Speedy NEWS

After-Corona Thinking : Distribution is not a virtuous circle of growth.

The prime minister keeps saying “virtuous circle of distribution and growth” like a broken radio.
Every time I hear this, it reminds me of Mr. Kimura’s “Politics and Economics” class in high school.
Despite such a long period of deflation, with no salary increases and sluggish consumption, either stagflation (a simultaneous rise in prices as the economy recedes) or stagflation has not occurred. It is as if Japan is the only country left behind in the world, a monstrous phenomenon stuck in the 20th century. In the past, rich Chinese would stop by to shop there, but that is no longer the case. The cycle has completely stopped.
Therefore, the 100,000 yen benefit will not improve any of Japan’s problems. Even a high school student can understand that.
If the money is distributed, the result will be the same as before, just that people will go to savings due to uncertainty about the future. People, who have an unusually high propensity to save, do not spend in a flash. Therefore, a virtuous circle will not occur. Why don’t you understand this?
When the economy is in recession, going to cover a car parts factory in Ota Ward is also arbitrary reporting, a kind of fake news produced by discovery.
You need to look at the global trends. The global cycle is moving rapidly around digitalization and EVs through decarbonization. And what is the Digital Agency doing about it? The distribution (funded by taxes…) If you want to distribute the money, why don’t you just transfer it to a bank account linked to your My Number Card, which has become a digital tool?
You leave the weak behind! You may say, “But if society doesn’t DX, there is no future for all of us, so let’s help each other and teach those who are not digitally savvy. Policy goals should be set where they should be aimed. Even companies with low goals are doomed to go under.
Only by creating a DX society can a virtuous cycle of economy be created. Making bureaucrats, local governments, and some vendors work overtime until the end of the year to print coupons is a waste of paper, labor, and time.
It makes me wonder if there will be a next year in Japanese society, which is still stuck in the 20th century.
PS: At the Jesper Just exhibition, Perrotin gallery