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LDP calls for 'policy mix' of monetary and fiscal stimulus

5 Comments

Japan must maintain an appropriate"policy mix" by adopting strong fiscal spending to go with the Bank of Japan's powerful monetary easing to protect the economy and jobs from the coronavirus fallout, the ruling Liberal Democratic Party said Wednesday.

The proposals, issued by the party's key policy council, provide the basis for stimulus measures to be funded by a second supplementary budget draft to be compiled on May 27.

The council made no mention of the size of the second extra budget although several lawmakers called for 100 trillion yen($929.28 billion) worth of measures.

© Thomson Reuters 2020.

©2020 GPlusMedia Inc.

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In other words, print more money and give to connected big companies

5 ( +5 / -0 )

Whats that definition of insanity again?

3 ( +3 / -0 )

Btw...as a side question..what happened to the promise to cut politicians salary to show solidarity with people suffering income drops from covid19 resttrictions....the talk seems to have gone awefully quiet on that.

0 ( +0 / -0 )

The "mix" has already been in place. A lavish mix of quantitative easing (UBI for bankers) and bailouts for Japan Inc and the meager one time assistance to workers already suffering for months that may come some time this summer.

About parallel with the States, though they have been faster in getting the one time stimulus into people's hands. An economist estimated that if the 4 trillion in bailout money was equally distributed to American households each would get approximately $33,000.

0 ( +0 / -0 )

100000 yen for two months of missed work?

Call a little louder, will ya?!?

0 ( +0 / -0 )

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