politics

Wage data errors seriously undermine trust in gov't indicators: poll

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... Do you mean Bill to accept more foreign slaves?...

3 ( +3 / -0 )

...43.4 percent? It sounds like a large minority of the population will believe anything they're told by the govt.

6 ( +6 / -0 )

Japanese government's economic indicators in the wake of a recent revelation that years of faulty wage data have been released,

Which countries again that publish faulty economic indicators data in Europe? Oh yes, Greece.

See what happened to Greece after that.

2 ( +3 / -1 )

The data issue has led to some unemployment benefits and workers compensation going unpaid, it was reported.

Some? Right, something like potentially 20 million people and the writer chooses to say some?

7 ( +7 / -0 )

Systemic data falsifying across all government departments to make the LDP appear to be doing a good job. It's all about the wa.

4 ( +4 / -0 )

Nearly 80 percent of people have lost trust in the Japanese government's economic indicators

That would mean that they actually had trust to lose.

This not just Japan (or Greece).

Governments all around the world cook the books, especially around election time.

1 ( +1 / -0 )

I'm guessing that they were trying to save money by underestimating everything.

2 ( +2 / -0 )

Ironically, this casts doubt on the government's approval ratings themselves.

4 ( +4 / -0 )

..scribbles on the back of an envelope ...1,041 people in the survey div 126.8 million people is...0.00001%. I'm guessing that's the same percentage of the population who wear tinfoil hats to jam the alien mind control rays.

1 ( +1 / -0 )

See what happened to Greece after that.

Sorry, but while data here is typically played with by the government there is no comparison to Greece.

Greece owed money to numerous other countries who bought their bonds, no comparison here, as the BOJ uses the money that is stashed away in banks, literally trillions, and since the banks pay no interest, its pretty much free money to them.

4 ( +4 / -0 )

TIJ. No surprises here. And what will the result be? A shrug and a shouganai before the government continues on as is. Oh... there might be a slight bow and a promise to fix the situation that's been going on for 15 years, but it will be as fixed as it was last year when they promised the same thing after fudging the numbers on the number of people with disabilities employed, and every other major scandal (I think about 15 or more?), corporate or otherwise.

3 ( +3 / -0 )

…..OK...over the last 15yrs you say...………ok...……..still don't believe YOU!

Imagine how much it is if you go back 30yrs or more...…….just sayin

2 ( +2 / -0 )

Abe to Suga - how do we get out of this ? Suga : its regretable but a couple of brown envelopes here and there and we gonna cook up some more Korea & China news. Give it 2-3 days and the people's amnesia is back around next election.

2 ( +2 / -0 )

Greece owed money to numerous other countries who bought their bonds, no comparison here, as the BOJ uses the money that is stashed away in banks, literally trillions, and since the banks pay no interest, its pretty much free money to them.

Japan has debt it is huge debt, but most of their creditor is Japanese, unlike Greece. So they won’t get default anytime soon. Having faulty data would not help improve economy either.

Unfortunately for Japanese, foreign investors still have better view on Japan economy despite their faulty data.

Has Abenomics Succeeded in Raising Japan's Inward Foreign Direct Investment?

“… finds no evidence that Japan's inward FDI stock increased more than the trend before Abenomics started would have predicted...”

1 ( +1 / -0 )

The survey showed 78.8 percent of respondents do not trust official indicators after the government said Friday it had failed to pay over 50 billion yen ($460 million) in benefits to nearly 20 million people due to the labor ministry's publishing of faulty jobs data for the past 15 years.

shouldn't somebody go to jail for that???

1 ( +1 / -0 )

15 years ???, wow, U are right, somebodies should go to jail. Oh no, Japanese of this kind have a better method, just bow yr head and say, moshiwake gozaimasen, ' very sorry, we have no words to explain ourselves in Japanese and all will be forgiven. We as foreingers have learnt a very good example. Try this Japanese way. It works as U all have seen. Japanese life is a joke in my eyes. Poor good Japanese. Ooops . moshiwakegozaimasen. I am bowing my head 90 degrees.

0 ( +0 / -0 )

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