Japan (and its Real-Estate market) Rides Again

But but but sir… it's different in Japan.

Architect of Japanese Quantitative Easing Policy Says QE HARMS the Economy In the Long-Run … and that the Fed Is Stuck In a QE Trap

Posted on October 23, 2013 by WashingtonsBlog

• These are not even new insights. We’ve known for literally hundreds of years that the types of actions which the Federal Reserve, Treasury and White House have been taking would lead to disaster.

Work? What’s that? I got off the hamster wheel a while back. The way the Yen’s going you might be on it for a while yet

Not me. 'Work' was first and foremost a means to an end – income. While personal fulfillment might occur from time to time depending on what I was doing 99.9% of the time it was simply work. It appears most people see it that way also especially the Japanese.

Respondents who have jobs were asked about their job satisfaction. Japan’s job satisfaction rate was 78%, but this figure was relatively low among the 32 countries/regions. They were also asked to rate their jobs from eight viewpoints including “My job is secure,” “My income is high,” and “My job is interesting.” Switzerland, the United States, and Ireland had relatively high ratings while Japan and the Republic of Korea are among the group with lowest ratings.

I must admit I had a bit of chuckle over this recent lambasting of our mate Abe San

Looking For Japan's Radioactive Mutant Army

Actually it is just Japan, because unlike Japan which still lives in the 80s and thinks it is a superpower,

still thinks the Nikkei 30000 is just within reach, still thinks it can restart its 30 or so nukes, still thinks

that buying Rock Center was a brilliant idea, and the Walkman and Trinitron are the second coming of

the iPod, the other countries in the region know to keep their mouth shut when it's good for them.

Abenomics, Fukishima and the soon to be Nuclear Olympics are making Japan the laughing stock of Asia.

You forgot to include:

Written by:

Global Property Guide

Says it all really.

Hey I got a better one for you'

Abenomics: putting Japan back on track

I nearly wet my pants when I saw it was French and written by a technology lecturer at Sydney Uni… seriously you can't make this stuff up.

Hey Ziv look at this. Now I know you're a fair way away from that nuclear wasteland they call Fukushima (as if you can eva be far enough away)

I thought you might be interested in some protection tips…

How to Help Protect Yourself from Fukushima Radiation

I thought the lead sumo jock strap could be a winner over there.. trendy huh?

<edited: moderator>

I guess the corporate kleptocracy aren't listening to Abe much these days. As if they ever did. Political leaders tend to do what corporates want not the other way around.

Japan Salaries Extend Fall as Abe Urges Companies to Raise Wages

Japan's salaries extended the longest slide since 2010, even as Prime Minister Shinzo Abe urges companies to raise workers’ wages as part of his bid to reflate the world’s third-largest economy.

Regular wages excluding overtime and bonuses fell 0.3 percent in September from a year earlier, marking a 16th straight month of decline, according to labor ministry data released today.

In terms of the inflation outlook for Japan this will be problematic. There is a belief that CB's can 'manage' inflation. The idea is almost laughable. CB's have only ever had limited success in this area. Anyone who thinks that after decades of deflation the BOJ has now discovered how to generate inflation and then control it is misguided to say the least. Experiments of this kind almost always produce unintended consequences.

If the BOJ gets inflation going how does it then stop it without cutting it's own throat? Volker had to raise rates to 21% in the mid 80's to get inflation back under 5%. How do you think the BOJ will fair when rates start heading off to the back and beyond. It's the scenario Bass and many others have alluded to.

QE coupled with inflation will strip the wealth of the 99% just as it is intended to.