OECD: End nears for Japan's deflationary spiral
http://edition.cnn.com/2013/05/29/business/japan-oecd/index.html?iref=allsearch
CNN, May 29th, 2013
Summary
In order to stop deflation that has been lasted for 14 years, Japanese government, under prime minster Abe Shinzo, embarked an economic plan of recovering Japanese economy from recession, a project called "Abenomics." Since it has been started in February, Japanese economy has seemed to be recovered from perpetuate deflation. On the other hand, because of excessive government spending, Japan's national debt has arose significantly. Experts are skeptical whether Japan can keep this inflation trend while putting down skyrocketed national debt to normal level.
My thought
I don't agree upon Abenomics since it is negatively affection other countries' economy. Because of Japan's excessive depreciation of Yen, Korea, China, Europe, and even America are having difficulties in exporting goods to Japan while low price of Japanese imports are threatening domestic products. In addition, this economic upheaval is already brining about side-effects, including increase of national debt, and some experts even say that Abenomics is a temporary stopgap and cannot solve out fundamental problems lying on Japanese economy. For the most part, I'm skeptical that Abenomics may bring about positive influence on world economy as whole.
It is the post modern econmic conflicts. I think it is very dis-optimistic to see this happens. The government in the globe should cooperate for stable world economy
ReplyDeleteThe Japanese government should reduce its spending due to the fact that they can get our of national debt.
ReplyDeleteDeflation! Japan need to do something about it, they might not be able to get over their national debt.
ReplyDeleteI also think that Abenomics is not that a good choice. Japanese government should look the other way of developing economy, which can only bring positive effects
ReplyDeleteIt seems that you hate Abenomics. I think you commented on one of my earlier current events that Abenomics are making Japan's economy fall. I hope that Japan's economic situation gets better as it is directly linked to our economic health.
ReplyDeleteDeflation...inflation...In the world of economics (though it is same in every other field), both "too low" (deflation) and "too high" (inflation) can be a problem. It must be a real pain for those who set economic policies.. I pity them, actually. GRACE
ReplyDelete14 years! wow, the deflation is really serious problem. It cannot be too low or too high. I hope the government and citizens to solve these problems
ReplyDeleteapple added some more?? about half of students in kapa are using apple computer, and more than half students have at least one apple product. it is amazing that they are doing something more to improve their thing.
ReplyDeleteAbenomics! "Four score and seven stock market crashes ago, our forefathers brought forth upon this physics course, a new principle of deflation, conceived in the Combined Gas Law, and dedicated to the proposition that PV and nRT are created equal... It is altogether fitting and proper that we should do this!"
ReplyDelete