Wednesday Humor: Future Japanese Rulers Promise 3% Nominal Growth

Tyler Durden's picture


No, really. The LDP, as most know by now, will take over at the December 16th elections as the next party in charge of Japan, at least until the early elections 3-6 months later, when power will shift once more, as the great Keynesian basket case experiment proves ungovernable yet again.  But in the meantime, there will be much humor, such as this...


Actually, that's just the part about Japan preparing to invade Manchuria again. The same Japan whose exports imploded, and its economy is getting crushed as a result of the ongoing China boycott of all things Japanese.

But fear not: the LDP has an app for that (this is where it gets funny):

  • LDP AIMS TO ACHIEVE PRIMARY BALANCE SURPLUS BY 2020 - this for a country that has not had a primary balance surplus in.... ever?
  • JAPAN LDP TO CUT WELFARE PAYMENTS BY 10 PERCENT - this is for the country with the oldest average population in the world.
  • LDP SAYS CORPORATE TAX RATES MUST BE CUT SIGNIFICANTLY - don't tell France or those other socialist countries
  • LDP CALLS FOR BOJ COOPERATION IN SEEKING DRASTIC EASING - ah yes, the Department of Homeland Printing

And the punchline:


Remember: this is the party that plans on making the Bank of Japan a department of government.

We just can't wait for the even more epic humor that will ensue once first Japan's politicians, and soon after, all their financial muppet colleagues around the world, are given full control of the central printer.

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Wed, 11/21/2012 - 10:17 | 3001720 RunningMan
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As long as they promise.

Wed, 11/21/2012 - 10:20 | 3001727 GetZeeGold
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Just going to raise taxes's a pretty sweet deal.

Wed, 11/21/2012 - 10:24 | 3001741 SamAdams
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Japan will likely raise much of that income by selling keyboards to ZeroHedge readers who chose a most inopportune moment to sip their coffee....

Wed, 11/21/2012 - 10:27 | 3001751 GetZeeGold
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Who pays for keyboards? I've got the Obama-keyboard.....comes with a picture of Obama. It's a little spooky.....but it works and it's totally free.

Wed, 11/21/2012 - 10:29 | 3001766 flacon
flacon's picture

"Growth". LOL! 

Wed, 11/21/2012 - 10:52 | 3001834 TeamDepends
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Us too.  But the danged "right click" doesn't work.

Wed, 11/21/2012 - 11:00 | 3001862 DaveyJones
DaveyJones's picture

"We promise 3% growth"

sounds like a penis ad

oh wait, it is

Wed, 11/21/2012 - 11:34 | 3001976 old naughty
old naughty's picture

And they 'promise' nuclear arsenal...

Wed, 11/21/2012 - 16:18 | 3003102 Dr.Awkward
Dr.Awkward's picture

It's a "left click" only product line!

Thu, 11/22/2012 - 01:07 | 3003972 monad
monad's picture

Try light crick. Its a design feature.

Wed, 11/21/2012 - 11:57 | 3002062 Hippocratic Oaf
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.....but it works and it's totally free.


Yep. And all the keys say 'Ctrl'

Thu, 11/22/2012 - 11:41 | 3004508 Bag Of Meat
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And a big red one in the center, "P"

Press both for emergencies 

Wed, 11/21/2012 - 16:34 | 3003142 jimod
jimod's picture

So, LDP is running on Romney's platform?

Wed, 11/21/2012 - 10:18 | 3001721 Mongo
Mongo's picture

When all else fails they will take us to war

Wed, 11/21/2012 - 10:17 | 3001722 slaughterer
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Its called "CENTLAL PLINTEL" in Japan.   

Wed, 11/21/2012 - 10:24 | 3001740 zilverreiger
zilverreiger's picture

This all sounds dishonourable.

Wed, 11/21/2012 - 10:48 | 3001819 nonclaim
nonclaim's picture

Someone should deliver a tanto vending machine to their front door.

Wed, 11/21/2012 - 10:25 | 3001744 rabbitusvomitus
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Way to go FishBulb!

Wed, 11/21/2012 - 10:34 | 3001778 duo
duo's picture

Ha-wa wa-ri-so?

Wed, 11/21/2012 - 10:43 | 3001801 LeisureSmith
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Best one i could find.

For people wondering about that brave corporate logo.

Wed, 11/21/2012 - 10:25 | 3001746 govttrader
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Look at the bright side...if Japan can do it for 20+ years...the US has 15 years to go!!!

Wed, 11/21/2012 - 10:27 | 3001752 donpaulo
donpaulo's picture

this is a complete Joke

Shinzo Abe quit the office of prime minister for health reasons when he had the job previously

Now the LDP trots him out, he makes some lame speech about how he is ready for the challenge and China is doo doo

Voila a renewed leader !

Meanwhile Mr Noda the sitting PM is out there telling the truth which nobody wants to hear

National consumption tax to double to 10% and even that won't "fix" the problem

The actual total needs to be closer to 12%

Its a merry go round of Debt


Wed, 11/21/2012 - 10:46 | 3001811 suteibu
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Noda telling the truth?  I must have missed his revised policy on know, the one that protects the population by giving accurate information about the spread of radiation, the condition of Dai-ichi, and stopping the policy of sending radioactive and toxic waste all over Japan to be incinerated.  And what about all the misuse of funds specified for reconstruction of Tohoku.  People are still living in school gyms while money was directed to whaling among other things.

Even you believe his lies.  That 10% increase in taxes won't kick in until the economy shows growth.  Of course, he could lie and say the economy is growing. 

BTW, haven't heard Noda speak out on Japan's extremely low 4.5% unemployment rate either.  Now, he didn't begin that lie, but that doesn't mean he isn't lying about it every month.

Noda is Obama's puppet.  Don't get me started about his push to join Obama's TPP FTA.

This is not to say the Abe is any better.  Second look at Ozawa.

Wed, 11/21/2012 - 15:56 | 3003024 flattrader
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One way to reduce unemployment is to have everyone leave.

Of course with ZPG ,that and the number of upcoming child deaths, will affect GDP.

Just go to enenews and keyword search -- children cysts nodules -- and you'll get the picture of what is going to happen several years.

Wed, 11/21/2012 - 10:50 | 3001829 Zero Govt
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Noda telling the truth?

all Japanese PM's are exclusively cherry-picked from the Ministry of Finance... think Iraqi Information Minister for levels of accuracy here!

Wed, 11/21/2012 - 10:28 | 3001756 SheepDog-One
SheepDog-One's picture

'Growth'? Well theyre gonna fuck everything up for the ZIRP to infinity overlords! This will have to be squashed.

Wed, 11/21/2012 - 10:29 | 3001759 gamera9
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I'm turning Japanese, I'm turning Japanese I really think so.

Wed, 11/21/2012 - 10:29 | 3001760 buzzsaw99
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Wed, 11/21/2012 - 10:29 | 3001762 Dr. Engali
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Well nothing else is working so we might as well try inflation and empire building again. It's worked so well in the past.

Wed, 11/21/2012 - 10:31 | 3001769 Monedas
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North Korea 40B  GDP .... South Korea 1,500B  GDP .... that's funny !

Wed, 11/21/2012 - 10:31 | 3001770 LawsofPhysics
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Don't mock these great leaders, they will get even better growth, right after the detonate those other atomic bombs and eliminate half the population.  It worked before.  Only doing what Krugman told them to do...

Wed, 11/21/2012 - 10:33 | 3001772 ptoemmes
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Wasn't Kyle Bass also just saying...end game is close upon them/us.


War...uh huh...what is it good for?

Wed, 11/21/2012 - 10:53 | 3001836 Monedas
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War is just Socialism on CRACK !

Wed, 11/21/2012 - 10:34 | 3001779 Yen Cross
Yen Cross's picture

 Japan must be planning on another sunami. Naw, they tried that already. Asteroid impact, sounds about right...

Wed, 11/21/2012 - 10:35 | 3001781 BigInJapan
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Purinto shiro!

Wed, 11/21/2012 - 18:44 | 3003458 StychoKiller
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Is your avatar Godzira with a walker????

Wed, 11/21/2012 - 19:45 | 3003552 BigInJapan
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And what of it, whippersnapper? Everybody is old in Japan.

Wed, 11/21/2012 - 10:37 | 3001784 OneTinSoldier66
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"Department of Homeland Printing"


It's good to know that we have at least one Government agency that can never run a deficit.


Or is this the department that ensures that no Government agency or TBTF Bank ever runs a deficit?


I'm so confused.

Wed, 11/21/2012 - 10:37 | 3001785 Totentänzerlied
Totentänzerlied's picture


Ah, the right of "self"-defense ... of the nation as a collective, abstract whole. You almost had me there for a second, thinking Japan had reversed course after ... it's entire recorded history ... and decided to do away with its frankly embarassing weapons control laws, in order to allow people to defend themselves!


Wed, 11/21/2012 - 10:37 | 3001786 fuu
fuu's picture

Still no plan for Fukushima though right? Good luck Japan.

Wed, 11/21/2012 - 11:55 | 3002054 Things that go bump
Things that go bump's picture

Yah, it sounds like they're planning on moving  

Wed, 11/21/2012 - 13:16 | 3002373 Matt
Matt's picture

So much for moving into ready-made empty cities in China ...

Wed, 11/21/2012 - 10:37 | 3001787 bank guy in Brussels
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Re the Japanese opposition pledge for '3% nominal growth' the key word there is 'nominal' ...

It being understood this is not 'real' growth ... but money-supply managed artificial growth that is higher than the inflation rate, as the specific core of central bank policy ...

We should all give a cheer that Japan will try this economic experiment for us all

This is absolutely classic 'Monetarism' (not to be confused with the word used as an epithet for American 'screw the workers' policies)

This comes from the side of Milton Friedman that, instead of supporting the CIA in Chile etc., was advocating a 'negative income tax' simple transfer payment to Americans

There are not really many of the old classic monetarists left, but their small group is adamant in articulating a view that the money supply really needs to be watched amid this global credit contraction

Of course there is much disagreement about how to categorise that money supply (M3 or whatever) ...

But they say with nominal GDP ahead of inflation, is the core of the ticket out of economic hell

And this is why the monetarists say the euro always was doomed, as Friedman predicted ... in Europe the Mediterranean countries cannot massage their own money supply upwards, they have brutally high interest and shrinking money supply, hence the crisis and collapse till the euro-zone splits

It's an alternative to Richard Koo and his insistence that fiscal stimulus is the only effective way forward in a balance-sheet recession

We all look forward to seeing how it works out, and we should encourage Japan that if they are going to try it, don't do it half way, do it all the way

Wed, 11/21/2012 - 10:39 | 3001788 Monedas
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Yen Cross ?  Is that a Crockett Pocket Almanac in your pocket .... or are you just happy to see me ?

Wed, 11/21/2012 - 10:45 | 3001804 oddjob
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Any charts for Matsumura Fishworks or Tamaribuchi Heavy Manufacturing?

Wed, 11/21/2012 - 10:47 | 3001814 IridiumRebel
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Mista-doh Spa-kudo!

Wed, 11/21/2012 - 11:09 | 3001886 williambanzai7
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You forgot to mention they are changing the party name: LSD

Wed, 11/21/2012 - 11:11 | 3001889 Getting Old Sucks
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Surplus by 2020?  LOL.  Japan will be a deserted nuclear wasteland by then.  Exports imploding?  Who wants shit that glows in the dark?  Is the whole fucking world asleep? 

Wed, 11/21/2012 - 11:11 | 3001891 TrumpXVI
TrumpXVI's picture

Wuaaaa, must reassert right to self defense!

Reclaim Manchukuo.

Reestablish Greater East Asian Co-Prosperity Sphere.

Maybe Dept.731!

Wed, 11/21/2012 - 11:11 | 3001893 BeetleBailey
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(no really....I'm long the JPY...mebbe several trades piled in will help....)....<major sarc>


Fuckin rice-eaters....

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