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Fresh focus for Abenomics: New social programs

mbig

mbig

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Japan jobless rate always looks pretty good. Their workforce goes down about 1% a year the last decade or so, with no INmigration.
Now at 20 year low BUT...

Fresh focus for Abenomics: New social programs
Fresh focus for Abenomics: New social programs - | Seeking Alpha
Nov 27 2015, 03:01 ET | By: Yoel Minkoff, SA News Editor

*Japan's Prime Minister Shinzo Abe has ordered Cabinet ministers to prepare an extra spending package (likely over ¥3T), including cash handouts for the poorest pensioners, to boost the country's stalling recovery.
*The measures reflect a new focus for Abenomics, which has been criticized for benefiting mostly big businesses instead of the average Japanese.
*Data for October released Friday: Japan's jobless rate fell to a 20-year low of 3.1%, but household spending fell 2.4% and average incomes fell 0.9%.​

They could probably get to 1% unemployment rate.
due to Declining and Aging population, urbanization, and more in Nursing homes.
The vacant housing problem | The Japan Times
May 25, 2015
There were some 8.2 million vacant houses — or one in seven — nationwide as of October 2013.
This record number represents more than a twofold increase over the past 25 years.
[.....]​
 
Last edited:
mbig said:
Japan jobless rate always looks pretty good. Their workforce goes down about 1% a year the last decade or so, with no INmigration.
Now at 20 year low BUT...

Fresh focus for Abenomics: New social programs
Fresh focus for Abenomics: New social programs - | Seeking Alpha
Nov 27 2015, 03:01 ET | By: Yoel Minkoff, SA News Editor

*Japan's Prime Minister Shinzo Abe has ordered Cabinet ministers to prepare an extra spending package (likely over ¥3T), including cash handouts for the poorest pensioners, to boost the country's stalling recovery.
*The measures reflect a new focus for Abenomics, which has been criticized for benefiting mostly big businesses instead of the average Japanese.
*Data for October released Friday: Japan's jobless rate fell to a 20-year low of 3.1%, but household spending fell 2.4% and average incomes fell 0.9%.​

They could probably get to 1% unemployment rate.
due to Declining and Aging population, urbanization, and more in Nursing homes.
The vacant housing problem | The Japan Times
May 25, 2015
There were some 8.2 million vacant houses — or one in seven — nationwide as of October 2013.
This record number represents more than a twofold increase over the past 25 years.
[.....]​
Click to expand...
Abe is either completely stupid or completely genius for this, only time will tell. It seems to be, he's trying to get to 0% unemployment, at the sacrifice of wages, and then try to get everyone's pay up to livable wages. Again, only time will tell.
 
DarkWizard12 said:
Abe is either completely stupid or completely genius for this, only time will tell. It seems to be, he's trying to get to 0% unemployment, at the sacrifice of wages, and then try to get everyone's pay up to livable wages. Again, only time will tell.
Click to expand...

He is a macroeconomic ignoramus.

Japan is already in it's second recession under his watch (their 5'th in 5 years). Their trade balance is lousy overall and their debt is taking up almost 50% of their taxes just to service it...and still they keep dreaming that if they just spend enough money they do not have that everything will be okay. Meanwhile life for the average Japanese citizen gets a little worse every year.

It is amazing how Keynesians keep moving the goalposts. First they said it is good that governments/central banks spent like mad to keep western countries out of recession. Then they praise Abenomics even though Japan goes into one recession after another.

Basically, they just love big government and seemingly nothing will persuade them that bigger government means better lives for all...even as the west stagnates despite large central bank stimuli and Japan flounders under massive central bank stimuli (the Japanese central bank has even bought huge amounts of stocks directly).

Paul Krugman's motto...'more money'.

Well, eventually the money will run out - not today or tomorrow, but one day. And when that day comes, IMO, it will make the Great Recession look like a blip.
 
DA60 said:
He is a macroeconomic ignoramus.

Japan is already in it's second recession under his watch (their 5'th in 5 years). Their trade balance is lousy overall and their debt is taking up almost 50% of their taxes just to service it...and still they keep dreaming that if they just spend enough money they do not have that everything will be okay. Meanwhile life for the average Japanese citizen gets a little worse every year.

It is amazing how Keynesians keep moving the goalposts. First they said it is good that governments/central banks spent like mad to keep western countries out of recession. Then they praise Abenomics even though Japan goes into one recession after another.

Basically, they just love big government and seemingly nothing will persuade them that bigger government means better lives for all...even as the west stagnates despite large central bank stimuli and Japan flounders under massive central bank stimuli (the Japanese central bank has even bought huge amounts of stocks directly).

Paul Krugman's motto...'more money'.

Well, eventually the money will run out - not today or tomorrow, but one day. And when that day comes, IMO, it will make the Great Recession look like a blip.
Click to expand...

PK is a neo-liberal and not a Keynesian.
 
joG said:
PK is a neo-liberal and not a Keynesian.
Click to expand...

I did not say above that he was a Keynesian.

I call Paul Krugman a Krugmanite.


As for being a neo-liberal...no offense, but I neither know nor much care what that means. Political labels bore me. I only like to deal in economic labels, reluctantly.
 
DA60 said:
He is a macroeconomic ignoramus.

Japan is already in it's second recession under his watch (their 5'th in 5 years). Their trade balance is lousy overall and their debt is taking up almost 50% of their taxes just to service it...and still they keep dreaming that if they just spend enough money they do not have that everything will be okay. Meanwhile life for the average Japanese citizen gets a little worse every year.

It is amazing how Keynesians keep moving the goalposts. First they said it is good that governments/central banks spent like mad to keep western countries out of recession. Then they praise Abenomics even though Japan goes into one recession after another.

Basically, they just love big government and seemingly nothing will persuade them that bigger government means better lives for all...even as the west stagnates despite large central bank stimuli and Japan flounders under massive central bank stimuli (the Japanese central bank has even bought huge amounts of stocks directly).

Paul Krugman's motto...'more money'.

Well, eventually the money will run out - not today or tomorrow, but one day. And when that day comes, IMO, it will make the Great Recession look like a blip.
Click to expand...

Why haven't you touched on demographics and social issues plaguing Japan? We get it, you oppose Abe and Keynesianism. Do you have anything else to offer, other than regurgitating the same boring **** (that doesn't make much sense to begin with)?
 
DA60 said:
I did not say above that he was a Keynesian.

I call Paul Krugman a Krugmanite.


As for being a neo-liberal...no offense, but I neither know nor much care what that means. Political labels bore me. I only like to deal in economic labels, reluctantly.
Click to expand...

I was referring to your quote. Didn't you read it?
 
It is refreshing to see a thread countering the other Abenomics garbage. Yes it has favored big business, that is what monetary policy does, but how can a 3% UE rate ever be seen as a failure?
 
Kushinator said:
Why haven't you touched on demographics and social issues plaguing Japan? We get it, you oppose Abe and Keynesianism. Do you have anything else to offer, other than regurgitating the same boring **** (that doesn't make much sense to begin with)?
Click to expand...
That's a very good point.
I don't think one can't use Japan as an argument against Keynesianism.
That Philosophy was developed at a time of perrmanent and steady population increase.
I don't think it meant to include the same policies for a country demographically shrinking 1% a year, as those growing 2%.
Clearly there are issues with throwing money at a declining workforce and population that do Not apply almost everywhere else.

What's amazing is they can't even get inflation with Abnenomics: Spending Twice what they take in for the last 7 years, and Printing the difference.
 
JP Hochbaum said:
It is refreshing to see a thread countering the other Abenomics garbage. Yes it has favored big business, that is what monetary policy does, but how can a 3% UE rate ever be seen as a failure?
Click to expand...
Lower the standards, raise the employment. It works for America it can work for Japan! I bet if we simply enslaved everyone we could get to zero!
 
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