What is the game plan here? Anyone know
>>61826209well one thing I think if there's a single country in the world that would do fine even after a complete economic and government collapse it's japan
>>61826209Tourism.
They have no choice. They are in recession and also suffer from inflation because they are currency whores to the US
>>61826209Cheaper labor to get tourism and sell exports.
>>61826209AI was explaining to me that their country was fucked up by having too stable of a currency
>>61826315lol
sushi sushi terriyaki shinzo abe sudoku bukkake
>>61826341Hibachi, Benihana, Teriyaki
>>61826209By crashing the currency value their debt is worth less, giving them a chance of not collapsing. It is better than getting flooded by immigrants
>>61826209>Letting As long as communist central planning committee are allowed to emit bonds on a deflationary demographic environment the trajectory is deterministic. The only solution is total prohibition on central planning committee to emit bonds and roll them over with more bonds.Its time to genocide the elder and their communist polity
>>61826209Because interest rates should be higher, but they can't do that because they have huge debt.
>>61826209Artificially inflated currency = cheaper to export goods = Total Mazda Miata subcompact sports car global domination
>>61826209Japanese culture strongly values cash savings compared to productive investments, they're trying to pump consumer spending and investment by firing the inflation starting gun. The japanese economy has a level of fragility due to it's dependance on global trade routes to bring in raw material and export complete goods so they need to be proactive in their currency ratio against the USD
US numbers need to go up/thread
Japan is America's economic slave. They've been used as a cheap financer for the western tech sector for the last decade. That's why every time the yen carry trade starts to unwind, the entire markets tank. They're also the Keynesian guinea pig. They were the first country in the modern western economic bloc to do quantitative easing in the 2000s, and the US copied it in 2008. Accelerated currency creation and artificially suppressed low rates is a failing move, but Keynesians keep thinking they can force it to happen and were using Japan as a shining example of it for years. Now their experiment is failing, what a shock.
>>61826209real answer is it helps with export and public debt
>>61828112Why would a keynesian care about low rates? A keynesian would view interest payments from the government to the private sector as stimulative to the economy. Low rates are only there to "convince" private businesses that it's better to buy up as many resources as possible instead of having any cash buffer, instead becoming debt-fuelled ponzi schemes. A keynesian would be increasing the size or quality of public assets, but instead it's a worldwide shift towards privitization due to inflation. How did you come to the conclusion that QE is in the interest of keynesians?
>>61828304Low rates are central to Keynesian policy, because it promotes spending. They HATE when people save money. Or really anyone that controls the velocity of money other than central planners.
>>61828387That's a very strange way to view keynesians, the preferred and conventional keynesian method would be to have the government directly commission projects to stimulate the economy, like a nuclear reactor or something. Why would they instead 'trust' private industry to use the cheap debt correctly? Keynesians are less concerned about government debt than other groups so there's no driver for them to look for low rates. It sounds like you're trying to describe technocracy/oligarchy, control and containment of society's productive assets by a select group of handlers through the use of financial instruments and market distortions
>>61826209>money printer go brr to stimulate the economy>they also have an unsustainable public pension system with a shit load of old people. If it stops working, the old people will burn the tokyo diet building to the ground or do a shinzo abe 2.0 until the boomers get their money
>>61826215That's why I'm waiting until those prices are rock bottom and only THEN planning a little trip around the country when things are much cheaper.
>>61826277They want to sell prostitutes
>>61826209Isn't Japan still militarily occupied by (((America))). They are a debt whore. They are a client state of America, that should explain most fucked up things about them.
>>61826209Everyone's currency and economy is a fucking joke.Can't be much longer until the whole thing collapses but the real question is what happens then, because they must know.
Rent in Japan is like $300 a month. Devalue your currency and stagnate your stock market and you get shit like this.
>>61826209Slept through macroeconomics in high school, or did you learn economics from the retards here on /biz/? The idiots here on /biz/ can't even manage babbie-tier stuff like the difference between the inflation rate and exchange rate. Short answer is that a weak currency (exchange rate) makes your goods cheaper in foreign markets, which boosts exports, which in turn boosts your own manufacturing sector.
>>61828740If that were true why hasn't all Chinese manufacturing shifted en masse to Japan?
>>61828940Chinese manufacturing has so much government support that it would be asinine to try and relocate, especially to a region which has more restrictive worker's rights laws
>>61828691it's already cheap enough to be great trip. Can get the best sushi you'll ever have in your life for like $25 if you go to any off the trail coastal towns
>>61828698I'm buying
>>61829157Sorry but I'm not a woman so I don't care about sushi.
>>61827252Based demographics schizo.>>61827388Inflated currency = working class struggles more to afford families = Total Japanese extinction.
>>61826209Fun fact about how fucked Japan is, here is what their agricultural sector looks like:Average Age: The average age of a "core" self-employed farmer is 69.2 years.Dominance of Seniors: Approximately 71.7% (nearly 800,000) of core agricultural workers are 65 years or older.The average farm size is 4 hectares (up from 1-2 through intense political efforts).Unironically the easiest way to become rich in jap land is becoming a rice farmer and doing your own brand and distribution. Like 15 hectares and you will make six figures in dollars in no time, and you will most likely be given a house and the farm land. All you have to do is not being a retarded boomer
>>61829783>I have to eat bark all day in my log cabin with no utilitiesFuck off faggot
>>61826209the short answer is because kike ordered them to crash it
>>61830676yen halfs in price = sell 4 more cars than usual = profit = fun times = persona 6
>>61827388Please keep going, I-I'm almost there
>>61826209To Make Japan Great Again.
>>61826209>why does japan kamikaze sudokuyoure joking right
It was because of a collapse in the Japanese Yen carry trade which has been fueling the economy for decades. Because debt fuels this stuff, you need to have somewhere that's giving you great rates, and until very recently, that place was Japan. As rates climb, it's forcing people to sell off other assets that they bought on previously cheap Japanese debt.To add to that, Japan's $7.3 trillion government bond market experienced sharp yield rises with long dated yields hitting multi-decade highs. This can be counterintuitive. As the bond yields go up, the price is coming down, and as the bond price goes up, the yields are coming down. What happens is, if people know that you can trust a government and that you're going to get paid back, then the yield of that bond is going to be low; they don't have to incentivize people to pick up that debt because they *feel* safe. As people get concerned, the yields go up because they have to find a way to get people to come in and buy this. https://www.investing.com/rates-bonds/japan-30-year-bond-yieldThese two problems intersect when people can't make the delta and have to pay back their Japanese debt. When people liquidate, odds are they're going to liquidate at a discount, and that's what you're seeing in the market right now. people can't satisfy their margin trading collateral requirements and thus they're being forced to sell-off other assets.
>>61830771You could do that without destroying the yen you know.You can just give the miata its price cut… anytime you want.
>>61830783Think of all the vintage RX-7 imports.
>>61832651I'd rather pay the premium for the LHD. That said, export prices are pegged to export currencies. They won't really go down in price except perhaps by increased supply as the value of the yen dumps and people seek more valuable currencies.
Real answer incoming Japan’s currency strength and deflation was, for, a long time, the result of America (and its euro allies) forcing Japan into making their currency stronger and the dollar weaker at the Plaza Accord in the 1980’s. This was because, when Japan’s initial exchange rate was set against the dollar post-WWII, it was set artificially low. This was to bolster their export output and make them a democratic stronghold in Asia that would double as the economic powerhouse in the region. This worked. It actually worked too well and suddenly Japanese exports were more attractive than American products (or European products) made at home. Thus, everyone got together and “renegotiated” the exchange rate so that American exports were more competitive, Japanese exports were less competitive, and Japanese imports were more affordable for its citizens (this was the selling point). What happened was that it blew up in Japan’s face because they made it much too strong. Everyone bought up real estate and inflated the shit out of the Japanese stock market which inevitably burst, leading to a severely deflationary environment in which stocks famously suffered for decades and real estate value was decimated. To combat this deflationary environment, Japan set interest rates to zero so as to encourage borrowing and hopefully reinflate the currency to healthy levels. This didn’t really work as effectively as they had hoped; an indirect consequence of this was that Japanese investors and businesses took out loans for nothing in Japan and invested them in foreign countries with better ROI, like the US. This is why Japan is one of the biggest creditors in the world. However, in recent years, this decades-long interest rate policy has started to work, and the yen has depreciated; this has begun to have negative effects, and they’re trying to reverse the trend by encouraging investment into Japan by making their bonds more attractive.
>>61832851I should mention that their bond yields are high because they’re finally raising rates to combat inflation and bond yields track this; it just had the added bonus of making their bonds more attractive. It’s also worth mentioning that one of the proposed ways in which Japan is going to deal with the fury of their citizens is to reduce consumption taxes on food. Some people argue that this will cause even more inflation, but we will see.
