Japan unveils €241Bn stimulus package

[Vergennes]

The Japanese government has said it'll compile a huge stimulus package to kickstart the Asian country's flagging economy. The announcement put more pressure on the Bank of Japan to increase monetary easing.

Japanese Prime Minister Shinzo Abe said Wednesday his government would compile a stimulus package of roughly 28 trillion yen ($265 billion, 241 billion euros) to get the ailing economy on its feet again.

Newspaper reports indicated the package would include 13 trillion yen in direct fiscal measures such as boosting spending by national and local governments as well as loan programs.

Abe's announcement via a speech in southern Japan came earlier than expected and pressured the Bank of Japan to match his plan with additional monetary easing at its closely watched rate review ending Friday.

Big hopes

"The amount is so large that the stimulus package is bound to have a big economic impact," said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities.

"The Bank of Japan is likely to ease its policy further, including increasing government debt purchases," he added in a statement.

Details of Abe's package will only be announced next week. But analysts are optimistic that the package will be able to revive an economy dogged by sluggish consumption.

The Nikkei share average rose by 1.7 percent as hopes for more spending boosted stock prices.

http://www.dw.com/en/japan-promises-huge-stimulus-package/a-19429037

 

[Mangus Ortus Novem]

Hopefully, this time the stimulus works.

It is more the helicopter money from JCB that is worrying.

This prinitng money business has wiped out real wealth of Japanese middle class.

 

[Jlaw]

More money printing! @Viet . You see Viet. You should allow US bases so that the US will allow you print infinite amount of dong so you can hypercharge your economy!

 

[liall]

Like always it is not going to work Japan has a shrinking population which is also getting order. Japan looses a town of 100,000 people every year. The demand for goods is always going down.

Japan should let immigrants in if they wish to compete with likes of US or western Europe who import lots of educated Asians every year from countries like India and China.

 

[Blue Marlin]

Hopefully, this time the stimulus works.

It is more the helicopter money from JCB that is worrying.

This prinitng money business has wiped out real wealth of Japanese middle class.

whats jcb?

 

[Mangus Ortus Novem]

whats jcb?

Japanese Central Bank.

 

[Blue Marlin]

Japanese Central Bank.

for a moment there i thought you meant this

im having a long day...........

 

[Viet]

More money printing! @Viet . You see Viet. You should allow US bases so that the US will allow you print infinite amount of dong so you can hypercharge your economy!

You troller. Japan economic weakness has nothing to do with US bases, but a combination of aging population, weak consumption, weak innovation, lack of trust into the future. Money printing is not helping. they are flooding the market with yen since 20 years. I have drawn a solution for Japan here on pdf on the very first day when I joined.

 

[Beidou2020]

This is nothing new. They have been doing this for the past 25 years trying to prop up a zombie economy.

 

[Tshering22]

Like always it is not going to work Japan has a shrinking population which is also getting order. Japan looses a town of 100,000 people every year. The demand for goods is always going down.

Japan should let immigrants in if they wish to compete with likes of US or western Europe who import lots of educated Asians every year from countries like India and China.

And screw the stability of the country? No thanks.

Look at France, Germany, Sweden and Belgium. UK has topped the list of countries with most terror incidents in Europe this year.

Japan is better off without foreigners.

Besides, Japanese society is very, very different. If certain 'immigrants' cannot blend in Western culture, they will simply wage war against Japanese society, that too after claiming all the goodies.

Japan should instead encourage a policy of early marriage, like around mid 20s and make it illegal to work beyond 8 hours So that people have the time to produce babies.

 

[Mangus Ortus Novem]

After the property bubble burst, Japan lost its way.

Sad state of affairs.

Household savings lost there worth in real terms.

Young people not optimistic about the future.

Fastest disappearing population.

And the Japanese gov has economic policy in place for an age that only benefits certain vested iterests.

Not the average Japanese citizen.

They have printed too much money and their central bank has been buying equity to boost the stock market for a long long time.

What is the strategy?

And now an agressive foreign policy and change in constituition.

To what end?

The best thing for Japanese government was to create a free trade zone with China and SK.

China has been advocating this for a long time.

A NE Asian economic union will solve so many problems beyond economy.

 

[Jlaw]

You troller. Japan economic weakness has nothing to do with US bases, but a combination of aging population, weak consumption, weak innovation, lack of trust into the future. Money printing is not helping. they are flooding the market with yen since 20 years. I have drawn a solution for Japan here on pdf on the very first day when I joined.

you don't understand geopolitics don't you? Any country other than US and other allies that print excess amount of money will see their currrency devaluate BIG Time. Japan have been printing money like no tomorrow for over one decade now but their currency is stable.

If Vietnam try doing this, the Vietnamese dongs will only be good to wipe one's dong.

 

[Viet]

you don't understand geopolitics don't you? Any country other than US and other allies that print excess amount of money will see their currrency devaluate BIG Time. Japan have been printing money like no tomorrow for over one decade now but their currency is stable.

If Vietnam try doing this, the Vietnamese dongs will only be good to wipe one's dong.

If you can explain me, why the yen is not devaluing as it should be, then I would give you a thank.

 

[Jlaw]

If you can explain me, why the yen is not devaluing as it should be, then I would give you a thank.

I already told you

 

[Viet]

I already told you

Where?