Japan PM shrugs off global criticism over latest stimulus steps

TOKYO Wed Jan 30, 2013 2:11am EST

Japan's Prime Minister Shinzo Abe makes a policy speech during the start of ordinary session at the lower house of parliament in Tokyo January 28, 2013. REUTERS/Toru Hanai

Japan's Prime Minister Shinzo Abe makes a policy speech during the start of ordinary session at the lower house of parliament in Tokyo January 28, 2013.

Credit: Reuters/Toru Hanai

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TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe waded into the growing global debate about currency wars for the first time on Wednesday, shrugging off criticism that Tokyo was trying to intentionally weaken the yen with its monetary and fiscal stimulus measures.

"The measures taken by the government and the BOJ are aimed at beating deflation and achieving sustainable economic growth," Abe said, when asked by an opposition party leader in parliament about criticism from some overseas policymakers that the steps were attempts by Tokyo to directly weaken the yen.

It was his first public comment on the issue.

German Chancellor Angela Merkel last week singled out Japan as a source of concern following recent moves by its central bank to quicken the pace of money-printing.

South Korea has also been vocal in recent days, with the governor of the central bank saying on Saturday that Japan's latest monetary easing had "created problems.

South Korea's deputy finance minister warned on Wednesday the government would consider new measures to tighten capital flow controls and curb speculation in foreign exchange markets, as economists fear the yen's recent sharp slide against the won will make Seoul's exports less competitive.

Talk about a currency war dominated discussions at the World Economic Forum in Davos last week, with many central bankers and business executives questioning the wisdom of continuing easy money policy.

Central bankers in advanced countries, notably Japan and the United States, have been pursuing aggressive action to reflate their economies.

This has had the effect of weakening their currencies, prompting investors to move a wall of cash into more attractive markets such as South Korea and forcing their currencies higher, making their financial markets more volatile and potentially jeopardising export growth that governments are counting on to fuel economic recoveries.

Abe also kept up pressure on Bank of Japan to expand monetary stimulus, calling for bold measures to achieve its new 2 percent inflation target.

"I strongly hope that the Bank of Japan pursues bold monetary easing to achieve (2 percent inflation) as soon as possible," he told parliament.

When asked later by another opposition lawmaker about the need to revise the law which guarantees the central bank's independence from the government, Abe said:

"I still consider revising the BOJ law as a future option."

Abe also said he would choose someone who shares his view on monetary policy and tackles deflation with strong determination as a successor to BOJ Governor Masaaki Shirakawa, whose term expires in April.

Under pressure from Abe for more aggressive efforts to beat deflation, the central bank last week doubled its inflation target to 2 percent and made an open-ended commitment to buy assets from next year.

In a meeting of the government's top economic panel held two days after the BOJ's rate review, BOJ Governor Masaaki Shirakawa suggested that the bank may increase asset purchases even further to inject funds into the economy.

As part of his plans to revive the economy, Abe has also pledged big fiscal spending that led to his government compiling a 10.3 trillion yen ($114 billion) extra stimulus package.

But in a $1.02 trillion draft budget for the next fiscal year approved on Tuesday, the government aims to keep new bond sales below tax revenues in a symbolic move to show its resolve of continuing with efforts to fix Japan's tattered finances.

"While we need to revive Japan's economy, it's also important to restore fiscal health," Abe told parliament.

($1 = 90.6500 Japanese yen)

(Additional reporting by Tetsushi Kajimoto; Editing by Shinichi Saoshiro & Kim Coghill)

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Comments (1)
Janeallen wrote:
Obama’s foreign policy in the east has unleashed a savage, sadistic, irresponsible country, bent on whitewashing the bombing of Pearl Harbor. Hilary turned into an utter hypocrite, ignoring the rights of uncountable women rape victims under Japanese atrocities under the era of Abe’s grandfather( beyond Korea, in China, in Indonesia, in IndoChina, in Manchuria, everywhere).

I voted for Clinton, and then Obama, but both let down humanity allowing the Japanese ambassador to declare an alliance with the ultimate embodiment of “evil”. The ambassador called the American-Japanese relationship the “cornerstone” of U.S. foreign policy in Asia. If that is not changed, then American foreign policy in Asia is no different than Hitler’s policy in Europe in the years Hitler was brewing for world dominance of the Nazi regime.

Obama has turned blind, deaf, numb to the cries of the most egregious injustice of treating war crimes and the active defaming of all brave, heroic peacemakers to speak the truth about history. America is standing on the wrong side of history in Asia, and is steering itself off the cliff in terms of credibility, honesty, and honor.

Obama decided to join the thugs of Asia– with Abe as the leader.

I will NOT vote for Hilary, nor confine myself to whitewashing Obama’s misguided foreign policy decisions in Asia even though I had voted for Obama, and am deeply concerned about the human rights situation in China.

Japanese spies undermined American democracy by hacking computers so that the debate lost all the voices of conscience. I have reason to suspect strongly that they hacked my computers. However, such news will never hit any news stance.

Given the historical behavior of the specific Japanese militaristic leaders worshiped by Abe, they are masters in the art of making their intended victims look like predators. That’s what they did in 1890s, in 1900s, in 1910s, in 1920s, in 1930s, in 1940s, against its Asian preys. Then, the United States became the focused prey for Japanese smearing by the Japanese Emperor, starting with the speech he gave to the Japanese people, claiming that the reason for the surrender was the “cruelty” and disregard for human life by Americans !!!! Nothing was mentioned about the tens of millions Japanese soldiers killed, tortured and raped with the active support of Japanese civilians. Not a single word about taking responsibility for its warmongering, and how it led to no other choice than for Americans to invade Japan proper to stop the widespread crimes against humanity committed over decades by inhuman (not inhumane, but the cruelty made them inhuman) Japanese soldiers spread by the Japanese militarists and by the Japanese Emperor to ravage all over Asia.

Communism is a direct tragedy resulted from the utter despair, destruction unleashed by Japanese inhuman national instincts, policies and Japanese national “pride”.

Japanese national pride has been the most peace-disrupting entity in Asia since the 1890s, since Meiji Reformation. Japan whitewashers argue that the invasions were influenced by the west; in truth, the atrocities committed by Japan were much worse, when they knew, after WWI, that even when they lost, they could take “prizes” like these disputed islands just like white slave owners claimed the legality of Jim Crow laws in insisting on their rights to mutilate, violate the grace and dignity of Afro-Americans kidnapped from Africa.

Just like Africans who had been kidnapped, never should belong to slave owners, loot from activities supported by racist Aryan theories propagators (who were the fathers, teachers, philosophers that influenced Hitler to start persecuting Jews and developing mass murder chambers) do not, and never belonged to Japan.

If it did, Japan would never have administrative rights alone. America would not have hedged from the start. We hedged because we knew we were, in name, giving those islands as reward for Nazi-like activity by Japanese leaders.

The cooling of the tension immediately after the letter by Abe handed to Xi, clearly indicating a WILLINGNESS TO ACKNOWLEDGE TAIWANESE RIGHTS OVER THE ISLANDS IN THE FUTURE, IS FIRM EVIDENCE THAT JAPAN WAS THE SOLE PROVOCATEUR, THE SOLE WAR MONGERER IN THE LAST FEW YEARS. Had China been the true warmonger, the tension could not have cooled so drastically and seemingly completely, immediately after the visit of the ex-Japanese PM to the Nanjing Massacre site, as an apology to the open worshiping of not jut rapists, murderers, invaders, defamers, torturers, but the most sadistic, most manipulative ones by sitting Japanese ministers.

I was hoping that the tension would permanently subside when the Taiwanese “Protect Diaoyu Island” group, formed decades ago when Taiwan was the staunchest military foe of mainland Communist China, headed off the islands.

Any person not in denial about the naked facts about these islands would find that move absolutely predicted, from an objective, cool reading of Abe’s letter. HAD ABE BEEN SINCERE, HE WOULD HAVE BEEN COURTEOUS TO THE TAIWANESE BOAT AND ALLOW THE MEMBERS TO PUT A RELIGIOUS SYMBOL ON THE ISLAND. THAT WOULD HAVE PROVED ABE’S SINCERITIY. ALAS( and it may not be coincident that my computer was hacked probably by Japanese spies) I was not able to comment during those days, to expose Abe’s hypocrisy fully to protect my American leaders from being further fooled by the highly sophisticated Japanese ploy. Instead of treating the Taiwanese boat in a way consistent with the message sent by the handwritten letter to China, Abe sent his troops to ram the boat, caused it to be full of water.

Incidentally, a couple of years back, when NHK released the deceptive video that claimed to prove that the Chinese fishing boat captain was the aggressive part– it was a whole bunch of hogwash. Why? Anybody who knows the fundamental principles of the branch of Physics called Relativity, will understand this easily. In this universe, there is no absolute still object or moving object. When the camera is on the Japanese ship, that ship will ALWAYS appear to be stationary, because it was stationary relative to the camera. The Chinese fishing boat will ALWAYS appear to be the actively moving party relative to the Japanese camera. One piece of evidence can give it away — and that’s foam produced from any fast traveling of the Japanese boat relative to the ocean. I examined the footages on NHK multiple times. Japan had carefully edited all footages that contain any images of the water immediately surrounding the Japanese ship. The Japanese are good scientists. They know what they were doing. That claim — that the released video showed that Japanese boat was stationary, and that the Chinese ship was the ramming the Japanese boat — contradicts the fundamental physics principle of relativity. That’s because the way the camera was positioned, on the Japanese ship, will ALWAYS show that the ship where the camera is located is stationary “relative to” the camera.

Back to this recent incidence, when the Taiwanese ship responded reasonably to Abe’s letter to go test Abe’s sincerity, the footages I was able t see, showed that the Japanese ship was the aggressor. Reuters knew that uncountable people were outraged at the treatment of the Taiwanese boat by Abe’s self-contradictory move, deliberately avoided putting a report on the web. Reuters Japan manipulated that incident to COVER UP HOW THAT INCIDENT CLEARLY REVEALED THE MANIPULATIVE AND DUPLICITOUS NATURE OF ABE. THAT’S ALSO THE TIME WHEN MY COMPUTER WAS INCAPACITATED BY HACKERS. I DON’T THINK IT IS A CONINCIDENCE. ALSO, THE CIA SHOULD ALSO KNOW THAT SOME JAPANESE SPIES STEPPED UP THEIR DEFAMATION OF PATRIOTIC CHINESE AMERICANS DURING THAT PERIOD. A NEW TACTIC OF DEFAMATION TOOK PLACE WHEN MY COMPUTER WAS HACKED AND INCAPACITATED. THE DEFAMATION TACTIC WAS TO CLAIM THAT THE CHINESE AMERICANS WERE NOT SPEAKING FROM THE HIGHEST MORAL GROUNDS OF THE AMERICAN CONSTITUTION, ABOUT DEMANDS FUNDAMENTALLY GROUNDED UPON PRINCIPLES OF JUSTICE, FAIRPLAY, HONESTY, AND AGAINST DUPLICITY, MANIPULATION, PREDATORY INVASION(ECONOMIC OR MILITARY). INSTEAD, THE NEWEST DEFAMATION TACTIC WAS TO CLAIM THAT THE CHINESE AMERICANS WERE LOYAL TO A FOREIGN GOVERNMENT, IN THAT SITUATION, THE CHINESE GOVERNMENT. NOTHING CAN BE FARTHER FROM THE TRUTH. THE CHINESE COMMUNIST NEVER COULD SPEAK FROM THEIR OWN CONSCIENCE. IT WAS ALL ABOUT FOLLOWING A PRESET VERSION FROM THEIR GOVERNMENT. THAT’S WHY THEY WERE SUCH POOR DEBATERS, NOT BECAUSE OF A LACK OF INNATE INTELLIGENCE OR ORATORY GENETIC SKILLS, BUT A RESULT OF THE CONSTANT SUPPRESSION OF ORIGINAL THOUGHTS INSIDES COMMUNIST CHINA.

OBAMA, CIA, FBI, HILARY: HAD THOSE CHINESE AMERICANS BEEN AS THE DEFAMERS, HAVING LOYALTY TO A REGIME THEY SHUNNED, THEY ESCAPED FROM, THEY FOUGHT WITH THEIR LIVES AGAINST, THEY WOULD NOT HAVE BEEN THE TYPE THAT THE JAPANESE SPIES, TROLLS, AND PAID AGENTS NEED TO HACK THEIR COMPUTERS, IN ORDER TO EFFECT A NEW TYPE OF DEFAMATION TO DISCREDIT THEM.

THEIR ARGUMENTS WOULD NOT HAVE BEEN THREATENING TO THE TROLLS WHO BLINDLY DEFEND & WORSHIP THE NEO-NAZI JAPANESE GOVERNMENT POLICES.
ONLY SPEAKERS OF THE TRUTH, BARE TRUTH, NAKED TRUTH, TRUTH OF HIGHER MORAL GROUNDS, OF SUPREME UNIVERSAL INDISPUTABLE TRUTH —- ONLY THOSE PEOPLE’S VOICES OF CONSCIENCE THREATENED THE PRO-JAPANESE TROLLS ENOUGH FOR THEM TO RESORT TO ONE DIRTY, SNEAKY, DESPICABLE TRICKS AFTER EARLIER ONES HAD FAILED.

RECALL: THEY FIRST CALLED THE VOICES OF CONSCIENCE THE RESULT OF FAKE PROPAGANDA. THEY QUICKLY DISSIPATED BECAUSE THEY WERE CLEARY OUTARGUED BY THE VOICE OF CONSCIENCE PRIMARILY ON GROUNDS OF AUTHENTICITY.
THEN THEY DEFAMED THAT THE ELOQUENCE THEY PERCEIVED WERE “PAID”. THAT WAS QUICKLY PROVEN TO BE HOLDING NO WATER AT ALL. MONEY CANNOT BE MINGLED WITH SUCH PURE THOUGHTS WITHOUT CONTAMINATING IT. THE FACT THAT THE DEFAMERS WERE DEFEATED BY THE OBVIOUS HIGHER MORAL GROUNDS OF THE VICTIMS OF DEFAMATION, ALONE, WAS SUFFICIENT TO SHOW THAT THE MORALLY SUPERIOR ARGUMENTS NEVER MINGLED WITH ANY FINANCIAL INCENTIVE.

THEN THE LATEST TACTIC: MANIPULATE THE JAPAPNESE PUBLIC WITH HARDLINE TALKS BY ABE HIMSELF, STANDING IN FRONT OF AN APPLAUDING CROWD, WHILE ABE SENT A DELIBERATELY VAGUE LETTER SUGGESTING AN ACKNOWLEDGEMENT OF FUTURE TAIWANESE OWNERSHIP, AND THEN, AFTER XI RESPONDED EXTREMELY REASONABLY( AND STRONGLY PROVING CHINA’S PEACEFUL INTENTION)BY RESPONDING IN LIKE STYLE, A JAPANESE PROFESSOR WENT ON NHK, SHOWING THE CLASSIC HISTORICAL JAPANESE DUPLICITOUS, EXTREMELY MANIPULATIVE TECHNIQUE OF ACCUSING XI TO BE VAGUE!!!!!!!!!

WHAT THAT JAPANESE NEO-NAZI PROFESSOR DID IN ITS COMMENTARY, WAS ESSENTIALLY ANNULLING ALL ( I REALLY MEAN ALL ) THE PEACE PROGRESS ACHIEVED BY THE EX-JAPANESE PM’S VISIT TO NANJING, BY DECLARING LOUD AND CLEAR THAT ABE’S LETTER DID NOT SAY WHAT IT WAS DELIBERATELY DESIGNED TO APPEAR— ACKNOWLEDGE THE POTENTIAL OF TAIWANESE OWNERSHIP IN THE FUTURE. AND IN A STYLE AS REPETITIVE AS THE WAY N. KOREA MANIPULATED ITS NUCLEAR ISSUE FOR FOOD & THEN RENEGED ITS PROMISE, THE JAPANESE PROFESSOR EFFECTIVELY RENEGED ABE’S ACKNOWLEDGEMENT OF TAIWANESE OWNERSHIP BY HIS INTERVIEW ON NHK.

NEED I SAY ANYMORE. ABE, THE JAPANESE SITTING GOVERNMENT, AND THE JAPANESE PROFESSOR WERE DELIBERATELY MISLEADING READERS OF REUTERS, OF FOREIGN ADVISORS OF OUR AMERICAN GOVERNMENT. AND IT SEEMED TO WORK. AND THEY MADE SURE THAT IT WOULD WORK, BY CENSURING THOSE WHO HAVE THE CLEAR MINDS TO SEE THROUGH THEM. THEY DO SO BY HACKING THEIR COMPUTERS, AND PLANTING THE NEW RAMPANT DEFAMATION THAT THESE MAY BE AMERICANS, BUT LESSER AMERICANS, BECAUSE OF THEY UNDERSTAND MORE THAN ONE LANGUAGE.

THEY DEFAME AMERICANS WHO LOVE OUR COUNTRY ENOUGH TO STAND UP BRAVELY AGAINST DUPLICITY, DECEIT, MANIPULATION, BY CALLING THEM DISLOYAL, AND THEM GAGGED THEM, MADE SURE THEY COULD NOT IMMEDIATELY CALL OUT SUCH DEFAMATION— THUS SECURING SOME HEADWAY, IN ACQUIRING HIGH-TECH MILTARY CAPABILITIES FROM OUR COUNTRY, THE UNITED STATES OF AMERICA.
AND THEY KEEP DOING THAT WHILE THEY TRICK US, MALIGN US, THROW FALSE GUILT TRIPS ON US, AND LATELY, MANIPULATE THE YEN TO TARGET THE U.S. ECONOMY. LET NO AMERICAN BE FOOLED. THE NEGATIVE GROWTH RATE IN THE LAST QUARTER OF OUR AMERICAN ECONOMY IS A DIRECT RESULT OF JAPAN’s APPRECIATION OF ITS CURRENCY BY MORE THAN 14% In the 4 MONTHS COVERING THAT QUARTER. JAPAN IS TARGETING AMERICA, IN ACCORDANCE TO ABE’S OPEN DECLARATION THAT HE IS NOT APOLOGETIC ABOUT BOMBING PEARL HARBOR, AND INTENDS TO CONTINUE TO MANIPULATE AND FAN A COMPLETELY FALSE, BUT SEEMINGLY BELLIGERENT IMAGE OF CHINA TO EXECUTE ITS PLAN TO CHANGE THE JAPANESE CONSTITUTION SO THAT IT COULD BOMB PEARL HARBOR, RAPE NON-JAPANESE ASIAN SEX SLAVES AGAIN, AND DOES SO WITH IMPUNITY BY SUCCESSFULLY FANNING THE SENSE OF DISGUST FROM AMERICANS OVER ALL THE HORRIBLY TASTELESS NEWS ABOUT MAINLAND CHINA.

American CIA should be investigating Japan for posing as Chinese hackers to derail any fair discussion of Japanese revival of militaristic Nazi national principles, as well as predatory economic principles against the United States. And that must be done BEFORE Abe manages to sneak military secrets, high tech secrests from Obama in the impending visit, and to steal undeserved tolerance for its predatory economic policy against the rest of the world.

The depreciating yen benefits one country the most, other than Japan itself. That is Russia. That’s because Russia just saw its oil revenue from Japan jumped 14%, and it looking to provide more oil to Japan as Japan can no longer buy as much oil from Iran. The facetious excuse of promoting fiscal health, less debt, is an atrocious Russian cover for promoting the windfall from the yen’s depreciation. Practically all other G20 countries stand to suffer from Japan’s predatory economic policies.

Now back to the original topic.

Japan’s full responsibility in provoking the territorial dispute was fully exposed while my computer was hacked and disabled. After deliberate subversion of voices of conscience for months, then a deliberate campaign to defame brave voices that speak naked historical truths about Japanese malicious manipulation of images of its intended preys before every predatory move. Deliberate sabotage of my ability to comment in the past few weeks is another piece of evidence of the malicious, and much much more deceitful nature of Japanese spies, trolls and agents.

As soon as the ex-Japanese PM visited the WWII war crimes site in a respectful way, the China-Japan relationship cools. The letter written by Abe CLEARLY sent a message that Japan is OPEN TO RECOGNIZE THAT TAIWAN MAY BE THE ULTIMATE OWNER of the disputed islands, & that the “administrative role” imparted to Japan was made with full understanding of Japanese politicians that Taiwan was the rightful owner. The administrative role imparted also included a clear understanding that Japan was not given ownership of the islands.

ABE is warmongering when he repeatedly described the protest of the denial of Japanese war crimes as infringement of Japanese territory.

Those were never Japanese territory.

Administrative rights are akin to Trustee’s rights.

Abe’s recent speeches, and NHK, Reuters Japan’s deliberate distortion of the trustee’s rights as full property rights.

ANYONE WHO NAIVELY SUPPORTS JAPANESE CLAIM WILL BE EQUIVALENT TO SUPPORTING JIM CROW LAWS, SUPPORTING AFRICAN SLAVE STATUS JUST BECAUSE SLAVERY HAD CONTINUED FOR TOO LONG, SUPPORTING CATHOLIC CLERGY ABUSE BECAUSE STATUTE OF LIMITATION HAD LAPSED.

REUTERS IS AGAINST HUMAN RIGHTS IN THE PAST FEW MONTHS IN ASIA.

REUTERS IS ACTIVELY CONTRIBUTING TO DESTABLIZING THE PEACE AND SECURITY OF ASIA BY ACTIVELY SUBVERTING AMERICAN DEMOCRACY.

Feb 03, 2013 11:48am EST  --  Report as abuse
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