tag:blogger.com,1999:blog-18079728.post116860940283412625..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Barbary Apes & the Art of Central Banking"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-18079728.post-1168954691945309312007-01-16T05:38:00.000-08:002007-01-16T05:38:00.000-08:00John Halasz....bugger blogger! I just lost a monst...John Halasz....bugger blogger! I just lost a monstrously long reply to you....damn! I will revert back to the old comment screen which if nothing else is more robust than the pop-up. I switched 'cause of spam, but its a mistake....-CAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168952383690928232007-01-16T04:59:00.000-08:002007-01-16T04:59:00.000-08:00Anonymous - Thank you for higlighting the treatmen...Anonymous - Thank you for higlighting the treatment of net v. gross debt in national accounts (John Halasz take note). Without devolving into conspiracy theories, there IS a Kabuki-like theatric to many of the things political boffins and MoF highlight (e.g. deflation) that are used for - as you point out in respect of Gross vs. Net debt - self-serving purposes for TeamJapan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168950929529093592007-01-16T04:35:00.000-08:002007-01-16T04:35:00.000-08:00Anonymous -1 : Point taken and corrected. It was n...Anonymous -1 : Point taken and corrected. It was not meant as such for these small shop owners of Britain are very un-british in the kindness and warmth they extend to their customers. -ed."Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168950565894957792007-01-16T04:29:00.000-08:002007-01-16T04:29:00.000-08:00"Japanese national debt of 150+% of GDP"This is th..."Japanese national debt of 150+% of GDP"<BR/>This is the gross figure of national debt issue. Most countries publish the net figure; but Japan doesn't have consolidated national accounts:-)<BR/>In a paper (Happy News from the Dismal Science: Reassessing Japanese Fiscal Policy and Sustainability) published a couple of years ago by Broda and Weinstein, the authors calculated Japan's net debt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168944508461446532007-01-16T02:48:00.000-08:002007-01-16T02:48:00.000-08:00FYI in the UK the term "Paki" is a serious racial ...FYI in the UK the term "Paki" is a serious racial slur - perhaps you should replace with Pakistani.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168910464332033822007-01-15T17:21:00.000-08:002007-01-15T17:21:00.000-08:00Oy vey! I pressed a wrong button and my post disap...Oy vey! I pressed a wrong button and my post disappeared before just before I'd finished. All is lost! Which was the substance of my post anyway.<BR/><BR/>At any rate, I was saying that I wasn't taking a nationalistic perspective and that I was just inquiring into the Japanese end of a multi-lateral global dilemma, in a forward-looking direction. And the Japanese national debt of 150+% of GDP, john c. halaszhttps://www.blogger.com/profile/06674692969448923049noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168879468895149092007-01-15T08:44:00.000-08:002007-01-15T08:44:00.000-08:00I enjoyed that. ThanksI enjoyed that. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168848987364156122007-01-15T00:16:00.000-08:002007-01-15T00:16:00.000-08:00Cassandra's rant, that is, not the gibberish immed...Cassandra's rant, that is, not the gibberish immediately above ...<BR/><BR/>jmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168848332010187112007-01-15T00:05:00.000-08:002007-01-15T00:05:00.000-08:00What an absolutely glorious rant!Amen.jmWhat an absolutely glorious rant!<BR/><BR/>Amen.<BR/><BR/>jmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168831391985134102007-01-14T19:23:00.000-08:002007-01-14T19:23:00.000-08:00Since the stock market/real estate meltdown at the...<I>Since the stock market/real estate meltdown at the beginning of the 1990's, Japan has been deficit spending furiously, to little overall avail</I><BR/><BR/>I do not agree with this statement. The authorities accomplished much, though it was not what "we" in the west would term good avail, though there was much avail. Despite the largest property bubble the world probably ever saw, the "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1168754332838414162007-01-13T21:58:00.000-08:002007-01-13T21:58:00.000-08:00Query. Since the stock market/real estate meltdown...Query. Since the stock market/real estate meltdown at the beginning of the 1990's, Japan has been deficit spending furiously, to little overall avail, but has increased its national debt by ~100% of GDP, such that it is now 150+% of GDP. I take it that virtually all that public debt is held by the Japanese public/domestic institutions, since the interest rates are unattractive and BoJ/MoF do john c. halaszhttps://www.blogger.com/profile/06674692969448923049noreply@blogger.com