I wrote several times in the past, the US debt downgrade by this time of the S & P,
"America is finally to default!"
It is not a story like. Rather talk a true reverse, in private (such as households) is striving to reduce debt, even the government is no longer Fumikire to the "necessary fiscal stimulus", the US economy has come out is a possibility to continue to "deflation" in the sense that, you not think that it is extremely serious.
Zero interest rates, despite the expansion of quantitative easing, private economic agents do not borrow money. Originally, not borrowed money under the "zero interest rate", to push forward the repayment of debt, under the capitalist economy is irrational talk. If each person is considered a "maximization of profit", in particular.
But after the collapse of the bubble economy, ie slumped asset prices on the balance sheet of each economic entity, if it fell into insolvency state, story will come like a change. After the collapse of the bubble, rather than the maximization of profit, each private economic entities, what that appropriated the surplus and earnings of income to the reduction of debt, we will talk about that rational.
The story of this neighborhood, "in economics revolution reconstruction bonds 28 trillion yen Japan's large revival! /" Talk this with Kinoshita Eizo teacher, please refer to.
While private economic agents continue to repay the gang debt, the government may not be able to expand the budget deficit, the national economy will come out the possibility of falling into serious deflation. A result, long-term interest rates rather sluggish, is why the rating of government bonds becomes meaningless by the rating agencies.
Also continue to increase the government debt, also rating agencies repeatedly downgraded, long-term interest rates in that country will not rise. After all, as a result of households and companies began to focus on debt repayment, because private capital demand has got depleted.
Further, after the collapse of the bubble, private economic agents such as households and companies, will continue to expand savings (debt repayment and deposit) let alone borrow money. A result, it is not will be going accumulated excess savings is a "money that is not turning in operation" on the basis of financial institutions such as banks.
Domestic and private sluggish demand for funds, more than that is full of excess savings in the hands of the bank, when the government tried to issue government bonds, it will be able to digest at very low interest rates. Anymore, but evaluation of the rating agencies would be, but would be AAA CCC, it is does not matter.
"Super-sluggish" what of the above deflation serious and long-term interest rates, it is what is referred to as so-called "Japanese disease". Confusion over the federal debt ceiling hike this time of the United States, and the S & P downgrade of the US was to the surface of the possibility of suffering from the disease in Japan.
FIG Japan and Trends in American long-term interest rates (unit:%)]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_34.html#nichibeikinri
※ This month's number is a point August 15.
American long-term interest rates, fell rather after the downgrade of S & P, in this state is the first time in history likely to cut 2%.
Shadow of creeping US "Japan of" - "downgraded, zero interest rates
http://jp.wsj.com/Economy/node_289375
Government bonds are downgraded, zero interest rates is followed by the next two years -. US bond investors to confront the new reality is trying to learn from Japan's experience.
This month the 5th, Standard & Poor's (S & P) has downgraded the US long-term debt from the highest grade of triple-A, it announced that the US Federal Reserve Board in the 9th (FRB) will continue at least until mid-2013 the zero interest rate policy It did. Since then, it started the bond traders to review of the operational model, a lot, trying to lose the credit rating of triple-A in 1998, capitalize the Japanese experience to continue the near zero interest rate policy in '10.
Movement to compare the United States and Japan was also in the past. However, traders and investors, a common point of Japan and the United States have pointed out that there is no thing that became prominent so far. (Snip)
Strategist, the yield on US Treasury 10-year sees that there is a possibility to interrupt the 2 percent from the current 2.23% of within the next few months. '10 Bond yields in Japan has remained at 1.05% around for some time.
FRB is in response to the fact that announced the continuation of the zero interest rate policy in the 9th, also yield short-term government bonds decreased, and became Japan and the same level. The yield of 2-year bonds in Japan is approximately 0.15%, the United States is 0.18%. 1-year bonds in Japan is approximately 0.12%, the United States remains at 0.10%. (Snip)
However, have new similarities also emerged. One of them, the same way as 10 years ago in Japan, the United States is it that there is a possibility of tightening finances.
Japan's recession began in the early 1990s. Since the mid-1990s turned to economic recovery, policymakers implement the tax increases and spending cuts in 1997, as a result, Japan is to have reverted to the recession, the University of California, San Diego School of economists, Takeo Hoshi said.
The US economy the same direction as Japan, that have gone up even voice that concerned that than are heading in the direction of fiscal tightening is carried out from concerns over the budget deficit. Payroll tax cut and emergency unemployment benefits measures that had been implemented for economic recovery, such as also expires approaching, from such a concern, economists have been forced to downward revision of economic forecasts.
Star said, short term continuation of the fiscal expansion, pointed out that in the medium term are fiscal consolidation is desired, said it is not easy to achieve both.
These circumstances, it's Bernanke FRB Chairman has become in looking to be held responsible to support the economy. Chairman, so far, has been working to actively avoid deflation, while taking advantage of Japan's experience as a warning.
However, FRB also hear the voice of the little you can do with monetary policy for economic recovery.
"The United States was not committed the mistake (Bank of Japan like). However, this is a problem that can not be solved by monetary policy alone," said Kuttner said. "
Indeed, that is required in the United States (Japan is also but) is, as you say star Mr.,
"The short term will be the continuation of fiscal expansion, the medium term is fiscal consolidation."
Such I. However, (or the world) in the country who do not know the concept of the fallacy of the so-called balance sheet recession and synthesis is too much, the government forced the silly choice of "short-term fiscal consolidation", resulting in a medium-term This is why it becomes impossible to finance reconstruction.
The story of this neighborhood, at the beginning economic debate of recent channel cherry tree, had been talk is Shishido teacher.
Note: 1/3 [economic debate] rush to danger waters! ? Global economy and Japan [Sakura H23 / 8/5]
http://www.youtube.com/watch?v=jDrN7tRsUg0&feature=relmfu
That said, there is also a different point in the United States and Japan. In other words, Japan is in the current account surplus countries, the United States is the current account deficit countries. In addition, although the US dollar is the key currency, the Japanese yen is different.
When taking into account the differences in this area, after all, we are now occurring in the United States the problem is not "Japanese disease", considered to be or not to be "American disease". And what is an American disease specifically. Currently, we're going to reveal in "2012 (tentative)" in writing.
Later today, it is your post from the "common room of Uncle" Yamamoto like that link is stretched to this blog bottom.
-------- Education civil service strategy - connect JAPAN main argument of this strategy --------
1, say that to go stretched the final national wealth, while the supply and demand of chasing the "synergy drive".
2, create a vortex of economy in the Northeast in the Synergy Drive, East reconstruction and, sucked up the victims were scattered across the country, we will change the rich land.
3, just from the economic measures, who was the economic measures while subjected to education, it can be expected and growth after the end of the supply capacity, an increase in the national wealth.
4, if the supply force Nobile, just than fill the gap, can beat a lot of earthquake measures and economic measures.
5, at the same time as the education, if charged with training and human network built by the Self-Defense Forces, it is possible to place the human resources that can respond to the earthquake in private various places, it is possible to respond quickly.
6, further, performs a megalopolis of the local city efficiency and major cities group, to carry out consolidation and prosperity at the same time.
7, Fujii Satoshi teacher if Nasaru advocated a "public works physical Fukoku theory with a focus on", Yamamoto proposed a "human Fukoku theory with a focus on education."
By performing two simultaneously, it is possible to realize a "rich Japan" which Mitsuhashi teacher desires.
1, the significance of the connect (connection)
The core competence of my education civil servants "synergy drive" this time, we want to talk about whether it through going to rebuild East and of deflation in Japan how. First, it would be appreciated refer to the "[grand design of national] Uncle version" that was presented last time.
"[Grand design of national] Uncle version
So, we will immediately let the beginning.
First of all I, now, what kind of thing is as being frequently need vision "reconstruction" and "toughening", I tried thinking What if possible to realize Yare, called.
And, the main answer you put in is thought out, it is a strengthening of the "ties between people", but the construction of "trust", has arrived in the fact that.
To see the people who survived that tragic disaster, and that there was a "connection" that socializing with neighbors to each other, and helping each other, you have a number of people that were able to survive barely.
Also in the confined person, survived without being swallowed up in despair about strongly believe was the person that help is coming, you there are many cases that.
It is destroyed everything, what when you have lost all, is the essence of human toughness, and "lead it," "unity thing to", and it is possible to exert a "to believe" more than anything, pull out the strength of as a human It survived Te, and appeared to have been a revival of power.
The first place, also "economy" necessary to now victims, originally or piece of paper to be "money", various notes, stock certificates and the like to believe that it is "a thing of value", is the connection between people crystal "market" This is the act of trading in and the "distribution".
Kyoto University Professor Fujii Satoshi teacher .. looking up .., Bank of Japan and the government of the Accord (cooperation) is also, I think integrated system of after all connect (reliable connection).
If so, once again, to regain the virtues "Advanced trust" with the Japanese, why do not we try a reconstruction while regaining the essential toughness of the people.
This proposal book, while centered on connection "Connect" and trust "trust" between people, and toughening something, I think I want to said, how can we reconstruction and continue to rebuild.
2, disaster area reconstruction with a focus on education civil servants
(1), education civil servants and the
Last time, it was made lightly explain the mechanism of education civil servants, this time I would like to explain more details.
First, let's start from lightly recap.
Because education officials, hired the unemployed as "extraordinary public servant" for a limited time, receive a salary while the vocational training, to shop as a consumer.
Thus, since we increase the consumption demand without increasing the supply capacity, It was a great way to fill the deflationary gap.
Then, when the economy came more and more demand to recover, the human resources that was strengthened by receiving vocational training to private employment, is the strategy that the inflation by creating a wall of supply capacity.
Now, using that education civil servant, I think that it would like to the reconstruction of the Great East Japan Earthquake.
In the process, so I would like to also describes the "Synergy Drive", which is the true form of education civil servants, and We would appreciate it if you would read to the end.
(2), the labor force and consumer demand of profitability ignored
Well, let's get back to the description.
This education civil servant, I think at first glance some people you think "Do not vocational training," but it is a not refer to a part of the "education" of the first half, you are missing part of the "public servants" in the second half.
It is and says what it, and the last because it has been educated in the position of "public servants", it's what it referred to as "issues an instruction as a civil servant, thereby it is able to comply."
In, Not likely out of the instruction.
And "the rubble processing and dissemination work in the affected areas thoroughly accomplished, whether complete reconstruction of the East".
If this, without worrying about the efficiency and supply and demand competition, you can perform any number of tasks that can not be taken at all profitability.
Those that say that the private sector, since it issued a profit is the first employee salary can pay organization, it is what you do not want to do the work that is not profitable.
Moreover, since must seek efficiency, you can not you are not going to money, even you know.
However, if civil service, so you can work with profit ignoring, it is a disaster area from the corner to be able to thoroughly repair to the corner.
In yet hire the local people as a treatment counselor, while achieving the "hometown reconstruction desired by the community", you'll be going rich also affected areas.
With further say, so they become one consumer if go home, can we buy the goods of local businesses that are trying to rebuild the industry in the affected areas, and will keep you become a "good local demand."
(3) construction of education demand and community
Well, in education public officials there are aspects of "education" to another aspect of "public servants".
In this section, we would like a description of the education.
Education civil servants, "education" public servants serving reason, not just public servants only hear the government order, it is because education to employment future, in other words "vocational training" has been taken into account.
Using this vocational training, and just beyond the mere reconstruction workers, let's go the Nurturing and technology development and technology inheritance of future demand.
To do this, we come to need an excellent educators and educational institutions.
That it is, private nobody hurt, which means is born that education demand that is out of the government of the pocket.
Therefore, in private educational institutions that are suffering now declining birthrate, Chaimashou ordered vocational training.
That way, the private sector lack of demand also compensate, you will be the next generation of young people is highly accurate education is received.
In addition, now, and hire workers 40s 50s that are unemployed while having a higher technology as a lecturer, Let her have the inheritance of higher technology to the younger generation.
On which to reduce the unemployment rate, and the holding and inheritance of technical skills, you will be able to grow the forces of order to win the international competition of the next era.
Moreover, in order to raise them, "educator demand" and, such as "janitor demand" for the care, secondary demand for training is also expected, it is possible to create a labor demand in most of the generation of workers You.
Education civil servants spawned the education demand while the reconstruction work along with the local residents, can you become a consumer as big spenders of the community if go home.
Why do not you draw a diagram of the mutual relationship of supply and demand with an emphasis on community. In addition, this system also spawned regional networks and inter-generational communication.
(1), of education civil servants and processing instructor consisting of a local residents' communication through the work "
(2), of education civil servants and higher technicians of 40-50-year-old "communication through education"
(3), "Communication through the consumption" of local shops and education civil servants
(4), of the elderly janitor and education officials dorm "communication through the gatherings"
Education civil servants as asked, an isolated and revived the disparate intergenerational communication to, and does not Aim "Building a connection" in the new community or. And more, local companies also let involving in this wheel.
Education civil service strategy the second half, because the economic recovery has been made by consumption, companies will be that is a labor shortage.
So the employment of the company to enter the training in the form of "employee training", it may need once you a job as it is.
Companies in doing so can ensure the human resources, the government expected the unemployment measures and increased tax revenues, you can people also get a stable employment.
Then, in the company who will well cooperation, if to implement the cooperation corporate tax cuts, the participating companies is continuously increasing, employment of education civil servants also more and more can be secured, cans had been cut off and the cooperation and discussion of private sector It also will be able to revive the place.
As a center of education civil servants, local businesses and educational civil servants, thus the community work together to become one, we will aim to reconstruction.
Fifth of communication "communication through the work of local businesses and education civil servants" is satisfied here.
Well, I will talk to you a little sad from here, but I want to talk of quasi-education civil servants.
It is that of disaster orphans who lost their parents in the disaster.
Lose parents even now, poor benefits orphans that connect their lives in only will have more than 1,500 alone has been found.
Against them, national and local communities becomes loco parentis, watch, it should grow.
In this time of education civil servants, and at the same time liven up the economy by increasing the employment and demand, and employs orphans us as a quasi-educational civil servants, until the adult, let's subjected to a school education in the form of government hire.
Of course, not just, you asked to doing the public service about five years to see the folding from adult.
Not a gift, it is proposed that it should take the form of a prior investment to the children who are the future.
Them that lost the connection, national and community reach out, able to foster in the connection, we think the road that leads to toughening and reconstruction.
In addition, issued a subsidy the company employee suffering from depression and mental illness as "dormant employees", by introducing a dormant Employee System, let's aim is also strengthening the supply capacity preserve.
Now, company employee that is causing the depression and health problems at work too has increased.
So as a government economic stimulus measures, we give them subsidies.
In other words, to give a paid in their subsidies, and I get a rest for a while.
Of course, not only get just resting, such as employee training and technology learning, according to the recovery of mind and body, her have doing the rehabilitation and supply strength training, as soon as the economic recovery, it is to supply force by return get.
By doing so, it allowed to mitigate the current oversupply state, it will be possible to respond to future supply shortages.
In addition, since taking the paid in government subsidies, but also to the inflow of funds outside the market.
Since the management also floats dormant employees worth salary, such as the reduction of remuneration up and employee maintenance costs of other employees, management becomes easier, it should be welcomed.
Through education civil servants, while the rescue and nurture strong human resources in the education, and foster ties of society.
If the economy is a comprehensive strength of the people, the salvation of the human resources that are weak, we will strengthen, that extend the human resources extending my best, I think that it is important.
This "toughening of human resources," what, but I think it's the concept that leads to Fukoku theory Mitsuhashi teacher is in your thoughts, how might it be.
So, next time, I would like to describe the nucleus become core competence "Synergy Drive" of education civil servants.
Point in this chapter
1, education officials system to balance supply and demand while hiring people
2, use the part of the "public servants" of education civil servant, was rubble processing, and the area rebuilt in personal consumption.
3, use the part of the "education" of education civil servants, were allowed to vocational training, begin to lay the employment and education demand.
My Blog List
Thursday, July 9, 2015
Thunder
Today, it is [the best! Ability of the Japanese economy in the world] Date of http://www.amazon.co.jp/dp/4759311947 Kairyu-sha.
This document, GDP and balance sheet, net foreign assets, such as the current account, and explains in an easy-to-understand terms that you do not know well in spite of the dance in the newspaper, shows each of the "relationship",
"Why, Japan or not to financial collapse?"
"Why, long-term interest rates in Japan (the rating is low split) or the world the lowest of the?"
"Why deflation is continuing in Japan? Is it How can I to escape from deflation?"
It is intended to answer questions such as. Was higher demand from the previous, the economy it is not familiar (especially women),
"More easy-to-understand, the economy Reference!"
It is intended to respond to requests that. Humbly, thank you.
Here and there, thunder has over roar.
"World stock prices of aspects, US bonds rise - US gold in downgrading the past maximum value
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=au6jUZ0j_5ng
In the financial market of the 8th including the United States worldwide stock decline. S & P500 kind stock index was the largest decrease in the bear market later in 2008. On the other hand US Treasuries rose in, gold has put a record high value. In the United States of downgrades by the US rating agency Standard & Poor's (S & P), it has deepened concerns that the economic slowdown is worsening. The Dow Jones industrial average 632 dollar and plunge. About 2.5 trillion dollars in the market capitalization (about 194 trillion yen) is lost in the stock market of the world. (Koryaku) "
The downgrade of S & P, fall the stock market to collapse state, interest rates of US Treasury has fallen into ironic situation "rather go down." At least in the case of Japan and the United States of such a country, the economy becomes a recession, when the stock price falls, capital flows to government bonds. Result, but is not government bond interest rates would be lowered, the current rating system for factors that government bond prices rise due to "recession and deflation" (= government bonds lower interest rates) also, I do not know whether that factored.
For example, if Orikome a "deflation" in carrying out Japan's rating, the private sector has fallen to lack of funds demand, (but is not it a good thing) that is has become easy to flow money to government bonds result, Japanese government bond rating It should continue to rise rather. (The mechanism of this side is, Come [most! Ability of the Japanese economy in the world] Kairyu-sha)
The other day, the channel cherry program,
"Does not occur, such as the default of the United States government bonds. Rather, even the government in the lack of demand will not be able to expand the spending, it is afraid people that deflation is serious (American story)"
I would like that of the spirit, such as. Also, Tamura's Sankei Shimbun,
"The purpose of quantitative easing second bullet, to raise the thing. Stock price stock prices push up, to expand the domestic spending, was going to ride."
I've been saying and, trying to its stock price Kuzureochiyo.
If the government will not be able to go ahead to the fiscal stimulus needed in such a situation, the United States does not may become a thing you proceed the same way as Japan rather than anything even a joke. After all, in the current America, it has only the federal government economic entities are increasing steadily the debt.
[American households, non-financial corporations, changes in the total liabilities of the government (in billions)]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_34.html#Fusai
As described above, even if there in the midst of the QE2, the United States of households has continued to reduce the total debt (companies has barely increased). '09 Or later, it had been earnest increase the debt total, only the federal government.
It would have fallen into difficult situations increase the debt of the federal government, yet is why stock prices have plunged. When this happens, it continues to drop interest rates of US Treasury, that endlessly continue Jimi ~ economic growth path, it is not not exactly could walk the Japanese way. Than the fantastic delusion that such as the United States of default, it is compelling scary is more of over there.
"In today intention of Noda finance minister resigned also to express representative elected horse
http://sankei.jp.msn.com/politics/news/110809/plc11080901390001-n1.htm
Yoshihiko Noda Finance Minister (54) solidified its intention to resign immediately after the establishment of the special bond bill. Multiple parties is the 8th, it revealed. Mr. Noda has already solidified the idea of running for the next Democratic Party presidential election, held an emergency meeting of his group "HanaHitoshi-kai" at noon on the 9th, express outlook of their own thinking. Upon responding to the earthquake reconstruction and global financial instability, the presence of Mr. Noda has become essential to the Cabinet, Prime Minister Naoto Kan If resignation is finally forced into a corner.
Noda contributed an article entitled "My government initiative" to "Bungeishunju" monthly magazine released in 10 days. "If this is timely and I'm ready to lead," preached the importance of fiscal discipline as, it has come up with Japan-US alliance emphasis on diplomatic and security.
Mr. Noda, thought to resign the finance minister immediately after if satisfied special bond bill is also in late August. Furthermore poised to announce officially administration initiative in helping waited for resignation assertion of prime minister. Sentani Yoshito Deputy Chief Cabinet Secretary, et al. Are expected to support, expected to representative elected recommendation's Diet legislators 20 people required for the horse can be secured. (Koryaku) "
With the exception of Naoto Kan at the moment, "a man who should not be in the most prime minister," Noda Finance Minister has flow reports that it intends to resign because of the representative game candidacy. Why Speaking of what a "man should not be in the best prime minister", it is because the Ministry of Finance of the dog along with Yosano.
Perhaps, the Ministry of Finance Through newspapers and television, will want to come to push the Noda intense in the future.
Anyway, this time I do not really believe the finance minister to resign (during the world economic turmoil), it will be thought that I wonder whether Ariel if Democrats. In addition, by the resignation After resignation Noda, Kan regime will become the lid a closed class of damage of the coffin, still Mr. Naoto Kan Somehow To rebelled the discourse, it is trying to descend the seat of prime minister I think also if not than not.
Speaking of the coffin, the following news the tube regime has been pushed down into the coffin.
"Japan-US summit meeting send-off of the likelihood rice, the schedule adjustment" denied "
http://sankei.jp.msn.com/politics/news/110808/plc11080809280003-n1.htm
The US government, it is 7 days have virtually refused to schedule the adjustment of the Japan-US summit meeting that had been scheduled for the first half of September, it was found. Several Japanese government officials revealed. On opaque is resignation time of Prime Minister Naoto Kan, also because of poor agenda and achievements provisionally meeting President Obama and Prime Minister Kan. The US government wants to promote nuclear power generation has been told a strong discomfort to "de-nuclear" policy of the prime minister, likely to summit is postponed has increased.
According to the government officials, and later in July, the Ministry of Foreign Affairs has approached the adjustment to the US State Department over repeatedly for solidify the dates of the summit. However, even if the remaining one month until the first half of September the State Department has not been reply all the dates of the candidate. (Koryaku) "
"Isuwari international community" but ignored "the prime minister of Japan summit diplomacy in dormant state
http://sankei.jp.msn.com/politics/news/110808/plc11080809280003-n1.htm
For Prime Minister Naoto Kan to continue Isuwari even after resignation announced, the international community has begun to clear the "Kan ignored". Addition to the fact on the summit denied by the United States, US Treasury leaders that have worked closely with downgrading problem also, that of Prime Minister Kan seems not in the eye. (Koryaku) "
Oh yeah Well, and the prime minister that with his legs in the coffin or say lame duck, it is not the country that you want based on some sort of negotiation.
Even in the Obama administration, to will suffer is sorry to be used in life-prolonging measures of Prime Minister Naoto Kan, because the world is such a plight,
"Soon, the Japanese government is me normalization!"
I would feel like shouting.
Thunder has Todoroi. In particular, Japan's bad weather, still will continue for some time.
However, more than Democrats showed me this much terrible regime first time, the following weather I believe to be the fine weather. It is referred to you or with, but Watakushi we's the story of "must be in fine weather."
This document, GDP and balance sheet, net foreign assets, such as the current account, and explains in an easy-to-understand terms that you do not know well in spite of the dance in the newspaper, shows each of the "relationship",
"Why, Japan or not to financial collapse?"
"Why, long-term interest rates in Japan (the rating is low split) or the world the lowest of the?"
"Why deflation is continuing in Japan? Is it How can I to escape from deflation?"
It is intended to answer questions such as. Was higher demand from the previous, the economy it is not familiar (especially women),
"More easy-to-understand, the economy Reference!"
It is intended to respond to requests that. Humbly, thank you.
Here and there, thunder has over roar.
"World stock prices of aspects, US bonds rise - US gold in downgrading the past maximum value
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=au6jUZ0j_5ng
In the financial market of the 8th including the United States worldwide stock decline. S & P500 kind stock index was the largest decrease in the bear market later in 2008. On the other hand US Treasuries rose in, gold has put a record high value. In the United States of downgrades by the US rating agency Standard & Poor's (S & P), it has deepened concerns that the economic slowdown is worsening. The Dow Jones industrial average 632 dollar and plunge. About 2.5 trillion dollars in the market capitalization (about 194 trillion yen) is lost in the stock market of the world. (Koryaku) "
The downgrade of S & P, fall the stock market to collapse state, interest rates of US Treasury has fallen into ironic situation "rather go down." At least in the case of Japan and the United States of such a country, the economy becomes a recession, when the stock price falls, capital flows to government bonds. Result, but is not government bond interest rates would be lowered, the current rating system for factors that government bond prices rise due to "recession and deflation" (= government bonds lower interest rates) also, I do not know whether that factored.
For example, if Orikome a "deflation" in carrying out Japan's rating, the private sector has fallen to lack of funds demand, (but is not it a good thing) that is has become easy to flow money to government bonds result, Japanese government bond rating It should continue to rise rather. (The mechanism of this side is, Come [most! Ability of the Japanese economy in the world] Kairyu-sha)
The other day, the channel cherry program,
"Does not occur, such as the default of the United States government bonds. Rather, even the government in the lack of demand will not be able to expand the spending, it is afraid people that deflation is serious (American story)"
I would like that of the spirit, such as. Also, Tamura's Sankei Shimbun,
"The purpose of quantitative easing second bullet, to raise the thing. Stock price stock prices push up, to expand the domestic spending, was going to ride."
I've been saying and, trying to its stock price Kuzureochiyo.
If the government will not be able to go ahead to the fiscal stimulus needed in such a situation, the United States does not may become a thing you proceed the same way as Japan rather than anything even a joke. After all, in the current America, it has only the federal government economic entities are increasing steadily the debt.
[American households, non-financial corporations, changes in the total liabilities of the government (in billions)]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_34.html#Fusai
As described above, even if there in the midst of the QE2, the United States of households has continued to reduce the total debt (companies has barely increased). '09 Or later, it had been earnest increase the debt total, only the federal government.
It would have fallen into difficult situations increase the debt of the federal government, yet is why stock prices have plunged. When this happens, it continues to drop interest rates of US Treasury, that endlessly continue Jimi ~ economic growth path, it is not not exactly could walk the Japanese way. Than the fantastic delusion that such as the United States of default, it is compelling scary is more of over there.
"In today intention of Noda finance minister resigned also to express representative elected horse
http://sankei.jp.msn.com/politics/news/110809/plc11080901390001-n1.htm
Yoshihiko Noda Finance Minister (54) solidified its intention to resign immediately after the establishment of the special bond bill. Multiple parties is the 8th, it revealed. Mr. Noda has already solidified the idea of running for the next Democratic Party presidential election, held an emergency meeting of his group "HanaHitoshi-kai" at noon on the 9th, express outlook of their own thinking. Upon responding to the earthquake reconstruction and global financial instability, the presence of Mr. Noda has become essential to the Cabinet, Prime Minister Naoto Kan If resignation is finally forced into a corner.
Noda contributed an article entitled "My government initiative" to "Bungeishunju" monthly magazine released in 10 days. "If this is timely and I'm ready to lead," preached the importance of fiscal discipline as, it has come up with Japan-US alliance emphasis on diplomatic and security.
Mr. Noda, thought to resign the finance minister immediately after if satisfied special bond bill is also in late August. Furthermore poised to announce officially administration initiative in helping waited for resignation assertion of prime minister. Sentani Yoshito Deputy Chief Cabinet Secretary, et al. Are expected to support, expected to representative elected recommendation's Diet legislators 20 people required for the horse can be secured. (Koryaku) "
With the exception of Naoto Kan at the moment, "a man who should not be in the most prime minister," Noda Finance Minister has flow reports that it intends to resign because of the representative game candidacy. Why Speaking of what a "man should not be in the best prime minister", it is because the Ministry of Finance of the dog along with Yosano.
Perhaps, the Ministry of Finance Through newspapers and television, will want to come to push the Noda intense in the future.
Anyway, this time I do not really believe the finance minister to resign (during the world economic turmoil), it will be thought that I wonder whether Ariel if Democrats. In addition, by the resignation After resignation Noda, Kan regime will become the lid a closed class of damage of the coffin, still Mr. Naoto Kan Somehow To rebelled the discourse, it is trying to descend the seat of prime minister I think also if not than not.
Speaking of the coffin, the following news the tube regime has been pushed down into the coffin.
"Japan-US summit meeting send-off of the likelihood rice, the schedule adjustment" denied "
http://sankei.jp.msn.com/politics/news/110808/plc11080809280003-n1.htm
The US government, it is 7 days have virtually refused to schedule the adjustment of the Japan-US summit meeting that had been scheduled for the first half of September, it was found. Several Japanese government officials revealed. On opaque is resignation time of Prime Minister Naoto Kan, also because of poor agenda and achievements provisionally meeting President Obama and Prime Minister Kan. The US government wants to promote nuclear power generation has been told a strong discomfort to "de-nuclear" policy of the prime minister, likely to summit is postponed has increased.
According to the government officials, and later in July, the Ministry of Foreign Affairs has approached the adjustment to the US State Department over repeatedly for solidify the dates of the summit. However, even if the remaining one month until the first half of September the State Department has not been reply all the dates of the candidate. (Koryaku) "
"Isuwari international community" but ignored "the prime minister of Japan summit diplomacy in dormant state
http://sankei.jp.msn.com/politics/news/110808/plc11080809280003-n1.htm
For Prime Minister Naoto Kan to continue Isuwari even after resignation announced, the international community has begun to clear the "Kan ignored". Addition to the fact on the summit denied by the United States, US Treasury leaders that have worked closely with downgrading problem also, that of Prime Minister Kan seems not in the eye. (Koryaku) "
Oh yeah Well, and the prime minister that with his legs in the coffin or say lame duck, it is not the country that you want based on some sort of negotiation.
Even in the Obama administration, to will suffer is sorry to be used in life-prolonging measures of Prime Minister Naoto Kan, because the world is such a plight,
"Soon, the Japanese government is me normalization!"
I would feel like shouting.
Thunder has Todoroi. In particular, Japan's bad weather, still will continue for some time.
However, more than Democrats showed me this much terrible regime first time, the following weather I believe to be the fine weather. It is referred to you or with, but Watakushi we's the story of "must be in fine weather."
The end of the rating system
US Treasury bonds has been downgraded. Do say, S & P has downgraded the US debt.
I've been talking in economic discussion of channel cherry tree, this time of the United States federal government's debt limit issue in "the United States, finally Tsu ~'s default!" Such as yelling at has been Japanese media (such as the Mainichi Shimbun), the whip also pole ball but it is not, and I thought I wonder whether "government of the office is closed", "become weaker dollar," three of "The US debt is downgraded," there is a possibility, and. However, the really S & P to downgrade, it is a surprise.
"Prediction is difficult, the influence of the US debt downgrade
http://www.afpbb.com/article/economy/2818612/7607244?utm_source=afpbb&utm_medium=topics&utm_campaign=txt_topics
Major US rating agency Standard & Poor's (S & P) is the 5th, was cut for the first time ever, the rating of US debt from "AAA" to "AA +". It is a sign indicating that the reliability of the US debt ability to pay has fallen.
Outstanding of US debt that has reached this week 14 trillion 600 billion US dollars (about 1140 trillion yen) is, and 100 percent in the gross domestic product (GDP) ratio, was almost the same level as Italy. The Italian government bonds have been sold from the concerns of default (default).
The US government is currently also continue to rent spending 40 cents per $ 1. While the US economy is scarcely grow, it is not possible to obtain revenue required for fiscal consolidation.
China is 1 trillion 100 billion US dollars (about 86 trillion yen), Japan, etc. owns US Treasuries of 900 billion US dollars (about 71 trillion yen), the US dollar and US Treasury presence of very large. Default concern of the US government would give concern to the world financial system. Given the magnitude of the role the US economy and the US dollar plays in the world, the United States debt downgrade should spread to the entire world economy.
However, the US dollar and US bonds have been held widely in the world, we are supporting the financial and trade of the world. Many analysts in the grounds it is, at least in the short term impact of the downgrade I think limited.
■ past None same example
In theory, the government of the country in which government bonds have been downgraded, funding costs rise compared with countries with a rating of AAA as of Germany. This can play a role of alert to fiscal consolidation. In addition, the currency value of the downgraded countries, the economy falls to strong other countries currency.
It is difficult to predict the impact of the US debt downgrade. Japan twice in the past 10 years, pulled down the rating of government bonds. The rating of the current Japanese government bonds more than 200% in the public debt GDP ratio in the "AA-", but is still raising funds at very low interest rates. (Koryaku) "
In reality, downgrade of the S & P is not a such as "sign indicating that the lowered reliability of the US debt payment capability" will only signs indicating "end of rating system."
As in the AFP article,
"Japan twice in the past 10 years, pulled down the rating of government bonds. The rating of the current Japanese government bonds more than 200% in the public debt GDP ratio in the" AA- ", but still the money at very low interest rates It has raised. "
More than an exception exists that, it is clear that there is a field that the current rating system does not function.
After all, I than the downgrade has been the United States government bonds, further two-stage rating is low interest rates of Japanese government bonds, it has remained the world's lowest. In other words, the current rating, in particular rating on sovereign debt,
"The government," who from "" The currency owe money on what denominated "?"
"Results, How is the reality of the level of interest rates?"
Without taking into account the just mean in such a percentage of GDP the debt of the government has likened the default possibility of debt, it is not extreme surreal even.
"The government has to borrow money in the local currency from domestic financial institutions. A result, long-term interest rates in the world at least."
And of the country,
"The government is denominated in foreign currencies from financial institutions of foreign countries, owe money in a common currency. Long-term interest rates relatively high."
Country, obviously, but is not different from the nature of the debt problem, rating agencies do not seem to take into account the above-mentioned differences.
So, in 2002 the "Treasury-like" of Japan, in order to pursue the abnormalities of the above rating system, is not who have purposely slammed a written opinion to the rating agency.
Since it becomes a tremendous harassment to the Ministry of Finance, diffusion! Diffusion!
"Foreign rating agencies addressed written opinion summary
http://www.mof.go.jp/about_mof/other/other/rating/p140430.htm "
Come to think of it, it is why the other day (8/1), but in swamphen seminar Aso former Prime Minister also had been talking about the written opinion of, who knows you know. When politicians everyone, or the majority of the population was aware of the above opinion, I think really the Ministry of Finance can continue the current abnormal tax increase route.
In any case, the abnormality of the rating system, because such as A Mr the "Treasury-like", by all means, please read. (So, please diffusion)
For the United States government bonds, but will go up some interest rates, excess savings of the domestic rolled into, it is expected to be rather become Japan pattern that interest rates would lower.
Later today, it is your post from Takashi Nakano teacher.
---------- De-nuclear power plant by natural energy is impossible (Nakano Takashi, Kyoto University Graduate School of Engineering, Associate Professor) --- (first appearance "Nikkei Veritas" issue August 7)
◆ de-nuclear power plant is extremely difficult due to natural energy. Unless completely ignore the economic efficiency, it is not possible to secure the amount that can substitute for nuclear. Even look at the Germany of purchase system is a developed country, it is hard to say that was successful. If you aim to de-nuclear power plant in earnest, it's thermal power generation should be increased.
Prime Minister Naoto Kan appealed for "de-nuclear dependence", showed a willingness to establishment of renewable energy special measures bill. This bill is a system that requires that you purchase at a high price the power of natural energy to power companies, it has been introduced in such as Germany.
But in Japan, de-nuclear power plant by natural energy is extremely difficult. European high latitude, after a strong westerly blows in a stable manner, because the flat often, wind power has spread. But Japan is a wind is weak and unstable, even greater risk of typhoons and lightning strikes. Land a mountainous, recently have come also noise problems. Location location suitable for economical wind power generation is very small.
Sunlight, more than the high 40 yen per 1 kwh power generation cost. In plain high less land prices in Japan, to suitability of economic large-scale solar power plants is small, only the use of the building of the roof there is a limit. Hydropower and geothermal. Biomass power generation is also Japan is strict, such as constraints on the country, it would be quantitative and economic limit.
Even Germany, which is said to be natural energy developed countries, out of the amount of power generated in 2008, coal-fired power accounted for about half, while nuclear power is about 23%, and Japan and the same degree, wind power is about 6 percent, sunlight It was only about 1%.
Since natural energy constraints are severe, unless completely ignore the economic efficiency, it's difficult to secure the amount that can be replaced by nuclear power. It is, of course, there should be priority to the non-economic value, such as safety and the environment than the economy, Even so, wind and solar is cost-effective too bad. In particular, an increase in electricity prices during the recession, such as now, it can not be ignored because a serious blow to the people's lives.
The quality of power is also a problem. Nuclear power plant is functioning as "base load power" that continues to power in a stable manner regardless of the day and night. However, wind and solar power is not stable output is affected by the weather, occupancy rate wind power is 15-25%, solar power remains in the 10-15%. That is, the output is unstable wind power, solar power - not a "Besuro de Power" serving as the primary alternative. Rather, the output is spread unstable wind and light power generation, expansion of thermal power generation as a backup is rather necessary. Stabilization of output by the batteries, even flipped up the cost.
In short, where you increase the wind and solar power in the purchase system of natural energy, it is not a little de-nuclear power plant. If if aim to de-nuclear power plant in earnest, it's a thermal power generation should be increased.
Even if the buyback program of Germany, it is hard to say that was successful. Germany this system is full-scale introduction from 2000, in particular purchase price of sunlight is set as high as nine times less than the wholesale electricity price. However, as mentioned earlier, the proportion of sunlight to total power generation amount of power is only about 1%.
According to the line-Westphalia Institute of Economic Research, purchase cost of sunlight, also it becomes about 7.2 trillion yen in total up to 2010. Etc. This in addition to indirect costs for the stabilization of power, according to the estimates of Berurin'e University, about 51.2 billion yen at the time in 2006, at the time in 2020 that swell up to 379.5 billion yen. It cost-effectiveness is too evil. For this reason, the International Energy Agency (IEA) has also recommended a policy change of the buyback program of sunlight in 2007.
Moreover, 5% of the share of solar cells in Germany accounted for Chinese companies, as a whole foreign companies 70%, hardly contribute to job creation in Germany. After all, Germany last year, reduced the purchase price of solar power generation power 12-13%.
For solar cells, in recent years, reducing the cost and inexpensive labor force China manufacturers to rise, China for about 60% of the world's solar cell production volume of 2010. Taiwan occupied (Japan is about 10%).
Therefore, the introduction of the buyback program of natural energy is let father of overseas manufacturers, fear also that do not increase the domestic employment. The burden of the consumer due to an increase in the electricity rates must also be taken into consideration. Because there is no meaning in employment to increase by depriving the consumer demand of the people.
There is also the following problems. Household solar power is currently one in Daiyaku 2 million yen, limited to relatively wealthy people is to buy this. On the other hand, electricity everyone to use is not limited to the income level. Because of this, that if the purchase cost is in addition to your electricity charges, to pay a portion of the electricity rate that was collected from the low-income earners to the wealthy who installed solar power, is regressive income redistribution is done become.
Buyback program of natural energy is, despite its image, is to de-nuclear power plant does not contribute little, there is a possibility that does not produce the domestic employment. Some even further increase regressivity the burden of consumers suffering from recession. Large-scale fiscal stimulus for the disaster area reconstruction, securing the power supply, and then neglected the high policy of urgency such as the convergence of the nuclear accident, to obtain prohibited lamented the current state of politics that the introduction of such a system is priority No.
----------
I've been talking in economic discussion of channel cherry tree, this time of the United States federal government's debt limit issue in "the United States, finally Tsu ~'s default!" Such as yelling at has been Japanese media (such as the Mainichi Shimbun), the whip also pole ball but it is not, and I thought I wonder whether "government of the office is closed", "become weaker dollar," three of "The US debt is downgraded," there is a possibility, and. However, the really S & P to downgrade, it is a surprise.
"Prediction is difficult, the influence of the US debt downgrade
http://www.afpbb.com/article/economy/2818612/7607244?utm_source=afpbb&utm_medium=topics&utm_campaign=txt_topics
Major US rating agency Standard & Poor's (S & P) is the 5th, was cut for the first time ever, the rating of US debt from "AAA" to "AA +". It is a sign indicating that the reliability of the US debt ability to pay has fallen.
Outstanding of US debt that has reached this week 14 trillion 600 billion US dollars (about 1140 trillion yen) is, and 100 percent in the gross domestic product (GDP) ratio, was almost the same level as Italy. The Italian government bonds have been sold from the concerns of default (default).
The US government is currently also continue to rent spending 40 cents per $ 1. While the US economy is scarcely grow, it is not possible to obtain revenue required for fiscal consolidation.
China is 1 trillion 100 billion US dollars (about 86 trillion yen), Japan, etc. owns US Treasuries of 900 billion US dollars (about 71 trillion yen), the US dollar and US Treasury presence of very large. Default concern of the US government would give concern to the world financial system. Given the magnitude of the role the US economy and the US dollar plays in the world, the United States debt downgrade should spread to the entire world economy.
However, the US dollar and US bonds have been held widely in the world, we are supporting the financial and trade of the world. Many analysts in the grounds it is, at least in the short term impact of the downgrade I think limited.
■ past None same example
In theory, the government of the country in which government bonds have been downgraded, funding costs rise compared with countries with a rating of AAA as of Germany. This can play a role of alert to fiscal consolidation. In addition, the currency value of the downgraded countries, the economy falls to strong other countries currency.
It is difficult to predict the impact of the US debt downgrade. Japan twice in the past 10 years, pulled down the rating of government bonds. The rating of the current Japanese government bonds more than 200% in the public debt GDP ratio in the "AA-", but is still raising funds at very low interest rates. (Koryaku) "
In reality, downgrade of the S & P is not a such as "sign indicating that the lowered reliability of the US debt payment capability" will only signs indicating "end of rating system."
As in the AFP article,
"Japan twice in the past 10 years, pulled down the rating of government bonds. The rating of the current Japanese government bonds more than 200% in the public debt GDP ratio in the" AA- ", but still the money at very low interest rates It has raised. "
More than an exception exists that, it is clear that there is a field that the current rating system does not function.
After all, I than the downgrade has been the United States government bonds, further two-stage rating is low interest rates of Japanese government bonds, it has remained the world's lowest. In other words, the current rating, in particular rating on sovereign debt,
"The government," who from "" The currency owe money on what denominated "?"
"Results, How is the reality of the level of interest rates?"
Without taking into account the just mean in such a percentage of GDP the debt of the government has likened the default possibility of debt, it is not extreme surreal even.
"The government has to borrow money in the local currency from domestic financial institutions. A result, long-term interest rates in the world at least."
And of the country,
"The government is denominated in foreign currencies from financial institutions of foreign countries, owe money in a common currency. Long-term interest rates relatively high."
Country, obviously, but is not different from the nature of the debt problem, rating agencies do not seem to take into account the above-mentioned differences.
So, in 2002 the "Treasury-like" of Japan, in order to pursue the abnormalities of the above rating system, is not who have purposely slammed a written opinion to the rating agency.
Since it becomes a tremendous harassment to the Ministry of Finance, diffusion! Diffusion!
"Foreign rating agencies addressed written opinion summary
http://www.mof.go.jp/about_mof/other/other/rating/p140430.htm "
Come to think of it, it is why the other day (8/1), but in swamphen seminar Aso former Prime Minister also had been talking about the written opinion of, who knows you know. When politicians everyone, or the majority of the population was aware of the above opinion, I think really the Ministry of Finance can continue the current abnormal tax increase route.
In any case, the abnormality of the rating system, because such as A Mr the "Treasury-like", by all means, please read. (So, please diffusion)
For the United States government bonds, but will go up some interest rates, excess savings of the domestic rolled into, it is expected to be rather become Japan pattern that interest rates would lower.
Later today, it is your post from Takashi Nakano teacher.
---------- De-nuclear power plant by natural energy is impossible (Nakano Takashi, Kyoto University Graduate School of Engineering, Associate Professor) --- (first appearance "Nikkei Veritas" issue August 7)
◆ de-nuclear power plant is extremely difficult due to natural energy. Unless completely ignore the economic efficiency, it is not possible to secure the amount that can substitute for nuclear. Even look at the Germany of purchase system is a developed country, it is hard to say that was successful. If you aim to de-nuclear power plant in earnest, it's thermal power generation should be increased.
Prime Minister Naoto Kan appealed for "de-nuclear dependence", showed a willingness to establishment of renewable energy special measures bill. This bill is a system that requires that you purchase at a high price the power of natural energy to power companies, it has been introduced in such as Germany.
But in Japan, de-nuclear power plant by natural energy is extremely difficult. European high latitude, after a strong westerly blows in a stable manner, because the flat often, wind power has spread. But Japan is a wind is weak and unstable, even greater risk of typhoons and lightning strikes. Land a mountainous, recently have come also noise problems. Location location suitable for economical wind power generation is very small.
Sunlight, more than the high 40 yen per 1 kwh power generation cost. In plain high less land prices in Japan, to suitability of economic large-scale solar power plants is small, only the use of the building of the roof there is a limit. Hydropower and geothermal. Biomass power generation is also Japan is strict, such as constraints on the country, it would be quantitative and economic limit.
Even Germany, which is said to be natural energy developed countries, out of the amount of power generated in 2008, coal-fired power accounted for about half, while nuclear power is about 23%, and Japan and the same degree, wind power is about 6 percent, sunlight It was only about 1%.
Since natural energy constraints are severe, unless completely ignore the economic efficiency, it's difficult to secure the amount that can be replaced by nuclear power. It is, of course, there should be priority to the non-economic value, such as safety and the environment than the economy, Even so, wind and solar is cost-effective too bad. In particular, an increase in electricity prices during the recession, such as now, it can not be ignored because a serious blow to the people's lives.
The quality of power is also a problem. Nuclear power plant is functioning as "base load power" that continues to power in a stable manner regardless of the day and night. However, wind and solar power is not stable output is affected by the weather, occupancy rate wind power is 15-25%, solar power remains in the 10-15%. That is, the output is unstable wind power, solar power - not a "Besuro de Power" serving as the primary alternative. Rather, the output is spread unstable wind and light power generation, expansion of thermal power generation as a backup is rather necessary. Stabilization of output by the batteries, even flipped up the cost.
In short, where you increase the wind and solar power in the purchase system of natural energy, it is not a little de-nuclear power plant. If if aim to de-nuclear power plant in earnest, it's a thermal power generation should be increased.
Even if the buyback program of Germany, it is hard to say that was successful. Germany this system is full-scale introduction from 2000, in particular purchase price of sunlight is set as high as nine times less than the wholesale electricity price. However, as mentioned earlier, the proportion of sunlight to total power generation amount of power is only about 1%.
According to the line-Westphalia Institute of Economic Research, purchase cost of sunlight, also it becomes about 7.2 trillion yen in total up to 2010. Etc. This in addition to indirect costs for the stabilization of power, according to the estimates of Berurin'e University, about 51.2 billion yen at the time in 2006, at the time in 2020 that swell up to 379.5 billion yen. It cost-effectiveness is too evil. For this reason, the International Energy Agency (IEA) has also recommended a policy change of the buyback program of sunlight in 2007.
Moreover, 5% of the share of solar cells in Germany accounted for Chinese companies, as a whole foreign companies 70%, hardly contribute to job creation in Germany. After all, Germany last year, reduced the purchase price of solar power generation power 12-13%.
For solar cells, in recent years, reducing the cost and inexpensive labor force China manufacturers to rise, China for about 60% of the world's solar cell production volume of 2010. Taiwan occupied (Japan is about 10%).
Therefore, the introduction of the buyback program of natural energy is let father of overseas manufacturers, fear also that do not increase the domestic employment. The burden of the consumer due to an increase in the electricity rates must also be taken into consideration. Because there is no meaning in employment to increase by depriving the consumer demand of the people.
There is also the following problems. Household solar power is currently one in Daiyaku 2 million yen, limited to relatively wealthy people is to buy this. On the other hand, electricity everyone to use is not limited to the income level. Because of this, that if the purchase cost is in addition to your electricity charges, to pay a portion of the electricity rate that was collected from the low-income earners to the wealthy who installed solar power, is regressive income redistribution is done become.
Buyback program of natural energy is, despite its image, is to de-nuclear power plant does not contribute little, there is a possibility that does not produce the domestic employment. Some even further increase regressivity the burden of consumers suffering from recession. Large-scale fiscal stimulus for the disaster area reconstruction, securing the power supply, and then neglected the high policy of urgency such as the convergence of the nuclear accident, to obtain prohibited lamented the current state of politics that the introduction of such a system is priority No.
----------
Talk of Japan and the United States
The title has become a thing of the "opening of the country or? Seclusion or? TPP ask the pros and cons of participation", "image priority" is terrible to the idiot in this blog what I mean, but the content is decent. The deep TPP discussion on the radio so far has been made, then you are probably not the first time things.
Today, Tokyo Shinjuku "Ganbare Japan Action Committee!" Cultural meeting large Symposium - thought warfare after the earthquake - and then appeared to http://www.bellesalle.co.jp/sankaku/event/access.html . Once again it is a marathon, but I'll do my best. (This time to not a moderator)
Although we notice yesterday, will be held "National Vision Research Association sponsored northeast bipartisan meeting to send Yale to" agriculture, forestry and fisheries reconstruction assistance meeting of the Tohoku "" in Sendai on August 6. http://kokka-vision.jp/symposium/20110806.html
So we come also Hirano of reconstruction minister, by all means those who neighborhood, not please carry your feet.
By the way, here Watakushi is "~ is ~ tax increase to explore the path and its financial resources of Japan playback to accelerate the deflation thwart the reconstruction," which served as the moderator ⇒ http://kokka-vision.jp/symposium/20110630.html
Since the big news has increased followed, after a long time to digest method.
"More serious was the US recession -GDP revised width Ireland economy par
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=aYXv_fxYSS18
2007 - '09 of the recession is that it was more serious than expected so far, was shown at the annual revision of the real gross domestic product (GDP). According to it, the economic recovery lost momentum through the last year, was stalled earlier this year. In response to revised data that reflects the dark situation, there is a possibility that the increase concerns about US economic growth prospects.
When the US Department of Commerce According to the revision, which was announced on the 29th, GDP in the second quarter from the fourth quarter of '07 (October-December) '09 (April-June) was reduced by 5.1%. In the past announcement of was 4.1% decrease. Reducing the width of the bad GDP in the second post-war 1957 - 3.7% of '58. "
Something is strange title but, short bubble collapse period American economy shrinking is a story that was more than in (the meaning as expected there) terrible thing expected. However, the United States trauma of the Great Depression is carp, it gave a correct deflation measures that monetary policy and fiscal policy of the package after the collapse of the bubble economy. Experience after the collapse of the bubble economy of Japan, it would have to considerably reference. A result, the United States as in the Great Depression, a catastrophe, such as income falls to half have been avoided (for now).
That said, "correct deflation measures" will birth the side effect of the expansion of the fiscal deficit of the government. Moreover, the United States because it is the current account deficit countries, does not have excess savings left over in the country.
In addition, America has put the Shoga no tea party (tea party) is a force of only described as "extreme small government advocate", has led to confusion that over the current debt ceiling hike.
"House of Representatives is an upper limit hike bill passed, the Senate rejected outlook
http://sankei.jp.msn.com/economy/news/110730/fnc11073008520002-n1.htm
The Tour of the upper limit raising issues of federal debt, opposition Republican US House of Representatives 29 days take the initiative, passed a bill to raise the debt ceiling in stages by majority vote. However, at the prospect of the Senate that the ruling Democratic Party is the majority will be rejected, it has begun a move that ruling and opposition parties to seek a compromise. "
Since it has expired to pass the already formal bill, it is not no choice but to run away in the interim, but even so "police station stops" You think it likely will reached the stage of much "office is closed". However, the United States is doing the same thing Clinton administration (spending of government is to stop), so it does not become "America collapse!" Or ridiculous story.
That said, unlike the Clinton administration-life is through the "bubble burst", the debt of the government has built up in the flashy, it might downgrade is done.
By the way, until the American bubble burst before, most debt is large organization in the world, but I was the Japanese government, it has now been long ago overtaken by the United States federal government. So,
"Japan is the world's largest debt superpower!"
If you see a phrase such as, it is a mistake in the sense of double. That is,
"Government Debt (government debt) and you are confused with the foreign debt of the state."
In addition to that,
"Already Government Debt is the world's largest Nanoha, the United States federal government."
I mean that.
That said, as a result of the funniest recognition represented by the above had been shared socially, people of Japan also has been the United States as well various and confusion.
Or we fall behind in the "reconstruction basic policy funding postponed
http://sankei.jp.msn.com/politics/news/110730/plc11073003390006-n1.htm
Reconstruction basic policy of finally settled government has elapsed four months and a half from the Great East Japan Earthquake, after too slow, did not even can explicitly major funding of reconstruction projects. Full-scale reconstruction and become the third-order correction budget takes more time. Irresponsible itself. (Koryaku) "
"" Reconstruction tax increase "democratic, stopgap in wording modification
http://sankei.jp.msn.com/politics/news/110729/stt11072901230001-n1.htm
Democratic Party executive is struggling to put together of the Great East Japan Earthquake Reconstruction basic policy which is aimed to the 29th. In response to that note of the government bill has been shelved by the Sub-Committee of the party recovery and reconstruction Review Committee of the 28th, study chairman of Katsuya Okada secretary general and colleagues to adjust by deleting the word "tax increase" It is, but the change in government policy to raise taxes for the sake of financial resources is not. In that the rewrite of the wording only surpassed emergency, or be suppressed within the party of repulsion it's opaque situation. (Koryaku) "
Or less, than the newsletter of the Democratic Party of Kaneko lawmakers on the matter of the above.
"Https://regssl.combzmail.jp/web/?t=cf27&m=0n87
Intensive discussion of three days from the 27th was large dispute.
It became the biggest issue is the way the period of the redemption of reconstruction funding. Initially, the executive side, key tax (income tax, corporate tax) in mind that to cover the financial resources in the tax increases, "as well as to ensure at least about 3 trillion yen reduction, such as child allowance, timed around the key tax The specific tax measures, we have put forward a plan of securing "the remaining resources. Moreover, "while the basic five years, up to 10 years," the redemption period of reconstruction bonds I Boron has been added that is set to.
(Snip)
The occasion of the discussion, that I should not take the tax increase many times, to preach and that the Bank of Japan directly underwriting is the best of financial resources means, for the redemption period, in even '60 redemption a "deficit bonds so-called" government bonds though of confidence "is not lost, why the reconstruction bonds to be invested in the center of the affected area of infrastructure was exhibited whether" and strongly question must be redeemed at a much shorter five years than it. (Snip)
After all, today's meeting also broken executive to our discussions over 2 hours, amendment has been presented after a 30-minute break. For financial resources, the number of "3 trillion yen" disappears, by cutting into further waste reduction and special accounts, it became the representation of the contents of the not to raise taxes as much as possible.
As for the repayment period, instead of the expression "five years the basic to the longest '10", "based on the intensive reconstruction period and reconstruction period, future consideration" of the sense that it does not necessarily redeemed in five years and in '10 It was calm to representation.
<See the URL below for funding part of the party of recommendations>
http://j.mp/pomOPE "
If the such earthquake things of once in 100 years, reconstruction cost is good if paid by the Japanese people over 100 years.
In addition, government spending will expand by government bond issuance and the Bank of Japan underwriting, if we expand the Japanese nominal GDP growth rate, national burden indeed if accustomed to earlier, will become small. 100 years later, when the nominal GDP of Japan has reached the 1 Kyoen, even if spent on reconstruction money for the current 20 trillion yen, it will be substantially that same as the one trillion yen. Moreover, because I mean to bear over 100 years, the real burden of the year will be even smaller.
It now, are you trying to burden in the short term to the Japanese people suffering from deflation, it is not that the Ministry of Finance and the Democratic Party leadership. For Han tax increase that, Watakushi will support the Kaneko lawmakers and Matsubara lawmakers of the Democratic Party. It is referred to you or with, if there are no these people, it would have ended up being decided by the Cabinet long ago in the "reconstruction tax increase."
"Kamei" Ki has tax increase is not good, "he pointed out in the Prime Minister talks
http://sankei.jp.msn.com/politics/news/110729/plc11072920340022-n1.htm
Of the People's New Party Shizuka Kamei representative is the 29th, he met with Prime Minister Naoto Kan at the Prime Minister's Office, for the Great East Japan Earthquake Reconstruction basic policy of government that incorporates a de facto tax increase, the corresponding Ki Yes "tax increase should in no take. Was exhausted took up the tax from the person, it was pointed out that there is no reason that you can escape from deflation ".
On top of that, it's idea outrageous to as "reconstruction financial resources (of government bonds) maturities of five years or 10 years. Standing in long-term point of view corresponding to the one time of the earthquake in a thousand years, and if it is not made the financial resources as shall not ", it asked the introduction of interest-free tax-exempt government bonds of theory. "
Although People's New Party is the us to the opposition to reconstruction tax increases and tax integrated reform of social security (consumption tax up), or be covered by a tax increase "settlement payment of hepatitis B litigation" in favor (referred to, miss?) I think I ended up ....
You think he has been made trading in postal bill (Kamei was allowed to commit to August 5 committee referred to the prime minister about the bill.), It is betray immediately where it was a compromise that's Democratic Party , and I think that soon or not the time to be understood. Also it will be the result of falling into the same pattern as ever this time.
After all, because I top it is a kind person.
"Prime Minister Kan of donations issue, the date of the refund receipt" March 14 "
http://headlines.yahoo.co.jp/hl?a=20110729-00000544-san-pol
In Prime Minister Naoto Kan House of Councillors plenary session of the 29th morning, donations received without knowing that it "is a foreign nationality issues that Prime Minister of fund management organizations had received illegal donations from South Korean in Japan is March through lawyer 14 was refunded. receipt was also said to have "turned to the same date on the day. Answer to Matsumura Sachi-shi's Liberal Democratic Party.
"Because some things and past example future, We want the debate in committee and board of directors" for submission to the Diet of the refund at the time of receipt, such as the Liberal Democratic Party is asking you said, and showed again disapproval. (Koryaku) "
If the "receipt also have the same date", it is simply one piece of paper (receipts) if submitted need story. It is a story that needs the five minutes.
Why it can refuse to submit receipts so far. Personally, after all, and you do not have refund donations, or not got a receipt, of the above-mentioned "was refunded to March 14 through the lawyer. Receipt has also been on the same date" is also false answer We are expected to do not such of.
Today, Tokyo Shinjuku "Ganbare Japan Action Committee!" Cultural meeting large Symposium - thought warfare after the earthquake - and then appeared to http://www.bellesalle.co.jp/sankaku/event/access.html . Once again it is a marathon, but I'll do my best. (This time to not a moderator)
Although we notice yesterday, will be held "National Vision Research Association sponsored northeast bipartisan meeting to send Yale to" agriculture, forestry and fisheries reconstruction assistance meeting of the Tohoku "" in Sendai on August 6. http://kokka-vision.jp/symposium/20110806.html
So we come also Hirano of reconstruction minister, by all means those who neighborhood, not please carry your feet.
By the way, here Watakushi is "~ is ~ tax increase to explore the path and its financial resources of Japan playback to accelerate the deflation thwart the reconstruction," which served as the moderator ⇒ http://kokka-vision.jp/symposium/20110630.html
Since the big news has increased followed, after a long time to digest method.
"More serious was the US recession -GDP revised width Ireland economy par
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=aYXv_fxYSS18
2007 - '09 of the recession is that it was more serious than expected so far, was shown at the annual revision of the real gross domestic product (GDP). According to it, the economic recovery lost momentum through the last year, was stalled earlier this year. In response to revised data that reflects the dark situation, there is a possibility that the increase concerns about US economic growth prospects.
When the US Department of Commerce According to the revision, which was announced on the 29th, GDP in the second quarter from the fourth quarter of '07 (October-December) '09 (April-June) was reduced by 5.1%. In the past announcement of was 4.1% decrease. Reducing the width of the bad GDP in the second post-war 1957 - 3.7% of '58. "
Something is strange title but, short bubble collapse period American economy shrinking is a story that was more than in (the meaning as expected there) terrible thing expected. However, the United States trauma of the Great Depression is carp, it gave a correct deflation measures that monetary policy and fiscal policy of the package after the collapse of the bubble economy. Experience after the collapse of the bubble economy of Japan, it would have to considerably reference. A result, the United States as in the Great Depression, a catastrophe, such as income falls to half have been avoided (for now).
That said, "correct deflation measures" will birth the side effect of the expansion of the fiscal deficit of the government. Moreover, the United States because it is the current account deficit countries, does not have excess savings left over in the country.
In addition, America has put the Shoga no tea party (tea party) is a force of only described as "extreme small government advocate", has led to confusion that over the current debt ceiling hike.
"House of Representatives is an upper limit hike bill passed, the Senate rejected outlook
http://sankei.jp.msn.com/economy/news/110730/fnc11073008520002-n1.htm
The Tour of the upper limit raising issues of federal debt, opposition Republican US House of Representatives 29 days take the initiative, passed a bill to raise the debt ceiling in stages by majority vote. However, at the prospect of the Senate that the ruling Democratic Party is the majority will be rejected, it has begun a move that ruling and opposition parties to seek a compromise. "
Since it has expired to pass the already formal bill, it is not no choice but to run away in the interim, but even so "police station stops" You think it likely will reached the stage of much "office is closed". However, the United States is doing the same thing Clinton administration (spending of government is to stop), so it does not become "America collapse!" Or ridiculous story.
That said, unlike the Clinton administration-life is through the "bubble burst", the debt of the government has built up in the flashy, it might downgrade is done.
By the way, until the American bubble burst before, most debt is large organization in the world, but I was the Japanese government, it has now been long ago overtaken by the United States federal government. So,
"Japan is the world's largest debt superpower!"
If you see a phrase such as, it is a mistake in the sense of double. That is,
"Government Debt (government debt) and you are confused with the foreign debt of the state."
In addition to that,
"Already Government Debt is the world's largest Nanoha, the United States federal government."
I mean that.
That said, as a result of the funniest recognition represented by the above had been shared socially, people of Japan also has been the United States as well various and confusion.
Or we fall behind in the "reconstruction basic policy funding postponed
http://sankei.jp.msn.com/politics/news/110730/plc11073003390006-n1.htm
Reconstruction basic policy of finally settled government has elapsed four months and a half from the Great East Japan Earthquake, after too slow, did not even can explicitly major funding of reconstruction projects. Full-scale reconstruction and become the third-order correction budget takes more time. Irresponsible itself. (Koryaku) "
"" Reconstruction tax increase "democratic, stopgap in wording modification
http://sankei.jp.msn.com/politics/news/110729/stt11072901230001-n1.htm
Democratic Party executive is struggling to put together of the Great East Japan Earthquake Reconstruction basic policy which is aimed to the 29th. In response to that note of the government bill has been shelved by the Sub-Committee of the party recovery and reconstruction Review Committee of the 28th, study chairman of Katsuya Okada secretary general and colleagues to adjust by deleting the word "tax increase" It is, but the change in government policy to raise taxes for the sake of financial resources is not. In that the rewrite of the wording only surpassed emergency, or be suppressed within the party of repulsion it's opaque situation. (Koryaku) "
Or less, than the newsletter of the Democratic Party of Kaneko lawmakers on the matter of the above.
"Https://regssl.combzmail.jp/web/?t=cf27&m=0n87
Intensive discussion of three days from the 27th was large dispute.
It became the biggest issue is the way the period of the redemption of reconstruction funding. Initially, the executive side, key tax (income tax, corporate tax) in mind that to cover the financial resources in the tax increases, "as well as to ensure at least about 3 trillion yen reduction, such as child allowance, timed around the key tax The specific tax measures, we have put forward a plan of securing "the remaining resources. Moreover, "while the basic five years, up to 10 years," the redemption period of reconstruction bonds I Boron has been added that is set to.
(Snip)
The occasion of the discussion, that I should not take the tax increase many times, to preach and that the Bank of Japan directly underwriting is the best of financial resources means, for the redemption period, in even '60 redemption a "deficit bonds so-called" government bonds though of confidence "is not lost, why the reconstruction bonds to be invested in the center of the affected area of infrastructure was exhibited whether" and strongly question must be redeemed at a much shorter five years than it. (Snip)
After all, today's meeting also broken executive to our discussions over 2 hours, amendment has been presented after a 30-minute break. For financial resources, the number of "3 trillion yen" disappears, by cutting into further waste reduction and special accounts, it became the representation of the contents of the not to raise taxes as much as possible.
As for the repayment period, instead of the expression "five years the basic to the longest '10", "based on the intensive reconstruction period and reconstruction period, future consideration" of the sense that it does not necessarily redeemed in five years and in '10 It was calm to representation.
<See the URL below for funding part of the party of recommendations>
http://j.mp/pomOPE "
If the such earthquake things of once in 100 years, reconstruction cost is good if paid by the Japanese people over 100 years.
In addition, government spending will expand by government bond issuance and the Bank of Japan underwriting, if we expand the Japanese nominal GDP growth rate, national burden indeed if accustomed to earlier, will become small. 100 years later, when the nominal GDP of Japan has reached the 1 Kyoen, even if spent on reconstruction money for the current 20 trillion yen, it will be substantially that same as the one trillion yen. Moreover, because I mean to bear over 100 years, the real burden of the year will be even smaller.
It now, are you trying to burden in the short term to the Japanese people suffering from deflation, it is not that the Ministry of Finance and the Democratic Party leadership. For Han tax increase that, Watakushi will support the Kaneko lawmakers and Matsubara lawmakers of the Democratic Party. It is referred to you or with, if there are no these people, it would have ended up being decided by the Cabinet long ago in the "reconstruction tax increase."
"Kamei" Ki has tax increase is not good, "he pointed out in the Prime Minister talks
http://sankei.jp.msn.com/politics/news/110729/plc11072920340022-n1.htm
Of the People's New Party Shizuka Kamei representative is the 29th, he met with Prime Minister Naoto Kan at the Prime Minister's Office, for the Great East Japan Earthquake Reconstruction basic policy of government that incorporates a de facto tax increase, the corresponding Ki Yes "tax increase should in no take. Was exhausted took up the tax from the person, it was pointed out that there is no reason that you can escape from deflation ".
On top of that, it's idea outrageous to as "reconstruction financial resources (of government bonds) maturities of five years or 10 years. Standing in long-term point of view corresponding to the one time of the earthquake in a thousand years, and if it is not made the financial resources as shall not ", it asked the introduction of interest-free tax-exempt government bonds of theory. "
Although People's New Party is the us to the opposition to reconstruction tax increases and tax integrated reform of social security (consumption tax up), or be covered by a tax increase "settlement payment of hepatitis B litigation" in favor (referred to, miss?) I think I ended up ....
You think he has been made trading in postal bill (Kamei was allowed to commit to August 5 committee referred to the prime minister about the bill.), It is betray immediately where it was a compromise that's Democratic Party , and I think that soon or not the time to be understood. Also it will be the result of falling into the same pattern as ever this time.
After all, because I top it is a kind person.
"Prime Minister Kan of donations issue, the date of the refund receipt" March 14 "
http://headlines.yahoo.co.jp/hl?a=20110729-00000544-san-pol
In Prime Minister Naoto Kan House of Councillors plenary session of the 29th morning, donations received without knowing that it "is a foreign nationality issues that Prime Minister of fund management organizations had received illegal donations from South Korean in Japan is March through lawyer 14 was refunded. receipt was also said to have "turned to the same date on the day. Answer to Matsumura Sachi-shi's Liberal Democratic Party.
"Because some things and past example future, We want the debate in committee and board of directors" for submission to the Diet of the refund at the time of receipt, such as the Liberal Democratic Party is asking you said, and showed again disapproval. (Koryaku) "
If the "receipt also have the same date", it is simply one piece of paper (receipts) if submitted need story. It is a story that needs the five minutes.
Why it can refuse to submit receipts so far. Personally, after all, and you do not have refund donations, or not got a receipt, of the above-mentioned "was refunded to March 14 through the lawyer. Receipt has also been on the same date" is also false answer We are expected to do not such of.
Clean up of trickle-down policy
FIG. All sources are GDP]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_34.html#GDP
That said, raising the tax rate under deflation, reduce the national disposable income, will reduce the GDP of the "next step" and (of course). Result, but is why would decrease also tax revenue of the government, it does not focus to "how increasing the GDP" in the deflationary environment, the Kaee be stupid politicians repeated and tax increases tax increase is attached to the seat of government, much Japan It is something. (PIGS countries because there is no means to the other, we have to abandon the GDP growth)
Basically, the policy of the government is of such should be focused on "how increasing the GDP". Trickle-down effect of the above, I mean that one method of "how increasing the GDP". In other words, by favoring the rich, asked to expand them to the "investment", it is a translation has on the idea that benefits are spread to the entire if GDP growth.
Of course, it is tax cuts to the rich, than disposable income has increased the results "savings" resulting in expansion does not make sense. And it I must get only increase investment (or consumption). Above Wikipedia, for trickle-down theory,
"Expansion of the pie at the macro level, not the powerful research exists to support that lead to improving the economic situation of the poor."
And it has been criticized, but Watakushi first place "at the macro level, the pie is really to expand (= GDP to grow) wonder," you have a question. Now that you have increased the politically rich of disposable income, it is simply not help but think as only to expand savings. In particular, as long as it is a country suffering from the current deflation as Japan, it is even more.
In addition, the trickle-down theory is also criticism that leads to the "widening gap". In fact, in the United States that trickle-down theory has been moved to the practice, disparities and I have expanded enough to chilling.
According to a survey by the American think tank EPI, through 1979-06, the ratio of the country's top 1% of income is the total national income, I was increased from 10% to 22.9%. income share of the top 1% of the people get is, versus I is not had expanded to more than double in the national income ratio. Moreover, growth of the top 0.1 percent of income even in tremendous condition, from versus national income ratio of 3.5% of the '97, in '06 it was increased to 11.6%.
Of particular it seems to issue, as a result of the policy of "wealthy preferential treatment" based on the trickle-down theory has been carried out, the majority of the increase in income, are also placed in the fact that wealthy had won. For example, in the period of 1989-06, out of the national income, which increased in the United States, it has gained 91 percent in just the wealthy of the top one percent. Also, if geared to the top 1%, and has won 59 percent of the national income, which increased in the same period.
The "fruit" generated by the trickle-down policy, after all is that wealthy had almost hog (?), There is the American reality.
All in all, the Obama administration has embarked on a negation of the trickle-down theory.
"US President" funny tax cuts to huge surplus company "to high-net-worth tax increase claiming fiscal reconstruction measures Republican Party, fiercely repelling
http://www.jcp.or.jp/akahata/aik11/2011-07-18/2011071807_01_1.html
US debt has reached the legal limit of 14 trillion 294 billion US dollars (about 1131 trillion yen), in which the Congress leadership of the Obama administration and the ruling and opposition parties continue to negotiate On fiscal consolidation measures, President Obama is the 16th, regular radio Internet I have reiterated the need for a wealthy tax increases in his speech.
If until August 2 is not performed legal limit raising of debt, has come out is a concern that the United States falls into the first debt default.
Opposition Republican Party, which holds the majority in the House of Representatives, as we need a clear fiscal consolidation measures to raise the upper limit, has requested the presentation of the spending cuts proposed, such as a significant reduction in the medical and social security system in the Obama administration.
While the administration has shown a certain social security cost-containment measures, as also we need reform in the revenue side to fiscal consolidation, the abolition of the wealthy tax cuts that were introduced before the regime bush, oil industry, which has made huge profit It was counter-proposal and the abolition of tax incentives to such.
By the abolition of the wealthy tax cuts, it is expected to tax revenues of 3 trillion $ 600 billion (284 trillion 800 billion yen) over the next 10 years. But Republicans are fiercely rebound, expected to negotiations settled does not have standing.
Obama in his speech of the 16th, for the fiscal consolidation measures "the most to wealthy Americans, it'll have to keep you the burden of equivalent, the problem can not be resolved" was again stressed.
"Oil company that has made tens of billions of dollars profit is I do not think I received a special tax deduction. Of hedge fund managers is, it is no excuse if there is a thing that needs the lower than his secretary tax rate" and and he said, "We no choice but to ask you to share the sacrifice to the wealthy" was said. "
Personally, legal upper limit problem of American government debt, it does not have to worry too much. Anyway, and then we have decided to compromise in the last minute of the stage is achieved, the first place where it has reached the debt ceiling, does not separate from the United States Treasury to default. If the FRB is buying US Treasury bonds, so will the wafer after being subjected to talk. (I do not know I might downgrade some)
Or also referred to as a problem than that, importantly, is the Obama administration,
"Abolition of wealthy tax cuts that have been introduced in the Bush regime, the abolition of tax incentives to the petroleum industry has made huge profits."
It is that it proposes. In other words, it is a clean-up of trickle-down policy.
As far as the current state of the American situation, the above suggestions of the Obama administration is the correct solution. Trickle-down theory is "not proceed to the theory as" thing, because I mean that out already result.
That said, in the current situation where the power of the Republican Party is growing, the Obama administration policy change of trickle-down policy would be difficult. On the contrary, Republicans because is why has come up with trickle-down policy of "significant reduction of the medical and social security system" even until now, the United States of the situation is serious.
Even so, the red flag of the investigation capacity is still amazing. Problem, but it's a point arises in that the "strange" policy is the Japanese Communist Party conceived from the correct current status recognition. Watakushi frequently,
"Without the correct problem recognition, it is not Umidase correct solution"
And, it is to write you,
"If the correct problem recognition, correct solutions Umidaseru"
There is no necessarily.
That said, although there is existence value than the Communist Party is the Democratic Party of Japan (Japanese) I think no doubt.
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_34.html#GDP
That said, raising the tax rate under deflation, reduce the national disposable income, will reduce the GDP of the "next step" and (of course). Result, but is why would decrease also tax revenue of the government, it does not focus to "how increasing the GDP" in the deflationary environment, the Kaee be stupid politicians repeated and tax increases tax increase is attached to the seat of government, much Japan It is something. (PIGS countries because there is no means to the other, we have to abandon the GDP growth)
Basically, the policy of the government is of such should be focused on "how increasing the GDP". Trickle-down effect of the above, I mean that one method of "how increasing the GDP". In other words, by favoring the rich, asked to expand them to the "investment", it is a translation has on the idea that benefits are spread to the entire if GDP growth.
Of course, it is tax cuts to the rich, than disposable income has increased the results "savings" resulting in expansion does not make sense. And it I must get only increase investment (or consumption). Above Wikipedia, for trickle-down theory,
"Expansion of the pie at the macro level, not the powerful research exists to support that lead to improving the economic situation of the poor."
And it has been criticized, but Watakushi first place "at the macro level, the pie is really to expand (= GDP to grow) wonder," you have a question. Now that you have increased the politically rich of disposable income, it is simply not help but think as only to expand savings. In particular, as long as it is a country suffering from the current deflation as Japan, it is even more.
In addition, the trickle-down theory is also criticism that leads to the "widening gap". In fact, in the United States that trickle-down theory has been moved to the practice, disparities and I have expanded enough to chilling.
According to a survey by the American think tank EPI, through 1979-06, the ratio of the country's top 1% of income is the total national income, I was increased from 10% to 22.9%. income share of the top 1% of the people get is, versus I is not had expanded to more than double in the national income ratio. Moreover, growth of the top 0.1 percent of income even in tremendous condition, from versus national income ratio of 3.5% of the '97, in '06 it was increased to 11.6%.
Of particular it seems to issue, as a result of the policy of "wealthy preferential treatment" based on the trickle-down theory has been carried out, the majority of the increase in income, are also placed in the fact that wealthy had won. For example, in the period of 1989-06, out of the national income, which increased in the United States, it has gained 91 percent in just the wealthy of the top one percent. Also, if geared to the top 1%, and has won 59 percent of the national income, which increased in the same period.
The "fruit" generated by the trickle-down policy, after all is that wealthy had almost hog (?), There is the American reality.
All in all, the Obama administration has embarked on a negation of the trickle-down theory.
"US President" funny tax cuts to huge surplus company "to high-net-worth tax increase claiming fiscal reconstruction measures Republican Party, fiercely repelling
http://www.jcp.or.jp/akahata/aik11/2011-07-18/2011071807_01_1.html
US debt has reached the legal limit of 14 trillion 294 billion US dollars (about 1131 trillion yen), in which the Congress leadership of the Obama administration and the ruling and opposition parties continue to negotiate On fiscal consolidation measures, President Obama is the 16th, regular radio Internet I have reiterated the need for a wealthy tax increases in his speech.
If until August 2 is not performed legal limit raising of debt, has come out is a concern that the United States falls into the first debt default.
Opposition Republican Party, which holds the majority in the House of Representatives, as we need a clear fiscal consolidation measures to raise the upper limit, has requested the presentation of the spending cuts proposed, such as a significant reduction in the medical and social security system in the Obama administration.
While the administration has shown a certain social security cost-containment measures, as also we need reform in the revenue side to fiscal consolidation, the abolition of the wealthy tax cuts that were introduced before the regime bush, oil industry, which has made huge profit It was counter-proposal and the abolition of tax incentives to such.
By the abolition of the wealthy tax cuts, it is expected to tax revenues of 3 trillion $ 600 billion (284 trillion 800 billion yen) over the next 10 years. But Republicans are fiercely rebound, expected to negotiations settled does not have standing.
Obama in his speech of the 16th, for the fiscal consolidation measures "the most to wealthy Americans, it'll have to keep you the burden of equivalent, the problem can not be resolved" was again stressed.
"Oil company that has made tens of billions of dollars profit is I do not think I received a special tax deduction. Of hedge fund managers is, it is no excuse if there is a thing that needs the lower than his secretary tax rate" and and he said, "We no choice but to ask you to share the sacrifice to the wealthy" was said. "
Personally, legal upper limit problem of American government debt, it does not have to worry too much. Anyway, and then we have decided to compromise in the last minute of the stage is achieved, the first place where it has reached the debt ceiling, does not separate from the United States Treasury to default. If the FRB is buying US Treasury bonds, so will the wafer after being subjected to talk. (I do not know I might downgrade some)
Or also referred to as a problem than that, importantly, is the Obama administration,
"Abolition of wealthy tax cuts that have been introduced in the Bush regime, the abolition of tax incentives to the petroleum industry has made huge profits."
It is that it proposes. In other words, it is a clean-up of trickle-down policy.
As far as the current state of the American situation, the above suggestions of the Obama administration is the correct solution. Trickle-down theory is "not proceed to the theory as" thing, because I mean that out already result.
That said, in the current situation where the power of the Republican Party is growing, the Obama administration policy change of trickle-down policy would be difficult. On the contrary, Republicans because is why has come up with trickle-down policy of "significant reduction of the medical and social security system" even until now, the United States of the situation is serious.
Even so, the red flag of the investigation capacity is still amazing. Problem, but it's a point arises in that the "strange" policy is the Japanese Communist Party conceived from the correct current status recognition. Watakushi frequently,
"Without the correct problem recognition, it is not Umidase correct solution"
And, it is to write you,
"If the correct problem recognition, correct solutions Umidaseru"
There is no necessarily.
That said, although there is existence value than the Communist Party is the Democratic Party of Japan (Japanese) I think no doubt.
Swamp
"June US employers: 18 000 people increase - unemployment rate worsened to 9.2%, in" deep marsh "
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=adz.LDYgPzZI
Increase in the number of June US non-farm payrolls is a 18,000 person, we stayed in the most modest in the nine months. The unemployment rate unexpectedly increased. The labor market has been shown to be in the still severe situation.
When the US Department of Labor is due to the June employment statistics announced on the 8th, non-farm payrolls (office survey, seasonally adjusted) is an increase compared to the previous month 18,000 people, increased width summarizes the Bloomberg News Economists expected the central value (105,000 people year-on-year) I was far below. May and 25,000 people increased, I have been revised down to less than half of the preliminary (54,000 people year-on-year).
Unemployment rate in June, which is based on household survey rose to 9.2% (previous month by 9.1%), and became the most high level to enter this year. The market had been expected to be unchanged from the previous month. (Koryaku) "
First of all, why did we expect many analysts is the United States the unemployment rate to improve greatly, it is not know at all. Government, in particular has been rumored the financial crisis of local government, government-related employment will have no growth so (actually, 20 005 thousand decrease).
In addition, after the collapse of the bubble economy of Japan, I had to prop up employment, it was the construction industry involved in public works. At that time (up to 96 years), the Japanese government is to reduce the public business, unless extended construction employment, Japan's unemployment rate would have risen to 7-8 percent.
So, although originally I the United States also should I do the same thing, the construction industry-related employment in June was 9,000 decrease. Now even the financial crisis of the United States government has become to enliven on the newspaper, there is also the influence of the tea party, the Obama administration I have sealed the hands of large-scale fiscal stimulus.
Above, "Japan is in economics revolution reconstruction bonds 28 trillion yen large revival!" But Kinoshita teacher in has been emphasized, the collapse of the bubble economy period to be carried as "monetary policy" and "fiscal policy" in the package It does not become. In the "monetary policy only" or "fiscal policy only", you can not easily improve the employment. (Particularly a problem in deflation after the collapse of the bubble, it is employment)
In the case of Japan, because it was trying to cope with "fiscal policy only" after the collapse of the bubble economy, employment "maintenance" was the fullest (than not do is, but better to do I was is better in absolute).
In the United States, influence of Tea Party and Republican Party becomes strong, the Obama administration has tried to cope with only monetary policy (quantitative easing second edition). However, despite increased from the time of the Lehman shock the assets of FRB up to three times near, the unemployment rate does not improve.
Again is the word of Kinoshita teacher but ,,
"Rather than there is a sense that there is money, it is there meaning to be used to borrow money."
It is a story. How much also provide liquidity (reserve deposits) in the bank, if not used it is borrowed, It does not give even affect the GDP, employment does not have the improved specifications.
Quantitative easing second bullet, last month, it was terminated. President Obama aiming a second term, must be to improve the employment environment anyhow. (It is too late, but, of course TPP is also a part of the employment improvement strategy of President Obama)
If earlier the United States, but is where you would do or "'m sure if war", looking at the current withdrawal state, it also would be difficult.
America seems exactly is being fitted into the "swamp".
Approval of 3.2 billion euros to Greece financing execution: "IMF
http://www.bloomberg.co.jp/apps/news?pid=90920012&sid=aoYQSt5tfaTA
International Monetary Fund (IMF) approved a 3.2 billion euros of financing execution based on the Greek rescue program in collaboration with the European Union (EU). We made a statement in the e-mail. "
That, although short article I had listed on Bloomberg, what true.
The good technique of people in Europe, and has been fighting in accordance with certain rules, and convenience is bad in themselves there is a thing called "alter the rules." As compared to China and countries such as South Korea to ignore the rules, it is still better, but even so there is no less the case that would have stunned as it were from the Japanese. (Example: rotary engine ban in Le Mans (Matsuda hit), the rule change of the ski jump (such as Japan urged beating), and the like)
If Japanese people will want to say "whether ashamed!", But since they do not do anything, even apart from "culture of shame", you will not care.
November 2008 after the Lehman shock, Europe will suddenly change the accounting standards, we came out to the bold move of "securities held-to-maturity do not apply the fair value accounting". A result, remain such as sub-prime related write-downs have been hiding, sleeping in the balance sheet of even now the European financial institutions (as a bomb).
And, in response to the current Greek crisis, now it is not embarked on change of "rating-related rules."
"EU authorities: eager again to influence the suppression of rating agencies - in Portugal downgrade
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aY.LcSNjvOGk
European policymakers have found that, in response to that the credit rating agency Moody's Investors Service has downgraded the credit rating of Portugal to junk grade (debt ineligible), condemned the major credit rating agencies, must keep its influence When I'm calling again.
Schauble finance ministers of Germany six days and asked about the Portugal downgrade, showed the view that there is a need to put an end to the ratings domination by the three major companies. "If you must suppress the influence of the rating agencies I've been saying from the previous" on which he said, was continued and the exclusive domination of these three companies to "break down" there is a need. (Koryaku) "
"ECB president: to stop the application of the collateral rules for Portugal
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=abbqsLc7mtfg
Trichet of the European Central Bank (ECB) is the 7th, central bank revealed that it has decided to apply discontinuation of the lowest rating rules of collateral for refinancing operations for the Portuguese government bonds.
Zoellick said at a press conference after the policy decision as "decided to stop the application of the minimum credit rating rules of the collateral eligibility requirements" in the ECB of operations "for the securities issued or guaranteed Portuguese government." "
"" European for Europe "the rating company founded - Yunker complained chairman
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=adHPPtuDPfrc
Eurozone Yunker chairman of finance ministers (Eurogroup) (Luxembourg Prime Minister and Treasury phase) is the 7th, for the evaluation of the eurozone countries to be more precise, the European governments, the efforts towards a European rating company founded and it called to strengthen. "
So far, terrible, while keep profit by utilizing a rating of rating agencies, and hit the the rating agencies convenience becomes bad, it is not coming as a "Europe of the rating agency establishment for Europe".
Rating agencies, was the central presence of "Global Financial" which was extended to '07. Also in the sub-prime loans, rating agencies have heavily involved.
The rating agencies, but most globalization began to negative euro that was in progress, is not can be seen the effect of "globalism of demise" is also in such a place.
In any case, swamp the euro's stuck, it is absolutely American is a troublesome than that.
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=adz.LDYgPzZI
Increase in the number of June US non-farm payrolls is a 18,000 person, we stayed in the most modest in the nine months. The unemployment rate unexpectedly increased. The labor market has been shown to be in the still severe situation.
When the US Department of Labor is due to the June employment statistics announced on the 8th, non-farm payrolls (office survey, seasonally adjusted) is an increase compared to the previous month 18,000 people, increased width summarizes the Bloomberg News Economists expected the central value (105,000 people year-on-year) I was far below. May and 25,000 people increased, I have been revised down to less than half of the preliminary (54,000 people year-on-year).
Unemployment rate in June, which is based on household survey rose to 9.2% (previous month by 9.1%), and became the most high level to enter this year. The market had been expected to be unchanged from the previous month. (Koryaku) "
First of all, why did we expect many analysts is the United States the unemployment rate to improve greatly, it is not know at all. Government, in particular has been rumored the financial crisis of local government, government-related employment will have no growth so (actually, 20 005 thousand decrease).
In addition, after the collapse of the bubble economy of Japan, I had to prop up employment, it was the construction industry involved in public works. At that time (up to 96 years), the Japanese government is to reduce the public business, unless extended construction employment, Japan's unemployment rate would have risen to 7-8 percent.
So, although originally I the United States also should I do the same thing, the construction industry-related employment in June was 9,000 decrease. Now even the financial crisis of the United States government has become to enliven on the newspaper, there is also the influence of the tea party, the Obama administration I have sealed the hands of large-scale fiscal stimulus.
Above, "Japan is in economics revolution reconstruction bonds 28 trillion yen large revival!" But Kinoshita teacher in has been emphasized, the collapse of the bubble economy period to be carried as "monetary policy" and "fiscal policy" in the package It does not become. In the "monetary policy only" or "fiscal policy only", you can not easily improve the employment. (Particularly a problem in deflation after the collapse of the bubble, it is employment)
In the case of Japan, because it was trying to cope with "fiscal policy only" after the collapse of the bubble economy, employment "maintenance" was the fullest (than not do is, but better to do I was is better in absolute).
In the United States, influence of Tea Party and Republican Party becomes strong, the Obama administration has tried to cope with only monetary policy (quantitative easing second edition). However, despite increased from the time of the Lehman shock the assets of FRB up to three times near, the unemployment rate does not improve.
Again is the word of Kinoshita teacher but ,,
"Rather than there is a sense that there is money, it is there meaning to be used to borrow money."
It is a story. How much also provide liquidity (reserve deposits) in the bank, if not used it is borrowed, It does not give even affect the GDP, employment does not have the improved specifications.
Quantitative easing second bullet, last month, it was terminated. President Obama aiming a second term, must be to improve the employment environment anyhow. (It is too late, but, of course TPP is also a part of the employment improvement strategy of President Obama)
If earlier the United States, but is where you would do or "'m sure if war", looking at the current withdrawal state, it also would be difficult.
America seems exactly is being fitted into the "swamp".
Approval of 3.2 billion euros to Greece financing execution: "IMF
http://www.bloomberg.co.jp/apps/news?pid=90920012&sid=aoYQSt5tfaTA
International Monetary Fund (IMF) approved a 3.2 billion euros of financing execution based on the Greek rescue program in collaboration with the European Union (EU). We made a statement in the e-mail. "
That, although short article I had listed on Bloomberg, what true.
The good technique of people in Europe, and has been fighting in accordance with certain rules, and convenience is bad in themselves there is a thing called "alter the rules." As compared to China and countries such as South Korea to ignore the rules, it is still better, but even so there is no less the case that would have stunned as it were from the Japanese. (Example: rotary engine ban in Le Mans (Matsuda hit), the rule change of the ski jump (such as Japan urged beating), and the like)
If Japanese people will want to say "whether ashamed!", But since they do not do anything, even apart from "culture of shame", you will not care.
November 2008 after the Lehman shock, Europe will suddenly change the accounting standards, we came out to the bold move of "securities held-to-maturity do not apply the fair value accounting". A result, remain such as sub-prime related write-downs have been hiding, sleeping in the balance sheet of even now the European financial institutions (as a bomb).
And, in response to the current Greek crisis, now it is not embarked on change of "rating-related rules."
"EU authorities: eager again to influence the suppression of rating agencies - in Portugal downgrade
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aY.LcSNjvOGk
European policymakers have found that, in response to that the credit rating agency Moody's Investors Service has downgraded the credit rating of Portugal to junk grade (debt ineligible), condemned the major credit rating agencies, must keep its influence When I'm calling again.
Schauble finance ministers of Germany six days and asked about the Portugal downgrade, showed the view that there is a need to put an end to the ratings domination by the three major companies. "If you must suppress the influence of the rating agencies I've been saying from the previous" on which he said, was continued and the exclusive domination of these three companies to "break down" there is a need. (Koryaku) "
"ECB president: to stop the application of the collateral rules for Portugal
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=abbqsLc7mtfg
Trichet of the European Central Bank (ECB) is the 7th, central bank revealed that it has decided to apply discontinuation of the lowest rating rules of collateral for refinancing operations for the Portuguese government bonds.
Zoellick said at a press conference after the policy decision as "decided to stop the application of the minimum credit rating rules of the collateral eligibility requirements" in the ECB of operations "for the securities issued or guaranteed Portuguese government." "
"" European for Europe "the rating company founded - Yunker complained chairman
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=adHPPtuDPfrc
Eurozone Yunker chairman of finance ministers (Eurogroup) (Luxembourg Prime Minister and Treasury phase) is the 7th, for the evaluation of the eurozone countries to be more precise, the European governments, the efforts towards a European rating company founded and it called to strengthen. "
So far, terrible, while keep profit by utilizing a rating of rating agencies, and hit the the rating agencies convenience becomes bad, it is not coming as a "Europe of the rating agency establishment for Europe".
Rating agencies, was the central presence of "Global Financial" which was extended to '07. Also in the sub-prime loans, rating agencies have heavily involved.
The rating agencies, but most globalization began to negative euro that was in progress, is not can be seen the effect of "globalism of demise" is also in such a place.
In any case, swamp the euro's stuck, it is absolutely American is a troublesome than that.
To write a prescription, it's necessary to understand the exact diagnosis and pathogenesis
The But not much related to the body, because the data of 2010 of the major countries has been published, it updates here also dependence on foreign trade, export dependence, the dependence on imports.
[2010 major countries dependence on foreign trade, dependence on exports, dependence on imports]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_33.html#Boeki
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_33.html#Yushutsu
Source: JETRO, Cabinet Office, Ministry of Finance
※ trade dependence = (exports + imports of goods of goods) ÷ nominal GDP
※ export ÷ nominal GDP of export dependence = goods
※ import ÷ nominal GDP of dependence on imports = goods
Dependence on exports is in ascending order, Brazil, the United States, Japan. Dependence on imports is in ascending order, Brazil, Japan, the United States. Numerical value of this area has not changed much.
By the way, why this time Speaking of what not on French data, because that is not why posted the GDP data, and the like of the '10 edition of France to JETRO. Because I think of them rests, we will it also updates if that happened.
Focusing on trade dependence and dependence on exports, this year (rather than 2010) I numerical value of Korea and Germany have increased at once. The two countries, is that completely foreign demand dependence is growing. In particular South Korea, trade dependence on me 87.9%, to what extent will the domestic demand is weak.
The South Korea and summarizes the Japan like "The external demand dependence on high Japan and Korea", I can not believe that there are critics to put a stupid Makurakotoba. I'm sure, or head as it is not possible to understand the data is bad, you'll either have not seen any data.
Well, the main topic. Because Summers Mr. has written a "long ~ Lee column" Reuters, published the first half only.
"Column: US employment crisis, the economy in the midst of a lost decade = Summers Mr.
http://jp.reuters.com/article/mostViewedNews/idJPJAPAN-21673520110613
The United States has prevented skillfully collapse and depression of financial by mobilizing the policy in 2008 ─ 09 years and the domestic economy is in the midst of '10 still lost.
First quarter ─ 2011 year average economic growth rate of five-year first quarter 2006 is not less than 1%, it is in situations such as similar to the post-bubble Japan. During this period, the employment rate decreased to 58.4% from 63.1%. Workers has been reduced more than 10 million people. After bottoming out of the economy also employment rate has not changed much, recently have come up with signs of economic slowdown.
If the situation is prolonged production is below the potential, not only employment and income, the future also be sacrificed. This month, scale graduate students of which could not be imagined once is, there is no work and life means, returned to parents. Budget is insufficient in the United States of the school, reduce the high degree of math and science, only four days a week has come out also teaching is not performed case. Decreased current and future income and tax revenue is a major cause of the current and future of unacceptable budget deficit.
To write a prescription, it's necessary to understand the exact diagnosis and pathogenesis. The recession, demand is too small for the production of the company, it's the state that can not hire job seekers all. The current high unemployment period such as, apparently has been insufficient demand adoption of the company, morale of workers is not missing.
Looking at the current situation (1) turnover and the number of jobs is in close to the record low level, (2), regardless of the skills and educational background, have increased the unemployment rate in almost all groups, (3) profit margin Given the deterioration of the rise and wage increases, workers employer is ── it can be seen that have the power in almost all of the market rather than.
I, the root cause of production is below the potential has been appealed always to be a lack of demand. If you overlook the importance of demand, it is because become a serious thing.
Franklin Roosevelt President, if there is no expansion of the military involved in it and Hitler's rise, would have been deposed as misgovernment who at the beginning 1941. Domestic unemployment rate is more than 15%, even economic recovery wearing a path in the New Deal policy, up to early voices to assert the traditional values of budget deficit reduction and inflation in 1937, the economy able to have hope It was gone.
When I went into the Clinton administration in 1993, the potential growth rate of Japan is 4 percent, view of the gross domestic product is doubled to up to now was common. In fact, Japan's economy is hardly growing at the aftermath of the collapse of the bubble economy.
Constrained ailing economy on demand, a completely different movement from the normal economy. A policy that would lead to growth and job creation would normally, does not exert little effect, or there is a case to become the opposite effect. The constrained economic demand, increasing the potential supply, the effect can not be expected.
Economy is recession, if the move to the expansion of consumer savings and the reduction of borrowing, demand is reduced, and as a result employment also reduced. Regardless of the level of income, vocational training and awareness program might help the individual's employment, as long as the constraints of demand continues, it does not affect the overall number of jobs. Very paradoxically, measures that lead to improved productivity and efficiency, as long as the demand does not arouse the same time, there is a fear that leads to a reduction of workers. Overall production levels, because it continues to be constrained demand. (Koryaku) "
Exactly, in the economy that have fallen to the status of "supply capacity> demand" is, measures that lead to the improvement of productivity and efficiency, "as long as you do not want to stimulate demand at the same time", simply the end only of the results increase the unemployed . And, an increase of unemployment leads to a decrease in personal consumption of GDP (etc.), in order to suppress the demand, I fit into the vicious circle of "supply capacity> demand" is increasingly worse.
Summers says is that "the root cause of production is below the potential has been appealed always to be a lack of demand" is, I would think "real or I wish ...", but has written to at least this column It is, I think all's right.
Sick economy that has been constrained to demand, then a very normal economy and different movement. Speaking to Kinoshita Eizo teacher style, it is a "depression economics" "normal economy". Writing is easy to understand more, it is the difference between "deflationary economy," "inflation economy".
Since troublesome it will use the figure at the time of the Nikkei BP series, but in the in the following as domestic supply capacity (potential GDP) is significantly higher than the demand (real demand), deflationary gap is growing, so-called supply economic policies of the side is not valid. more than deflationary gap exists, even if unilaterally expand the potential GDP (supply capacity), it has no meaning. We must also create a "demand" at the same time.
[Real problem deflationary gap in the Japanese economy]
http://business.nikkeibp.co.jp/article/topics/20110224/218588/?SS=nboimgview&FD=54139247
Speaking of who is to expand the "demand", there is no course only government. The return on investment in an environment that is greater than the real interest rate, must not be to us create a demand to take the initiative themselves companies.
And, the government until it can be determined and the economy has emerged to ensure deflation, we must continue to demand creation. As Roosevelt administration and the Hashimoto regime, completely in spite of nor was outgrow deflation, when you turn off the rudder to the austerity route, it will be once again revert to panic.
Even so, free trade advocate of crisp and Summers who was globalization advocates, and called out, such as "The problem is demand," If you are reading the column, certain, there is something eerie.
Expected to be we hit near the end of the column, Summers said,
"For example, the Obama administration, modernization of export control, selling in overseas of US products, through the engagement and the entry into force of the trade agreement, has been an important task of promoting the export."
It has said such.
I supplement the domestic lack of demand in export promotion, and Oh yeah free trade rather than such, it would be just a beggar-thy-neighbor policies! American pragmatism of this area I think that we should emulate, but for the time being on the understanding "American strategy", and I'll be referred to as "TPP! TPP!", Japanese media of everyone.
American trauma
[Reference] question to Nihon Keizai Shimbun http://ameblo.jp/takaakimitsuhashi/entry-10898259641.html
For publishers, the newspaper that is to reject the ads, (you've never heard or say) unprecedented and seems to talk. Watakushi etc., Asahi Shimbun of example is remembered the incident in which the part of the Shukan Shincho of advertising to black, I had thought that the thing that it is frequently, but never so such a thing is not.
Asahi Shimbun that the part of the Shukan Shincho of advertising was in black painted, there seems for "was criticized their". The truth of the thing aside, Asahi Shimbun side is considered "Shukan Shincho has been unfairly criticized the company!", It seems to have painted black the part of the ad.
Come to think of it, recently there was this incident.
"" Black-painted Bunshun to Asahi Shimbun, "the rebound in advertising TEPCO president HR" misinformation "pointed out?
http://www.j-cast.com/2011/05/26096655.html
Yomiuri Shimbun is a problem that was misinformation the name of the TEPCO next president, was flying sparks in ad 1 of the weekly magazine. In an article that Shukan Bunshun to explain the background of misinformation, Asahi Shimbun also pointed out that was a false alarm as well. Is this the have led to a rebound of the morning sun, in the Bunshun of the ads in the Asahi Shimbun, he name of Asahi is in the "black".
Asahi, while the original advertisement has been described that it has received while being black, the ads in Yomiuri are not black somehow. (Koryaku) "
Because here we have explained Asahi Shimbun is to be "received in a state in which the advertising of a document has been painted black", and slightly different from the matter of Shukan Shincho. In any case, the Asahi Shimbun is to me for a black advertising (aside Who paint black) is, there mean that only the case that involved the company.
In contrast, advertising refusal of Nikkei, if not also mean criticized separately Nikkei, the first place despite the absence of the word "Nihon Keizai Shimbun" in this ad, it means that posted refused, quite "unusual" events In there like. Just because our claims about the ad wording and TPP is not somthing, Nikkei, which was refused the paper advertising. Everyone, for your contribution to diffusion, please please.
[American unemployment rate (long-term) Unit:%]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
Source: IMF
※ 2011 years of May Numerical
May of the American unemployment rate, we have to deteriorate again.
"May US employers: 50,000 increase to the rapid deceleration, the unemployment rate is 9.1% and the year-to-date best
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=asX_wHywL_6g
Increase in the number of May of the US non-farm payrolls was only the most modest in eight months. The unemployment rate rose to 9.1%, contrary to expectations. It became the highest level in the year-to-date.
According to the US Labor Department May employment statistics, which was announced three days, non-farm payrolls (office survey, seasonally adjusted) is an increase compared to the previous month 54,000 people, increased width summarizes the Bloomberg News It was less than economists expected the central value (165,000 people year-on-year). April was revised downward to 232,000 people increased.
North America chief economist at BNP Paribas, said Julia Coronado (New York Zaikin) receives the current statistics, financial authorities are likely to be maintained at near zero well into next year the policy rate to be pointed out that increased.
He is "pretty tough number", it was said, "coupled with the deceleration of employment to driving force is had been somewhat lost. Personal consumption, the reduction of employment pace has occurred is concern that is persists for a while."
Non-agricultural employment in the private sector and 83 000 people increase, growth was reduced 168,000 people compared to the previous month of 251 000 people up. Market forecast was 170,000 increase.
Employers in the manufacturing sector became the 5,000 decline. Market expectations was one million people increase. Previous month to 24,000 people increased. Manufacturing industry the number of employees minus the first time in seven months.
Employment of government-related agencies 29,000 people down. Reduction in state government and local governments stricken financial crisis has been reflected. Employment of the federal government has increased 1000 people. (Koryaku) "
Looking at the American unemployment rate of long-term, the current situation is you will see that almost the same situation as the "devastation to the United States" era of President Reagan's initial from President Carter. Moreover, worsening pace of the unemployment rate since '08 Lehman shock is not odd. I wrote several times, the United States unemployment rate of 25 percent in the Great Depression of the early 1930s, because the general public has experienced a tremendous situation that fainting in the city in hunger, rise in the unemployment rate "national It is a trauma. "
In response to rising unemployment in the early 1980s, the US Reagan administration began to "export expansion of services" military spending expansion and, then was celebrated aspects that go down to as soon as the unemployment rate. In that sense, I think that it is interesting to TPP think of what it is. What is also repeating too late, but it is not only "services (and agricultural) exports to other countries" strategy based on American exports doubling plan and TPP.
Increase exports, in order to improve the employment environment, you can only "wrest the employment of other countries." Is referred to you or with, in his State of the Union speech this year in January, but President Obama is himself so declared,
"TPP is the opening of the country of Heisei"
Slogan, etc., you find that no matter how capture the reality.
It seems tedious, services to the Japanese market for US employment improvement of their (financial, insurance, investment, etc.) sell the various non-tariff barriers: to try to eliminate (representative Japanese), the country It is natural given the national interests. Moreover, the United States does not even try to hide any purpose and strategy, if Japan signed a trade agreement as "change the country of form", it was to cooperate with the United States of employment improvement, just " It will to the fact that Japan's problem. "
Even so, to expand the quantitative easing so far, while not bother around the world in the dollar and commodity prices rise, because the unemployment rate is not not quite improved, you can see the severity of the American predicament. In the United States to improve the unemployment rate is, after all, such as manufacturing and construction, we must revive the domestic industry.
However, it pierces the Republican Party to the contrary attitude about fiscal stimulus, as was also in yesterday's entry, it is a situation which is at odds to the dispute at the upper limit value pulling of government bonds outstanding. Here this month, because is not quantitative easing is completed, the United States can not help but said that was supposed to greet a quite serious aspects.
Or more, which is fitted with a frame to fiscal stimulus, but it is is not only to implement the quantitative easing third series as the United States, even so that it does not much help to the improvement of the unemployment rate, had been demonstrated in the second edition It is.
"Early resignation theory from Cabinet ... disaster prevention phase" full in June. "
http://www.yomiuri.co.jp/politics/news/20110603-OYT1T00931.htm
Kan Cabinet of several ministers three days revealed the idea of seeking the decision of early resignation to Prime Minister Kan.
Democrats also but within the group of the Prime Minister support, raised the voice to be that we should be deposed in early. Opposition parties such as the Liberal Democratic Party, while Misadame trends in these Democratic Party, it is thought to explore the submission period of Prime Minister censure resolution to the House of Councillors.
Matsumoto disaster prevention phase at a press conference after the cabinet meeting three days, talked about the prime minister deposed time of that "is in my head there is that in June full".
Matsumoto Foreign Minister the same day evening press conference, said, "6 and 7, is that in August, or is not a common-sense one way of thinking."
Kitazawa Defense Minister involved in the creation of the memorandum of understanding that Prime Minister Hatoyama before Prime Minister must be agreed upon two days as a "verification matter" is the 3rd night, and round-table with the accompanying reporters in Singapore on a visit, and "made on the assumption resignation" It was stated. On top of that, Prime Minister Hatoyama pointed out, "It is important to ensure that they check the true meaning to each other again." "
Over there to cheat the Hatoyama former prime minister in the blatant "shenanigans", more than it tried to maintain power, there is no supposed to need truly free. Because is not even Kitazawa defense phase of would have been a close aide of Prime Minister Kan has said, "was made on the assumption resignation", Prime Minister of the centripetal force has plummeted.
Once this happens, through a reconstruction budget Earthquake Countermeasures Basic Law, because resignation is, you need less damage is also even for the Democratic Party for most Kan. That said, it is not be measured in this kind of common sense, but I figure that Naoto Kan.
For publishers, the newspaper that is to reject the ads, (you've never heard or say) unprecedented and seems to talk. Watakushi etc., Asahi Shimbun of example is remembered the incident in which the part of the Shukan Shincho of advertising to black, I had thought that the thing that it is frequently, but never so such a thing is not.
Asahi Shimbun that the part of the Shukan Shincho of advertising was in black painted, there seems for "was criticized their". The truth of the thing aside, Asahi Shimbun side is considered "Shukan Shincho has been unfairly criticized the company!", It seems to have painted black the part of the ad.
Come to think of it, recently there was this incident.
"" Black-painted Bunshun to Asahi Shimbun, "the rebound in advertising TEPCO president HR" misinformation "pointed out?
http://www.j-cast.com/2011/05/26096655.html
Yomiuri Shimbun is a problem that was misinformation the name of the TEPCO next president, was flying sparks in ad 1 of the weekly magazine. In an article that Shukan Bunshun to explain the background of misinformation, Asahi Shimbun also pointed out that was a false alarm as well. Is this the have led to a rebound of the morning sun, in the Bunshun of the ads in the Asahi Shimbun, he name of Asahi is in the "black".
Asahi, while the original advertisement has been described that it has received while being black, the ads in Yomiuri are not black somehow. (Koryaku) "
Because here we have explained Asahi Shimbun is to be "received in a state in which the advertising of a document has been painted black", and slightly different from the matter of Shukan Shincho. In any case, the Asahi Shimbun is to me for a black advertising (aside Who paint black) is, there mean that only the case that involved the company.
In contrast, advertising refusal of Nikkei, if not also mean criticized separately Nikkei, the first place despite the absence of the word "Nihon Keizai Shimbun" in this ad, it means that posted refused, quite "unusual" events In there like. Just because our claims about the ad wording and TPP is not somthing, Nikkei, which was refused the paper advertising. Everyone, for your contribution to diffusion, please please.
[American unemployment rate (long-term) Unit:%]
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
Source: IMF
※ 2011 years of May Numerical
May of the American unemployment rate, we have to deteriorate again.
"May US employers: 50,000 increase to the rapid deceleration, the unemployment rate is 9.1% and the year-to-date best
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=asX_wHywL_6g
Increase in the number of May of the US non-farm payrolls was only the most modest in eight months. The unemployment rate rose to 9.1%, contrary to expectations. It became the highest level in the year-to-date.
According to the US Labor Department May employment statistics, which was announced three days, non-farm payrolls (office survey, seasonally adjusted) is an increase compared to the previous month 54,000 people, increased width summarizes the Bloomberg News It was less than economists expected the central value (165,000 people year-on-year). April was revised downward to 232,000 people increased.
North America chief economist at BNP Paribas, said Julia Coronado (New York Zaikin) receives the current statistics, financial authorities are likely to be maintained at near zero well into next year the policy rate to be pointed out that increased.
He is "pretty tough number", it was said, "coupled with the deceleration of employment to driving force is had been somewhat lost. Personal consumption, the reduction of employment pace has occurred is concern that is persists for a while."
Non-agricultural employment in the private sector and 83 000 people increase, growth was reduced 168,000 people compared to the previous month of 251 000 people up. Market forecast was 170,000 increase.
Employers in the manufacturing sector became the 5,000 decline. Market expectations was one million people increase. Previous month to 24,000 people increased. Manufacturing industry the number of employees minus the first time in seven months.
Employment of government-related agencies 29,000 people down. Reduction in state government and local governments stricken financial crisis has been reflected. Employment of the federal government has increased 1000 people. (Koryaku) "
Looking at the American unemployment rate of long-term, the current situation is you will see that almost the same situation as the "devastation to the United States" era of President Reagan's initial from President Carter. Moreover, worsening pace of the unemployment rate since '08 Lehman shock is not odd. I wrote several times, the United States unemployment rate of 25 percent in the Great Depression of the early 1930s, because the general public has experienced a tremendous situation that fainting in the city in hunger, rise in the unemployment rate "national It is a trauma. "
In response to rising unemployment in the early 1980s, the US Reagan administration began to "export expansion of services" military spending expansion and, then was celebrated aspects that go down to as soon as the unemployment rate. In that sense, I think that it is interesting to TPP think of what it is. What is also repeating too late, but it is not only "services (and agricultural) exports to other countries" strategy based on American exports doubling plan and TPP.
Increase exports, in order to improve the employment environment, you can only "wrest the employment of other countries." Is referred to you or with, in his State of the Union speech this year in January, but President Obama is himself so declared,
"TPP is the opening of the country of Heisei"
Slogan, etc., you find that no matter how capture the reality.
It seems tedious, services to the Japanese market for US employment improvement of their (financial, insurance, investment, etc.) sell the various non-tariff barriers: to try to eliminate (representative Japanese), the country It is natural given the national interests. Moreover, the United States does not even try to hide any purpose and strategy, if Japan signed a trade agreement as "change the country of form", it was to cooperate with the United States of employment improvement, just " It will to the fact that Japan's problem. "
Even so, to expand the quantitative easing so far, while not bother around the world in the dollar and commodity prices rise, because the unemployment rate is not not quite improved, you can see the severity of the American predicament. In the United States to improve the unemployment rate is, after all, such as manufacturing and construction, we must revive the domestic industry.
However, it pierces the Republican Party to the contrary attitude about fiscal stimulus, as was also in yesterday's entry, it is a situation which is at odds to the dispute at the upper limit value pulling of government bonds outstanding. Here this month, because is not quantitative easing is completed, the United States can not help but said that was supposed to greet a quite serious aspects.
Or more, which is fitted with a frame to fiscal stimulus, but it is is not only to implement the quantitative easing third series as the United States, even so that it does not much help to the improvement of the unemployment rate, had been demonstrated in the second edition It is.
"Early resignation theory from Cabinet ... disaster prevention phase" full in June. "
http://www.yomiuri.co.jp/politics/news/20110603-OYT1T00931.htm
Kan Cabinet of several ministers three days revealed the idea of seeking the decision of early resignation to Prime Minister Kan.
Democrats also but within the group of the Prime Minister support, raised the voice to be that we should be deposed in early. Opposition parties such as the Liberal Democratic Party, while Misadame trends in these Democratic Party, it is thought to explore the submission period of Prime Minister censure resolution to the House of Councillors.
Matsumoto disaster prevention phase at a press conference after the cabinet meeting three days, talked about the prime minister deposed time of that "is in my head there is that in June full".
Matsumoto Foreign Minister the same day evening press conference, said, "6 and 7, is that in August, or is not a common-sense one way of thinking."
Kitazawa Defense Minister involved in the creation of the memorandum of understanding that Prime Minister Hatoyama before Prime Minister must be agreed upon two days as a "verification matter" is the 3rd night, and round-table with the accompanying reporters in Singapore on a visit, and "made on the assumption resignation" It was stated. On top of that, Prime Minister Hatoyama pointed out, "It is important to ensure that they check the true meaning to each other again." "
Over there to cheat the Hatoyama former prime minister in the blatant "shenanigans", more than it tried to maintain power, there is no supposed to need truly free. Because is not even Kitazawa defense phase of would have been a close aide of Prime Minister Kan has said, "was made on the assumption resignation", Prime Minister of the centripetal force has plummeted.
Once this happens, through a reconstruction budget Earthquake Countermeasures Basic Law, because resignation is, you need less damage is also even for the Democratic Party for most Kan. That said, it is not be measured in this kind of common sense, but I figure that Naoto Kan.
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