politics

Noda plans new economic stimulus by end of November

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When is he out of office. Put Ozawa in control.

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Structural key economic problems of Japan are:

Too strong Yen for too long, pressured from the USA since Plaza Accord. Solution: BOJ ease dramatically & out-of-the box ways, while MOF intervened like Swiss National Bank. Big Japanese firms are too insular culturally and socially. Solution: A true international approach taken to work culture and order and usage of English, the global language. Weak and aging demograhics. Solution: Import a lot more labor and talents.

Solution is not more govt spending as debts are already at 200% of GDP.

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I agree with mr_jgb's 1 and 3 but with regard to 2, if if you take Japanese culture away from Japan, what does it have? A small island with no resources, and little aptitude for behaving like "Internationals" (read anglos) . I think that they have internationalised too much. They should do a bit more cultural expansionism, through JICA and the like, and sell Japanese language and the Japanese way of doing business among Asian friends, which they should make more of. Mr. Jgb's "true international approach" means "true anglo approach."

But finally, the Mr. Jgb's final statement is right on the money.

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This hasn't worked for years now. and at present all the other major economies are doing the same. will just increase deficit further. silly.

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Yeah..more pork barrel politics and white elephant projects for the cronies coming to a location near you! Noda - don,t forget to cut the bureaucracy wasteful spending and the useless Diet members while you are at it to keep the fiscal balance at least a little bit under control, will you? You remember those little promises that got DPJ elected right?...right? Aah, who am I kidding ...

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mr_jgb, while I share most of your oppinions I dont think that japanese society is considering to implement the 2nd and the 3rd option. Japan has its own stablished rules and customs, and also what could be called as "national pride" which basically dont allow those changes to happen, at least in the short run.

The only way to make that happen is through a change in education and the traditional japanese mentallity, and both of those ways take time and probably wont be accepted by a big part of the population. Not to mention that few politicians are willing to step in and make radical changes "the foreign way".

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and sell Japanese language and the Japanese way of doing business among Asian friends,

timtak -- huh? What are they going to teach? How to basically bankrupt a thriving electronics industry in less than a decade because they were too slow to change? Or how about a corporate governance course taught by ex-Olympus execs? And, with the exploding growth in China, India, Vietnam, etc, why would anyone want to learn a language restricted to a single, aging, shrinking country?

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timtak:

I agree with mr_jgb's 1 and 3 but with regard to 2, if if you take Japanese culture away from Japan, what does it have? A small island with no resources, and little aptitude for behaving like "Internationals" (read anglos) . I think that they have internationalised too much. They should do a bit more cultural expansionism, through JICA and the like, and sell Japanese language and the Japanese way of doing business among Asian friends, which they should make more of. Mr. Jgb's "true international approach" means "true anglo approach."

Don't think going by the global way of doing business incl enhanced command and usage of the English language contradicts with cultural expansionism. Rather, it may be critical for both directions to be simultaneously pursued, in that the lack of such efforts may have played a fundamental role in Japan's inability to accurately analyze thereby effectively sustain the dominant edge they once had.

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"The steps are expected to include measures to curb deflation, ease strength in the yen, expand earthquake reconstruction work and relax regulations on businesses, the news agency reported."

Enough really new especially when he was talking about these measures NOW hoping to secure a few more votes. Indeed, what disturbs one most is earthquake reconstruction... The hopeless mass up in Tohoku have been waiting since > 18 months !

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