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Prime Minister Shinzo Abe's ruling bloc wins big in a vote for the Japanese parliament's upper...

Prime Minister Shinzo Abe's ruling bloc wins big in a vote for the Japanese parliament's upper house. "We've argued that our economic policies aren't mistaken, and the public gave us their support," Abe says. The cynical (yet compelling) take from ZeroHedge: "Japan voted and … the people like rising stocks." Ironically however, some worry that with his power cemented, Abe's focus will shift from economic reform to the pursuit of his party's nationalist agenda.
Comments (13)
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    Tora! Tora! Tora!
    21 Jul 2013, 02:42 PM Reply Like
  • Petrarch
    , contributor
    Comments (757) | Send Message
     
    This is actually a pretty big deal - this and the news out of Schauble today are quite interesting.
    P
    21 Jul 2013, 04:04 PM Reply Like
  • KJP712
    , contributor
    Comments (449) | Send Message
     
    A lot of great Market news reported from ZeroHedge.Trading stocks requires a cynical mind so their view fits into the program.
    21 Jul 2013, 04:10 PM Reply Like
  • scchan.2009
    , contributor
    Comments (203) | Send Message
     
    I hope this means structural reforms in Japan is now possible, There were doubts the Liberal Democrat Party had the political will to do it and structural reforms were waiting till the election is over (the so-called "Third Arrow" of Abenomics). Now this election secured the LDP and its allies control of the Japanese legislature for the next 4 years, so in principle they have the power to push through reforms without worrying voter backlash in the next few years.

     

    A healthy Japanese economy is good for everyone, so I hope things will work out great. If there is something to worry, it is Abe's hidden dark side with nationalism.
    21 Jul 2013, 04:19 PM Reply Like
  • mike mohr
    , contributor
    Comments (451) | Send Message
     
    The People Like Rising Stocks but at what cost and who benefits from it? Rising S&P haven't help me a bit.
    21 Jul 2013, 04:31 PM Reply Like
  • Energysystems
    , contributor
    Comments (1113) | Send Message
     
    If you had been invested, it would have.
    21 Jul 2013, 04:43 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls . . . become 'profiteers', who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished not less than the proletariat. As the inflation proceeds . . . all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless….

     

    – John Maynard Keynes
    21 Jul 2013, 05:27 PM Reply Like
  • Energysystems
    , contributor
    Comments (1113) | Send Message
     
    I don't disagree that is a horrible approach, seemingly worldwide. But...I did just cash out a bunch of gains and buy a house. Mortgage free is a pretty sweet side effect for me.
    21 Jul 2013, 05:52 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2057) | Send Message
     
    Strongman Abe is now coming on strong; very strong.
    21 Jul 2013, 04:33 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1891) | Send Message
     
    Increasing the money supply while not having an equal increase in production, will eventually increase prices per good or service. Most Japanese will see their buying power go down and will have to work harder or give up more stored value to obtain the same level of goods and services.
    21 Jul 2013, 06:18 PM Reply Like
  • aeroguy48
    , contributor
    Comments (657) | Send Message
     
    The Japanese need to be strong to counteract the increasingly bellicose Chinese. Plus we can sell them more military goods and maybe LNG.
    21 Jul 2013, 06:44 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2057) | Send Message
     
    Yes, they need to revitalize and re-invigorate the Imperial Japanese Navy now.

     

    Time is rapidly running out.
    21 Jul 2013, 06:47 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1891) | Send Message
     
    They dont have any money to pay us.
    21 Jul 2013, 08:36 PM Reply Like
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