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> where the people speak a language that is not English How would that be relevant...? > they are basically a clone of the US I don't necessarily see this fr

by toyg 3y ago

> where the people speak a language that is not English How would that be relevant...? > they are basically a clone of the US I don't necessarily see this frame in the article. If you mean that it cites "american" indicators, it's because those are pretty generic economic indicators shared by pretty much any capitalist economy. Are they the full picture? Certainly not (their infamous public debt, just to mention one, is not mentioned), but mentioning them doesn't imply that they are "basically a clone of the US". > it really needs to be part of a "Japan Economy" wiki I mean, each and every country needs its wiki, but life is short. > IMO it'd be sensible to let the markets set the interest rate I'm not sure what you mean - leaving banks free to set interest rates? Nobody in the world does this currently. Or just having an independent central bank? The BOJ is more or less as independent from government as the Federal Reserve or the European Central Bank (at least formally).

roenxi 3y ago
>> > where the people speak a language that is not English > How would that be relevant...? 私の懸念は、私が同意しないことと、一次資料のレビューには障壁があることです。グーグル翻訳でも。
- dghlsakjg 3y ago
  Cultural differences exist where nuance is lost in (google) translation, sure, but math is math.
  - roenxi 3y ago
    Economic policy isn't math though, is about what a rational decision maker would do. We can model some parts of that using mathematics, but large parts are hooked up to the local legal framework. Take US student loans for example - the market doesn't make any sense unless you are aware of the special rules around bankruptcy. In fact, the entire US lending market doesn't make sense unless you know about bankruptcy and bankruptcy law is by no means a safe basic assumption.
- toyg 3y ago
  Stats are stats and money is money. Some nuances might require local sources, but macroeconomic trends are just hard numbers.

by toyg 3y ago

roenxi 3y ago

>> > where the people speak a language that is not English > How would that be relevant...? 私の懸念は、私が同意しないことと、一次資料のレビューには障壁があることです。グーグル翻訳でも。

dghlsakjg 3y ago
Cultural differences exist where nuance is lost in (google) translation, sure, but math is math.
- roenxi 3y ago
  Economic policy isn't math though, is about what a rational decision maker would do. We can model some parts of that using mathematics, but large parts are hooked up to the local legal framework. Take US student loans for example - the market doesn't make any sense unless you are aware of the special rules around bankruptcy. In fact, the entire US lending market doesn't make sense unless you know about bankruptcy and bankruptcy law is by no means a safe basic assumption.
toyg 3y ago
Stats are stats and money is money. Some nuances might require local sources, but macroeconomic trends are just hard numbers.