business

Tax hike takes toll on auto sales

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I would be curious to know how much of a year-on-year increase there was in February-March on rush demand before the tax hike.

3 ( +3 / -0 )

A bit off topic, but the Japanese Govt. needs to deregulate the Kei car engine restrictions. Tiny hyper efficient engines will be a HUGE growth market in the future.

3 ( +3 / -0 )

Because everyone and their dog bought a car before the tax hike... I would guess that auto sales will be down for the next 5 years or so..

2 ( +2 / -0 )

Japan's economy needs stimulus, not higher taxes.

2 ( +3 / -1 )

@ JeffLee... If by stimulus you mean print more money... no, hell no. They just need to let companies fail and others to come in and pick up the work. Too many zombie companies and not enough aggressive business. When things start to fail, mentalities will change and other innovative companies will pick up the slack.

There are other ways to make the best out of tax money that are much more productive than raising consumption tax... but politicians wont take these avenues. Same for other major countries (read USA) who don't do things a$$ backwards.

1 ( +2 / -1 )

"If by stimulus you mean print more money."

No, I mean quantitative easing, which is not "printing money," and fiscal spending.

"Repeat the same failed Keynesian experiment"

Keynesian policies are not "failed" nor are they an "experiment." When Keynesian policies were in vogue, pre-1980, we had much higher growth, rising real wages, job security and a growing middle class. Single-income households were the norm. The failure has been with neo-classical free-market policies, which since their introduction have robbed the US and other countries of their former prosperity.

1 ( +1 / -0 )

Nope. Nobody predicted this result. Repeat the same failed Keynesian experiment over and over expecting different results.

Next, there will be more restrictive inspection standards on aging vehicles to force people to spend THEIR savings under the lame excuse of "stimulating" the economy, which really just means transferring earned wealth from savers to big companies, governmental thieves and other non-producers.

Starve the Beast.

0 ( +2 / -2 )

@JeffLee

I agree, and incentives/subsidies should be spent on cutting edge industries (green energy, battery technology, etc.) not on one guy digging a hole while two other watch.

0 ( +0 / -0 )

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