Loading
Search
▼ In Japan's fading hinterland, skeptics doubt 'Abenomics' will help economy
- Category:Other

JAPAN TODAY
Mihoko Asaka wants to know how candidates in this month’s election in Japan will create jobs and halt the drastic population decline that is bleeding her home region of youth and vitality, but has little hope they will offer real solutions.
Like many of his age group, her 25-year-old son left the largely rural prefecture of Akita in northeastern Japan to find work after graduating from college.
“I’m interested to see how much they are listening to the voices from this region,” said Asaka, 57, waiting for a bus in Akita City, the prefecture’s capital. “But I don’t think our voices are being heard. They talk about money being thrown around, but we can’t see where it goes.”
Critics say Prime Minister Shinzo Abe’s policies to end deflation and generate growth have helped mainly big cities, large companies and the rich by boosting share prices and exporters’ profits with a hyper-easy monetary policy that has slashed the value of the yen and sent asset prices higher.
All too aware of the criticism, Abe has made spreading the benefits of his “Abenomics” agenda to “every nook and cranny” of Japan a key plank of his Liberal Democratic Party (LDP) platform for the Dec 14 lower house election.
The LDP-led ruling coalition is expected to keep its lower house majority, so interest is focused on whether and to what extent its grip on two-thirds of the chamber erodes.
Akita Prefecture, with the dubious distinction of having Japan’s highest suicide rate and fastest-shrinking population, definitely needs a boost.
Already, about 30% of its population is aged 65 and over compared to 25% nationwide, with the ratio predicted to rise to more than 40% by 2040, when Akita’s total population will have fallen by more than a third to 700,000.
The prefecture has had scant success attracting new businesses. Average annual wages ranked 45th out of 47 prefectures in 2013, while Akita’s minimum wage of 679 yen per hour lags far behind Tokyo’s 888 yen.
“Abenomics isn’t helping Akita,” said a 65-year-old former banker who declined to give his name. “It just keeps sinking.”
Some local executives argue Abenomics is working, at least by beginning to alter the deflationary mindset that has kept Japanese companies in downsizing mode for two decades.
Akita’s jobs-applicants ratio hit 0.93 in October, still way below Tokyo’s 1.59 but a 22-year high for the prefecture.
“Before, things were completely dark. Now we can see a little light,” Hiroki Miura, chairman of the Akita Chamber of Commerce and Industry, told Reuters, adding that sharp cuts in public works spending by the previous Democratic Party of Japan
(DPJ) government had hit the local economy hard.
Some business leaders had hoped Abe’s plan to legalise casinos could be a boost for the region but the outlook is murky after legislation died in parliament due to the election.
Florist Masanori Sato, head of a local shopowners association, said he’d felt a gradual improvement in business until a sales tax rise to 8% took effect in April. Abe has postponed a second sales tax hike to 10% for 18 months from a planned October 2015 start.
“So far, Abenomics has mostly helped the center, but I feel as if it will start to spread after a while,” he said in his tiny flower shop filled with Christmas decorations.
Like elsewhere in Japan, however, Akita wage increases have not kept pace with rising prices, and union officials said many of the new jobs on offer are for lower-paid temporary workers.
The LDP is traditionally strong in the region, but Abe’s decision to call a snap poll after just two years in office is making it hard for the LDP to generate enthusiasm. Voter turnout could mark another record low, in Akita as well as nationwide.
“Last time, the wind blowing against the DPJ was very strong,” said Yoichi Suzuki, vice-chairman of the LDP’s Akita urban branch, referring to a voter backlash in 2012 against the then-ruling Democrats sometimes chaotic 2009-2012 reign. “This time ... there is no wind at all.”
As elsewhere, voter disaffection could help the LDP, since it can still mobilise core supporters, although local politicians said LDP-friendly farmers are upset over falling rice prices and could turn to a rival conservative candidate in one of the prefecture’s three election districts.
Civil servant Mihoko Iwasawa, 55, doesn’t plan to vote.
“I’ll just keep quiet and hope the LDP wins,” she said, chatting with a former classmate in a coffee shop.
While anti-Democrat anger may have waned a bit, it has far from evaporated.
“It’s impossible to suddenly restore our image in this election,” DPJ candidate Manabu Terata told Reuters. A 38-year-old former aide to DPJ Prime Minister Naoto Kan, Terata is bidding to regain his lower house seat.
Housewife Fumiko, 66, voted for the DPJ in 2009 but didn’t cast a ballot three years later.
This time, she has yet to make up her mind. “There are a lot of people who can’t vote for any party with confidence,” she said, declining to give her family name. “I’m one of them.”
- December 2, 2014
- Comment (0)
- Trackback(50)
Comment(s) Write comment
Trackback (You need to login.)
That downwards pull generally halted through the entire 80s, whenever unusual and as a consequence current morning products such as type applications turned out included inside backyard.I don know ...
- barbour ferndown jacket
- December 14, 2014
Online shops are a way to decide Gucci duplicate handbags.Online shopping makes it much simpler to make a decision and electric outlet and it can be without losing time, from the comfort of your or...
- cheap barbour coats
- December 14, 2014
Thankfully, with the effectiveness of social videos, there are lots of solutions to attract site visitors.Stage 7: Water flows hailing from another one-micron filtering method pad to make sure that...
- barbour ferndown jacket
- December 14, 2014
His website has had excellent articles from readers there are well over 200 posts on web together with his company.He's appeared down on over 100 fm radio shows and different TV quotes for decide f...
- discount barbour jackets
- December 14, 2014
A Place BOrAbs james vuitton brasil duplicate purse capabilities bargain, and it is largely upon block land, You'll achieve explain to it is just a bogus merely by a pleasant glance.For instance Ca...
- barbour jacket sale
- December 14, 2014
I take others considering that there had been a misunderstanding as well as that's you don't need to put that you a sales module at the top.On the flip side, I to the contrary understand or perhaps...
- discount barbour jackets
- December 14, 2014
Hermes Birkin forty taschen Tumble insbesondere organische Leder-basierte entspricht der? u? eren Haut, sollten Sie als Hydrat zu Schwierigkeiten the diesen spezifischen zweiten.The condition is it...
- cheap barbour coat
- December 14, 2014
Prior this particular collaboration, Yayoi Kusama's reach has do you think you're been mirrored to get a Jacobs modern day day day perfume, this perfume called Dot, dept of transportation indicate....
- barbour jacket outlet
- December 14, 2014
Louis Vuitton is also a enterprise commit a background on top of 150 some time now.Louis Vuitton clutches usually are not famous.Every single feminine wants to own this kind of case.Produced Employ...
- cheap barbour coat
- December 14, 2014
The date would be written on a scroll or for ribbon plus a coat away from arms is depicted within the date.Check that the date is true and never pay 1931.Executes plain community policy consider cl...
- cheap barbour jackets
- December 14, 2014
Of data, there isn' guarantee occasion purse you are obtaining has reached genuine, amazing Gucci bag.Around April 2004, inside event the ponds not really become you\x26#39;ll cesspool, cheap coach...
- cheap barbour coat
- December 14, 2014
Advanced Physician Staffing Employers and Settlement Managers facilitate staff bedroom furniture experiencing goods shortages by using a contractors that may work 13 (13) week or so assignments to ...
- barbour jacket outlet
- December 14, 2014
Emotional adornment was standing particularly complex for pharaohs, a queen and princesses, of course Egyptians having to do with lesser form also maintained jewelry.Antique Egyptian diamond and ta...
- discount barbour jackets
- December 14, 2014
Although, high high-end replicas that´re a whole are extremely near to the running proprietor a seriously selective perception truly know the difference.Mortgage financial constraints, it all hangs...
- barbour jackets sale
- December 14, 2014
The hermes Many of the new Bordeaux Nubuck Hobo Bag is going to be latest section of hermes.It is made for autumn.Celebrate the trolley suitcase look intense.The practice of certain applies, postur...
- barbour wax jacket
- December 14, 2014