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Yokohama: What do you think of the prime minister’s ‘Abenomic’ strategy so far?

by Paul Nehls

Takashi Matsuda
Internet sales, 39 (Japanese)
Businesses are getting better, and at least finance types are strong. But in my business salaries are not going up. People are starting to use more money but that seems a little strange, premature, don’t you think? We need to be alert for problems.

Chiam Jetyin
Housewife, 35 (Malaysian)
I’m not sure it’s that different from what they did before. I’m worried about how to pay for the liquidity being pumped into the market. It comes from the Bank of Japan but eventually the people will have to pay, and the strategy will not likely have a different result than before.

Paul Nanton
High school teacher, 43 (Canadian)
Its unrealistic, I don’t believe in it. [Prime Minister Shinzo] Abe is following an inflation time frame that isn’t possible. Anything to do with the economy of Japan tends to take twice as long as elsewhere. The bureaucracy will always weighs things down.

Keiko Harada
Librarian, 45 (Japanese)
Abe wants to raise consumption tax to 8 percent next April. They need the GDP to go up 2 to 3 percent this year for that to happen. Stocks are going up but debts are growing, too. This will help rich stockholders but hurt poorer homeowners.

Mary Nobuaka
Associate professor, 47 (American)
The Keynesian idea of printing money is a bit dangerous in the long term. If Abe can make it work in the short term, I’ll be happy. People on fixed incomes don’t want inflation, of course, but business owners are able to be more competitive.

Tomoko Sakano
Housewife, 53 (Japanese)
My husband’s stocks are up so he’s very happy. But mine are down, so for me, not so much. So using the stock market is like gambling. We don’t know if Abenomics will really do much for the future yet.

Interested in gathering views in your neighborhood? E-mail community@japantimes.co.jp

  • http://www.fazmeerdjmix.webs.com/ Fazmeer

    I think, Obviously Prime Minister SHINSO ABE and his financial ad-visor Prof. Ahamed made huge mistake on Japanese economy-through Quantity-Easing, pulled Yen 132 trillion into financial market and made huge damage in Japanese Yen value both domestic and international. They thought that, this money will create some new investments in order to achieve some macro economic demands. But it remains with being deposited in the bank with no interest . They expected respectable growth in GDP but it showed poor outcome in last quarter and They suffer that they have to face a huge increases on government credits in few years.
    Here Interesting thing is; Actually they decided to function this quatitive easing money manipulation system for the purpose of reducing the government loans, But it starts to reflect right opposite results.
    This stands a great example to other countries since they are making sudden decisions by thinking some core aspects of benefits only.
    SO THINK POSITIVE AT THE SAME TIME DON’T FAIL TO LOOK AROUND ALL NEGATIVE ASPECTS