Opinion Prime Minister Shinzō Abe to Resign

David

Founder
Okinawa.Org Staff
It looks like Prime Minister Shinzō Abe, aged 65, has decided to resign, citing deteriorating health as the reason.

Maybe we'll get a Prime Minister in that knows more about economics and international trade to prop up Japan's failing economy as Abenomics is definitely not working, even trying for nearly seven and a half years.
 
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Felix

Member
Founding Member
It looks like Prime Minister Shinzō Abe, aged 65, has decided to resign, citing deteriorating health as the reason.

Maybe we'll get a Prime Minister in that knows more about economics and international trade to prop up Japan's failing economy as Abenomics is definitely not working, even trying for nearly seven and a half years.
This does come as worry to all of Japan and the economy and this news has been on CBS already and in the post Abe added this for his health reason:
"I have decided to step down from the post of the prime minister," Abe said Friday at a news conference, adding that he was suffering from a recurrence of the ulcerative colitis that brought an end to his first term.

The direct link for CBS posted news article on Abe is here:
Japanese Prime Minister Shinzo Abe to resign due to deteriorating health
 

BBZ

saltwater addict
Founding Member
Time for new, young blood. I know that won't happen, they'll elect another guy from the old boy's network and the country will continue on its same downward trend :( The world has changed big time in the last 30 years yet, it's the same cronies in government positions since 40-50 years. stuck in the past
 
OP
David

David

Founder
Okinawa.Org Staff
Time for new, young blood. I know that won't happen, they'll elect another guy from the old boy's network and the country will continue on its same downward trend :( The world has changed big time in the last 30 years yet, it's the same cronies in government positions since 40-50 years. stuck in the past
Stick to Abenomics and that's sure to happen sooner than later.
 
OP
David

David

Founder
Okinawa.Org Staff
Abenomics will ruin the nation, Japan already floats on a huge sea of debt
You have to also keep in mind that they are leveraging their debt by holding other countries accountable for their debts. For example, as of June 2020, Japan owned $1.26 trillion in U.S. Treasurys, making it the largest foreign holder.

This is the only thing keeping the currencies about equal at the moment. Japan only needs to worry when it absolutely comes down to it to try and cash back in, provided the countries can buy it back because they aren't in a deficit anymore and could pay their debts.
 

BBZ

saltwater addict
Founding Member
After Abenomics, what next? | NHK WORLD-JAPAN News
"Yet Abenomics isn't without its critics, who point to the nation's very real – and very large – debt problems. By the end of fiscal 2020, outstanding Japanese government bonds are expected to total about 964 trillion yen (about 9.1 trillion dollars). The figure compares to 705 trillion yen at the end of fiscal 2012. Calls for regulatory reforms have gone unfulfilled, and inflation has stubbornly stayed well below the 2 percent target. "
 

Felix

Member
Founding Member
It's a scary chill when thinking who the next successor will be to take Abe's position? There is a lot of chatter buzz on what will the next named Prime Minister do about the Corona Virus Measures and Restrictions and will the next named Prime Minister change the Constitution in favor for Prefecture Governors to have their own powers to set their restrictions as they see necessary to control the pandemic. The buzz has it that people are on edge if Governors will be given free decision making like the Governors in the U.S. to do real lock down's and fines and penalties for not complying with Governor orders on Corona restrictions, and how many people will lose more jobs and business if the next named Prime Minister rewrites the Constitution for Covid-19 measures. Also spoke to a few gaijin's who are worried if their companies get closed and they lose their work visa's they will have to return to their native countries and most likely will get the virus after all. It's also been said that Japan's economy which has relied on tourists has reached 99.9% failure and has struck a mortal blow to the economy that we are 100% in a recession with no end in site and now if the new not yet named Prime Minister gives powers of closures and restrictions like those in other countries it will destroy lives and jobs and force a lot of people out of Japan. The next successor in my opinion must be very careful as 1 wrong move on his part could be a devastating blow to Japan to become an instant poverty stricken country with millions out of work just like America and others.
 
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