TLDR: – Japanese old dinosaur in power said some big words on how they are ready to do all that is necessary consider the (insert issue that Japan is facing).
– This will most likely translate into a few meetings of multiple dinosaurs which will end up with no specific conclusion or tactic to be taken into effect.
– The problem will keep exacerbating until it is out of control and the government will take some panic-mode emergency measure while being too late to make any difference.
I think I am having a déjà vu…
Importing energy requires buying dollars with yen. Turn the reactors back on and import less, buy fewer dollars, yen gets healthier…
For anyone outside of Japan, I’ll explain what this means.
This means an extra 300 meetings on top of the original 100. This means more men over 70 with either dyed black hair or NO hair sitting around a large table with a big ‘NO GURLZ ALLOWED’ sign on the door.
Are they going to fail like last time and make it surge again?
They’re gonna have meetings to plan other meetings in which they collectively decide to do nothing but maybe plan more meetings.
So what does this mean to us normal people living in Japan earning Japanese yen? Isn’t it good that Japan is taking steps to prevent the dollar from tumbling further?
Has anyone counted how often the director of the BoJ or the finance minister said that yet?
Right after printing 13 trillion yen for “inflation subsidies”? Japanese government is full of shit
Edit: closest thing we saw is the 0.6 yen dump from 151.900 which was immediately bought back up 🤡🤡🤡
In related news, yen expected to hit 160 to the dollar before year end. 😜
Do you mean the minister that forgot to pay his taxes 4 times ?
Rate wouldn’t matter of salaries increased you know…
Well if your currency is weakening due to reckless government spending and the BOJ basically printing money to support it and your answer is to borrow and spend even more to counter the weakening currency, then the result is fairly predictable. Either the BOJ is among the most non-knowledgable financial experts in the world or this is their intent.
What are some authentic jewellery stores in Japan to buy from? https://www.reddit.com/r/japan/comments/10b1wdy/what_are_some_authentic_jewellery_stores_in_japan/
13 comments
TLDR:
– Japanese old dinosaur in power said some big words on how they are ready to do all that is necessary consider the (insert issue that Japan is facing).
– This will most likely translate into a few meetings of multiple dinosaurs which will end up with no specific conclusion or tactic to be taken into effect.
– The problem will keep exacerbating until it is out of control and the government will take some panic-mode emergency measure while being too late to make any difference.
I think I am having a déjà vu…
Importing energy requires buying dollars with yen. Turn the reactors back on and import less, buy fewer dollars, yen gets healthier…
For anyone outside of Japan, I’ll explain what this means.
This means an extra 300 meetings on top of the original 100. This means more men over 70 with either dyed black hair or NO hair sitting around a large table with a big ‘NO GURLZ ALLOWED’ sign on the door.
Are they going to fail like last time and make it surge again?
They’re gonna have meetings to plan other meetings in which they collectively decide to do nothing but maybe plan more meetings.
So what does this mean to us normal people living in Japan earning Japanese yen? Isn’t it good that Japan is taking steps to prevent the dollar from tumbling further?
Has anyone counted how often the director of the BoJ or the finance minister said that yet?
Right after printing 13 trillion yen for “inflation subsidies”? Japanese government is full of shit
Edit: closest thing we saw is the 0.6 yen dump from 151.900 which was immediately bought back up 🤡🤡🤡
In related news, yen expected to hit 160 to the dollar before year end. 😜
Do you mean the minister that forgot to pay his taxes 4 times ?
Rate wouldn’t matter of salaries increased you know…
Well if your currency is weakening due to reckless government spending and the BOJ basically printing money to support it and your answer is to borrow and spend even more to counter the weakening currency, then the result is fairly predictable. Either the BOJ is among the most non-knowledgable financial experts in the world or this is their intent.
I look forward to this in 3 years