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<How Can We Save The Euro?>

  • Q1Germany has a trade surplus in EU countries, particularly in the Eurozone. Should the EU help Greece? Or is Greece's collapse inevitable?
  • Q2It has been pointed out that the EU's financial systems are having a significant effect on the Eurozone crisis. What problems are there in such systems?
  • Q3Will Greece's financial collapse trigger a breakdown of the eurozone and EU?
  • Q4What kind of support should the world offer in dealing with this crisis?
  • Q5What should Japan do to make sure it doesn't end up in the same situation as Greece?
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Q5 What should Japan do to make sure it doesn't end up in the same situation as Greece?

Q5
No.0153

Japan

Nagashiro Ibuki

Teacher

Need human head benefits rather than increasing capitation tax

Japan's national debt reaches a quadrillion and the media start screaming loudly. They say that one person's debt will come to around several million yen, but it's not the public who have created such debts, it's companies like the former Japan National Railways and Japan Airlines that produced some 20 trillion yen and 2 trillion yen's worth of debts respectively. Because of political pressure, more and more routes were created, and economic potential wasn't taken into account. The media must stop talking as if every member of the public is responsible. The public is working sincerely and honestly. Economists, critics and the media have not made it clear why the yen is so strong. It's not that they are ignorant, they're deliberately not saying. Japan has no debts abroad. They are only flowing into the country to cover trade deficits where huge amounts of money are being used on patent fees. In other words, some firms are earning huge profits. Naturally the value of the yen won't go down to zero for some time, and it won't go down drastically either. The reason foreign investors buy the yen is because the dollar and the euro will shrink drastically. Japan alone cannot make the yen strong (the world cannot compete against yen selling) but it can easily make the yen cheap by itself. To put it simply, print lots of 10,000yen notes and spread them around (notes can be printed with authorisation from the Japanese government). The reason the dollar is so cheap is because the US printed lots of dollar notes and scattered them around the world. The truth is the dollar is only really worth about 40yen, but despite this Japan is continuing to buy up US national bonds which are eventually just going to become scraps of waste. Japan, the US and Europe's way of attempting to support current economic differences (gap between rich and poor) and raising taxes will only fail. To become a dynamic engine in the world economy, Japan should not raise taxes or issue national bonds. Instead, it should offer each member of the public a sum of money and take steps to increase people's purchasing power. Japan must do this to compete against devaluation policies that bring down the value of the European and US currencies. They should bring out this slogan: "buy foreign-made products by half." Right now, the world will have to shoulder the burden of such money going to the public and the yen won't go down in value so quickly. Japan has provided plenty of assistance to the rest of the world such as the ODA, and following the Great East Japan earthquake, no doubt the world will have to shoulder the burden if the public receives money, but for Japan to become a dynamic engine in the world economy, it shouldn't take stupid steps like raise taxes. It needs to do the opposite, offer money to each member of the public.

Q5
No.0152

Japan

New Normal

Financial analyst

Latvia overcame an economic crisis and should be used as a guide. Greece must quickly get rid of annual expenditure generated by the public sector. Cut the wages of public servants or downsize. This is not a sentimental opinion. What's important is speed, how quickly they can do this. If this is a serious programme about the economic situation, then it's fine to express lots and lots of opinions.

Q5
No.0151

Japan

kokohead

Medical technologist

Japan's national expenditure is not from taxes but from citizen's burden of national debt

Unlike other advanced nations, Japan's expenditure does not come from taxes and consumption. It's a particular country in that the public buys national bonds and then makes up for that (takes responsibility for that by paying them back).

Q5
No.0150

Japan

An idea

Unemployed

Japan's credits and debts, and international balance of payments are different so we cannot discuss them as if they are one and the same. In the midst of globalisation, the cost of life is higher than income in Japan. Compared to the private sector, the public servants' wages are fixed and the same. Also, the situation in which the public intend to save but are using their money through national bonds is the same as that of Greece, in that the public do not realise what they are doing. We need a review of expenditure, and the strength to earn internationally.

Q5
No.0149

Japan

EMINEM

Even if their country faces a default, it's important that the people look calmly at the situation and don't panic. Intruding on the banks even though this could be a mistake and creating a stir will only make things worse. They need to wait patiently for each country to provide help and make arrangements. The public must not be divided, which is what happened following the harmful rumours that surfaced over the Fukushima accident.

Q5
No.0148

Greece

Thomas Nektarios Papanastasiou

Lawyer

Expiration of the limitation period for viewing video

Q5
No.0147

Japan

Shi-san

They must think by all means about reducing the national debt of over 1 quadrillion yen. That's what they should do. It is no the time to argue whether the EU or Greece should be responsible. Aren't all the people in the nation lacking in the sense of impending crisis so much?

Q5
No.0146

Japan

Motonari

yu.mori3

It is important to reduce a budget deficit by thoroughly reviewing the government spending including the public works projects and social security system. On the other hand, it is unavoidable to raise the consumption tax and income tax in order to raise the tax revenues.

Q5
No.0145

Japan

Y.K

By abandoning the conventional ways of thinking that have postponed the tax increase and bearing in heart that nothing should advance by the superficial reform, they must think about the financial reconstruction seriously and should perform it.

Q5
No.0144

Japan

Kumajirou

It is not other people's affairs for Japan either. The government should make the public announcements that This situation may be inflicted to ourselves tomorrow and the aftermath will surely arrive at Japan while the problem is now a fire of the opposite bank to raise the awareness among the people.

Q5
No.0143

Japan

Ifuko

The consumption tax should be promptly raised to reduce the debts in the short term. It is not the time for any empty talk. The awareness of Japan being already lame-duck is weak.

Q5
No.0142

Germany

Albrecht Rothacher

First Counsellor (Political and Economic Section) at Delegation of the EU to Japan

Expiration of the limitation period for viewing video

Q5
No.0141

Japan

Eratonesutene

The reform of civil servant system. The security of liquidity for the disparity.

Q5
No.0140

Japan

Igakoku

The job security should be achieved.

Q5
No.0139

Japan

jiroron

Reduction of the public employees. Economic activation.

Q5
No.0138

Japan

Yurichin

People should make their effort towards the future goals from their younger age. The importance of making an effort should be taught as well. People who are doing their best, regardless of the results, have the power to live on their own. There are too many people who seek for support without putting their efforts.

Q5
No.0137

Japan

Itabashi nerima

Minimization of the annual expenditure. Thorough streamlining of the wasteful use of the budgets of the national and local governments. Awareness conversion on the standard of living.

Q5
No.0136

Japan

Anonimity

A plan must be made on the measures to circulate money domestically by prohibiting the temporary labors and carrying out a policy of equal pay for equal jobs. It should be compulsory for people 65 years old and more to go on the sightseeing trip for three times and more a year.

Q5
No.0135

Japan

Shinji

A policy to stop the population decline is required. If there is no flexibility in accepting the foreign workers, the population decline won't be curbed and the increase of the birth rate won't be expected. For the establishment of the technology-oriented nation, it is important that the government make the investments positively. It is necessary to offer more support to the small-to-mid-sized businesses with their original technologies.

Q5
No.0134

Japan

Kapi

Settlement of the debts... No corrective review has been made on the wasteful use of tax money that had been established by the long-term rule of the Liberal Democratic Party. Even if they have conducted the screening process, the tendency of pork-barreling the tax money, that is persistent among the bureaucratic organizations and local governments the hasn't completely disappeared yet. Whether it is a road repairing or a public works project, money isn't allocated where it is required but it is poured into other sections where it is useless. As the government has finally gotten out of the regime of the Liberal Democratic Party system, everything must be reviewed including the way of administrating the local autonomy, purpose of use of the tax revenues and ideal methods of the public works spending as well as planning on the expansion of domestic demand. Simple tax increase means that the revenue will only disappears like water sprinkled on the sand.

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