Just print money and increase wages to prosperity

[phantom_opera]

Japanese Prime Minister Shinzo Abe said Tuesday in parliament that worries of the central bank's inflation target triggering hyperinflation are unfortunate and unfounded.

"It's unfortunate that there are people who tout the mostly unfounded fears of hyperinflation," Mr. Abe said in a lower house plenary session.
Well as long as it is mostly, all is well.

Prime Minister Shinzo Abe urged Japan's business leaders Tuesday to raise wages for employees, saying the move could help stimulate domestic demand and beat more than decade-long deflation

=> true enough, Nikkei up 3.77%, closed at highest point since 2008 :rolleyes:

NIKKEI 225 (^N225)
11,463.75 +416.83(3.77%)

[indomie]

With Jakarta’s Minimum Wage to Rise 44%, Bosses Warn of Job Cuts
Lenny Tristia Tambun,SP/Fuska Sani & SP/ Mikael Niman | November 21, 2012

The Jakarta Wage Council chose to raise the monthly minimum wage to Rp 2.2 million. (AFP Photo/Adek Berry)
A 44 percent rise in the Jakarta minimum wage has prompted a major employer organization to warn of mass layoffs as companies grapple with the increased production costs, and led analysts to suggest that a major increase in productivity was needed to justify the hike.

Employer groups have also expressed fears that the new Jakarta minimum wage of Rp 2.2 million ($228) a month, approved by Governor Joko Widodo on Tuesday, would prompt similar pushes for wage increases across the country.

Business said that Joko’s decision was driven by populism, and was an effort to show that he could meet the high public expectations before he took office last month.

Joko urged workers and employers to accept the Rp 2.2 million figure, and expressed hope that his decision would end a festering dispute between the two camps.

“If we talk about whether we are satisfied or not, then it will be an endless discussion, and we will never be able to decide on the figure,” he added. “I hope all parties can accept it.”

The Indonesian Employers Association (Apindo) voiced its opposition, saying that the increase was too great.

[indomie]

http://socioecohistory.files.wordpress.com/2009/03/zimbabwe-1.jpg?w=446&h=376

[indomie]

When the rich get more money, they just put it in the bank. When the poor get more money, they will buy food and stuffs. An increase in the minimum wage is a real push factor for inflation. There is a lot of dynamic here in the making, we can't fully comprehend until it happened.

[Iamderek]

Shinzo Abe has led Japan to cross the rubicon. Best of luck to him.

[phantom_opera]

Another wave of inflation due to ep tightening will hit this year

[minority]

That will cause inflation. Anyway Japan say they are ok with higher inflation rate or 2%.

All the nation are exporting their problems. I guess if u can't beat them u have to join them.