle in markets, the worse it gets. Yes politicians can print money and make laws, but the idea that they can dictate the behaviour of a market is simply hubris.

2 ( +4 / -2 )

Japan if your going to print YEN, then bloody give ME some!!!!

3 ( +3 / -0 )

I recommend going to youtube and checking out Gerald Celente

He said that first there will be a failure of the markets that will lead to a currency war. Then when that fails you have a global war to fix the economies of the world. We are in the middle of the second stage. Seeing the recent troubles in the middle and the far east leads me to believe another major war isn't too far away.

After all the failure of economics and politics leads to war.

0 ( +1 / -1 )

I was watching the BBC TV yesterday they interviewed some Chinese politician who was talking about the decline in trade, I was waiting for the sly swipe at Japan who was going to get blamed for the down turn in there economy, but it never came, I am bitterly disappointed!!

-1 ( +1 / -2 )

@Aly Rustom - Correct, and i say which is why the US is pushing Japan to remove Article 9. The US government, have on more than one occasion complained about, no "wall" between US and China.

My suggestion to the Japanese Government would be to remove all restrictions on weapon development, allow postal services to use drones for delivery, and make it easier to create your own company, and make some more big funding for new technology for new separately owned companies.

The country I was born in did really good in he last economical crisis, even tho a lot of big companies went bankrupt, because when people lost their job they build a new economy at home in their own small "hobby company", until the big ones started hiring again. This was entirely luck because nobody knew that all these small hobby companies would carry so much weight.

0 ( +0 / -0 )

Actually, the US is leading the way in this sort of market intervention. Japan and Europe are playing catch-up.

Three wrongs do not make a right.

Medicine which works for one patient may not work at all on another. America is a large and resource-rich country with a relatively stable government. Such is not the case for Japan and much of Europe.

0 ( +2 / -2 )

There's a currency war going on right now-this is part of the current stock market crash....

0 ( +0 / -0 )

, yes im sure you some dude in the internet have better understanding of the economy than the entire Japanese government

Hero77, I'd say most people probably have a better understanding of the economy than the entire Japanese government (or any other government for that matter).

Politician, bureaucrats, high ranking officials live in a totally different world than individuals, or businesses. I can't perpetually borrow more money than I earn without some kind of consequence. My salary is very much tied to my performance and that of my employer.

Japan's sovereign debt is mostly from money borrowed from Japanese citizens, and businesses. The government to pay back the money it owes them, asks its own creditors to it pay more money through taxation. An individual or business couldn't do that to their creditors ("Hey Visa, give me more money so I can pay your back).

I may be "some dude" but, like many "dudes" and "dudettes", I have a fixed income, a budget, and debts to pay. We live and experience the economy in way the likes of PM Abe can't begin to appreciate.

0 ( +0 / -0 )

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