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Abenomics Is Working: Japanese Households On Welfare Rise To Record

Tyler Durden's picture




 

Just in case the legacy of Abenomics wasn't clear enough (it should have been after we reported that its legacy is "Japan's Greatest "Misery" In 33 Years"), here is another confirmation that in the New Normal, only bad things happen when you forget to BTFD.

From Japan Times:

The number of households on welfare in Japan hit a record high of 1,603,093 in May, up 2,852 from the previous month, the Health, Labor and Welfare Ministry said on Wednesday. The rise came as a growing number of single-person elderly households, or people aged 65 or older who are living alone, became recipients, ministry officials said.

 

According to the ministry’s May survey, 751,363 families, or 47.1 percent of the total recipient households, comprised only the elderly or the elderly plus unmarried members younger than 18.

 

Elderly households on welfare increased, but fewer families without fathers or with sick or disabled members received benefits, the officials said.

Of course, if you ask any Keynesian, record households on welfare is nothing more than pent up record trillionaires (if only in devalued currency terms, but who cares about specifics).

 

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Wed, 08/06/2014 - 12:53 | 5054581 drinkin koolaid
drinkin koolaid's picture

That strategy has worked in the US. Just stick with the plan.

Wed, 08/06/2014 - 12:56 | 5054596 linniepar
linniepar's picture

Exactly! Enslavement through dependence.

Wed, 08/06/2014 - 13:04 | 5054633 fedupwhiteguy
fedupwhiteguy's picture

I lived there for 3 years back in the late '60s. A few years before Dick Nixon closed the gold window. It was a nice place back then. They were on the cusp of their new manufacturing boom. The thought of 2+ decades of stagnation is depressing. I'm hoping that the FED hasn't been using them as a currency bebauching trial ballon and excellerate that process over here.

:) hopey/changey

Wed, 08/06/2014 - 13:07 | 5054649 yogibear
yogibear's picture

It's the Federal Reserve's grand massive printing experiment. They implode the US isn't far behind.

Wed, 08/06/2014 - 13:18 | 5054703 remain calm
remain calm's picture

Bullish. Buy the 10 year JGB

Wed, 08/06/2014 - 13:35 | 5054779 max2205
max2205's picture

What no Wi Tu jokes?

Wed, 08/06/2014 - 13:40 | 5054799 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Japan!  Attention: your tired, hungry and poor bearing exporters!

We are here to help!  Send us you bearings (at lower prices) and we will send you cash!  No L/Cs!

Let's make some money...

Wed, 08/06/2014 - 13:45 | 5054819 syntaxterror
syntaxterror's picture

Buy the JGB indeed. That "Safe" 0.9% yield is too tempting to pass on.

Wed, 08/06/2014 - 14:02 | 5054915 remain calm
remain calm's picture

0.9% good for you, everyone else in the world only gets 0.52%

Wed, 08/06/2014 - 14:19 | 5054995 Kirk2NCC1701
Kirk2NCC1701's picture

Comfort wives worked in the past.   I'm guessing Comfort Politicians and Comfort Executives have already been Leased under a JV program by Fed/QE + NSA.

Everyone else:  No Soup For You!

Wed, 08/06/2014 - 12:54 | 5054587 Oldwood
Oldwood's picture

You can withstand about anything as long as you know it won't last forever. The elderly have no illusions and will quietly ride it out.

Wed, 08/06/2014 - 12:58 | 5054602 Herd Redirectio...
Herd Redirection Committee's picture

So this is why I hate power outages!  The uncertainty!

Wed, 08/06/2014 - 13:13 | 5054673 CheapBastard
CheapBastard's picture

How do you say, 'FSA" in Nihongo-speak ? ............... I wonder if they get free "Abephones"?

Wed, 08/06/2014 - 12:54 | 5054589 MsCreant
MsCreant's picture

I wonder if folks bitch over there about individuals on welfare while they bail out their corporations? Wonder if they can get booze and cigs with their welfare? I am certain it is a really different culture around it in all seriousness.

Wed, 08/06/2014 - 13:01 | 5054622 NOTaREALmerican
NOTaREALmerican's picture

Not so sure.   Racist,  xenophobic,  subservient to authority.     Pretty much the same.    They just hate different people than we do.

Wed, 08/06/2014 - 13:32 | 5054764 suteibu
suteibu's picture

Xenophobic, perhaps, though the common usage of the word is meant to demagogue rather than describe. 

However, racist is an unfair term.  What is racist about trying to protect one's culture?  Who gets to demand that Japan open its door to multiculturalism?  What are the benefits to Japan?

Subservient to authority, to be sure.  But no more so than in the US or Europe despite all of the internet warriors for freedom.

Wed, 08/06/2014 - 13:39 | 5054795 NOTaREALmerican
NOTaREALmerican's picture

Re:  What is racist about trying to protect one's culture? 

Ask the sub-human Chinese who died in WW2.  

Wed, 08/06/2014 - 13:44 | 5054817 suteibu
suteibu's picture

Ancient history.  The largest group of tourists in Japan are Chinese and very welcomed.

You seem not to be able to see the difference between the Imperial government of the past (and current Abe nationalism) with the people and the culture.  So, based on that association, you, yourself, are racist against all non-white people.  After all, that is the largest percentage of people to die in America's wars.

Wed, 08/06/2014 - 14:00 | 5054861 NOTaREALmerican
NOTaREALmerican's picture

Re:  Ancient history. 

I guess we haven't been following the news regarding the Japanese / Chinese continuous spat over "Japanese war heroics".   Doesn't matter.   Racism is as natural as pooping.    There's nothing wrong with being a racist, it's simply how a specific percentage of human brains are configured in all societies.    You just don't want to be on the receiving end of it.

Wed, 08/06/2014 - 14:06 | 5054932 suteibu
suteibu's picture

You mean the Chinese government and the Japanese government are continuing to spat about the war.  The people are over it except when it it forced on them for political purposes.  The problems of today are not the result of the past, but of the present political agendas.

Wed, 08/06/2014 - 14:17 | 5054991 NOTaREALmerican
NOTaREALmerican's picture

Well, yeah,  but people are manipulated by bullshit from politicians.    I was in china about two years ago.   There was anti-Japanese propaganda all over the place.    The chinese are VERY enthusiastic about believing bullshit. 

Wed, 08/06/2014 - 13:04 | 5054636 Miffed Microbio...
Miffed Microbiologist's picture

I have wondered this as well. I think not. I remember the long water lines during Fukushima where everyone was waiting patiently for their ration. I cannot conceive of that happening anywhere in the USA today.

Miffed;-)

Wed, 08/06/2014 - 13:25 | 5054721 PrecipiceWatching
PrecipiceWatching's picture

Then you don't know much about large swaths of America.

The LeftMedia portrayal of America, via current popular "culture" and their ALWAYS active "news" filter, is a hilariously distorted cartoon.

I will say that yes, we don't do the unquestioned obedience/subservience thing very well.  But that of course is a highly positive attribute.

 

Wed, 08/06/2014 - 13:39 | 5054802 NOTaREALmerican
NOTaREALmerican's picture

Re: unquestioned obedience/subservience thing very well

Not counting the Weapons of Mass Delusion,  and Vietnam I supposed.   

Country FIRST hippy,  love it or leave it!!!

Wed, 08/06/2014 - 14:07 | 5054936 PrecipiceWatching
PrecipiceWatching's picture

I hope a useless little douche like you is taking his hilariously ignorant and incessant anti-American pot shots from some shit hole outside the borders of the United States.

If not, why DON'T you leave.

Surely you can see that we are too indoctrinated to change, and you are SO MUCH BETTER than dumb Americans, so why waste your time among a people you clearly hate.

Sad, puny shit you are. 

Wed, 08/06/2014 - 14:13 | 5054967 NOTaREALmerican
NOTaREALmerican's picture

And get a goddamn haircut, you look like a girl!

Wed, 08/06/2014 - 13:35 | 5054768 PrecipiceWatching
PrecipiceWatching's picture

Most of us "folks" here in the US bitch about BOTH:

Theft from the US taxpayer to aid able bodied, lazy ass individuals, AND crony-based corporations who want to be shielded from the disciplining rigor of the free marketplace.

Wed, 08/06/2014 - 13:44 | 5054813 NOTaREALmerican
NOTaREALmerican's picture

And don't forget the OldFarts getting the hip-replacements surgeries they are entitled too.    And the poor farmers who need protection from the rigor of the free marketplace.   With 50% of the nation living off the government "bitching" about OTHER people on welfare is kinda laughable. 

Wed, 08/06/2014 - 14:01 | 5054910 PrecipiceWatching
PrecipiceWatching's picture

And a little, invariably negative, know-nothing punk like you knows exactly how much these "old farts" have been taxed throughout their long working lives?

How the fuck do you know whether they are "entitled" or not?

 

 

 

 

 

Wed, 08/06/2014 - 14:05 | 5054925 NOTaREALmerican
NOTaREALmerican's picture

Because I'm one of the people being taxed to pay for these worthless losers who should just do the honorable thing and die.    SS and Medicare are a pay-as-you-go ponzi scam. And, ALL free-enterprise loving capitalist OldFarts living off of either should be ashamed of themselves.  

Wed, 08/06/2014 - 14:11 | 5054961 PrecipiceWatching
PrecipiceWatching's picture

Smegma.

Let's cut to the chase: Everyone is a "worthless loser" not worthy of another breath, but you.

Wed, 08/06/2014 - 14:13 | 5054971 NOTaREALmerican
NOTaREALmerican's picture

No,  only those living off the government who don't admit it.

Wed, 08/06/2014 - 14:35 | 5055103 MsCreant
MsCreant's picture

You are having your buttons pushed. He (I guess, you never know who is female around here) both does and does not mean what he says. He is being ironic and baiting you by saying things he does not believe as a form of criticism. He is acting his enemies role to get you riled up. The problem is his framing. He does not care if you get it or not and is willing to leave you in the dark because he is that angry. There is a slippery slope between performance art as education/instruction and nihilism/acting out/head-gaming for the fun of it.

Wed, 08/06/2014 - 12:56 | 5054595 Itchy and Scratchy
Itchy and Scratchy's picture

Sum Ting Wong

Wed, 08/06/2014 - 13:12 | 5054672 Aussiekiwi
Aussiekiwi's picture

You will have to ask 'Sum Ting Wong', I see his handle actually posting on zerohedge now.....wish I had thought of that!

Wed, 08/06/2014 - 13:00 | 5054617 NOTaREALmerican
NOTaREALmerican's picture

Wait a sec...   It IS working.   The top 20% in Japan are doing as well there as here.   They don't care about their Trash Class anymore than we do. 

Japan is a nation of winner-take-all survival-of-the-fittest too.    Not a bunch of worthless losers.  

Wed, 08/06/2014 - 13:02 | 5054621 agstacks
agstacks's picture

"The fact is that this is a stimulus to the economy - ask any economist. Unemployment benefits are spent immediately, injecting demand into the economy and creating jobs."

-Sen. Botox

Thu, 08/07/2014 - 02:16 | 5057673 StychoKiller
StychoKiller's picture

"The fact is that this is a stimulus to the economy - ask any Witch Doctor. Unemployment benefits are spent immediately, injecting demand into the economy and creating jobs."

-Sen. Botox

FIFY

Wed, 08/06/2014 - 13:04 | 5054634 ekm1
ekm1's picture

Actually Abenomics is full success.

The intent of it is to push old japanese die faster since they are a burden on the sytem now.

 

That is clearly under way.

Program is quite successful

 

Note: I am not joking

Wed, 08/06/2014 - 14:17 | 5055001 NoDebt
NoDebt's picture

"Note: I am not joking"

I didn't think you were.  Maybe they could just put them out on ice flows when the polar ice cap finally reaches Hokkaido during all this "global warming".  Give 'em each a spent fuel rod from Fukushima and push off hard.

 

Wed, 08/06/2014 - 13:04 | 5054635 yogibear
yogibear's picture

Plus record number of vacant homes.

Abe wants to stimulate home building. 

Japanese ghost cities next?

Wed, 08/06/2014 - 13:04 | 5054637 buzzsaw99
buzzsaw99's picture

that's only like 1.3% of the total population.

Wed, 08/06/2014 - 13:07 | 5054646 NOTaREALmerican
NOTaREALmerican's picture

Don't pop the anti-hopium balloon so soon!

Wed, 08/06/2014 - 13:10 | 5054661 suteibu
suteibu's picture

Welfare is different there, much more stringent to qualify.  And there is a social stigma attached to signing up for it.  People choose to go homeless rather than submit.  More telling about the situation in Japan is the rate of child poverty which is 16% and rising, one of the highest of all developed countries..

Wed, 08/06/2014 - 17:16 | 5055956 TrulyStupid
TrulyStupid's picture

Still have a way to go to catch the US at 23 %

http://www.globalresearch.ca/child-poverty-in-america/5342695

Wed, 08/06/2014 - 13:10 | 5054667 Itchy and Scratchy
Itchy and Scratchy's picture

Ho Lee Fook!

Wed, 08/06/2014 - 13:36 | 5054783 max2205
max2205's picture

There ya go....

Wed, 08/06/2014 - 13:13 | 5054681 firstdivision
firstdivision's picture

So ummmm yeah....about all those people leasing/buying cars...guess most just leave them in their driveways http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M

Wed, 08/06/2014 - 13:14 | 5054683 q99x2
q99x2's picture

Buy The F'n Dip bitchez.

Wed, 08/06/2014 - 13:13 | 5054684 world_debt_slave
world_debt_slave's picture

feeding off others, the keynsian way

Wed, 08/06/2014 - 13:14 | 5054687 The Most Intere...
The Most Interesting Frog in the World's picture

Debt funded free sushi!

Wed, 08/06/2014 - 13:18 | 5054704 world_debt_slave
world_debt_slave's picture

a la fukishima

Wed, 08/06/2014 - 13:37 | 5054788 nosoeawe
nosoeawe's picture

What the hell does the Japanese govt give out to welfare recipients, more rice?

Signed,

Yellen the modern day Ethel Greenglass Rosenberg 

Wed, 08/06/2014 - 13:38 | 5054796 Mr Giggles
Mr Giggles's picture

l'll have the Fukashima sushi suprise & a fortune cookie to follow.

Wed, 08/06/2014 - 13:56 | 5054886 The Phallic Crusader
The Phallic Crusader's picture

The nips need to start taking testosterone, lifting weights, and fucking human women.

 

After that, most of their shit will get sorted.

Wed, 08/06/2014 - 14:33 | 5055088 saveUSsavers
saveUSsavers's picture

Abe and the Fed are FINANCIAL TERRORISTS decimating savers to reward debtors, CRIMES vs HUMANITY, nothing less !

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