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Excuse the over-simplification, but is the Japanese government's reluctance to proactively stimulate their economy built partially on a desire to secure the pen
by nness 11y ago
Excuse the over-simplification, but is the Japanese government's reluctance to proactively stimulate their economy built partially on a desire to secure the pension for a few more years (both as a product of cultural expectations and the appeasing mostly elderly voter-base)?
- programmernews3 11y agoIt is likely a major piece of the puzzle and will also be due to reverence of their elderly.
- nness 11y agoAh yes, that's what I meant by "cultural expectations," but "reverence" is certainly a far more succinct way to describe it.
- skylan_q 11y agoSome reading: https://en.wikipedia.org/wiki/Abenomics#Implementation https://en.wikipedia.org/wiki/Abenomics#Implementation They've been attempting to stimulate the economy already. As you mention, viability of pensions is very important in Japan. Much of their savings and investments are in Japanese bonds.