Japan has several head aches and has just resently changed it's constitution to allow military aid to friendly Countries if they come under threat... From simmer to a slow boil, one can only hope that somebody is tending the heat source, when liquid turns into gas all kinds of things might happen... Class Warfare Saps the Economy Why Abenomics Flopped By Mike Whitney July 03, 2014 "ICH" - "Counterpunch" - - By every objective standard, Abenomics has been a complete flop. Household spending has plunged, wages have dropped for 23 months in a row, inflation is on the rise, the number of workers who can only find part-time jobs has ballooned to 38 percent, and most economists now expect 2nd quarter GDP to shrink to minus 4 percent or worse. So where’s the silver lining? There isn’t one. It’s all hype. In fact, the only part of Prime Minister’s Shinzo Abe’s economic strategy that has succeeded has been the public relations campaign, which has bamboozled the Japanese people into believing that pumping trillions of yen into financial assets will lead to widespread prosperity. Good luck with that. We can see how well that worked in the US where stock prices have nearly tripled in the last five years, but the real economy is still flat on its back. So why would quantitative easing (QE) work in Japan when it hasn’t worked in the US? Class Warfare Saps the Economy - Why Abenomics Flopped
Japan has a very unique economy. Their debt is like non-other in the world. Comparing their economy and their unique needs (like powering their island country) to any country not exactly the same as Japan, which there are none, is absolutely pointless. And such titles as "Abenomics" gives a bit too much credit to politicians and their ability to influence the economy. Reagonomics, Clintonomics, Bushonomics, Obomonomics. Meh, they like to feel and say they did something, but the truth is no body truly understands what makes an economy skyrocket or tank. If there was a formula for success every single politician and every single country would know it and be using it. Screw politicians and their lies, they can't influence/predict the economy anymore than we can influence/predict the weather....far too many variables for us to ever predict 100 percent what will happen tomorrow, forget about a year from now. Let the free market be free and get your grubby little fingers out of the people's pockets.
