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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drinkin koolaid's picture

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

SoberOne's picture

Exactly! Enslavement through dependence.

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

yogibear's picture

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

remain calm's picture

Bullish. Buy the 10 year JGB

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...

syntaxterror's picture

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

remain calm's picture

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

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!

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.

Herd Redirection Committee's picture

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

CheapBastard's picture

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

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.

NOTaREALmerican's picture

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

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.

NOTaREALmerican's picture

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

Ask the sub-human Chinese who died in WW2.  

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.

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.

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.

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. 

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;-)

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.

 

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!!!

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. 

NOTaREALmerican's picture

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

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.

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. 

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?

 

 

 

 

 

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.  

PrecipiceWatching's picture

Smegma.

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

NOTaREALmerican's picture

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

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.

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!

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.  

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

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

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

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.

 

yogibear's picture

Plus record number of vacant homes.

Abe wants to stimulate home building. 

Japanese ghost cities next?

buzzsaw99's picture

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

NOTaREALmerican's picture

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

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..

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

q99x2's picture

Buy The F'n Dip bitchez.

world_debt_slave's picture

feeding off others, the keynsian way