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© Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.DPJ looks to reshape Japanese economy
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adm_kenshin
I just can't understand these people. Just look at the numbers, do a little math, and you'll see that even if the consumers' purchasing power could be increased temporarily, that won't automatically lead to an increase in spending. The fact is that Japanese people already can afford all they need to. The market is saturated. Foreign markets are also either saturated or lacks purchasing power. There can be no more (long term) growth, because supply is already way above demand. This is a physical fact.
Furthermore, attempts to increase demand for consumer products will lead to little success. Most people already have their essentials, and can't afford luxury products. The same is true for most export markets.
A rethinking of the economy much more radical than DPJ's suggestion will be necessary. Or, we could lower supply by starting a war. Guess which one the politicians will pick ^_-