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© (c) Copyright Thomson Reuters 2019.Aso plays down need for stimulus after tax hike
By Tetsushi Kajimoto TOKYO©2024 GPlusMedia Inc.
12 Comments
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kurisupisu
We’re going down, down , down...
Pacificpilot
Aso has no idea of how the Japanese worker struggles to make a living and pay bills to keep the household going
vic.M
If they want to increase consumer spending, just raise the minimum wage- is that so hard to understand since something like 60% of workers are on low wages and contract work.
Belrick
Agree with vic. M.
Been here 20 years and never seen any wage increase other than that for part time staff in convenience stores! Oh, and the fat cats of course!
drlucifer
Yes, you saw no confusion because as usual you never went out to get a feel and are completely out of touch.
How a dinosaur like you continues ti manage an important ministry like finance beggars belief.
It is because of people like you that the economy has continued to tank for the past 30years.
As usual you will attribute your incompetence on outside foreign outcome.
The most disturbing thing is that the media is so scared of holding people like Aso to task.
Samit Basu
It's the lack of money that is preventing stimulus, not the lack of need for it.
The Japanese government is rapidly approaching the debt default level with its soaring national debt, and can't afford to spend money on stimulus. It's simple as that.
commanteer
You are wrong about that. Japan's debt is in yen, so all they have to do is print more of it. And that's what they will do (as will the US at some point). This is the tried and true method, eventually ending in runaway inflation. But at least the debt gets paid!
Sh1mon M4sada
LOL, I hope the minister know the difference between private income and government income.
Perpetual government budget deficit can't go on forever, so stop propping up the wealthy with your government bonds paying extraordinary coupons when in actual fact interest rate is negative.
The country is paying an income to wealthy bankers, when it's the bankers that shoukd be paying government to look after their money. Go talk to your reserve bank about it.
Arrrgh-Type
Silver Spooners like Aso won't be too hurt personally by a 2% consumption tax increase, so of course, he doesn't see any need for urgent action.
drlucifer
But there is money to buy corn that it doesn't need to giveaway to Africa just to please master Donnie