The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODOWill fiscal consolidation be a priority for ruling party's new leader?
By Keita Nakamura TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
11 Comments
Login to comment
Nadrew
Neoliberal policies are a failure. Japan is looking increasingly bleak.
sakurasuki
From what happened in the past usually will make something that looks appeal to public, whether is really work or not that can be another debate
https://www.reuters.com/article/us-japan-economy-abenomics-analysis-idUSKBN25O0TT
fxgai
And also makes expensive new houses and cars for the rich 10% cheaper…
venze
Will fiscal consolidation be a priority for ruling party's new leader?
Not really, that needs not be the main priority. Nation's security measures and independent foreign policies are equally important.
Anyway, whoever takes over would have to follow LDP's wills and wishes..
fxgai
It’s LDP nonsense. They originally had a goal for this back by 2010 from memory, but so out of control is their spending that they can’t even achieve the goal after the better part of 2 decades.
Spending needs to be well and truly reformed and the economy needs to be deregulated to make it flexible rather than rigid, that’s where sustainable growth could come from as the population shrinks.
Sorry how is that different from big government socialism?
So were those reforms deregulation or just rearranging deck chairs? And did Kishida vote for it at the time?
More talk of special carveouts :(
It’s some free market capitalism that Japan needs.
fxgai
These big government spending programs are your fathers’ “neoliberalism”? They aren’t mine.
Big government spending purportedly to get the economy going (after failing for two odd decades) is the precise opposite of what I think of as that.
One of the distinctive features of actual neoliberalism (in my understanding) is that it abolished privilege. Government’s role is not to be a player in the game.
Government spending programs invariably create privilege.
Abolishing privilege invariably makes the special interest groups unhappy - but if reforms are package together so that everyone loses their privilege at the same time as others - and therefore no longer has to bear the costs of the privilege of others as part of the package - that is seen as fair and everyone owns their chance to get ahead through their own efforts.
I see little whatsoever of the sort here in Japan.