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Kishida must turn to Abenomics to satisfy financial markets: Abe

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I guess Kishida should also turn to falsifying economic figures like the Abe regime did to pretend to have success!

Move on, Shinzo. You are yesterdays man.

46 ( +55 / -9 )

What a loser.

I wonder if he mentioned on the show how much it cost the country to produce,store and destroy his useless masks because I am sure the media wouldn't have dared to ask him such off topic,yet important,questions,lol.

38 ( +43 / -5 )

A total failure of a PM. Go away.

27 ( +31 / -4 )

Look at the photo. The former PM isn’t wearing his Abenomask.

27 ( +30 / -3 )

Abe feeling bold because he got a nonmicro mask?

18 ( +22 / -4 )

As a politician, he has all rights to state his opinions. It's just those media still swarming Abe said this and that

-15 ( +7 / -22 )

Yes!

-23 ( +2 / -25 )

Abe and all his staff should be seen at all times in nothing but the Abenomasks he bought with our taxes. One a day each until they are all used up.

Other than that, I suppose he can say what ever he wants, but it's obvious he only serves his own interests; not the interests of the people he 'serves'.

14 ( +17 / -3 )

Maybe Kishida shouldn't have filled up his cabinet with Abe loyalists

16 ( +18 / -2 )

Bad pennies always turn up again. One of several I’d foolishly hoped we’d seen the last of this year.

11 ( +14 / -3 )

We're caught in a time warp. "Rejuvenating the Japanese economy" has been blah, blah, blah, talked about, written about, for 30 years.

18 ( +20 / -2 )

Don't forget to continue to direct some of the economy on defeating the virus . . ..

2 ( +4 / -2 )

P. SmithToday  05:33 pm JST

kennyGToday  05:18 pm JST

As a politician, he has all rights to state his opinions. It's just those media still swarming Abe said this and that

As a Japanese citizen in Japan, Abe has the right to state his opinions. It hasn’t nothing to do with him being a politician.

For the very first, and guess the last, I agree with you, except those swarming media and people here infected with Abe-no-complex wouldn't focus on just a citizen

-2 ( +3 / -5 )

Yeah, because it worked for nation so well before. But we know Kishida licks Abe's boots, so he'll do whatever master says.

7 ( +12 / -5 )

Hey, he has a huge stock portfolio to look after.

8 ( +9 / -1 )

Drop your Abe-Oh No! -complex

-10 ( +1 / -11 )

But, but, but, Abenomics was a huge failure and did result in any growth. The only ones who were advantaged by abenomics policies were the large corporations at the expense of the other 90% of the workforce.

10 ( +11 / -1 )

OMG! Please shut up! Your policies only enriched the wealthy and financial markets, with our tax money. Look how much is still going to companies while they are too stingy to directly support families. Remember we deserve some of that cash too as we will be the ones who will have to pay back all the extra budgets to come up with

9 ( +11 / -2 )

Abe, you’ve had your chance. Please take a seat.

5 ( +9 / -4 )

commit to the so-called Abenomics policy mix … to satisfy wishes of financial markets.

Huh? Abe himself never did his own “third arrow” reforms, which were the part that many including myself thought was the important bit.

So despite that and his “buy my Abenomics” speech to Wall Street, when Abe later started spraying money around helicopter drop socialism style, I dumped my Japanese investments and put the money into the Obama economy instead.

Abe said on a TV program that financial markets are not looking for a fundamental change in economic strategy from the government

Actually, I am. I am not the markets, but I am one participant and there are many more like me for sure.

they want a continuation of the big-spending

That is absolutely not what I want.

growth-seeking program

Yes but we want private sector led, organic growth, not public spending binges that fizzle out and result in nothing but accumulated debt.

"Markets could react negatively if they take (the new capitalism policy) as being socialist,"

It is socialist, and so was what Abe did with his big spending binges with everyone else’s money. That’s socialist, not capitalist.

2 ( +6 / -4 )

Your legacy will forever be your masks, so please sit down and be quiet. If you want to talk, shall we discuss Moritomo and the Akagi files?

4 ( +7 / -3 )

Abe .....please go away !!!!

4 ( +8 / -4 )

"Markets could react negatively if they take (the new capitalism policy) as being socialist,"

Markets won't perceive it is "socialist", but politicians who are clinging to relevance (e.g., Abe) will do their pirouettes for the news media to make "socialism" a threat. As fxgai pointed out, one might already consider certain elements of old-guard standard LDPnomics/new-wave Koizuminomics/ nonsensical Abenomics to be "socialist". These terms are largely irrelevant to economists and markets.

1 ( +3 / -2 )

What was so unbelievably successful about Abenomics that it should be continued?

Im failing to see it. Growth was never great. Did it ever peak above 3%? I think it rarely managed 2%

Also very hard to have a growing economy when your a developed country and your birth rates are sinking alarmingly and your largely allergic to immigration.

Arguably South Korea does a better job at driving growth and is contending with much the same issues as Japan. They seem more interested in innovation than the markets though....

Like Japan use to be.

0 ( +6 / -6 )

Go and pick up your masks and keep your comments to yourself. Abenomics was a failure, why go backwards?

5 ( +8 / -3 )

Abe is no longer Prime Minister.

7 ( +7 / -0 )

Re-electing this party for more than 70 years only reflects on the country not its politicians…

4 ( +7 / -3 )

Abe. Since when did he arise from the dead? Abenomics is a failed economic policy, modelled on so-called Reaganomics. Dubbed by Bush as Voodoo Economics. The author of Reaganomics, David Stockman, trashed it as a failed policy and fraudulent. Its pale shadow, Abenomics is an abject failure, as if it was an actual policy to begin with, which it was not. It was another means to enrich his cronies and those corporate interests who actually control those who govern over us.

It's amusing when folks toss the word 'socialism' about, as if it has any meaning or is indicative of any valid form of economics or financial planning. Let alone that there is even a slight vestige of its employ, as ill-defined as it is. A laughable assertion with no inkling of possibility.

So. A failed politician, who resigned to avoid possible scandal, citing, as with his first resignation, health concerns - now emerges as some avatar of reactionary, right-wing politics with its failed economics, as the right path. Completely ignoring the fact that Suga, who was supposed to simply keep the throne warm for the actual successor and then seized the moment, was inept, extremely unpopular, and a fool on a fool's errand, which was to continue the rather questionable legacy of Abe. Suga, during his political career was essentially a hatchet man for Abe. Why would Kishida follow the ineffectual policies of his predecessors? Simple, he will fabricate his own version that comports with the will of the ruling class and its minions. Whatever he does will be cosmetic.

3 ( +9 / -6 )

Hn? Has the trickle-down finally started?

...(sigh) It was just a little bit of rain...

Abe, as for you, now just crawl back under your stone.

Frankly, even the netto uyoku gave up on him already a few years ago while he was still PM (these days they're leeching onto Takaichi instead). The only ones which are still clinging onto Abe are those wacko publications (e.g. Will, Hanada--think Breitbart or Infowars in paper-format). Everybody else moved on.

-2 ( +3 / -5 )

Nope, Abe, return to your bed!

-3 ( +5 / -8 )

What was so unbelievably successful about Abenomics that it should be continued?

You must not be one of the rich families that own stocks.

6 ( +7 / -1 )

As a warning it’s ok, but not as an order. A short look at the now almost rectangular Pareto distribution graph, and he should know that this unbalance is turning out even worse for the financial markets.

-1 ( +1 / -2 )

Abenomics is a failed economic policy, modelled on so-called Reaganomics.

…. Huh?

From Wikipedia: The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.

Abe didn’t reduce the growth of government spending, indeed the second arrow was all about increasing it.

Abe didn’t cut my income tax, nor my capital gains taxes that I can recall?

He talked about a third arrow of reforms, but which government regulations did he actually reduce?

And on the last point he didn’t tighten the money supply, but appointed Kuroda to loosen it like crazy.

So, Abenomics is virtually the opposite of Reaganomics.

Japan should try the opposite of Abenomics, not more big government socialism, so well symbolized by the central planning disaster that was Abenomasks paid for with taxpayer funds.

Free market capitalism doesn’t involve government spending money on corporate buddies either, which is a point where many seem thoroughly confused.

1 ( +2 / -1 )

Abe please go away, you failed last time and blamed someone else

3 ( +5 / -2 )

"Markets could react negatively if they take (the new capitalism policy) as being socialist," Abe said during the TV program. "We shouldn't be viewed as moving our focus from growth."

Abe: My Abenomics policies have been such a boon to the Japanese people as you can see by the rising tide that lifts all boats; it would be awful to move in the opposite direction, which I call socialist. We wouldn't want to spook the markets would we?

No excuse me while I relieve myself again.

1 ( +2 / -1 )

Abe thinks he's still the PM.

-1 ( +1 / -2 )

No more Abe of anything, Abenomask, Abenomix, Abe maria, I feel nausea of living many years of his pop ups.

1 ( +3 / -2 )

Abe's still at large? Lock him up!

1 ( +3 / -2 )

Abe: Hey Kishida-chan, while you’re at it, throw another Olympic into the stimulus mix! Great for the economy!

0 ( +2 / -2 )

Kishida must turn to Abenomics to satisfy financial markets: Abe

LOL! We are finishing the year off with jokes!

Is Abenomics code for scandals or misleading the public?

3 ( +5 / -2 )

P. SmithDec. 26  05:33 pm JST

kennyGToday  05:18 pm JST

As a politician, he has all rights to state his opinions. It's just those media still swarming Abe said this and that

As a Japanese citizen in Japan, Abe has the right to state his opinions. It hasn’t nothing to do with him being a politician.

ummm, if I’m not wrong he’s the head of the LDP lol. This happened back in November. If that’s not a politician, I’m not sure what is. As such all politicians have opinions, just not very good ones and usually self serving.

https://www.japantimes.co.jp/news/2021/11/11/national/politics-diplomacy/abe-heads-largest-ldp-faction/

-2 ( +0 / -2 )

He must be joking.

1 ( +3 / -2 )

Under Abe the virus was allowed to enter and the Ministry of Health was glacial and disorganized- Abe’s lack of direction.

Abe has so many failures on his watch

0 ( +3 / -3 )

What else is he going to say? accept that his approach was a huge failure to the country? of course not.

-2 ( +1 / -3 )

Abenomics wasn't perfect, but it did lift living standards (GDP per capita PPP) and improved the investment climate, with the Nikkei nearly tripling during his tenure while corporate profits hit all-time highs.

The most serious drag during these years was the hike in the consumption tax, which was based on political pressure from various quarters and NOT part of Abenomics. The perennial problem were and are low wages, which are overwhelming decided by private-sector employers, not the prime minister.

People have short memories.

0 ( +3 / -3 )

If Kishida was really under Abe's thumb there would have been no need for Abe to give his economic instructions publically. Same with Abe's continual public meddling in foreign policy.

Kishida has just said he wants to be the first PM to attend the NPT meeting. Abe must be foaming at the mouth. Can't wait for his next outburst.

Flicker of hope?

2 ( +2 / -0 )

Hmmm. Did Marx and Engels really dedicate their lives to 'expanding the ... middle class'?

Abenomics pushed for higher wages and reform, neither of which was forthcoming. Kishida has already pushed for both as well, so he is already pursuing the same strategy to some extent, but replacing trickledown (which never works) with more direct interventions - shorter days and free cash. He can now shut businesses down as well, courtesy of Covid, so he has more leverage.

This is presumably largest faction leader Abe tugging on the lead and expecting a compliant response. So, internal LDP bunfight or not? We shall see.

1 ( +2 / -1 )

Abe's lost his mind

0 ( +2 / -2 )

Kyo wa heiwa dayo neToday  07:46 am JST

Abe's lost his mind

That would imply that he had one to start with. Sadly, his influence will remain with in Japans political arena for years if not decades. The %1 that benefited from his policies will downvote this.

0 ( +2 / -2 )

The perennial problem were and are low wages, which are overwhelming decided by private-sector employers, not the prime minister.

Private sector employers do have to operate within the framework of regulations maintained by politicians.

If economic outcomes aren’t what is desired, that is strong suggestion that the regulatory framework should be changed to create the type of incentives that would lead to those outcomes. That was what the third arrow regulatory reforms were supposed to be.

-1 ( +1 / -2 )

Yeah, Kishida, you need to manipulate the GDP data to make the economy look like it's doing well like Abe did. Get with the program.

0 ( +2 / -2 )

Abe is the head of the leading faction of the LDP, so he'll always have influence in Japan's political circles despite how Kishida tries to run the government.

My 2 cents.

0 ( +0 / -0 )

I had an idea about 15 years ago, which nobody could properly define, and which I failed - twice - to put into practice, despite being the longest-serving post-war prime minister.

It failed twice.

So you had better keep doing it.

What a buffoon.

0 ( +2 / -2 )

kennyGDec. 26  05:18 pm JST

It's just those media still swarming Abe said this and that

If Abe didn't want what he said reported I doubt he would have said it on a TV programme.

1 ( +3 / -2 )

"take a seat, young Abe-walker"

-1 ( +1 / -2 )

@fxgai

Private sector employers do have to operate within the framework of regulations maintained by politicians.

Those regulations don't tell employers to suppress workers wages. Indeed, politicians have been making repeated calls on companies to raise salaries. The companies resist.

-1 ( +1 / -2 )

Those regulations don't tell employers to suppress workers wages.

One needs to ask rather, under what conditions employers would have the incentive to raise wages in a sustainable fashion, and then change the regulations that inhibit those incentives and outcomes.

It is not as if Japan’s peers haven’t provided ample evidence of what works and what doesn’t.

Indeed, politicians have been making repeated calls on companies to raise salaries.

And kids request certain toys from Santa Claus. What’s your point with that?

-1 ( +0 / -1 )

what conditions employers would have the incentive to raise wages in a sustainable fashion

How about a dire labor shortage? What actually happened is that many companies went crying to the government to issue special work and "intern" visas so that young people in the third world could come to Japan and work for third-world wages.

1 ( +3 / -2 )

Abe and his ilk believe people, communities, and the environment must be subservient to the profit demands of the market. Reject this sociopath.

1 ( +2 / -1 )

many companies went crying to the government to issue special work and "intern" visas 

The government was an innocent bystander?

What does govern mean in your dictionary?

0 ( +1 / -1 )

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