The country has been fighting deflation for the last couple decades. The previous prime minister of Japan thought a 1% increase towards inflation could do the economy some good. The Bank of Japan disagreed, and with the new prime minister that goal is going to have to be placed on hold for a little while. To stimulate the economy, the Bank of Japan is looking at investing more into its asset purchase program. Those assets will likely consist of more government bonds. If Japan is dipping into their reserve funds as they have suggested, and not taking a loan, then the Bank of Japan shouldn’t have to purchase any more assets from the government. By issuing debt to their central bank to fight deflation, it seems their merely extending the time they have before the hammer falls.
The recent purchase of the Senkaku islands adds to the government’s assets. Even though they were purchased from a private owner, there has been much controversy over what country they belong to. According to China, the Diaoyutai islands belong to them. Tomato, Tamato—it’s all the same. Some folks say war is the best way out of a recession, and Japan has been trying to overcome their recession since the early nineties.
We would love to see a peaceful end to this confrontation, but if the argument escalates we’re going to have to back Japan. The US administration has made clear they are tired of China’s practices, and by no means are we instigating a conflict by the US-Japan island drills. Just a little back up, since Japan’s justice minister had to step down after being tied to the mob. The mob has always been known to bring justice against those who are indebted to them; it seems he would have been the perfect man for the job.
Prime Minister Yoshihiko Noda was forced to shuffle his cards once again. He hasn’t had much luck with the ministers’ he appointed. The PM had recently selected a new finance minister that would support his tax hike, which has faced some opposition. Justice Minister Tanaka was only in office for three weeks, before being forced to resign. Shortly after Noda took office in 2011, the trade minister Yoshio Hachiro, whom Noda appointed was forced to resign over insensitive comments regarding Fukushima.
The damage that has already been done by the nuclear plant, making the area uninhabitable is not enough for Japan’s government to follow through on being rid of nuclear power by 2030. It sounded like a good idea when they first made the announcement, but then it hit—“that’s just way too soon, we’ll need to think about this some more. Closing the plant would increase unemployment.” If only the wind farm energy idea could produce as many employment opportunities as a nuclear plant, then maybe they could make it happen.
They strike oil with the new Senkaku/Diaoyutai islands, and this new wealth may prove to be the answer to so many of their problems. That is, with the exception of a war with China.
The recent purchase of the Senkaku islands adds to the government’s assets. Even though they were purchased from a private owner, there has been much controversy over what country they belong to. According to China, the Diaoyutai islands belong to them. Tomato, Tamato—it’s all the same. Some folks say war is the best way out of a recession, and Japan has been trying to overcome their recession since the early nineties.
We would love to see a peaceful end to this confrontation, but if the argument escalates we’re going to have to back Japan. The US administration has made clear they are tired of China’s practices, and by no means are we instigating a conflict by the US-Japan island drills. Just a little back up, since Japan’s justice minister had to step down after being tied to the mob. The mob has always been known to bring justice against those who are indebted to them; it seems he would have been the perfect man for the job.
Prime Minister Yoshihiko Noda was forced to shuffle his cards once again. He hasn’t had much luck with the ministers’ he appointed. The PM had recently selected a new finance minister that would support his tax hike, which has faced some opposition. Justice Minister Tanaka was only in office for three weeks, before being forced to resign. Shortly after Noda took office in 2011, the trade minister Yoshio Hachiro, whom Noda appointed was forced to resign over insensitive comments regarding Fukushima.
The damage that has already been done by the nuclear plant, making the area uninhabitable is not enough for Japan’s government to follow through on being rid of nuclear power by 2030. It sounded like a good idea when they first made the announcement, but then it hit—“that’s just way too soon, we’ll need to think about this some more. Closing the plant would increase unemployment.” If only the wind farm energy idea could produce as many employment opportunities as a nuclear plant, then maybe they could make it happen.
They strike oil with the new Senkaku/Diaoyutai islands, and this new wealth may prove to be the answer to so many of their problems. That is, with the exception of a war with China.
