Thanks for all the comments. I notice that a lot of people say they do not understand economics, but you don’t have to understand something completely in order to take an interest in it. I studied economics at university, but I certainly wouldn’t claim to be an expert. Actually, even the experts can’t really claim to understand economics. I heard my university professor on the BBC the other day arguing with a Nobel prize-winning economist about what the British government should do to revive the economy. Both of them are experts, but they had completely opposite opinions.
As I say, please don’t be put off taking an interest in something just because it is difficult to understand. The consequences of what Mr. Abe is doing could be enormous for Japanese families. If it works, then all will be well, but if it doesn’t, it could be disastrous. This is too important a topic for people to just shrug their shoulders and say, “I don’t really understand it, so I don’t have an opinion.” I hope that everyone in Japan will at least take an interest and form an opinion on what Mr. Abe is doing.
Here is some feedback on your comments.
Thank you for doing that.
I agree with David because weakening the yen makes expensive the fuel or electricity bill.
…weakening the yen will make fuel and electricity more expensive. (Is this your first comment? If so, nice to have you with us.)
What does Abenomics think about to leave the negative legacy to future generations?
What does Abenomics have to say about leaving a negative legacy for future generations?
I have a terrible headache since yesterday.
I’ve had a terrible headache since yesterday.
I don’t support Mr. Abe’s idea, because for the same reason as Mika.
You don’t need “because” in this sentence.
So, I think we Japanese have no choice to implement policies with high or low risk, even if its policy is dangerous gamble for us.
So, I think we have no choice but to implement new policies regardless of the risk.
I’m very skeptical about his easy-money policy or 2% inflation target, either.
It causes a seller’s market and stimulate the competition principle of firms and in consequence, their employees’ salaries will raise.
It will lead to a seller’s market and stimulate competition between firms. As a consequence, their employees’ salaries will rise.
I know well that both are very inportant reforms, though.
I am well aware that ….
I felt the same as you, but the economist sounded pretty confident of the theory!
Economists usually do, even when they are talking rubbish!
I remember there was a British teacher who asked me, “Why did you study in Germany, in such a strange country??”
I must admit that I didn’t have a very positive image of Germany before I went there, but I just fell in love with it straight away. I did a motorcyle tour of about 10 European countries, and Germany was easily my favourite.
I think they have more money than we’re supposed to have when we are 70!
I think they have more money than we will have when we are 70!
But if things come to the worst,
But if the worst comes to the worst,…
I just don’t want them to waste our money on building unnecessary roads and bridges.
Unfortunately, that will be one of the main effects of Abenomics. Oh, and don’t forget concreting the banks of beautiful rivers.
I hesitate to say things to them
I hesitate to say anything because…
By the way, I found another “desk theory”
I guess that is just the translation of a Japanese term, but I’m afraid it doesn’t mean anything in English.
One of Mr.Abe’s plans that I don’t agree on is cutting down on welfare
… that I don’t agree with…
I was kind of rush last night and this morning.
I was kind of in a rush…
the more I read the articles, the more I get worried.
the more articles I read, the more worried I got.
There are some people who really need welfare hesitate to take that and bear with a tough situation.
There are some people who are reluctant to take welfare even though they really need it.
That’s it for today. I’ll try and think of a nice easy topic for next week.
Hope you all have a great weekend.