NO.032 In April 2013, following the above, this is the second article that mentions Abenomics. I have great doubts about the economic policies that the Japanese government has repeated in the past. At that time and now. Fiscal spending on the scale of 100 trillion yen should be special government demand of 100 trillion yen for industry. It should have been an explosive economic activity effect. , ・・・ Theme label: MMT. Pension government bonds. Keynes policy by the Bank of Japan's direct purchase of government bonds. These suit the principles of macroeconomics., Category label:macroeconomics,

Following the above in April 2013, this is the second article that mentions Abenomics. I have great doubt about the fiscal movements that the Japanese government has repeated in the past. Even then, now and then.

If it is about 100 trillion yen fiscal spending, it is the government special demand of 100 trillion yen for the industry. There should be an explosive economic revitalization effect that makes no difference to the common sense. But at that time there was nothing like that.

On the contrary, what was done?

April 7, 2013. 2:40 pm

US investment companies expressed concern about the BOJ's "other dimensions of monetary easing." ... "The danger of a crash of government bonds, etc. has increased." There was also a remark that "the collapse of the Japanese economy has already begun."

It is the remarks of the people who are investing in the financial market as a professional investor. It is the remark of people who are familiar with the financial market situation.

Currently, with the announcement of an unprecedented scale of monetary easing by the Bank of Japan, professional investors who are purchasing Japanese government bonds on a large scale as business opportunities say that they will sell off the purchased Japanese government bonds if they sense the danger It is a thing.
The people of the investment company who expressed concern are saying that "we also do so".

The current BOJ governor is from the Ministry of Finance. The Japanese government is said to have repeatedly made what has been called public investment by issuing large-scale government bonds in the past.
However, in reality, when the issued government bonds were brought into banks etc., it should have been repeated that the amount of government bonds be added to the amount of deposit account of bureaucrats I am thinking.

It should be that the deposit assets of the heavenly bureaucrats have expanded in conjunction with the expansion of Japan's national financial debt.
At the current stage, the deposit assets of the heavenly bureaucrats are being managed by banks and the like in the form of government bonds, and if the government bonds fail, their assets also fail. ... They want to transform government bonds into cash. I think this is the purpose of "other dimensions of monetary easing."

There should be a lot of people remembering the fiscal movement caused by the unprecedented issuance of government bonds by the Minister of the Ministry of Miyazawa at the time of the Ogura Cabinet.
The policy of the Minister of Miyazawa was correct on the principle. The way was wrong. ... "The government has the Bank of Japan issue directly to the BOJ a new BOJ note to purchase and issue a public bond, and make a public investment with that fund." As Prime Minister Abe first said.

The government manages everything, leaving no room for investors to intervene, and the government makes public investments and forces businesses to launch. Forcefully create employment. ... that way, it was good. Minister Miyazawa, also now, Abenomics.

April 6, 2013. 4 pm

The Bank of Japan has launched a "non-dimensional monetary easing."

The Bank of Japan issues new Japanese banknotes and purchases government bonds and financial instruments with high risk. ... The Bank of Japan has been carrying out this kind of monetary easing. This time, the Bank of Japan is spreading its hand to financial properties that have not been dealt with until now, and has said that it will be twice as large as before now.

Because these bonds are purchased as debts, they have to be refunded to the BOJ over time. ... At that point, without economic growth, people's income and assets will not increase, and only debt will have to be repaid.

There is no problem if economic growth is realized. ... In other words, if Japanese industries expand, business activities expand, employment expands, people's wages expand, and people's income expands beyond debts made, there is no problem What to say.

How is it? ... investors overseas, recognized a business opportunity, you have to expand the investment in the Japanese financial property.
Investors decided that they could invest boldly, as the Bank of Japan has declared that it will not stop this monetary easing policy until the 2% price hike is realized.

As a result, the huge amount of BOJ banknotes that the Bank of Japan is trying to distribute to Japanese society in order to grow Japan's economic growth with a different dimension of monetary easing does not cause Japan's economic growth, and foreign investors It has continued to flow into the fortunes of foreign investors. ... Currently, stock prices continue to rise, which means that foreign investors are getting more and more profitable.

As a result, people's income and assets remain unchanged, and the yen is depreciating rapidly. Does this mean that people's income and assets continue to fall substantially and substantially? ... Although there is no change in assets and income, only prices are soaring, and you have to buy a product that has risen, this is the reverse.

In other words, it means that the Japanese economy continues to collapse more and more.

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Message to Lady M



NO.306 Message to President Trump 41 ・・・ This is a war between all mankind and the coronavirus. The meaning of President Trump's declaration would be beneficial. The whole world will be able to implement projects that put all the will and power of the nation in order to overcome coronavirus infection. Keynes policy is needed. Many companies around the world are temporarily suspended. Many people are fired temporarily. People who have purchased products until now can no longer purchase products. The performance of companies that continue to do business deteriorates. This causes a recession. The government needs to hire the unemployed and keep paying them. The government orders the required number of respirators. If there is not enough production equipment, the government will expand.

NO.303 Message to President Trump 39 ・・・ Considerations as of March 17, 2020 Japan Time. Countries have jointly implemented maximum quantitative easing. The Fed has moved to a virtually zero interest rate. Entrepreneurs are not willing to use the investment funds provided. Stock prices fall because investors can't find investment opportunities. In the United States and Europe, entrepreneurs do not try to solve problems themselves. They wait for others to help them. Then, I propose Keynes's policy. The United States sets a national purpose and declares a state enterprise to achieve the purpose. Giving huge funds to the national business. If war, the US government could do this. This is a war between all mankind and the coronavirus. I suggest that Trump do this.

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