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Fri Feb 22, 2013, 10:35 AM

Analysis - Japan's mission impossible: to spend $100 billion in 15 months

(Reuters) - What do you buy the nation that already seems to have everything?

That is the question facing Japanese Prime Minister Shinzo Abe as he aims to spend more than $100 billion (65.5 billion pounds) on infrastructure in the next 15 months to help revive his country's economy. But with its gleaming bullet trains, jungles of elevated highways and strings of man-made islands, ultra-modern Japan doesn't appear to want for much.

"We cannot simply continue to build roads and infrastructure the way we used to at a time when the population is ageing and shrinking," says Takayoshi Igarashi, a public policy professor at Japan's Hosei University who has advised the previous Democrat administration on rebuilding from the 2011 earthquake, tsunami and Fukushima nuclear accident.

Infrastructure spending tops Abe's economic agenda alongside nudging the central bank into more aggressive steps to end deflation. Since he took power in December, Abe has earmarked 10 trillion yen (70.1 billion pounds) for new infrastructure and upgrades over the next 15 months - half of it funded by government debt.

http://uk.reuters.com/article/2013/02/21/uk-japan-construction-idUKBRE91K1BK20130221

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Reply Analysis - Japan's mission impossible: to spend $100 billion in 15 months (Original post)
dipsydoodle Feb 2013 OP
NYC_SKP Feb 2013 #1
kristopher Feb 2013 #2
GliderGuider Feb 2013 #3

Response to dipsydoodle (Original post)

Fri Feb 22, 2013, 10:37 AM

1. Spend it on a 100% Renewable Energy Grid and toss the nukes.

At least get as close to 100% as you can, Japan.

The innovations you make moving in that direction can then be licensed to other nations.

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Response to NYC_SKP (Reply #1)

Fri Feb 22, 2013, 12:59 PM

2. Yep - wind and geothermal.

They have plenty of both.

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Response to dipsydoodle (Original post)

Fri Feb 22, 2013, 01:08 PM

3. Why not just ... not spend it?

I understand why the growth imperative has all of humanity in its jaws, but isn't it time we thought about saying ... "Enough, already."

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