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  • fuckedgaijin ‹ General ‹ F*cked News

Guns & butter, nope. More sales taxes, no butter.

Odd news from Japan and all things Japanese around the world.
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Guns & butter, nope. More sales taxes, no butter.

Postby Taro Toporific » Mon Nov 17, 2014 12:50 pm

Since Japan was doing so well with the butter market, they're gonna fix the entire economy with another sales tax increase. :twisted:

Tokyo shares skid as Japan slips into recession
Reuters | 2014/11/17
Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter...
...
Japanese GDP contracted an annualized 1.6 percent in the July-September quarter, compared with a 2.1 percent increase forecast by economists in a Reuters poll. That followed a revised 7.3 percent contraction in the second quarter, which was the biggest slump since the March 2011 earthquake and tsunami...
...
"Dollar/yen has been moving recently in close relationship with (Japanese) equities so the Nikkei's fall knocked the pair from its highs," said Masafumi Yamamoto, a market strategist at Praevidential Strategy in Tokyo. "The GDP data was so unexpectedly weak and clouded many prospects taken for a given," he said.
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Re: Guns & butter, nope. More sales taxes, no butter.

Postby matsuki » Mon Nov 17, 2014 1:14 pm

http://finance.yahoo.com/news/u-s--doll ... 39383.html

This guy is a bit nutty but I couldn't help but laugh at this:

"I don't think the Federal Reserve is going to do something...stupid....like the Japanese Central bank is. They're destroying their currency."
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Re: Guns & butter, nope. More sales taxes, no butter.

Postby IparryU » Mon Nov 17, 2014 2:20 pm

chokonen888 wrote:http://finance.yahoo.com/news/u-s--dollar-will--get-a-lot-stronger-than-anyone-can-imagine-205439383.html

This guy is a bit nutty but I couldn't help but laugh at this:

"I don't think the Federal Reserve is going to do something...stupid....like the Japanese Central bank is. They're destroying their currency."

Well the BOJ is printing a fuck ton more... Increased nearly by 20 trillion this year alone for a total of ~80T per annum.

USA is still milking it out... but only a matter of time when QQE fucks everything over. Hard to believe that people think that QQE is good for the economy, just no make sense.
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