Or a recipe for the total collapse of the Japanese economy. This will force interest rates up, making the Govt. bankrupt, killing internal demand and anyone who holds JGBs. And making it expensive to borrow to retool production lines.
Abenomics has already resulted in record high fuel prices as the Yen has devalued by 25% in 4 months. Plus all other imported goods have risen similarly. Japan is not Uganda either. Or the USA.
Good old Abe. Failed as PM in 2007. Now back with comments like:
"It's unfortunate that there are people who tout the mostly unfounded fears of hyperinflation," (oh good, fears of hyperinflation are "mostly" unfounded!),
and "Prime Minister Shinzo Abe urged Japan's business leaders Tuesday to raise wages for employees, saying the move could help stimulate domestic demand and beat more than decade-long deflation."
http://e.nikkei.com/e/fr/tnks/Nni20130205D05JF061.htm
http://e.nikkei.com/e/fr/tnks/Nni20130205D05JF102.htm
Japan's economic position to help LYC? I don't think so.
this is the news we want, page-3
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