Kishida unveils gist of new economic package as support for his government dwindles

unveils gist of new economic package as support for his government dwindles

New package that has five pillars

Easing the pain of inflation on households

Spurring more wage growth

Increasing investment

Addressing challenges posed by the nation's declining population

Securing the safety and security of the Japanese people.

While previous govt have three arrows

https://www.tofugu.com/japan/abenomics-3-arrows/

Wishful thinking and sound public policy are not the same.

The amount of profits many of the largest companies are making and just sitting on is obscene, and still this government will not force them to share the profits with their subsidiaries or sub-contractors. That would be one way to increase salaries if they were to threaten then with higher corporate taxes unless they do that. As for increasing the falling birth rate, help the elderly and pay for huge military expansion, good luck with that. Japan is already the most indebted country in the world, and I know it is almost 100% Japanese owed, but non-the-less, you just can't keep going further into debt.

3 arrows…

5 pillars…

blah blah… blah blah… blah

Rebalancing the country's finances and normalizing monetary policy would restore confidence in the yen which in turn would help with all the crazy inflation being imported. Accepting the reality of the fiscal and monetary situation is a first good step

Inflation good…

High prices bad….

I hope you are not fooled by these clowns.

Kishida strategy is to print more money to fight inflation.

later he will increase taxes...

he should suppress taxes at 100% as he can print fake money indefinitely.

Just spouting off buzz words with no details. Anyone can do that, he's only stating the obvious that he should have been working on from day one instead of jaunting around the world.

The bizzare dejavu political system in Japan on display - different faces every other year but the same party.. for SIXTY YEARS +

Who are there people who are 'unhappy' .. are they actually goldfish instead?

Kishida said the new economic package would include measures to ease the impact of rising prices on the people, to achieve sustainable wage increases and income growth.

Not a fortune teller but judging from past performance of "New Capitalism" there will be no cuts in regressive taxes on essential items, no direct stimulus to the public, and no substantial sanctions against Japan Inc.s hoarding of profits and intransigence on wage hikes.

Instead there will be subsidies to some corporate element of the LDP base.

Rinse and repeat.

Japan is a zombie ship. The bureaucrats should be given early retirement so that someone else can steer for a change.

Kishida said the new economic package would include measures to ease the impact of rising prices on the people, to achieve sustainable wage increases and income growth.

Who here really believes this BS?

3 arrows…

5 pillars…

blah blah… blah blah… blah

Yup. More Bovine manure. Kasumigaseki must smell worse than a cattle farm by now.

Japan is a zombie ship

Lead by the Walking Dead Party.

Let a situation get worse and worse-state some action to remedy it.

Smoke and mirrors.

These clowns just appear in the show, they don’t run it…

A whole lot of words, and nothing to show for it.

shut it kish, and just DO already. Or get out.

no mention of monetary policy change or agressive intervention in JPY plunge.

Nice job Kishida.

Well, they are going to majority vote for Kishida so what's the contention?

Anyone watch Close Up Gendai last night?

The lady working in a supermarket making sure she earns under 80,000 yen per month so that she doesn't have to pay social security and healthcare premiums. She wants to work more so that she can take home more money, but the current system won't allow her to do this. It's pathetic.

Japan is a G7 country in name only.

My bad, not Close Up Gendai (last night's episode was about mortgage rates).

I meant to say NHK News at 7pm.

I know a Japanese and a Chinese just starting their own businesses here.

The rules and regulations, the hoops to jump through are mind boggling.

Permission and licences, forms, waiting times, statements, checks.

All for basic retail business.

On the other of the coin is exporting.

No checks or balances.

That went well until Japan Inc jumped ship for SE Asia and China

What is left in Japan?

Empty shops,closed and shuttered, cobwebs in the windows.

Japan’s system is outmoded and outdated

The lazy,close minded and feckless LDP is anencumbrance to their own citizens and it’s a sad pitiful situation.

Kishida unveils gist of new economic package................Just talk, how about taxing the huge corporations who are price gouging and making obscene profits, but wait, he cannot do that, they are the ones who give him his orders. But lets not forget, this is happening worldwide, those huge corporations run the world in whatever country they are in. A brilliant instance of this is in South Samsung.......whoops! sorry, I meant South Korea.

Kishida also came under fire over his remarks about the appointment of the five women to the cabinet. He said he expected them to “fully demonstrate their sensitivity and empathy that are unique to women.”

The mind reels...

“Lions and tigers and bears, oh my,” Dorothy in Oz. “Arrow pillars and promises….oh, s#@t,” the average Japanese citizen.

Reading about Japanese politics is so depressing.

I can’t remember a time when the government and Prime Minister’s approval ratings were anything other than poor in Japan, yet the LDP get re-elected in every single general election.

Increased wages are for Japanese companies only I bet if you work for an American Silicon Valley company in Japan likely not happening or they need to prices down in food pre Ukrainian war

Japan, yet the LDP get re-elected in every single general election.

Sounds like the CCP

The lady working in a supermarket making sure she earns under 80,000 yen per month so that she doesn't have to pay social security and healthcare premiums. She wants to work more so that she can take home more money, but the current system won't allow her to do this. It's pathetic.

Kishida has come up with a convoluted scheme to prop up this stupid outdated system. I've got a better idea. Stop screwing people over and scrap the "annual income barrier" altogether.

I can’t remember a time when the government and Prime Minister’s approval ratings were anything other than poor in Japan, yet the LDP get re-elected in every single general election.

Very few vote, and the majority that do vote are the 50+ crowd. They vote for LDP when they are average or bad. The years they are worse than bad they just skip voting, but doesn't matter since the few that still do vote still vote LDP. This is basically a one party country.

Stop screwing people over and scrap the "annual income barrier" altogether.

Could be a good start.

Lots of foreigners here - I wonder how many of them are from countries that also have similar income barriers due to the design of the tax system?

Capitalism is growth at all costs, new capitalism is new growth at all costs. So we don't need three arrows that grow into five pillars. No, we need something like a new bubble economy, taking some money into hands, or even faster, helicopter money for everyone, so that it can grow into more innovative products that sell globally regardless of yen exchange rates and higher production or energy costs, because they are great, useful, necessary and wanted everywhere. Then one even can afford wages and tax raises and more optimistic young people and families with well educated children who then also invent great products if they're grown ups. But I guess, the continued slowing down, aging society, money only printed for a few who already have enough, as well the opposite of growing, namely de-industrialized economy due to some DX and woke GX influx from outside, that's the more preferred convenient path. Big words, but in reality only administering the downturn spiral until it's too late and irreversible, that's what I read around those five pillars. And when I hear already those nonsense discussions about yearly limits of 106 man yen or 130 man yen for the part time workers, I guess I have read it all very right.

helicopter money for everyone, so that it can grow into more innovative products that sell globally regardless of yen exchange rates and higher production or energy costs, because they are great, useful, necessary and wanted everywhere

I am not sure that helicopter money is what creates such innovative products?

Doesn’t it just create inflation and debt?

How about increasing the retirement pay, while you're at it?

I mean, there's quite an amount of older people who live from pension payment to pension payment!

But NO, Kishida will once again big companies and those who got it made already!

A politicians vow!! Promises are made to be broken!

Does he really believe this electronic board is going to change the weakening yen and rising costs across the board?