politics

Kono win in ruling party election likely to push Tokyo stocks higher

21 Comments
By Yuka Nakao

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21 Comments
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An argument could be made for any of them being good for the economy, and I happen to know that economist predict economic booms for all their favorite candidates.

You guys clearly have an agenda to be putting this out. Why does foreign-directed new media want Kono to win so bad?

-3 ( +4 / -7 )

Probably because he left Keio for Georgetown, so the market knows Kono has some decent education behind him.

0 ( +6 / -6 )

It seems like the media has already chosen its next PM. No other political party is getting this kind of air time. With these kind of puff pieces, the manipulated reporting of COVID infections in Japan, and all the free TV time on the taxpayers dime, it appears that the fix for PM is already.

The economy will not get better because of Kono just like the pandemic did not get better because of Kono.

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Since the "Abenomics" policy mix buoyed the market from late 2012 by featuring aggressive monetary easing, hefty fiscal spending and a growth strategy, foreign investors bought an accumulated total of 20 trillion yen ($182 billion) more in stocks at its peak, according to a calculation by the brokerage.

Stocks also rise when labor laws are relaxed, massive layoffs are announced, corporate taxes are cut, and a push to raise the minimum wage for the public sputters and fails. So economic good times right?

1 ( +4 / -3 )

Kyodo pushing the same single person

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Is this the guy that wants to give everyone 200,000yen?

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Nothing like manipulation of opinion by the business 'class'. Which, in Japan, is rather class-less.

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as her right-leaning policies were seen as difficult to attract broad support

What is “right” about wanting to blow away trillions of yen in public spending?

Isn’t it analogous to the trillions of dollars of spending being proposed by the left-leaning US government now?

This kind of left / right classification just doesn’t work.

Certainly she is very much a nationalistic type. I’d say that dimension is more of a turnoff to voters than anything.

After all, it seems they all want to spend more of our and our children’s money themselves.

-2 ( +1 / -3 )

Mr. Kono you have my full support.

I did not agree with your view on Nuclear energy, but then it happened and I quote:”Power companies rose after Kono broke from his long-held stance of opposing the use of nuclear energy, saying it is "realistic" to bring reactors that have been confirmed safe back online to achieve Japan's goal of carbon neutrality by 2050.

Thank you for that change. I'm glad common sense is strong in Mr. Kono.

-4 ( +1 / -5 )

Kono, as a reformist candidate is a ludicrous trope. He's an entrenched conservative reflecting atavistic social and economic policies & politics. The endorsement of 'the markets' speaks for the status quo who mean to profit from the selection of their favorite.

The most progressive candidate, who is progressive only in the context of her rivals, happens to be a woman aka Noda and her policies are seen as negative in terms of gains in the stock market and the investment wizards oppose her elevation to prime minister.

Interestingly, the Washington Post, the media organ of Jeff Bezos, endorsed the neo-nazi Takaichi, completely ignoring her atavistic politics and endorsing her purely because she is female.

As for Kono, the Georgetown phenom, insight into his elevation and consequent policies is foretold by the following statement: "Power companies rose after Kono broke from his long-held stance of opposing the use of nuclear energy, saying it is "realistic" to bring reactors that have been confirmed safe back online to achieve Japan's goal of carbon neutrality by 2050." Kono's purpose is to do the bidding of entrenched power and the status quo. Any so-called 'reform' will not be to the benefit of the citizenry - it will be to the profit of those entities to which he is beholden - as a child of privilege he will serve the class interests of the elite, which are basely conservative and reactionary.

"They don't hand you the keys to the kingdom, unless you are one of them." HST

-2 ( +3 / -5 )

ReasonandWisdomNippon

Mr. Kono you have my full support.

Not a Takaichi fan?

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naming her package as "Sanaenomics," pursuing easy-money policies and boosting investment 

Thomas Piketty has a great analysis ,(he includes Japanese examples)

that the merchant right has managed to co-opt a portion of the educated left by certain wedge progressive issues like gender representation. This ensures a consensus on the primacy of neoliberal economic policies.

The Post's endorsement of Takaichi, like with Clinton, could be an example of this

-1 ( +1 / -2 )

Although Takaichi has vowed the most reflationary policies among the four, naming her package as "Sanaenomics," pursuing easy-money policies and boosting investment in crisis management including defense capabilities, a win by her may not boost shares as much as a Kono victory, as her right-leaning policies were seen as difficult to attract broad support from the people, analysts said.

Basically, her plan is to just keep printing more money to keep the yen down and boost the companies profits while screwing the average working stiff. No different from her mentor. Abe 3.0 is what we'll see with Sanae and her nomics

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Kono is clearly the western favorite. Very dangerous.

-5 ( +1 / -6 )

Big deal! In the end, it's just "pass the gavel" to another dude with no real change to the country.

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I love how the left move the goalposts. They take a left-wing candidate, put up and EXTREME left-wing candidate like Noda, to make him look like a moderate, then smear all his opponents as right-wing, and have people complain about how he's not left-wing enough, and eveything's rigged for the right-wing.

This nonsense worked in the US. I hope the Japanese people are smarter.

-4 ( +1 / -5 )

Oh, and no shock that foreigners want Kono to win so bad. He was educated in the US. The same schools that push far-left "progressive" ideals, which are currently tearing the US apart, and why I left.

-4 ( +1 / -5 )

Big deal! In the end, it's just "pass the gavel" to another dude with no real change to the country.

And there it is. Leftists and foreigners wanting Japan to change and emulate for less successful and more chaotic countries/cultures, when Japan has become one of the best countries on the planet to live in. Now you want to change that.

-2 ( +1 / -3 )

He will be the 33rd prime minister since 1948, 73 years. Not a member of Nippon Kaigi. Speaks English.

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JayToday  07:19 am JST

Japan has become one of the best countries on the planet to live in.

How's that, exactly?

0 ( +0 / -0 )

How's that, exactly?

Uh, one of the lowest crime rates of any country, great education, good healthcare, solid economy, energy independence, solid immigration system, falling mental illness and suicide rates (while others go up), distinct and respected culture. Etc etc.

-1 ( +0 / -1 )

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