Young people back fiscal expansion as Abenomics fails to address low growth, rising prices, and political scandals, shifting support in Japan’s election.
In addition to the problem of “politics and money” that began with a factional slush fund scandal, rising prices and dissatisfaction with the measures being taken to combat them led to the ruling party losing its majority in the House of Representatives election. On the other hand, the opposition parties, which called for continued monetary easing and fiscal expansion, increased their seats. These overlap with Abenomics, which has lasted for over 10 years. Is there no way to escape from this “lukewarm” economy? The 33-year-old female office worker who lives in Nerima Ward, Tokyo, has supported the Liberal Democratic Party until now. However, this time, for the first time, I voted for the Democratic Party for the People. This is because they had hopes for policies that would “increase take-home pay,” such as tax cuts and reductions in social insurance premiums. “I want the economy to circulate more and give the working generation a sense of security.” In addition to the slush fund problem, the current LDP is unable to sympathize with the “regional revitalization” policy advocated by the Ishiba administration. It seemed like a policy that went against the times, when the population is declining and investment capacity is limited. The Constitutional Democratic Party of Japan could not shake off concerns about the chaos caused by the previous Democratic Party administration. They are a high-income “power couple” who both work for venture companies. However, wages are not keeping up with rising prices, and “I feel like I have less money to spend.” I eat out on weekends, but during the week I eat prepared food that I cooked at home on my days off. Do your supermarket shopping on Sundays and try to catch the sales in the evening. People are increasingly choosing pork or chicken instead of beef when putting it on their menus for curry or beef stew. Last December, a 3LDK mansion… (The following is a paid version, 3203 characters remaining) Asahi Shimbun, December 1, 2024, 11:00 a.m.
>>1 Meanwhile, the big Keidanren companies that have continued to donate to the LDP… Corporate internal reserves reach record high of 600 trillion yen for 12 consecutive years – issues with investment, labor costs, and utilization at the end of FY23
Even though the Bank of Japan increased the money supply, Abenomics only managed to distribute a little bit to friends for things like the Olympics. As a result, investment went overseas, and while Japan as a whole became richer, its people became poorer.
The LDP government can’t admit that Abenomask was a failure on the surface, but it can’t admit that it is essential. The only option was to change the government, but they won’t do it, so the economic stagnation will probably continue. Politicians, bureaucrats, and citizens alike won’t admit that they made a mistake. This shitty country has only inflated pride.
>>7 If they were to admit that Abenomics was fundamentally a failure, it would mean completely denying the neoliberal authoritarian absolutism that the Abe administration built. They probably have no intention of returning to the origins of democracy, which is helping the weak.
Just because they have the right to issue currency doesn’t mean it’s okay. Think about what would happen if Yamada Denki exercised their right to issue points without any brakes.
Fiscal expansion, tax cuts. Let’s put an end to the politics of distributing subsidies to a limited number of “weak” people, and instead protect the income of working people.
Those who are opposed to tax cuts are likely to be elderly people who no longer work, people on welfare, those who rely on public funds to subsidize the interests of the weak and leech off taxpayers’ money, and civil servants, whose stable salaries are becoming more valuable due to deflation.
20Anonymous donburako rolling around.Dec. 1, 2024 (Sun) 17:19:52.16ID:y5wTb0uQ0
Three arrows: Unprecedented monetary easing, fiscal stimulus, hard work and diligence. Because of the Ministry of Finance and the national character, we were only able to fire one arrow.
Minister of Internal Affairs and Communications Seiichiro Murakami was right. They destroyed the country and even gave us the Northern Territories for free.
Comments