I am wondering how can japan sustains such an interest rate? Also, will this create a real estate bubble?
Bank of Japan, in a Surprise, Adopts Negative Interest Rate
231–240 of 250 posts
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#232Earlier quoted context omitted.
The Japanese economy is dependent on exports of robots to China?
yes, and cars and electronics and everything else china consumes. even 7-11. you ever been to china?
I live in China, and previously in Japan. My point is that the majority of the Japanese economy is not made up of exports to China, which in turn are not in majority made up of robots, as the parent believes.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#233Earlier quoted context omitted.
What I called pompous posturing is going on sarcastically about HN ("ridiculous preferences of HN readership", "HN has more important things to do"), which is a supercilious way of dissing a community you're participating in. People frequently do this as a rhetorical device to implicitly put others down, which means it's uncivil, which means it shouldn't be on HN.
But wasn't the troll article upvoted by the majority of HN users to get to the front page? Isn't that worthy of ridicule? I could, of course, press the "Flag" link and in doing so achieve absolutely nothing: I'm in the minority here. I'm honestly at a loss here. I did expect HN to moderate the discussions, but I didn't expect such strict policing of my behaviour.
Yeah, dang is really strict. He or she, I don't know what it is, maybe transgender, moderates with pride. Protect the "boys club" and all.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#234Earlier quoted context omitted.
Wouldn't it be acceptable to just accept a shrinking economy and change policies in such a way to deal with it? i.e. shrink the police and armed forces, public services, cut needless spending, etc. Become more frugal as economy allows.
The key phrase here was 'aging population'. If the majority of Japan's population are retired then there will still be a huge deficit. Japan needs to bite the bullet and accept immigration as part of its economic strategy.
Immigration brings bigger problems than it solves. Japan would be better of accepting a lower standard of living than encouraging immigration.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#235Earlier quoted context omitted.
I think he meant the whole thing where women can now decide if the want to keep the baby or not.
Women have always been able to decide, with terrible consequences. Putting up your baby for adoption or abandoning it at an orphanage is pretty old?
Except for the whole part where they would get ostracized from society if people were to find out that they abandoned their child?
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#236Earlier quoted context omitted.
It's not that you're complaining about the article reaching front page. It's the insulting way you're doing it. You were out of line in the line that deng quoted (per HN guidelines). Second: deng is a (the?) moderator here. He's not taking sides in a dispute; he's trying to keep things within the HN guidelines. He can say that the article is a troll, and say that you were out of line in the way you complained, becaus…
Yes, the "princess"-comment was harsh and I see how it violates the guidelines. I agree with that. But as I understood dang, additionally to the warning he/she made a judgement regarding my general tone. And I don't understand why it's "pompous" of me to make fun of ridiculous content that dang him- or herself concedes is bad.
It doesn't add any positive value to the conversation.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#237Earlier quoted context omitted.
Yes, the "princess"-comment was harsh and I see how it violates the guidelines. I agree with that. But as I understood dang, additionally to the warning he/she made a judgement regarding my general tone. And I don't understand why it's "pompous" of me to make fun of ridiculous content that dang him- or herself concedes is bad.
It doesn't add any positive value to the conversation.
Well, I thought we had karma to solve that.
And for the amount of offence people tell me I've caused here, I get surprisingly little downvotes... Heck, the "princess"-comment is back in the positive territory.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#238Earlier quoted context omitted.
Eh, it can be a lien, payable upon transfer or death of the owner.
An inheritance tax?
i can't quite tell if this comment is assuming that everyone would agree that inheritance taxes are bad. i certainly would disagree with that assumption. i think inheritance taxes, if implemented properly, could be a great thing, both in terms of providing government revenue and in terms of creating a level playing field for society.
i don't think that a person should be able to give things, after their death, tax free, to their children, with no limitations. i don't think the right to give gifts as you please trumps the right of newborns to a fairer playing field. i think both rights deserve consideration, but i don't think the former is anywhere near absolute. kids should have to earn a living, and shouldn't get huge financial advantages solely because of who they're born to.
besides, if you transfer gifts while you're alive, you're not subject to such high taxes, right? and only gifts over a certain threshold from person to person get taxed anyway, right? if you don't trust your kids to not take the money and run while you're alive, maybe they don't deserve it. i don't think society gets to let you have your cake and eat it too, in terms of both passing on wealth through your bloodline and staying secure yourself. i understand that sort of lineage building is a pretty basic human desire, but there are lots of basic human desires that society doesn't indulge, let alone bankroll.
also, it's not like steep inheritance taxes kick in unless the inheritance is of a decent size.
in the spirit of full disclosure, i don't expect to get any sort of appreciable inheritance, so i'm biased by not having anything to lose here. but this is a thing that seems quite obvious to me, and has seemed obvious for a long time now.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#239Earlier quoted context omitted.
A society without growth looks like Mandarin China. You want growth for the sake of people, to provide a rising standard of living.
The average fortune is dissipated in three generations. (The average medieval noble family was back to being commoners in three generations; and the average Chinese noble family... well, Chinese noble titles degraded by one rank every generation, and every generation had to pass the imperial examinations to get a lucrative government job, so there was a _lot_ of churn there.) Even without growth, you have a lot of so…
Sure - shirtsleeves to shirtsleeves in three generations.
Surely Europe between, say 1760 and 1900 looks different than China in the same period. Perhaps 100 years from now, it will be decided that the Chinese Mandarins were right after all , but that's not consistent with how we look at the world today.
And given some of the posts I've seen here, maybe it will be like that. You didn't have to explain why growth was of value 20 years ago - outside a few odd cases, it was assumed.
Re: Bank of Japan, in a Surprise, Adopts Negative Interest Rate
#240Earlier quoted context omitted.
yes, and cars and electronics and everything else china consumes. even 7-11. you ever been to china?
I live in China, and previously in Japan. My point is that the majority of the Japanese economy is not made up of exports to China, which in turn are not in majority made up of robots, as the parent believes.
18% of their export economy is, which is a pretty large amount.