doraemonchan comments

Posted in: The ruling Liberal Democratic Party and its coalition Komeito Paty are locked in a debate over applying a reduced sales tax rate for fresh foods when the tax rate rises to 10% in April 2017. Komeito w See in context

Food is consumed both by the rich and the poor. You don't need to exclude food for those who can afford not to care. Keep the C efficiency high and give handouts to the poor.

-2 ( +0 / -2 )

Posted in: After 5 years of negotiations, TPP talks near deal See in context

There time is nearly up.

Yes, and J taxpayer have to foot the bill for their social security. Change their job? No, they are too old to get trained again.

0 ( +0 / -0 )

Posted in: Abe meets Putin to discuss territorial dispute See in context

Those little islands, North Korea and now China are the main excuse to maintain huge military budget (or a tribute to US to recycle Japan's consistent automobile dollar) and without the islands both countries have to annouce something else like Chechnya, Georgia or Ukraine, which would make both countries extra awkward. So the status quo is in everyone's interest?

0 ( +0 / -0 )

Posted in: Russia begins airstrikes in Syria See in context

I'm sure while Russia anihilates everyone and everything regardless except Al-Asaad, it will kick out Ukrainians completely out of the eastern Ukraine. Mysteriously this time, Europe and the US suddenly realize intricacies in the matter and stay quiet as nothing has ever happened.

-1 ( +0 / -1 )

Posted in: Nikkei soars 7.71% in biggest one-day jump since 2008 financial crisis See in context

Where is the apocalyptic Chinese hard landing doomsday whatever pushing the entire world to hell we were talking about only weeks ago?

2 ( +2 / -0 )

Posted in: Abe unlikely to tackle hard reforms in next term: economists See in context

Abenomics was always an illusion built on two cornerstones: a weak yen policy and an easy money policy. Both policies have reached their limits.

Yes, yen is weak but if Japan had started an expansionary policy along with other countries after the Great Recession, there would have been no weak yen (and no strong yen before abenomics). Yen is weak, anyway, because dollar is strong against practically all currencies. An easy money policy, yes, but every central bank is struggling as no one wants to borrow as much at this high real (not nominal) rate. That's the zero lower bound issue. If you find it not enough, then flooding more with easy money is the morally wrong but economically right answer on the monetary side. On the structural issues, pushing women into the labor market would be the single most important factor and he should build more nurseries and change gender skewed tax system.

2 ( +2 / -0 )

Posted in: Five types of foreigner you’ll meet in Japan See in context

This article forgot about the majority of foreigners: Chinese, Koreans and Filipinos but then gaijin never includes them as opposed to gaikokujin.

2 ( +2 / -0 )

Posted in: Japan urges China not to focus on 'unfortunate history' See in context

What's the point of making the war sound more lyrical. Killing this millions is as immoral as that millions and what's the difference between chemical experimentalism and making people starve if they die anyway. You call it defense or aggression, either way the outcome is the same.

1 ( +1 / -0 )

Posted in: China sells Tojo ice cream on war end anniversary See in context

“10,000 people together eat the Japanese war criminal.” and let imperialist stimulus run through your blood!

-2 ( +1 / -3 )

Posted in: Support for Abe See in context

If "responsibility in the international community" matters, why not accept more refugees for a start instead of military shopping?

3 ( +3 / -0 )

Posted in: New law requires companies to set goals in hiring female execs See in context

shallots, I may sound conservative but I still think it's in the direction. The equal employment opportunity act made 25 years ago was largely symbolic but there has been an undeniable change during this period although it's fair to say Japan is too slow compared to other countries. Corporations may water down the intention of the law themselves but talented people eventually stay away from them as long as there are ones, including foreign companies, that take HR issues seriously.

0 ( +0 / -0 )

Posted in: New law requires companies to set goals in hiring female execs See in context

shallots, I agree with your observation in general, so your take is no target is better than meaningless target?

0 ( +1 / -1 )

Posted in: New law requires companies to set goals in hiring female execs See in context

What's wrong with setting target, really? The policy took the lower end of international range so it's naturally attainable figure in other countries. No enforcement? When the entire society tells women to stay low and the talent pool is limited, enforcement now is not practical. The mindset and skewed tax system needs to be changed, the supporting social infrastructure needs to updated and training and experience takes time to form a large talent pool.

2 ( +2 / -0 )

Posted in: Japan inflation flat; household spending slips See in context

The real economy is not like a market. It takes time, especially if it's infrastructure as opposed to cutting withholding tax on wages, to feed into the entire economy. Nominal wage increases when labor market is tight and it's not tight enough yet although in some segments increase is already visible. A few years ago, no one was really sure about anything but now we have a clear case of U.S. and Europe. The previous policy didn't work well because the monetary and fiscal policy were not coordinated, in fact, sometimes contradictory to each other and the scale of the monetary policy was not adequate, a lesson U.S. took to apply after 2008.

-1 ( +0 / -1 )

Posted in: Trump dumps insults on questioners; insists on control See in context

I love this show. Maybe Simon Cowell can make things even more dramatic. All the tea parties members now look very restraint and moderate.

1 ( +1 / -0 )

Posted in: Cabinet OKs revised 2020 Olympic stadium plans See in context

convey Japan’s exquisite tradition and culture to the rest of the world with zen simplicity, not with extravagance.

0 ( +0 / -0 )

Posted in: University students stage hunger strike over security bills See in context

Arab spring started with one fruit vendor burning himself in protest. Why be cynical if you support the cause...

5 ( +6 / -1 )

Posted in: Senior LDP official calls for fiscal spending amid stocks rout See in context

fxgai, you are right about nominal growth.

Still, deflation is bad for debtors (Japan) and nominal wages and prices have to be adjusted sometimes. Inflating debt away is an age-old trick of economic management and that is the discernible benefit.

0 ( +0 / -0 )

Posted in: Japan inflation flat; household spending slips See in context

That the labor market is tight is meaningless unless it includes the discouraged, in particular, women. When they finally appear in the statistics, then, the statistics will have some meaning and inflation start.Everything else, including oil price fluctuation, is not important here to decide a long term trajectory.

1 ( +2 / -1 )

Posted in: China turmoil needn't rattle BOJ, yen rise not a worry: Abe adviser See in context

Releasing cash in corporations through taxing, capital spending, dividend or whatever, is more effective to stimulate the economy and collect tax revenue than raising consumption tax flat, which is obviously regressive. Making interest undeductible may be a good start in Japan as interest rate is almost zero anyway and property market needs to be tamed.

-1 ( +0 / -1 )

Posted in: Senior LDP official calls for fiscal spending amid stocks rout See in context

Japan is so deep in debt and fiscal responsibility is urgently needed. That's the line you've been hearing from intelligent and serious people for some decades and the government bonds has been....ever higher for decades.

-1 ( +0 / -1 )

Posted in: Turbulent markets See in context

China can massively confuse the world for another two weeks so FED doesn't have to go for an early interest rate rise.

0 ( +0 / -0 )

Posted in: Abe says it is acceptable for BOJ to miss price goal See in context

It simply means lower inflation because of oil price drop is temporary, not affecting the course of reflationary policy itself. Google core inflation and find ECB mistook the oil price hike in 2011 as inflationary and that they raised the interest, only to kill the fragile economy. Do nothing is the economically right answer but don't overinterpretate it.

0 ( +0 / -0 )

Posted in: Japan releases Olympic stadium guidelines, but no cost estimates See in context

I'm ok with no stadium at all if that is translated into more public facilities and parks. Athelets can run on a grass field.

0 ( +0 / -0 )

Posted in: SDF paratroopers take part in landmark jump over Alaska See in context

Skydive seems more suitable for invasion than self defense to me.

1 ( +1 / -0 )

Posted in: McDonald's Japan slides to Y26.22 bil first-half loss See in context

Maybe they should start offering foods and redecorate the toilet like interior.

0 ( +1 / -1 )

Posted in: 7 decades after WWII, many praise Germany, scorn Japan See in context

Japan living in the kabuki world is true, but if Germans have learnt from history that massive economic burden in a deflationary world can lead to unstoppable vengeance, then why Germans treat Greeks as they do now?

-1 ( +0 / -1 )

Posted in: Nuclear reactor switched on in Kyushu despite protests See in context

Hydrocarbons are dirty, wind turbines kill birds and solar uses polluting copper. If nuclear is not the answer...maybe conservation or energy efficiency is the surest way?

-1 ( +1 / -2 )

Posted in: Abe's support slips to 32% See in context

Abenomics has put unemployment rate lower to the extent left in the market are those unskilled and discouraged, including women. The bottleneck, of course, is a lack of nursery school or skewed tax system and Abe has belatedly looked for solutions in what usually the left has in their closet. It's no surprise women don't support him. He is our Donald Trump but all I need is a result. Employment is a panacea to many social issues.

1 ( +2 / -1 )

Posted in: Abe's support slips to 32% See in context

I do have some sympathy with him on economic or some gender correction issues. He could use his political capital more wisely than his revisionist instinct dictates.

-2 ( +2 / -4 )

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