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© Thomson Reuters 2020.Japan's economic policymakers now factoring in Olympics cancellation, sources say
By Leika Kihara TOKYO©2025 GPlusMedia Inc.
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kurisupisu
How weak and ineffectual has the economy become at supporting the population when all the economic stimulus we can look forward to Is a sporting event!
There is already a need for a state of emergency in order to oust the geriatric incompetents that are sinking the country...
ian
Of course they should.
ian
Doing all they can to prevent the Olympics being cancelled and preparing in case it is is sound policy.
ThonTaddeo
Return to 5% consumption tax, please.
And no tax on medical care!
Tom
I would love to see the salary scales of the bureaucrats that reach age sixty and the usual 50% drop for us common folk be put on them as well. Then I might have sympathy for them.
The country is aging. How can they expect people to buy things they do not need?
redelmotalking
Why would cancelling (or most likely postponing) this sporting event freeze consumption?Are people suddenly going to stop eating or something just because the olympics are not on? I think the average Japanese is sensible enough to understand reality, unlike their elites.
Strangerland
It starts at investment. Investors don't like to invest at times of uncertainty. Investment is what gets large amounts of money flowing, as investors put their money into new projects, or even existing projects. This investment turns into money for companies, when then use it to further their business - buying items and/or hiring employees. This gives businesses more confidence, which in turn gives employees more confidence. When both have confidence, they spend, and the economy rolls along.
When investors don't invest, less companies have money coming in, and they in turn are less likely to spend and/or hire. This goes for the employees as well. People worried about their jobs don't travel, don't buy, and save their money. This lack of spending is what slows the economy.
kurisupisu
What money do the 60% of part time workers have to invest in stocks?
They can’t make ends meet!
Strangerland
Where did you get the idea that the investors are made up of part-time workers?