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© KYODOTax hike, global slowdown threaten Japan's economy in 2019
By Ryotaro Nakamaru TOKYO©2024 GPlusMedia Inc.
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© KYODO
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sakurasuki
This happens because population decline less because Abenomics
This is the real test for Abenomics.
oyatoi
If ever there was a time to delay jacking up the consumption tax rate, it’s now. The situation was much better those previous occasions when they put it on ice and we’re further away now than ever from it making any sense. Any Japanese intransigence over trade talks will be dealt with very harshly; the yen will recommence its drive towards 80 to the dollar, tourism will sink as people lose interest in coming to a place that they can no longer afford, and when the Nikkei goes sub 15K you’re talking about real pain. Those with yen cash reserves are salivating at the prospects of making some serious money with the strengthening exchange rate or picking up much cheaper stocks.
bearandrodent
The general population, without any meaningful pay increases, will of course tighten their purse strings even more after the tax increase. That’s common sense. Not that I’m for higher taxes, but the only party then that would have the base to pay more would have to be the corporations that have record earnings and not sharing some of it with their workers. Or you cut the bloated public sector workforce, which will never happen.
Goodlucktoyou
Fearmongering. We have Super Mario and Abenomics. What could go wrong?
ifd66
No, the Japanese Economy is threatening the Japanese Economy. It's beenartificially propped up by Abe's fiscal stimulus packages for years - and the lucky boost from tourism.
No genuine vision or innovation. Just same old custruction company based spending.
How about taking renewables seriously and trying to catch up other countries in this growing and future proof sector. More jobs, technological innovations, sustainable development ... win-win-win
kurisupisu
“The crowd politely laughed, as if he had told a joke that missed its mark.”
Of course they did!
They are in on the joke too.
Watching Abe paying lip service to the electorate would make anyone laugh....
SaikoPhysco
What.... when has a little old "Global Slowdown" ever really effected Japan... just drum up some more "Stimulus Packages", print a few Trillion Yen... and keep the wheels spinning nice and smooth. Exit strategy... later!