Because Tokyo is the largest city in the world bar none: a phenomenon that would likely not have happened without high speed rail.
>Low unemployment in Asia is not hard.
Low unemployment is not an Asian phenomenon and high unemployment is not a Western phenomenon. Both are the results of economic policymaking.
>No, it would have resulted in unprofitable businesses going bankrupt
Unprofitable businesses were kept alive thanks to the Japanese banks doing extend and pretend. It had precisely nothing to do with stimulus.
A lack of stimulus would have meant GOOD businesses going bankrupt due to a lack of demand while the politically protected ones with their debts being extended-&-pretended STILL staying alive.
Stimulus isn't making the recession last forever. Japanese banks' insistence on extending and pretending is.
> But you are probably one the guys who think devaluating 40% of the Yen value is the best way to increase Japan's productivity.
No, but it would be a great way of bringing back Japanese industry from its current semi-dead state. Wanna know why Koreans and Chinese are eating their lunch in the electronics industry? This.
>Abenomics all the way !
Abenomics is business as usual. If you think there is a significant difference to what came before you are an idiot. The stimulus portion was small and the rest of it was just more QE (because that worked fucking great for the last 20 years!)
Nonetheless, the small stimulus was responsible for a dribble of Japanese growth over the last year or so.
Because Tokyo is the largest city in the world bar none: a phenomenon that would likely not have happened without high speed rail.
>Low unemployment in Asia is not hard.
Low unemployment is not an Asian phenomenon and high unemployment is not a Western phenomenon. Both are the results of economic policymaking.
>No, it would have resulted in unprofitable businesses going bankrupt
Unprofitable businesses were kept alive thanks to the Japanese banks doing extend and pretend. It had precisely nothing to do with stimulus.
A lack of stimulus would have meant GOOD businesses going bankrupt due to a lack of demand while the politically protected ones with their debts being extended-&-pretended STILL staying alive.
Stimulus isn't making the recession last forever. Japanese banks' insistence on extending and pretending is.
> But you are probably one the guys who think devaluating 40% of the Yen value is the best way to increase Japan's productivity.
No, but it would be a great way of bringing back Japanese industry from its current semi-dead state. Wanna know why Koreans and Chinese are eating their lunch in the electronics industry? This.
>Abenomics all the way !
Abenomics is business as usual. If you think there is a significant difference to what came before you are an idiot. The stimulus portion was small and the rest of it was just more QE (because that worked fucking great for the last 20 years!)
Nonetheless, the small stimulus was responsible for a dribble of Japanese growth over the last year or so.