Japan “is heading for an economic and fiscal catastrophe, but Takaichi doesn’t seem to understand it,” Koichi Nakano, a professor of political science at Sophia University in Tokyo, observed last Thursday. He warned political spectrum was shifting to the right and predicted that Takaichi’s “bet” to “personalize politics” and “create a system for which she is barely accountable” would likely win. He was alarmed by Takaichi’s intention to cut consumption taxes while simultaneously increasing defense spending, which would in turn “antagonize China and militarize the tension.” What’s more, Tokyo has agreed with Trump to invest $550 billion in the United States. “It doesn’t make much sense in terms of security and economic policy,” said Nakano.

[–] misk@piefed.social 1 points 1 day ago* (last edited 1 day ago)

Trump is a moron so I’m not sure why you care about what he thinks. If your point was to use association fallacy then, well, it’s just a logical fallacy.

To me it appears that Japan is accelerating the end of negative interest rates which combined with US behaving irrationally means domestic investment is coming back to Japan. This conservative but expansionist monetary policy seems to be working very well in this scenario.

This looks similar to what conservatives did where I live and 10 years later I had to eat my hat and admit it they were right, despite economics professors saying we’d go bankrupt. Turns out academics aren’t free from bias and some simply represent certain interests.