Japan calls for less GDP, More Austerity

[patb]

http://washpost.bloomberg.com/story?docId=1376-LFI9KI0UQVI901-219BV8DS5J0AA7DOLEHV0QVCUJ?hpid=sec-business

so lets see, A whole generation is trapped in overpriced houses. The Japanese have a consistent malingering unemployment problem. The Japanese economy has been in a staggering low growth mode for 2 decades,
population growth is low, the nation is aging, and they
want to wipe out indigenous industries against Korea, Mongolia and China?

Hummmm….

Why not Allow personal banktupcty, let people clear their slates, fix their zoning codes, and rationalize farming.

stop subsidies in urban farms, rebuild chunks of the city with earthquake proof buildings. That will create job pull demand.

stop investing into rural areas and fix their urban infrastructure.

[briansd1]

good comments patb.

I think that Japan’s problem is that the rural and backward elements of their society have too much sway over the votes. It’s the same problem we are facing.

But thankfully, our population is still relatively young and growing.

[briansd1]

good comments patb.

I think that Japan’s problem is that the rural and backward elements of their society have too much sway over the votes. It’s the same problem we are facing.

But thankfully, our population is still relatively young and growing.

[briansd1]

good comments patb.

I think that Japan’s problem is that the rural and backward elements of their society have too much sway over the votes. It’s the same problem we are facing.

But thankfully, our population is still relatively young and growing.

[briansd1]

good comments patb.

I think that Japan’s problem is that the rural and backward elements of their society have too much sway over the votes. It’s the same problem we are facing.

But thankfully, our population is still relatively young and growing.

[briansd1]

good comments patb.

I think that Japan’s problem is that the rural and backward elements of their society have too much sway over the votes. It’s the same problem we are facing.

But thankfully, our population is still relatively young and growing.

[briansd1]

Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/

[briansd1]

Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/

[briansd1]

Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/

[briansd1]

Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/

[briansd1]

Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/

[CA renter]

[quote=briansd1]Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/%5B/quote%5D

From the link:

When Japan’s economy collapsed in the late 1980s, the government chose not to write down bad loans or take the pain of massive restructurings. Instead it launched a massive borrowing program in the hope of stimulating the economy enough to outgrow its rough patch. Government debt grew from 66% of gross domestic product in 1989 to 226% in 2009 — by far the largest percentage of any industrialized nation. (The U.S. figure is 93%.) Despite the spending, Japan’s economy never strengthened, and the country fell into a cycle of increased deficit spending.

Certainly Japan’s woes are no secret. But perhaps paradoxically, because the country has stagnated for so long, many assumed the economy had bottomed out. Sure, a recovery may not be likely — but a collapse? Hard to imagine, or so one might think.
——————

Sound familiar? This is what some of us have been warning about since the explosion of bailouts and guarantees…and the refusal to value assets (of all kinds) at their real values.

[CA renter]

[quote=briansd1]Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/%5B/quote%5D

From the link:

When Japan’s economy collapsed in the late 1980s, the government chose not to write down bad loans or take the pain of massive restructurings. Instead it launched a massive borrowing program in the hope of stimulating the economy enough to outgrow its rough patch. Government debt grew from 66% of gross domestic product in 1989 to 226% in 2009 — by far the largest percentage of any industrialized nation. (The U.S. figure is 93%.) Despite the spending, Japan’s economy never strengthened, and the country fell into a cycle of increased deficit spending.

Certainly Japan’s woes are no secret. But perhaps paradoxically, because the country has stagnated for so long, many assumed the economy had bottomed out. Sure, a recovery may not be likely — but a collapse? Hard to imagine, or so one might think.
——————

Sound familiar? This is what some of us have been warning about since the explosion of bailouts and guarantees…and the refusal to value assets (of all kinds) at their real values.

[CA renter]

[quote=briansd1]Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/%5B/quote%5D

From the link:

When Japan’s economy collapsed in the late 1980s, the government chose not to write down bad loans or take the pain of massive restructurings. Instead it launched a massive borrowing program in the hope of stimulating the economy enough to outgrow its rough patch. Government debt grew from 66% of gross domestic product in 1989 to 226% in 2009 — by far the largest percentage of any industrialized nation. (The U.S. figure is 93%.) Despite the spending, Japan’s economy never strengthened, and the country fell into a cycle of increased deficit spending.

Certainly Japan’s woes are no secret. But perhaps paradoxically, because the country has stagnated for so long, many assumed the economy had bottomed out. Sure, a recovery may not be likely — but a collapse? Hard to imagine, or so one might think.
——————

Sound familiar? This is what some of us have been warning about since the explosion of bailouts and guarantees…and the refusal to value assets (of all kinds) at their real values.

[CA renter]

[quote=briansd1]Japan downgrade: The beginning of the end?

http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/%5B/quote%5D

From the link:

When Japan’s economy collapsed in the late 1980s, the government chose not to write down bad loans or take the pain of massive restructurings. Instead it launched a massive borrowing program in the hope of stimulating the economy enough to outgrow its rough patch. Government debt grew from 66% of gross domestic product in 1989 to 226% in 2009 — by far the largest percentage of any industrialized nation. (The U.S. figure is 93%.) Despite the spending, Japan’s economy never strengthened, and the country fell into a cycle of increased deficit spending.

Certainly Japan’s woes are no secret. But perhaps paradoxically, because the country has stagnated for so long, many assumed the economy had bottomed out. Sure, a recovery may not be likely — but a collapse? Hard to imagine, or so one might think.
——————

Sound familiar? This is what some of us have been warning about since the explosion of bailouts and guarantees…and the refusal to value assets (of all kinds) at their real values.

[Author]

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