Uh Oh: Japan Prints "Free Gift-Cards" To Spark Consumption
Nov 18, 2014 6:15:27 GMT -5
Post by avordvet on Nov 18, 2014 6:15:27 GMT -5
Japan Goes Full Helicopter-Ben: Prints "Free Gift-Cards" To Spark Consumption
Submitted by Tyler Durden on 11/17/2014 20:55 -0500
Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman's "helicopter drop" solution to fighting deflation, and decried Japan for not being as insane as it could be... it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery. Having blown their wad on QQE (and been left with a triple-dip recession), it appears Japan has reached that limit. As Japan's News47 reports, Prime Minister Shinzo Abe has instructed his cabinet to develop economic measures such as handing out 'gift certificates' to the poor to "support personal consumption directly."
www.zerohedge.com/news/2014-11-17/japan-goes-full-helicopter-ben-prints-free-gift-cards-spark-consumption
Japan Falls into Recession: World's Third-Largest Economy Collapsing
Monday, 17 Nov 2014 03:44 PM, By Newsmax Wires
Abe is planning extra stimulus worth about 3 trillion yen to 4 trillion yen ($26 billion to $35 billion) that could include subsidies to low-income families and help for smaller companies squeezed by rising costs for imported energy and materials, Nishioka said.
Critics say Abe has failed to deliver on promises for drastic reforms of labor regulations, the tax system and the health industry, among other areas. Meanwhile, companies have failed to pass windfall gains from higher share prices and surging profits on to their workers in the form of higher wages.
www.newsmax.com/thewire/japan-falls-recession-sales-tax/2014/11/17/id/607874/
Why Japan's unexpected recession is a reason for Europe to worry
By New York Times | 18 Nov, 2014, 03.08PM IST, By Liz Alderman and Jonathan Soble
PARIS: Japan looked like the model for economic revival. Growth was back on track. The stock market was surging. Inflation, which had eluded Japan for decades, was even returning.
But Japan's grand economic experiment, a combination of fiscal discipline and monetary stimulus, is collapsing. On Monday, the country unexpectedly fell into recession, a downturn that has painful implications for the rest of the world.
economictimes.indiatimes.com/news/international/business/why-japans-unexpected-recession-is-a-reason-for-europe-to-worry/articleshow/45190790.cms
Submitted by Tyler Durden on 11/17/2014 20:55 -0500
Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman's "helicopter drop" solution to fighting deflation, and decried Japan for not being as insane as it could be... it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery. Having blown their wad on QQE (and been left with a triple-dip recession), it appears Japan has reached that limit. As Japan's News47 reports, Prime Minister Shinzo Abe has instructed his cabinet to develop economic measures such as handing out 'gift certificates' to the poor to "support personal consumption directly."
www.zerohedge.com/news/2014-11-17/japan-goes-full-helicopter-ben-prints-free-gift-cards-spark-consumption
Japan Falls into Recession: World's Third-Largest Economy Collapsing
Monday, 17 Nov 2014 03:44 PM, By Newsmax Wires
Abe is planning extra stimulus worth about 3 trillion yen to 4 trillion yen ($26 billion to $35 billion) that could include subsidies to low-income families and help for smaller companies squeezed by rising costs for imported energy and materials, Nishioka said.
Critics say Abe has failed to deliver on promises for drastic reforms of labor regulations, the tax system and the health industry, among other areas. Meanwhile, companies have failed to pass windfall gains from higher share prices and surging profits on to their workers in the form of higher wages.
www.newsmax.com/thewire/japan-falls-recession-sales-tax/2014/11/17/id/607874/
Why Japan's unexpected recession is a reason for Europe to worry
By New York Times | 18 Nov, 2014, 03.08PM IST, By Liz Alderman and Jonathan Soble
PARIS: Japan looked like the model for economic revival. Growth was back on track. The stock market was surging. Inflation, which had eluded Japan for decades, was even returning.
But Japan's grand economic experiment, a combination of fiscal discipline and monetary stimulus, is collapsing. On Monday, the country unexpectedly fell into recession, a downturn that has painful implications for the rest of the world.
economictimes.indiatimes.com/news/international/business/why-japans-unexpected-recession-is-a-reason-for-europe-to-worry/articleshow/45190790.cms