General Discussions, page-6750

Japan’s economy could surprise the globe in 2022. And in a good way!

Over the last decade, the falling Yen, with the help of the Bank of Japan meant that during Prime Minister Abe's tenure, he was less likely to embark on much needed structural reform, however, not so his predecessor. Kishida has been more proactive devising a "new capitalism" grand plan ($940 Billion, the biggest-ever budget approved by Cabinet last December 2021). It’s plan is to redistribute wealth towards the middle class by incentivising companies via tax benefits to share profits with workers including, benefits to CEOs to swing for the economic fences with new research-and-development expenditures, ie, to solve the same world-wide problem of a rapidly aging population and shrinking labour force which leads to a hoarding of assets (wealth) hampering real growth!

Japan, the third-largest economy, shrank 3.6% year-on-year in the July-September quarter amid a surge in Delta variant Covid-19 cases. That slammed consumption, which makes up more than half of the economy. Consequently, Kishida’s government has been busy behind the scenes turning things around.

Irrespective of any global security or economic events, Japan’s “new capitalism budget” was approved last December and is designed to be spent immediately — the sooner the better. So, the real question is, can Japan afford to wait for the shock of economic turmoil, increased graphite prices to reveal itself, etc, etc or will Hanwa or someone else be economically proactive for once?

Eitherway, led by Japan's initiatives, an exciting new global economic movement could be on the make! Therefore, we maybe right to contemplate what "constructive negotiations" must be going on.

Meanwhile, the Siviour kangaroo will just keep ticking boxes.

All IMO, DYOR, GLTAH