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Abe calls for public works spending plan to help economy

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Of course he does, could see this a mile off, giving to his construction buddies and Yakuza friends. Look at the cash cow the Fukushima nuclear plant turned into for these companies. The whole thing is a mess!

10 ( +11 / -1 )

Some of Japan's top government advisers also called for stimulus to offset a decline in consumption expected after an increase in the nationwide sales tax in October next year.

that's not what's going to do it. consumer confidence needs to come back for people to spend. And they are only going to do that if their wages go up. So raise the minimum wage you idiots.

"The prime minister asked me to take firm measures to ensure that our economic recovery continues," Economy Minister Toshimitsu Motegi said at the end of the CEFP meeting.

Oh ok!That settles it then!

> Of course he does, could see this a mile off, giving to his construction buddies and Yakuza friends.

Right on the money- pun intended!

Look at the cash cow the Fukushima nuclear plant turned into for these companies. The whole thing is a mess!

Couldn't have said it better myself.

9 ( +10 / -1 )

Whats that definition of doing the same thing over and over and over and over and over again expecting a different result called?

13 ( +14 / -1 )

I guess we can kiss goodbye to a few more mountains and stretches of coastline that haven’t been entombed in concrete yet.

11 ( +12 / -1 )

Whats that definition of doing the same thing over and over and over and over and over again expecting a different result called?

It's called stupidity.

In a few years time they'll be calling for another tax rate increase to help pay interest on spiraling debt caused by years of wasted public works spending.

10 ( +11 / -1 )

Tokyo doesn’t really need more concrete, does it?

7 ( +8 / -1 )

Whats that definition of doing the same thing over and over and over and over and over again expecting a different result called?

ahhh, but you're making the assumption that 'they' want a different result.... they don't (my view), they want more of the same, in order to continue to line the pockets of the usual suspects, and to continue to aggrandize themselves..... the old boys network, and certainly not limited to Japan....

8 ( +9 / -1 )

More debt - that’s the silver bullet that will solve all of Japan’s problems. Should have thought of this years ago.

7 ( +8 / -1 )

Ridiculous.  Should rather give money to people for childcare and old age care and the like.

5 ( +7 / -2 )

Build more schools!

0 ( +3 / -3 )

Japan needs spending to support the economy, but be reminded that Japan is the poorest in term of debt to gdp ratio, at 250. The next nation to Japan is greece which bankrupted long ago.

4 ( +5 / -1 )

Japan needs spending to support the economy, but be reminded that Japan is the poorest in term of debt to gdp ratio, at 250. The next nation to Japan is greece which bankrupted long ago.

Second time I’ve read this exact same assertion by you.

Greece? Sheesh. Please read more and post less

-6 ( +1 / -7 )

Adding more debt to the debt mountain is by far the biggest expense / problem with the economy...

It's like trying to help an alcoholic by giving them more alcohol.

It's madness.

5 ( +6 / -1 )

Greece current debt to gdp ratio is 178, the second in the world. 2005, 111,000 Greek companies went bankrupt.

0 ( +2 / -2 )

Abe has already spent the new consumption tax revenue several times over, now he plans to waste even more money on unnecessary construction projects at a time when there is supposedly a shortage of construction workers.

Remember when the consumption tax increase was touted as being necessary to balance the books? You don't hear that any more.

8 ( +9 / -1 )

corrupt career criminals funnel the money into their own pockets. business as usual. this is japan.

2 ( +3 / -1 )

The government still wants to follow that rabbit, when the BOJ released this today:

The 553.6 trillion yen ($4.87 trillion) of yen assets the Bank of Japan holds are worth more than five times the world’s most valuable company Apple Inc. and 25 times the market capitalization of Japan’s most valuable company Toyota Motor Corp. 

They’re also bigger than the combined GDPs of five emerging markets — Turkey, Argentina, South Africa, India and Indonesia.

Japan’s nominal gross domestic product for the April-June, the latest data available, was an annualized 552.8207 trillion yen.

The mind boggles.

5 ( +6 / -1 )

How does public works help average Japanese workers?

It surely helps Yakuza run construction companies?

3 ( +4 / -1 )

Anyone actually surprised? The sun is red.

5 ( +5 / -0 )

Ooooh if I could only audit some of the government books. Truth is stranger than fiction, beats any thriller, suspense novel or whatever.

2 ( +2 / -0 )

public works spending plan

Isn't that what they have been doing for the past 30/40 years also known as ''lost decades''?

6 ( +6 / -0 )

Flying by the seat of his pants. No plan. Knee-jerk reaction every step of the way. Fine way to run a major economy.

3 ( +3 / -0 )

John Maynard Keynes----back in favour!

1 ( +1 / -0 )

Nothing like more government spending to offset its own crappy economic policies and softening the blow of the tax hike that is necessary because the government spends too much money in the first place. Better spend more money.

"The prime minister asked me to take firm measures to ensure that our economic recovery continues," 

Economic recovery infinity

2 ( +2 / -0 )

@gogogo .. i think Abe was recently attempting to start building more schools, but just the wrong type.

Sadly, no matter what the Foreign residents think or say here, it does not matter... we cant vote.

3 ( +3 / -0 )

"public works spending" is the ABSOLUTE LAST THING a debt ridden country should be doing.

You can't make money on freshly paved roads.

3 ( +3 / -0 )

There you have the LDP SOP:

If in doubt, splash concrete about. Yet another payday for the Yaks, while they're still plums-deep in the Olympics bonanza.

https://news.vice.com/en_us/article/gynegw/this-may-be-the-most-dangerous-and-most-costly-photo-in-japan

2 ( +2 / -0 )

Employees don't get paid that much for long working hours Japan imposes.

So how this will benefit employees & workers ?

0 ( +0 / -0 )

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