Media Never Report Importance Thing Other Than Snap Election

Yesterday, Prime Minister Abe Called Dissolution　
The House of Representatives’ election is to be held on 14 (Sun) of next month.

Consumption tax hike to 10% to be shelved　
Consumption tax hike to 10% was scheduled to be implemented in October next year, but it seems to be shelved until one year and a half.

Why is he going to call a snap election?　
Why of all days, near year end?

Prime Minister Abe: “Tax system is closely related with public life. The people have pros and cons of economic policies. To proceed with them, it is necessary to listen to the voices of the people.”
Source: THE PAGE – ”Abenomics” “Rise to 8 percent” What are issues in dispute and cause over snap election? Easily-understandable Terminology of Current Affairs by Taro Bando, Lecturer, Waseda Prep School　
This dissolution seems to aim at questioning the public’s trust in Abenomics.

To nullify scandals?　
To nullify scandals?
In October, Ms. Yuko Obuchi and Ms. Midori Matsushima resigned due to scandals in the Abe Cabinet.

S&M Bar Scandal of Minister Miyazawa Disclosed　
It was disclosed that some staff used political funding as work-related expenses at a S&M bar.

And, “Now we will win”　
Prime Minister Abe seems to think that his cabinet will win the trust of the people because he has decided to shelve a tax hike.

　
Mr. Abe thinks that making use of not only a high approval rating of the cabinet, lame-duck opposition parties but shelved consumption tax hike, he is going to hold a victory-assured election. As a result, he intends to evade responsibility with the public approval of consumption tax hike. Mr. Abe, “you are a veritable villain.”
November 19, 2014 at 12:57

The day before announcement of the dissolution, important news released　

Significant drop in GDP　
GDP indicates a total amount of money produced in the country through production and sale of rice, creation and sale of a new application, or providing temporary service at restaurants. In a word, GDP shows Japan’s economic power.

The GDP growth rate from July to September was at minus 1.6 percent per annum. This is the second consecutive negative quarter, worse than immediately after tax hike to 0.4 percent. 　
Source: GDP from July to September Second consecutive negative by NHK news
Examining GDP, we will see whether Japan’s economy is upturn or downturn. The second consecutive negative quarter means that Japan’s economy has got aggravated.

Totally different from prediction 　
According to the media, we will see upturn in economy with the lapse of time after tax hike. The reality was different.

kotokoro17@kotokoro17　
What is this prediction? Not from the public’s viewpoint. The economy never gets better around me. Although I do understand that tax hike is the revenue necessary for children in the future, the time was wrong when the consumption tax hike to eight percent was adopted. As for this GDP, I thought that it would turn to be negative. pic.twitter.com/hSKx0950ZN　

　
” GDP growth rate from July to September (annualized growth rate)
Prediction by the private sector +2.49 percent
Yesterday’s announcement -1.6 percent “

November 18, 2014 at 07:08

tyumu @tyumu1216　
The following is economists’ prediction. They should be executed.pic.twitter.com/pBIdNNGqWL　

　

	BOJ’s quarterly short-term economy survey until Sept.	Pros and cons of consumption tax hike	Predicted GDP growth rate for Jul. to Sept. (Annualized growth rate on a quarter-on-quarter basis)
Hajime Takata Chief economist, Mizuho Securities Co., Ltd.	More improvement in the big company and the manufacturing sector is predicted due to a drop in yen.	pro	4.7%
Tomoo Kinoshita Chief economist, Nomura Securities Co., Ltd.	Positive stance toward capital investment will be clarified.	pro	3.6%
Mitsumaru Kumagai Chief economist, Daiwa Institute of Research Ltd.	Corporations’ cautious stance will be reconfirmed.	pro	3.1%
Susumu Takahashi Chaiman, Japan Research Institute, Limited	In spite of delay in recovery from recoil reduction, refinement criterion will not collapse.	It’s premature to implement it.	3.4%
Junichi Makino Chief economist, SMBC Nikkou Securities Inc.	Outcome differs, depending on production and sale overseas	If the GDP growth rate for the period of July to September is negative, it should be postponed.	2.4%

November 17, 2014 at 08:56
　
All economists predicted positive growth, but actually it was negative 1.6 percent …

Professor, Nobel laureate in economics, also Warns　
When Prime Minister tries to adopt a tax hike to 10 percent, the professor repeatedly gave warning. According to Professor Krugman, eight percent of consumption tax is too high and the tax should be back to five percent.

Arubiaka@15@alb_swan @alb_swan Since Nobel Prize winning economist, Prof. Krugman came to negotiate with Mr. Abe in person, the current Japan must be so risky. Media never try to report anything.
November 18, 2014 at 23:30