nekton comments

Posted in: Abe says economy is No. 1 priority as ruling coalition wins big See in context

Currency speculators are hedging yen down to 150 to US$1 by mid-2015 and 200 by 2015 year end. I could see 150 but 200 is a stretch. Cost of living index will go thru roof as imports rocket in price. On the + side, Big Auto is going to make a lot of profits but will it pass that to line workers—I doubt it. Turkeys just voted for Christmas.

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Posted in: A look at what's at stake in Dec 14 election See in context

Apologies, my post was probably too oblique—I was referencing what is called "guns or butter macro-economics", which seems to fit Abe's right-wing militarism (reforming/re-interpreting Article 9, expanding JSDF, allowing export of Japanese built weapons systems, etc.). A too simplistic explanation is that as a country follows a defense-industry based economy, the rationale for domestic production of everyday goods (like butter) disappears, so such products disappear from shops. Eisenhower made a powerful speech about it in 1953 that you will find easily if you google "guns and butter." If Abe takes Japan (back) down this road, it will lead to grief. If Japan's electorate vote the LDP dinosaurs back-in, it will be like 'turkeys voting for Christmas' in my opinion.

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Posted in: A look at what's at stake in Dec 14 election See in context

Here's a question for Mr Abe on the hustings:

Mr Abe, Why should the Japanese electorate trust your party to get the economy back on track when your MLITT has been unable to do something as simple as ensure supplies of butter in stores for the last 6 months?

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