OK. I was wrong... I wrote that I thought for sure that Ichiro Ozawa would be president of the DPJ and then the next prime minister of Japan... But, nope. I was wrong...
Those idiots in the DPJ reelected a guy who helped them get throttled in the last election? They reelect a guy who actually went and told people in public that he wanted to raise taxes!
I knew something was wrong when I was riding in a car and saw on a billboard the the yen had gone up in value again! It's like my friend Andy wrote, "The cost of imported goods like food and energy should be falling for Japanese consumers, which is just what we need. But the BOJ is against Japanese consumers and will act to help their pals in the export sector."
I've been in Japan for over 26 years and still am surprised by how useless and inept the politicians in Japan are.
Maybe the DPJ wants to be booted out of power in the next general election.
That would explain this result.
Anyhow, I was wrong... I am an idiot.
I might write about this more tomorrow morning...
All things about the media, marketing, business, Japan and other musings by Mike in Tokyo Rogers.
▼
Tuesday, September 14, 2010
2 comments:
Comments must be succinct & relevant to the story. Comments are checked frequently and abusive, rude or profane comments will be deleted. I’m just one of many bloggers who answer questions online and sometimes for the press. I usually handle questions about Japan, marketing or the economy, so in those areas I’m more likely to make sense and less likely to say something really stupid. If I post something here that you find helpful or interesting, that’s wonderful. This is my personal blog. If you don't like what you have read here then, just like when you go into a restaurant or bar that allows smoking, if you don't like it, there's something at the front that has hinges on it and it is called a "door."
Versus the dollar, the Yen actually went UP again. The cost of imported goods like food and energy should be falling for Japanese consumers, which is just what we need. But the BOJ is against Japanese consumers and will act to help their pals in the export sector. All this proves is that America's idiot ruling party bosses are bigger idiots than Japan's idiot ruling party bosses.
ReplyDeleteOh, yeah. Thanks Andy,
ReplyDeleteThat's what I meant. And you are exactly right; the BOJ is against Japanese consumers.