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Japan's Abe Unveils New 'Arrows' Wish List: 20% GDP Growth, Higher Birth Rate, & Flying Pig
Having completed his militarist plans, Japanese Prime Minister Shinzo Abe appears to have gone full fantasy-tard with his latest "plans" for the demographically-dead and debt-destroyed nation. "Creating a strong economy will continue to be my top priority," Abe said, a goal he has stunningly under-achieved as Japan heads for its 5th recession in 4 years, but, as Bloomberg reports, it is his new "arrows" of economic hope that has left analysts scratching their heads - 20% economic growth (when its gone nowhere for years), a higher birth rate (as the aging of the nation accelerates and interest in sex plunges), and allegedly a goose that lays golden eggs (well why not?). The collapse of Abe's approval says it all about his 'plan'.
As Japan heads for a Quintuple Dip recession...
Abe proposes three new policy pillars without tying them to his previous plan. As Bloomberg reports, it has left analysts scratching their heads...
Speaking Thursday after his reappointment as leader of Japan’s ruling party, Abe unveiled three new "arrows" of his so-called Abenomics plan -- a strong economy, child-care support and social security. When he took office in 2012, he had championed another trio -- monetary stimulus, flexible fiscal policy and structural reforms.
But with the new policies sounding more like objectives rather than measures to achieve them, the risk is this fresh framework muddies his communication battle to encourage Japanese households and companies to spend rather than save.
"Investors like details, but all he’s done is announce targets," said Mari Iwashita, chief market economist at SMBC Friend Securities Co. in Tokyo. "The growth strategy, one of the original three arrows, has branched off into three new arrows."
Speaking to reporters Thursday, Abe avoided mentioning monetary or fiscal policy, as well as tricky regulatory reforms that many economists say are already too slow. Instead, he focused on his new three objectives:
- A strong economy, with a new gross domestic product target of 600 trillion yen ($5 trillion), up from the current 500 trillion yen. He gave no time-frame for achieving this goal.
- Increased support for families with children to help increase the fertility rate to 1.8 births per woman, up from 1.43 in 2013.
- Social security, including help for those who combine work and care for elderly relatives.
As The Wall Street Journal notes, however, while Japanese stocks have boomed, business spending and private consumption have remained anemic over the past year, indicating that neither businesses nor consumers have regained confidence in the long-term outlook for Japan’s economy.
Economists also point out that the goal could be seen as a repackaging of long-standing annual targets of 2% real growth and 2% inflation over the next five years.
* * *
But, with the population aging rapidly...
And interest in sex and reproduction dwindling...
Abe said Thursday he would combat the demographic woes facing Japan, whose 127-million population is aging and shrinking, threatening its status as the world’s third-largest economy.
He certainly needs to do something...
"We will put the brakes on the trend toward an aging population and the falling number of children and keep the population at 100 million 50 years from now," Abe said at party headquarters in Tokyo, without spelling out how this would be achieved.
Many economists and investors believe structural changes, or the “third arrow” of Abenomics, are key to unlocking robust growth in Japan. But they have mostly been disappointed that Mr. Abe hasn’t gone far enough in implementing those changes, and say he isn’t likely to pick too many fights before next year’s election.
* * *
But it appears the public has finally begun to see through all the promises...
"His intention to tackle the demographic issue is good," said Masamichi Adachi, senior economist at JP Morgan Securities Japan. "I’m totally in agreement with that."
Even so, the former Bank of Japan official said that the growth target isn’t meaningful as Abe didn’t explain how, or even when, he hoped to achieve it.
* * *
More hopes and dreams sold to an aging gullible public and supported by a Central Bank that is nearing its limit of asset-purchasing.
Charts: Bloomberg
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... and allegedly a goose that lays golden eggs
Well, Abe’s goose lays only pieces of shit. ;-)
Looney
Father Abe....tell me another lie I can believe is the truth.
The Nikkei 225 came within a gnat's eyelash of the multi-year support line on Thurday. If it breaks below that the first strong support is at 14,000. Minor supports at about 16,400 and 15,000. The sucky thing about blowing artificial bubbles is when the pop they pop big.
Zoo animals and other creatures held in captivity often fail to reproduce and prosper. It's a condition called "failure to thrive." It is caused by creating poor conditions that are alien to the species. Western countries are there. Social engineering, rewarding the lazy, stripping the citizens of their hard earned labor, feeding them junk food, and promoting perversion have created a failure to thrive.
And you all thought Janet had problems with a stroke yesterday.
Channeling Lewis Black, waving hands all over spitting, eyes rolling, cursing ....
BTW, on another planet:
After the stampede which killed over 700 people, the Saudi king has said this kind of thing should not be happening in 2015.
He then went on to say those in charge of security are to be stoned to death and their families sold into slavery.
Atheism would prevent such disasters - and many others.
Quite right! -- MUCH more sensible to have Government ordering our lives instead of religion.
Look how well China’s doing!
The insanity is strong in this Abe
In atheism there are only stampedes when the moldy potatoes arrive at the empty grocery stores. The comrades who have been in line all morning may run over each other like a Walmart Black Friday.
"Abe appears to have gone full fantasy-tard with his latest "plans" for the demographically-dead and debt-destroyed nation."
Demographics are bad and there is a lot of debt, but Japan's greatest problem was glossed over.
THEY NUKED THEMSELVES!!!!!!!!!!!!!!!!!!!!
On one of Japans many QEs they gave cash to Mothers with children. They hoped that Helicopter version QE would infuse money into the system. The mothers paid down debt and put the rest in the bank.
They'll subsidize whores who get pregnant. They'll be new tourism ads, "come to Japan and get laid and have a kid!! We'll take care of it".
… they could call ’em
“drop-Anchor Babies”
The ONLY way Japan gets an increase in population is to go to war with South Korea and take a bunch of Korean females back to Japan for "comfort girls"
The Mouse Utopia Experiment explains what has happened in Japan well. It's happening in other developed economies as well, but is hidden by the large inflows of 3rd world immigrants.
Everybody fuck!
Everybody's fucked.
;-)
At least we have a Muslim as President and know why he is destroying the nation. Abe must be a bankster or suffering from Fukushima fallout.
If the Japanese polticians were smart, like Barry, they would import 100,000 angry young Moslims into their country and re-population would take place lightning speed. They would jump on those Japanese babes in a second.
...senior economist at JP Morgan Securities Japan.
lolololololololololololololololololololololololol
WE CAN FUND OUR GOVERNMENT!
(here's how ...)
https://www.youtube.com/watch?v=iKS-pcyNERQ&feature=youtu.be
https://petitions.whitehouse.gov//petition/generate-revenue-new-and-inno...
Any japanese man with any honor whatsoever had traditionally carved-up their midsections with sushi knives long before the shame got this bad...
They have. That's why their population is tanking. All that's left are hyper-consumerised women and man-boys singing drunk kareoke and playing video games.
FLYING PIGS FOR EVERYONE!
^^^ Keynesian Logic
There's money to be made in firing crony scum into space on poorly designed rockets ...
(with no space suits)
https://www.youtube.com/watch?v=iKS-pcyNERQ
https://petitions.whitehouse.gov//petition/generate-revenue-new-and-inno...
20% a year equates to a doubling in 3.6 years.
Sounds sustainable to me! ;-)
Unbelievable the crap spouted by these fucks
Unbelievable how many fall for it.
Good thing there's beer and rum.
Dear Santa,
I would like a skittle shitting unicorn that also lays golden eggs and turns to gold, everything that it touches for Christmas.
Thank you ahead of time Santa, I still believe in you, unlike the Easter Bunny and Tooth Fairy, who failed me miserably this year...I promise to be good from now on!
Abe
Just usher in the Brave New World already and pay young women to have babies since we don't have the technology to grow them in bottles yet.
… we probably DO, it’s just that no one’s worked out a way to turn a profit on it yet.
What a dumbfuck Abe is. He's got 12 months at most before people start to revolt.
Deluded/delusional would be more accurate, I think.
Rioting and chaos are what's coming, not revolution.
It would appear that all who think they have prepared for the worst will soon have their personal theories tested.
Keep your head down and hope for the best!
"Creating a strong economy will continue to be my top priority," Abe said
Roaring laughter ensues.
You do that Abe and I promise to visit heaven, quit drinking, persuade people to give up porn, and convince a liberal that Obama was a horrible president. I'll see you in hell.
The Japanese seem to cling to false promises as much as anybody else.
They swallow the bull shit as much as whale blubber.
The island is poisoned and their leader is a jackass.
Talk is cheap, Abe.
As long as you print money out of the ether, and your young Men marry avatars and birth control pills flow like pachinko balls to the young Women the sun will continue to set on Japan.
Nothing wrong with birth control.
Why bring any new serfs into the world.
Both my kids say they couldn't, in all conscience, bring a child into the madness that is today's society.
Kinda sad, but at least they are thinking about it.
I'd have to agree with them.
The only "success" the Keynesian neo-cons achieved by priniting a gazillion dollars worth of fiat is that a) the system has not collapsed in an "obvious" way and b) the cronies have skimmed a good percentage of wealth from the still unsuspecting sheeple during that time. Great, f-ing great.
It's really all doable! Get a million horny Syryan refugees over there!
I will do my part and fly to Japan and fuck as many hot asian chicks as possible.
Of course I've already had a vasectomy, but fuck it if I will tell them in advance.
those hot asian chicks in your bukkake downloads will thank you just to cum in the right hole
I take it by "right hole" you mean the left nostril.
… I always wondered what Japanese men did with such small dicks.
you know this because?
#japanesedicks@instagram
Spent some time in Japan while in the Navy. Those Japanese chicks were not all that hot. Flat asses and faces just did not do it for me. The Chinese babes in Hong Kong on the other hand were way hotter.
A bit of depopulation is ok, just imagine how crowded cities there are. Plus they won't be needing as many nuclear plants. Problem of course is how to deal with the welfare state, but I'm not too worried about it, once it breaks down and people know the state won't be able to take care of them once they're old they start having babies again. It's all a cycle...
Japan has proven that the low interest rates do not stimulate an economy. This experiment has failed.
How much more "stimulation" can the economy take?
Looking at that graph of GDP growth, the best pattern that fits it is a ever diminishing sine wave, they've pushed hard on growth, but every time they get a crash and a ever smaller positive result.
The end result appears to be it flat lining, however at that point gravity will take over because once the ever declining purchasing power of the currency is factored in the 0% growth turns into a ever declining economy, and when even the dumb money sees that everyone will be trying to cash out before the Yen becomes worthless.
I have to admit I am amazed at the arrogance of central bankers though, you would think they would be forever concerned with keeping the perception of their currency being valuable because that is all that fiat currency relies on, but with zero/negative interest rates and running the printing presses they are hell bent on the very opposite, recreating the Weimar republics great mistake.
Using condoms is illegal
And no more ass fucking
Blow jobs are illegal
All fags are being deported.
Jerking off is a felony.
Cumming on her face will get you 1 to 5. And a $5000 fine.
Threesomes allow a 3k tax deduction.
Get free membership at any sex club. But you have to fuck someone everyday.
Sam Kinison…
Abe sounds like he has a plan.
Taking women out of the work force to bear children, and sending Japanese men overseas to fight wars for the USA ought to boost GDP.
Of course, removing financial disincentives to have children is a no-no (e.g. high school education is not free), as is lessening immigration restrictions another non-starter. Nor to be considered is the radical notion of fashioning a sustainable society and economy that doesn't require an expanding population to be meritorious.
Anyhow, now that Fukushima is no longer a concern, restarting and building new nuclear reactors should also be part of Abe's plan for a glowing future.
Have ZH readers and commentators gone full retard?
I have asked ZH readers repeatedly to watch the movie Princes of Yen.
https://www.youtube.com/watch?v=p5Ac7ap_MAY
Tyler's ...you aren't learning either. Make the effort and watch the movie, or buy the damn book and read it. Inane comments in the comment section aren't helpful. What the BOJ did purposefully caused many suicides in Japan, and now they have low birth rates.
If a population is in debt, or cannot form families, they will not have children. This is espcially true of advanced ice age people, who have a long term horizon - who do long term planning. The money system has tremendous implications, as populations can grow geometrically, and they can decline geometrically. 1,2,4,8,16,32,64,128,256,512,1024,2048 . This sort of doubling means rapid declines and a vanished civilization is implied in low birth rates.
Debt money sytems are killers of advanced humans.
Prior to BOJ blowing the property bubble, Japan directed their credit using CREDIT WINDOWS.
Credit as money should only point at GDP activity, as it has usury demands at its inception. GDP action is growth and this growth is required to pay demands of debt type money.
The post war miracle up until bubble was due to CREDIT GUIDANCE WINDOWS. Japan's post bubble period are bad debts that were never wiped from the books. QE props up asset prices, including real estate, and hence is not the right medicine to fix post bubble collapses.
Note: A sovereign money system that has proper Georgist type rent taxes, would never have a property bubble. And if it somehow happened, there are no counterparty creditor claims, so no dominoes of contagion.
So, pay attention, not only am I identifiying the problem, I am offering a solution.
Although, I'm sure with the comments I'm seeing lately, the average reader doesn't have the mental digits to understand what I am saying. Replacing a high IQ Japanese civilization with dullards is yet another knock on effect of debt money systems. Dullards are often low IQ R type breeders, who don't care about the future, only screwing today matters.
www.sovereignmoney.eu
Bravo! You have just described the whole of Washingon, Wall St., and Corporate America in one fell swoop (low IQ R type breeders, who don't care about the future)
Lie often (ahem make bold promises and statements) and the bigger the better and people will swallow it whole. It's incredible how he gets away with it. Obama did it too with his promises of change and specifically how he will lower healthcare costs by thousands of dollars annually for families as just one monster example of many. It's a sure fire recipe for success in this world. Too bad God is watching and will spoil this party. Till then party on! It will be fascinating to see how it all shakes out in the end.
… if only it didn’t have to
shake out all over ME !
Reading this e-blurb, I am reminded of that 80's film with Michael Keeton as a union steward working for "Assan Motors", a Japanese automaker bringing a plant to an old American rustbelt burg...
He tried to manage both the Japanese corporate leadership and his fellow home-grown Union boys at the same time, claiming to be telling THEM (Japanese) how it's gonna be round here...while in actuality, it was the Japanese telling HIM how it's going to be.
The circumstances Abe is claiming to manage is really managing him.
I wonder if he (and we) comprehend just how immense what has been created truly is?
Does he really believe himself?
m
Ha! Who says you have to be an 'American' to be a Moron?
Is it Abe that wants to be the flying pig?
I'd be honored to donate some top-grade seed to the Japanese cause. Only requirement is all expenses paid and I get to choose my targets...