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Posts Tagged ‘GDP Collapse’

Japan’s Wet Dreams of Re-Militarization Lead to GDP Collapse

Posted by feww on August 14, 2014

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SCENARIOS 717, 444, 300, 222, 047, 031, 04, 02

None has harmed Japan more than its outgoing ‘American’ PM, Shinzo Abe (with the exception of the dead emperor)

 To pay for re-militarization and a major armament campaign Japan’s ‘American’ PM, Shinzo Abe, raised the consumption tax from 5 to 8 percent in April.

Abe’s handlers have instructed him to buy even more arms next year, thus he plans an additional tax hike of 2 percent in October 2015.

“Gross domestic product plunged 6.8% on an annualized basis in the second quarter this year, the biggest fall since the March 2011 earthquake and tsunami,” said a report.

The average consumer simply couldn’t afford to the additional 3% tax hike.

In reality, most food items have seen a price hike of 8% since April. The greedy Japanese supermarkets have added 8% to the price of their goods, instead of the actual tax rise of 3%,  pocketing the difference in the confusion. They don’t consider the average Japanese consumer smart enough to know the difference.

Japan GDP Collapse -WSJ

Wages dropped 1.8% while the sales tax rose 3% leading to a 5.2% QoQ collapse—the highest on record—in Consumer Spending during the second quarter, thanks to Abenomics.

Abe Makes a Mockery of The Article 9 of the Japanese Constitution

The Article 9 of the Japanese Constitution (日本国憲法第9条 Nihonkokukenpō dai 9-jō?) is a clause in the National Constitution of Japan that prohibits an act of war by the state. The Constitution came into effect on May 3, 1947, immediately following World War II. In its text, the state formally renounces war as a sovereign right and bans settlement of international disputes through the use of force. The article also states that, to accomplish these aims, armed forces with war potential will not be maintained, although Japan maintains de facto armed forces, referred to as the Japan Self-Defense Forces.

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