politics

Koike's economic policy mix dubbed 'Yurinomics'

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Groan.. Must we have yet another stereotypical word-mash in a second language? How about just leading with strong policies.

13 ( +14 / -1 )

what's with another stupid nickname?

3 ( +4 / -1 )

If thats what it takes for J public to get behind Koike, s reform so be it. Who cares what its called... no rise in consumption tax, ending nuclear power and cutting number of parasitic politicians and their overblown salaries ? Sounds good to me. Bring Yurinomics or whatever its to be called on.

4 ( +5 / -1 )

"....the government would increase revenue by taxing earnings retained by major companies, instead of raising the consumption tax rate from 8 to 10 percent..."

That's actually a good idea.

What is it with Japanese news articles, that you have to read down near the end of it in order to find out about what was stated in the headline and lead? Weird.

5 ( +6 / -1 )

Bring Yurinomics or whatever its to be called on.

Yeah, just like Abenomics, first its all ohhh and ahhhhh but then there is running and screaming.

9 ( +9 / -0 )

What is it about Japan and these recent imitations of the famous "Reaganomics"?

Like, I know you want some credit for having a economic plan, but don't forget Yuriko, everyone who's actually made Yurinomics possible! That what was made Abe lose his sense of commonership!

1 ( +1 / -0 )

They just can't do anything without giving it a stupid nickname in Japan. I suspect mascot elections will be held next week, too.

8 ( +11 / -3 )

Use Ukranian instead and it's Yurinomika. Way better and even sounds Japanese.

2 ( +2 / -0 )

the government would increase revenue by taxing earnings retained by major companies, instead of raising the consumption tax rate

So major corporations will pay corporate tax in earnings once as they do now, and face a new double tax on retained earnings?

Can't see this realistically producing 5 trillion yen of revenues each year on a sustainable basis (like the consumption tax hike would), when all corporate tax itself is 12 trillion yen as it is, without negative repercussions for the economy.

It sounds like a silly punitive measure that isn't seriously addressed at fixing Japan's budget problem.

It would also stimulate household consumption by tackling education, healthcare and aged care costs.

How?

I had expected more, from Yuriko. I had expected at least not such vacuous policy proposals.

Sad.

-1 ( +2 / -3 )

What is the press talking about? She has no plans... just "don't increase sales tax" and stop nuclear power plants.... how does she plan to fix the economy, the labor shortage, pension, lack of day care centers.... Details please!

8 ( +8 / -0 )

Urinomics? Why not? Suits a piss-poor economic platform.

8 ( +8 / -0 )

Hi new kaigi alumni same as the old kaigi alumni, what a weird joke!

2 ( +2 / -0 )

Under Yurinomics, the government would increase revenue by taxing earnings retained by major companies, instead of raising the consumption tax rate from 8 to 10 percent in October 2019….. to be fair a draft policy….

Issue is the differential between retain profit and earning in relation to loss.

The amount of profit kept within a company before distributive reserve. Not to mention the concurrent dividend policy and pay out. Plus reorganisations and actions……. Another media circus

-1 ( +0 / -1 )

where do the Japanese come up with these fantastic, original, and always fresh nicknames?

1 ( +3 / -2 )

Sick of all these stupid words (and party names). What next? Sickanomics?

4 ( +4 / -0 )

Yurinomics? Someone's taking the Mickey.

The new party will make a dent in the LDP position. There will be stalemate over the consumption tax. But it looks like constitutional change could proceed. It could be interesting to watch the share price of Japanese and US armaments companies over the coming months.

But as for groundbreaking policies to kick-start the economy, no party is setting its stall out, as far as I can see.

2 ( +2 / -0 )

Did they think this through? Yurinomics is pronoused Urine-omics ... I'm not even trying to be rude or funny.

6 ( +6 / -0 )

Comanteer beat you to it gogogo.

Fortunately the plan sounds so poor that it is unlikely to come to fruition, so Japan won't suffer much derision for it in the western media.

Will be derided for terrible political choices though.

1 ( +1 / -0 )

The country is screwed or should I say sukuru-enomics...........this is depressing

3 ( +3 / -0 )

Wasn't Abenomics dumb enough? I guess it's in the ear of the beholder. Abe wasn't the first person to think of printing money. And that's all he's done. What has she done or even proposed? Not raising the sales tax? I think someone with a catchier name thought of that before her.

3 ( +3 / -0 )

@shallots : exactly she has proposed no answer or changes. Why I hate Abe at least he has a (bad) plan.

1 ( +1 / -0 )

I suppose the next program will be yaoinomics.

Here¨'s to hoping someone gets the joke.

2 ( +2 / -0 )

Politicians should leave the economics alone. Their names are nothing. Abe is a politician, he knows little about economy. Koike is no better. When politicians mix their names with nomics, you know the consequences: disasters.

-2 ( +0 / -2 )

Politicians should leave the economics alone...

Government is always a part of economics. Deal with it. We gave them a power to tax, right to print money, and responsibility to make laws that controls all trades.

3 ( +3 / -0 )

Politicians should leave the economics alone.

That would be easy if corporations stayed out of government. As it is, corporations' survival largely depends on preferential tax treatment, procurement, subsidies, "accommodative" monetary policy, bailouts, and so on. Corporate welfare is at an all-time high. And so are profits.

Wasn't Abenomics dumb enough? 

The Japanese economy is actually in better shape now than right before Abenomics.

-2 ( +0 / -2 )

What is the press talking about? She has no plans... just "don't increase sales tax" and stop nuclear power plants.... how does she plan to fix the economy, the labor shortage, pension, lack of day care centers.... Details please!

I get a feeling that she almost wants her party to deliberately tank. Something smells fishy. Maybe keeping the 'wa'?

0 ( +0 / -0 )

Yurinomics. It got any arrows?

0 ( +0 / -0 )

More about Koike's policies from the Ahahi Shinbun (English):

"To make up for the lost revenue due to a freeze on the tax rate hike, Kibo no To will propose cuts in public works projects and aggressive offloading of state-owned land.

The party's economic growth strategy will involve utilizing the private sector to a greater extent and pushing forward with deregulation. The corporate tax rate will be cut from about 30 percent to 20 percent for companies in specific business sectors, such as those providing financial services utilizing information technology." [VOTE 2017: Koike's election pledge squares off against Abe administration]

0 ( +0 / -0 )

The corporate tax rate will be cut from about 30 percent to 20 percent for companies in specific business sectors,

ugh.

way to create another set of vested interests...

this sort of policy is grossly unfair and Koike should know better.

0 ( +0 / -0 )

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