Japan's slip into surprise recession paves way for tax delay, snap poll

[Lethn]

http://www.reuters.com/article/2014/11/17/us-japan-economy-idUSKCN0J00X820141117

The crash is starting, other economies are beginning to slow down as well.

[RoadTrain]

No surprise, given that they raised the sales levy in a structurally weak economy. They just walked into the same trap twice.

[1Referee]

Not sure why people are so surprised about this news.

Japanese government will just do what it does the best, which is pumping billions in their economy hoping to get a temporarily created growth...

[BRE]

The question facing Japan Prime Minister is whether he can press ahead more quickly with important reforms, either in his current administration or after a fresh election. Based on his recent track record, we don’t have reason to be confident. But who knows , maybe Japan will give the world big suprise next , ofc in the good way.

[RoadTrain]

The question facing Japan Prime Minister is whether he can press ahead more quickly with important reforms, either in his current administration or after a fresh election. Based on his recent track record, we don’t have reason to be confident. But who knows , maybe Japan will give the world big suprise next , ofc in the good way.

The only thing they have managed to do by now is engage in this questionable QE policy, driving down the yen.
I don't think they can achieve anything new by eroding consumers purchasing power. The same old 'weaken the yen, boost exports' policy.

[Erdogan]

Double harakiri.

[pattu1]

The question facing Japan Prime Minister is whether he can press ahead more quickly with important reforms, either in his current administration or after a fresh election. Based on his recent track record, we don’t have reason to be confident. But who knows , maybe Japan will give the world big suprise next , ofc in the good way.

The people of Japan are going to judge whether his track record is good enough. Hopefully, the next government should manage to navigate Japan out of this crisis.

[Lethn]

The question facing Japan Prime Minister is whether he can press ahead more quickly with important reforms, either in his current administration or after a fresh election. Based on his recent track record, we don’t have reason to be confident. But who knows , maybe Japan will give the world big suprise next , ofc in the good way.

The people of Japan are going to judge whether his track record is good enough. Hopefully, the next government should manage to navigate Japan out of this crisis.

Just like with our economies, you can't navigate out of it, you have to destroy it and start over from the beginning.

[yayayo]

No surprise, given that they raised the sales levy in a structurally weak economy. They just walked into the same trap twice.

Exactly.

Surprise only for those who think that repeating the same mistakes over and over gain will somehow magically lead to different results.

But here's some comfort: Japan will not die alone.

ya.ya.yo!

[pattu1]

No surprise, given that they raised the sales levy in a structurally weak economy. They just walked into the same trap twice.

Exactly.

Surprise only for those who think that repeating the same mistakes over and over gain will somehow magically lead to different results.

But here's some comfort: Japan will not die alone.

ya.ya.yo!

Their QE, together with all the other countries' QE, is what is going to drive Bitcoin up. 

[sonofacoin]

They need Yellen...


Japanese QE might just work... who knows..

[Lethn]

Quantitative Easing is nothing more than a coup d'etat on a countries' economy by its central bank, they print money, buy up assets to prop them up and it all comes crashing down, destroying a countries currency doesn't save it, it just destroys it.

[sonofacoin]

QE is like the weight you put on your steak to keep the juices...

So you think this is the first time in the history of every country that money is being printed? It is always been printed! And BTW, money is not literally printed, well some is but mostly it is cerated out of thin air... on books and ledgers..

Unfortunately, we live in a market machine... QE is needed by us, and by them... Unless we don't want computers, internet, or anything..

Try paying your fellow bitcoin miner with a bag of apples...

[Lethn]

You know nothing if you're claiming that money isn't literally printed or that money has been printed recently, not only is it printed, the banks have been caught repeatedly messing with the numbers on their computers, you clearly don't know much about reserve ratios either. Back in the day, Rome and Athens mixed copper into their gold coins to inflate their currency and that practice is just as fraudulent as printing paper, the only difference is, printing paper is easier and costs less money.

With silver coinage for example this practice was in place in America and you had coins getting 50% copper mixed in with the silver and it's just pure fraud designed to make people think they're getting more money when in fact it's just the mints messing with the currency so the governments can buy more stuff, it's only recently we switched entirely to paper because of how difficult it is to fake silver and gold.

[sonofacoin]

OMG, read a little and come back to us...

I did say, some is printed... the rest is just on books.. for now.

When the government "prints" money.. for some part yes, paper bills are actually printed... But for the greater part, money is created on books and notes... out of thin air my friend.


When the government is to "print" money to bail out Banks... you think the banks give a shit about having actual paper money? No, they just want to erase their debt on book. This Air Money provide them the backing they desperately need to prove their investors they have now financial support...

You really think the government is printing billions of One dollar, 20 dollar, etc etc bills?

Please please.. read and read some more.

In what we can agree is money is been created out of thin air...

[Swordsoffreedom]

http://www.reuters.com/article/2014/11/17/us-japan-economy-idUSKCN0J00X820141117

The crash is starting, other economies are beginning to slow down as well.

Well that was because of an interest rate policy change in Japan
That led to its neighbors China and Korea responding in kind with their exchange rates.
Not too surprising to me

[STT]

If you believe rainbows are magical you may be surprised infinitely that a pot of gold is never found at the end of one.
  Yet again we are surprised that more QE is not a solution to top lesser amounts of QE for stimulating real growth in an economy.  It does raise prices and weaken currency which lowers wage value and quite logically reduces the ability of the common shopper to buy as much goods as previous to the QE being engaged.  That'd be ok if production and exports rose but apparently they didnt and Japanese (working) population is declining as is China

[sonofacoin]

If you believe rainbows are magical you may be surprised infinitely that a pot of gold is never found at the end of one.
  Yet again we are surprised that more QE is not a solution to top lesser amounts of QE for stimulating real growth in an economy.  It does raise prices and weaken currency which lowers wage value and quite logically reduces the ability of the common shopper to buy as much goods as previous to the QE being engaged.  That'd be ok if production and exports rose but apparently they didnt and Japanese (working) population is declining as is China

What you described above is 100% spot on.

Japan is fighting Deflation.... Deflation is when you can buy more with your money... Alas! But we thought that was a good thing... yes it is good for us, the normal people. But deflation is not good for the big capitalist pigs... Deflation causes the Machine to lose profits, and to hold on to profits and report good earnings per share the companies then have to lay off workers.

We are all in this together, like it or not. Better start liking it now and understand it so we can all learn how to benefit.

QE, as STT described above, creates Inflation which is the pressure the machine needs to make the market work and move around. It also weakens the currency, which is the bad-ass thing to do now by many countries in order to compete in this global economy.

I know, the world is all fucked up because of a few that want to make money. Either join the Bitcoin revolution or learn the game and f@ck them in the arss.

[panju1]

If you believe rainbows are magical you may be surprised infinitely that a pot of gold is never found at the end of one.
  Yet again we are surprised that more QE is not a solution to top lesser amounts of QE for stimulating real growth in an economy.  It does raise prices and weaken currency which lowers wage value and quite logically reduces the ability of the common shopper to buy as much goods as previous to the QE being engaged.  That'd be ok if production and exports rose but apparently they didnt and Japanese (working) population is declining as is China

With QE, you expect your currency to depreciate versus other currencies, resulting in an increase in exports. The problem with that expectation is that all other countries are trying their own version of QE. So in the end, you have inflation with no growth in production/exports.

[Erdogan]

The surprice recession was not a surprice to all of us.

Note, the surprice word is used to cover over errors in thinking, it happens all over the political scene.