Haruhiko Kuroda, governor of the Bank of Japan (BOJ), speaks at a Group of 20 (G20) seminar in Fukuoka on Saturday. Photo: Kiyoshi Ota/Pool via REUTERS
business

Kuroda warns of uncertainties on global recovery prospects

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By Leika Kihara

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The key questions are:

What is "global" economic recovery?

What determines economic recovery? What are the data and evaluation process used to say recovery?

Why must there be such a recovery? What are the parameters and conditions?

Why is "stability" so important? And for whom? For whose benefit?

Too many unanswered questions, but all economists seem to say "decline" or "slowing" of "growth" is not "good" or "favorable". What are the criteria used? From which perspective were the evaluations and decisions made?

Business as with life is constantly changing and challenging...

The point is... everything is from the "perspective" of those who thinks that they deserve to have and get what is "better" and much more "beneficial" for and to themselves. Meanwhile they "paint the picture with a scenario" that what is good and beneficial for and to themselves is also really good for and beneficial for and to others.

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 "..what is good and beneficial for and to themselves is also really good for and beneficial for and to others.

That is the bedrock upon upon which neo-liberalism is built.

Notice how none of these "global powers" ever use the GDP per capita metric? It's superior than the standard yardstick - simply GDP measuring aggregate output. But using it would reveal that slow-growth small ppulation countries are usually healthier and happier with better environments than the high-growth ones, and would threaten profits at the multinationals and all their billionaire stakeholders.

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Kuroda is a globalist

Every one of his predictions

FAILS

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Totally agree with JeffLee - in addition, with only GDP as the current goal of most policy makers - any slow down or fall in "growth" can only be a win for the planet when current growth just means more mindless fossil fuelled consumption.

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