Calls for fiscal spending grow ahead of summit, election

http://www.japantoday.com/category/politics/view/calls-for-fiscal-spending-grow-ahead-of-summit-election

 

TOKYO —

As Japan faces a politically eventful year, calls are growing within the government and ruling parties to compile stimulus steps to support the flagging economy ahead of a summit and upper house election.

Though doing so would go against Japan’s efforts to restore fiscal health, a pledge by Group of 20 economies to “use fiscal policy flexibly” is likely to be cited in support of stimulus at a time when global growth is threatened by recent market turmoil.

Prime Minister Shinzo Abe has said that in the run-up to a Japan-hosted Group of Seven summit in May, he will launch talks with experts from home and abroad to analyze the world economy and study ways to stabilize financial markets.

“We must closely watch developments in the world economy that has entered a new phase,” Abe said, referring to volatile financial markets amid concern about the slowdown of the Chinese economy, falling oil prices and rising U.S. interest rates.

As the G-7 president this year, Japan “would like to contribute to sustainable and robust growth of the world economy,” the prime minister said Tuesday, heightening the view that the government is eyeing fiscal spending to shore up the world’s third-largest economy.

“The meeting could be used as an excuse to compile an extra budget or forgo a sales tax hike to show the government made the decision after carefully hearing discussions by experts,” said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance Co.

The gathering will come after the G-20 finance chiefs agreed at their latest meeting Feb. 26-27 to “use all policy tools—monetary, fiscal and structural—individually and collectively” to strengthen growth, investment and financial stability.

Hit by slumping private consumption and exports, Japan’s economy shrank an annualized 1.4 percent in the October-December period in real terms from the previous quarter, while still weak consumption may prevent the economy from rebounding in the next quarter.

Just as the G-20 economies argued that “monetary policy alone cannot lead to balanced growth,” Masazumi Wakatabe, a Waseda University professor and advocate of large-scale monetary easing, called on the state to spend more money to boost demand.

In addition to freezing the consumption tax hike slated for April next year, public money should be used to invest in infrastructure and human resources, Wakatabe said.

“There is a persistent lack of demand,” Wakatabe said. “This can be solved by utilizing both monetary and fiscal policy,” he said, calling for public money to be used for such purposes as repairing infrastructure, enhancing education and reducing poverty.

There are also calls within the government and ruling parties to utilize a fiscal stimulus ahead of the House of Councillors election this summer.

Etsuro Honda, Abe’s special economic adviser, said in a recent interview with Kyodo News the government needs to compile “stimulus measures worth at least 5 trillion yen ($44 billion),” while postponing by two years the 2-percentage-point consumption tax hike.

A senior official of Abe’s ruling Liberal Democratic Party has made no secret of his desire to hammer out steps to cope with the global economic slowdown, even after the Diet enacted January a 3 trillion yen extra budget with focus on enhancing welfare services and making the farm sector more competitive.

“I expect Prime Minister Shinzo Abe to take aggressive economic measures, including fiscal spending,” Toshihiro Nikai, chairman of the LDP’s General Council, said on the party’s Internet program on Feb. 24. “It is important to actively carry out drastic policies.”

But additional fiscal spending raises the risk of further delaying Japan’s fiscal consolidation, as the government tries to achieve its goal of turning the primary balance into a surplus by fiscal 2020.

Japan’s fiscal health is the worst among major industrialized economies, with public debt at more than 200 percent of nominal gross domestic product due mainly to swelling social security costs amid an aging society.

Kodama of Meiji Yasuda said the possibility of freezing the sales tax hike or implementing pump-priming measures is increasing, given weaker-than-expected economic conditions, but fiscal measures are unnecessary for the country whose unemployment rate is already low.

He argued that the problem lies in Japan’s low potential growth rate, which suggests the country’s growth capacity is expected to remain small for the medium- to long-term from the perspective of the supply side such as labor force and capital.

“Considering Japan’s current economic situations, there is no easy way” to solve the problems at once, Kodama said. “The only solution is promoting structural reforms such as deregulation, though they take time to produce effects.”

© KYODO

Racist Feminist: Joanna Angel

https://angloamerica101.wordpress.com/2013/02/05/boycott-racist-bitch-joanna-angel-latest-episode-in-the-war-against-asians/

back in 2013 Joanna Angel decided to hire a white actor dress him up in yellowface. generating anger during the height of Hollywood war on Asian actors.   this racist identifies as feminist.

on the mangina’s heath site Joanna admits to being a feminist

http://www.menshealth.co.uk/sex/please-woman/the-feminists-guide-to-getting-it-on

A feminist’s predilection for openness and honesty extends to post-coital conversation. We have no qualms about commitment-free arrangements if it’s just sex that we want. “I really respect it when a guy agrees that we’re just going to fuck,” says feminist porn actress Joanna Angel. “I much prefer that to someone feeding me a bunch of bullshit.” Consider yourself told.

ATV gets last-minute reprieve

http://news.rthk.hk/rthk/en/component/k2/1246506-20160304.htm

Troubled broadcaster ATV says it’s agreed on a deal with its provisional liquidator to stay on air until its free-to-air licence expires on April 1.

ATV’s senior public relations manager, Jeff Wong, said a court has agreed to a restructuring plan that the station’s new investor, Si Rongbin, proposed to the provisional liquidator, Deloitte.

He said the plan involves recruiting 160 staff to maintain its service, until its free-to-air licence expires on April 1.

The plan hinged on having enough money to sustain ATV, and in a dramatic moment earlier on Friday, Si Rongbin’s representative laid out a suitcase of cash in front of cameras, to prove that it has the funds to keep the 59-year-old station afloat.

Wong added that employees will receive this month’s wages by Saturday.

ATV has been criticised over late payment of staff in recent years.

The broadcaster failed to pay wages to its employees from July 2014 to January 2015, and was fined over the matter.

‘She would stalk me’: Ottawa teacher’s aide pleads guilty to sexually assaulting male student for years

Barbara Ellen female rapists supporter of the man hating Guardian say women like this should not be jailed

‘She would stalk me’: Ottawa teacher’s aide pleads guilty to sexually assaulting male student for years

The high school student had always struggled in class so when he met teacher’s aide Kathy Kitts, he was grateful. She would, he felt, guide him through graduation day.

She helped him with his homework, and he trusted her. But a year later, when he turned 15, he said things started to change.

“She wanted to see me at lunch and on spares, see me alone and away from others. I was too young and too trusting to realize what was going to happen,” the student wrote in a victim-impact statement filed in Ottawa court on Thursday after Kitts, who turns 46 on Friday, pleaded guilty to sexually exploiting the boy for two years.

The teacher’s assistant sexually assaulted the boy daily in school or on lunch break, sometimes in the backseat of her van or at a nearby park, court heard.

‘She would stalk me’: Ottawa teacher’s aide pleads guilty to sexually assaulting male student for years