TOKYO - Japan’s “Abenomics” stimulus program appears to be reaching a turning point as growth is sputtering and the hit to exports from slowing global demand is spreading to various sectors of the economy.
But the signs that the economy is cooling after a year of expansion threaten Prime Minister Shinzo Abe’s goal of achieving both economic revival and fiscal consolidation through a policy mix of monetary easing, flexible spending and structural reform. To be sure, Abe’s reflationary policy has helped boost gross domestic product to 540 trillion yen , up 8.6% from 2012 levels, thanks to a windfall yen weakness boosting exporters’ profits and share prices.
Declines in car production due to weaker demand both abroad and at home and a powerful typhoon pushed down factory output too, which shrank at its fastest pace in nearly two years in October. That would mark a setback for his strategy of counting on higher tax income as well as the BOJ’s low-rate policy to rein in a growing debt that’s over twice the size of Japan’s $5 trillion economy.
Japanese hyper-inflation is cannibalizing itself. In addition to what is listed in the article, the Yen is failing at the prospect that Japan will need to provide more if its own defense. This is the downside to fiat currency. Controlling national deficits matter. fiat_money
I could have told you that last year
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea threat looms as China, Japan, South Korea leaders meetThe spectre of new confrontation between Pyongyang and Washington hangs over mee... *We’ll Always Have the DMZ* Donald & Jong Un’s day date in the DMZ is but a fond memory. Sad. Meanwhile China_is_terrorist You don't have to look that grim! Remove all those unGodly Satanic sanctions against N. Korea! Everything will reverse! You probably will! But what about the greatest Satan of all time Trump? Is he beaten by impeachment? Or is it truth that beaten?
Source: Reuters - 🏆 2. / 97 Read more »
The best year financial markets have ever had?For all the angst about trade wars, geopolitics and a sputtering and overly inde... The rich got richer Numbers racket
Source: Reuters - 🏆 2. / 97 Read more »
How 2019 Became The Best Year In Private Equity’s HistoryTrump's tax overhaul allowed the publicly traded private equity firms to convert to corporations, fueling some $75 billion in stock market gains in 2019. But not for the WorkingClass or MiddleClass, we are still falling behind.
Source: Forbes - 🏆 394. / 53 Read more »
Sasha Velour Hits Back at the Alt-Right With Hot Pink Hitchcockian GlamThe millennial agenda is: 1. Impeach Trump 2. 3. 4. ... 5. SOMEHOW elect sasha_velour as president. sasha_velour I’m LIVING for this look sasha_velour sasha_velour Your support towards AndrewYang can be instrumental to empowering universal basic income, democracy dollars, and shift of tax burden from income to consumption.. ideas which I think resonate with you. P.S: Booked tickets for your show in the EU (I am not from US)
Source: papermagazine - 🏆 409. / 53 Read more »
German finance minister: tax on share dealing could be extended to other assetsThe financial transaction tax on share dealing that 10 European countries hope t... In other words, if you live in Germany you’re about to get screwed Finally, someone is trying to curb asset bubbles and market instability. But I am surprised how low the tax is; it could easily be raised to 0.5%. It's a great start but it should also apply to speculative transactions. this should help London retain its leading position
Source: Reuters - 🏆 2. / 97 Read more »
Congress Approves One-Year Extension of Tax Relief for Craft Booze MakersProviding indefinite tax relief had massive bipartisan support, but won't happen until at least 2020. Given the current shitshow in Washington this was a huge win.
Source: foodandwine - 🏆 366. / 59 Read more »