Recently, we’ve been overwhelmed with news about the bad condition of economies all over the world. “Because of the economy”, has become an answer (or excuse) for everything. New words have even been created, like “recessionista”, which means someone who lives frugally as possible in a recession. Most countries, however, are taking steps to influence the economy by investing in infrastructure programs such as building roads and bridges or building new schools. Some countries are even giving out stimulus checks to their residents, in hopes that they will increase consumer spending.

Beginning from the end of March, each person residing in Japan (including foreigners who are registered with their ward office) will be receiving a stimulus check in the mail from 8,000 to 12,000 yen. This is a part of PM Aso’s highly criticized 5 trillion yen (51 billion dollar) stimulus plan, the bulk of which will be delivered to us by check. But will it really have as big of effect as the government hopes for?

When I received my $300 stimulus check back in early 2008 from my country’s government, I am ashamed to say that I put that money straight into my savings account. Only after feeling a little bit guilty for receiving money which was supposed to be used to stimulate the economy, i.e. retail therapy, I decided to spend $70 of it on an online CD store. When I asked Japanese people what they would do with their stimulus checks from the Japanese Government, most of them replied that they would save it or use it for other bills. No one said they would go out and buy a new pair of shoes. Or CDs.

When Japan had an economic slump in the 90’s, the government spent a lot of money on infrastructure programs. The thought was that by spending money on big construction projects, they would be able to create new jobs. However, the effect was small and many places are still riddled with debt from projects that just didn’t make any money.

So in order to not repeat past mistakes, this time the package consists of stimulus checks, tax cuts, highway toll reductions, and increased loans to small businesses. However, economists are skeptical that this will turn things around for Japan.

So, do your part for Japan. Go buy those new shoes. Or CDs. 

 


Comments

08/09/2014 2:39am

Sure such as good articles post in this glod and fabulous i am very good site post Thanks for this nice article,

Reply

Thanks for sharing the whole information with us.

Reply
08/09/2014 2:40am

Thanks for sharing the whole information with us.

Reply
10/16/2014 8:48am

As I was directed to her couch the sight of two security watchmen endeavoring to control a ­violent, medication influenced patient faced me. The misuse regulated towards anybody that strolled buy essays online review past was something to view. When I asked her then she let me know about that there are no offices for them and they are not treated in a manner that they ought to be

Reply

The government should spent a lot of money on infrastructure programs so that economy may boots up by multiple times.

Reply
03/21/2016 4:14am

Do you think it will recover economy?

Reply
04/14/2016 5:01pm

Thank you for the auspicious writeup.

Reply
12/11/2016 3:55am

Now economy is bad too. In my country we have a lot of economical problems now! The life conditions are awful!

Reply
01/12/2017 3:20am

Alot of blogs I see these days don’t really provide anything that I’m interested in, but I’m most definately interested in this one.

Reply

In most cases it does and hence this whole scheme of health insurance marketplace is a great one.

Reply
01/17/2017 3:56am

Find out the reasons why it is good to buy products from Mediterranean market Miami.There are many Mediterranean market Miami to serve the needs of both international guests and local people.

Reply
01/17/2017 6:05am

Very interesting blog.

Reply
01/21/2017 3:53am

The medicare insurance agency is one group that stands for betterment of people and caring for their well-being at affordable prices.

Reply
01/23/2017 5:28am

Thank you for the great article I did enjoyed reading it,

Reply
01/26/2017 10:28pm

Your article perceftly shows what I needed to know, thanks!

Reply

Excellent blog here! Also your site loads up fast.Always a good job right here

Reply
01/29/2017 9:21am

Thanks for providing great infomation.

Reply
02/16/2017 12:33am

Thanks for share this blog with us.Really we appreciate after reading this post.

Reply
02/20/2017 8:22am

Alot of blogs I see these days don’t really provide anything that I’m interested in, but I’m most definately interested in this one

Reply
03/02/2017 2:25am

Blackmart Alpha for Pc: in this article, we are going to discuss Blackmart Alpha APK download for Android and PC which is a very popular android applications.

Reply

It’s really pleasure to read your post.Thank you so much for writing such a nice post

Reply
05/10/2017 3:59am

This is a great article, Given such a great amount of data in it, These kind of articles keeps the clients enthusiasm for the site, and continue sharing more.

Reply

Nice job, I am getting wonderful tips and concepts always with this blog for improving methods

Reply



Leave a Reply