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© KYODOJapan to review fiscal health goal with calls for more public spending
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© KYODO
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Kyo wa heiwa dayo ne
Quick quick go spend all your hard earned money that's not worth much , because Japan needs more weapons
fxgai
100%
1%.
Japan has been running 40 trillion yen deficits annually and racking up more than a quadrillion yen in the process. The annual defense budget was 5 trillion or so… so where do you suppose the rest of the budget was being blown on?
No pre-conceived answers please folks - the pie chart of how Japan blows money each year is available and one can see where the money is supposedly going.
The Japanese politicians have to have the country live within its means, sooner or later.
fxgai
There will quite possibly be a 5-10 year period in there where things really suck, but the kids can go overseas for a time and return after the reset happens.
Japan does get stale sometimes, but when it reforms, it can really turn things around. Meiji era, post WWII, being the previous examples. But the current situation is stale… if I were a youngster I don’t think I’d be coming to Japan right now.
Kyo wa heiwa dayo ne
Japan isn't a major developed country !
Japan is developing or underdeveloped !
If a government has to force the public to spend more by raising prices for everything then it's not good.
Too much on military spending and not enough support for the public.
kurisupisu
Just what are the politicians doing?
It seems that they do very little except talk.
My son at university here wants to leave Japan as soon as he graduates.He works part time and has already seen the black economy and shifty work practices that have influenced him to do so.
Eastman
new words but song remained same old/proverb from my country/
Meiyouwenti
Shinzo Abe is the culprit who raised the consumption tax from 8 percent to the current 10 percent. He just did a nice turnaround.
kurisupisu
The Japanese government can’t be proud to see the people of Japan become basically worse off as taxes rise,can they?
fxgai
Typo - should be 3026.
JeffLee
Why? What would that achieve, exactly, apart from raising recession risk?
If it's spending they're concerned about, they can cut the ever-expanding police and military budgets. I'm just kidding. They won't do that.
Cricky
The government also expects record tax revenue in the current fiscal year thanks to higher corporate tax income in the wake of the recovery of the pandemic-hit economy.
‘But the government have been giving tax payer money to large corporate companies? Of course the 50% tax on fuel has helped. So it’s a give it take it scenario. With a little off the top for old men.
dagon
The government raised consumption tax to 10 percent from 8 percent in 2019 to help attain the target.
Regressive taxes that hit the working poor the hardest, to pay off decades of wasteful spending on pork projects like the Olympics.
Maybe time for another raise as the government is subsiding oil wholesalers. And handing out money to the Ukraine.
And don't forget the return of GoTo to rev up the summer travel season!
Skeptical
Almost straight from the party's playbook from the 1970s, and the first oil crisis that hit Japan. The more things change, the more they stay the same.
Cricky
Well it’s not like they have postponed fiscal responsibility continuously in at least the last 20 years. 30? Since the 80s?