Jump to content
one...two...tree

Ruling Party Is Routed In Japan

 Share

10 posts in this topic

Recommended Posts

Filed: Country: Philippines
Timeline

TOKYO, Aug. 31 -- Breaking a half-century hammerlock of one-party rule in Japan, the opposition Democratic Party won a crushing election victory Sunday with pledges to revive the country's stalled economy and to steer a foreign-policy course less dependent on the United States.

.....

Japan was the postwar wonder that grew into the world's second-largest economy. But it became enfeebled and directionless in the latter years of the LDP's long watch, with stagnant wages and sputtering growth, the worrying rise of the world's oldest population, and a monstrous government debt that will soon double the gross national product. Unemployment set a record last week, and the economy shrank for much of the past year at nearly twice the U.S. rate.

http://www.washingtonpost.com/wp-dyn/conte...9083000854.html

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Brazil
Timeline

so japan hates republicans too?

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

Link to comment
Share on other sites

so japan hates republicans too?

Don't tell me repubs screwed that country too? :lol:

Edited by haza

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Brazil
Timeline
so japan hates republicans too?

Don't tell me repubs screwed that country too? :lol:

i'm sure it will be blamed on them too somehow.

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

Link to comment
Share on other sites

and dr. demming ...

Too bad people here laughed at his ideas. Who's laughing now though.

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Link to comment
Share on other sites

Filed: Country: Brazil
Timeline
and dr. demming ...

Too bad people here laughed at his ideas. Who's laughing now though.

hope you're speaking for yourself (cause you're here now too) ... :P

the concepts are just too easy. heck some people follow these concepts in everyday life outside of work.

Edited by Natty Bumppo
Link to comment
Share on other sites

and dr. demming ...

Too bad people here laughed at his ideas. Who's laughing now though.

hope you're speaking for yourself (cause you're here now too) ... :P

the concepts are just too easy. heck some people follow these concepts in everyday life outside of work.

Yeah a good 50 years later. At the time he implemented them, he was ridiculed for these ideas by those over here.

Japan is one of my favorite countries. I'd probably live there if I knew the language.

Edited by haza

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Link to comment
Share on other sites

Filed: Country: Vietnam
Timeline

Wait a minute. Wasn't Japan one of the countries they decided was already out of the recession? Is this about Godzilla?

20-July -03 Meet Nicole

17-May -04 Divorce Final. I-129F submitted to USCIS

02-July -04 NOA1

30-Aug -04 NOA2 (Approved)

13-Sept-04 NVC to HCMC

08-Oc t -04 Pack 3 received and sent

15-Dec -04 Pack 4 received.

24-Jan-05 Interview----------------Passed

28-Feb-05 Visa Issued

06-Mar-05 ----Nicole is here!!EVERYBODY DANCE!

10-Mar-05 --US Marriage

01-Nov-05 -AOS complete

14-Nov-07 -10 year green card approved

12-Mar-09 Citizenship Oath Montebello, CA

May '04- Mar '09! The 5 year journey is complete!

Link to comment
Share on other sites

Filed: Country: Philippines
Timeline
Wait a minute. Wasn't Japan one of the countries they decided was already out of the recession? Is this about Godzilla?

Japan has been suffering stagnant economic growth and a series of recessions for more than 10 years. How has a country once seen as the ruler of the 21st century come to such a pass? And what, if anything, can the government do about it?

Japan is still suffering from an economic crisis that hit the country in 1989-90, when the "bubble economy" of high land prices and high stock market prices collapsed.

Both banks and businesses had much of their assets in either land or in cross-shareholdings with companies to which they were allied.

Suddenly, these assets - and therefore the debts on which they were secured - were wiped out.

As a result, banks became burdened with bad debts and lending to companies for expansion dried up.

Gradually, companies which produced in Japan have shifted some of their factories abroad, increasing unemployment.

And as unemployment rose to record levels, people have stopped spending so freely, causing prices to drop.

This makes everyone more reluctant to spend in the hope that they might get even greater bargains in the future.

What might happen next?

Japan has been seriously affected by the world economic slowdown.

In the past, exports by its large and successful companies have helped sustain its economy, but with the US economy wobbling, this is much more difficult.

The day of reckoning for the banking sector is getting closer, with banks being forced finally to declare their non-performing assets.

In addition, Japan is suffering from a large debt overhang from its excessive government borrowing, which will have to be reduced to lower long-term interest rates.

What has the government tried to do?

The government has repeatedly tried to stimulate the economy by spending money on public works.

The result has been some very well-equipped - if often unnecessary - regional infrastructure projects, but relatively little of the money spent reached those who have been made unemployed.

Much of it has in fact gone into the coffers of Japan's huge construction companies, which have very close links to ruling party politicians.

The spending has kept them afloat; without it many might already have gone bust. As it is, the first domino fell in December 2001, as Aoki Construction went under with debts totalling 522bn yen ($4bn).

And the massive outlay means government borrowing has reached 130% of GDP, higher than any other industrialised country.

This means that in the long run Japan will have to reduce its spending levels, at a time when it is facing increased pressures from an ageing population and the increased cost of health care.

And that could prove politically painful.

Can lower interest rates help?

Japan already has near zero interest rates.

It has now said that it will also buy Japanese government bonds to help boost the money supply

But despite the low interest rates, with the worsening economic prospects it is not easy to persuade either consumers or companies to borrow more money.

And long-term interest rates are dragged down by the huge government debt burden, despite the low overnight rates.

What are the prospects for reform?

The Japanese government says it is committed to structural reforms like eliminating its budget deficit and forcing the banks to declare the real extent of their losses.

But its reform programme has been made difficult by the severity of the downturn.

Making more banks insolvent could prolong the economic slowdown and eventually cost the government a lot of money if it has to assist with the bail-out.

And cutting government spending is a tricky political process.

The incumbent Prime Minister, Junichiro Koizumi, is known to be a reformer, and he has stressed his determination to press on with economic reform even if it means short-term hardship.

But there is little evidence so far that Mr Koizumi's words are being put into practice.

http://news.bbc.co.uk/2/hi/business/2193853.stm

Edited by Col. 'Bat' Guano
Link to comment
Share on other sites

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...