The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Thomson Reuters 2018.Japan contemplates post-Abe world, but rivals' positions still murky
By Linda Sieg TOKYO©2024 GPlusMedia Inc.
3 Comments
Login to comment
fxgai
That's OK, Abe hasn't offered details of his "strong economy" platform either, he's just talked about it for 5 years.
Ah, this is what the author means by no details. Yes, easy to talk about reining the debt in, but how you are actually going to do it is important.
You start by cutting overall public expenditures by 5% each year, and keep doing that every year until tax revenues exceed expenditures. This can be done by cutting those expenditures which are of lowest priority, or going for cost-efficiency. Yes, this means that each ministry will have to decide which 95% of its budget to keep and which 5% to scrap, and how to go about doing that. Each year. "Prioritization" and "value-for-money" should become the buzzwords in Kasumigaseki.
As a corrolary, if the public has such an appetite for it, cut consumption and income tax rates as well, in exchange for continuing annual 5% cuts to public expenditure to compensate for lower tax revenues.
Rebalancing spending, but not cutting it... no good.
Kishida sounds like the best of the useless bunch of hopefuls.
Aly Rustom
another nippon kaigi twit.
Sounds like the best of the bunch to me.
Because the japanese politicians need to be old as dirt to qualify. what a country.
Who cares what this Twit Jesper Knoll says?? Why do they keep dragging his useless opinions out? This guy is a lapdog for Abe, and his lectures are a joke. Enough already. Nothing that comes out of this guy's mouth is worth listening to.
And yes Japan is ready for a Macron- or a Trudeau. They need someone young to finally steer Japan in the correct direction. Take a look at the dinosaurs. What exactly have they accomplished?
shashank
Japan will get a LDP man after a LDP man
Nothing surprising