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With rising consumer prices and the effect of April's

Beitragvon meichangsu520 » 11.06.2018, 09:14

JERUSALEM, May 3 (Xinhua) -- Three Israeli soldiers were injured and a Palestinian attacker was killed in a car-ramming attack in the West Bank on Tuesday, the Israeli military said.


One soldier was seriously injured and the other two were moderately injured after a car drove to them near Dolev, a Jewish settlement north of Jerusalem in the West Bank.


Soldiers at the scene shot and killed the attacker, the Israel Defense Forces spokesman said in a statement.


The attack comes amid a wave of violence which started in October and has claimed the lives of 28 Israelis, killed in car-ramming, shooting and stabbing attacks by Palestinians.


Nearly 200 Palestinians were killed during this period, some in clashes with Israeli security forces during protests, while others were gunned down by security forces after committing attacks.


A 60-year-old Israeli man was moderately injured in a stabbing attack in Jerusalem on Monday evening. A Palestinian suspect was arrested overnight by the Israeli police.


Israeli leaders blame the Palestinian National Authority for inciting violence amid the wave of unrest, whereas the Palestinians say it is the result of 49 years of Israeli occupation of the West Bank, east Jerusalem and Gaza Strip territories, where they wish to establish a Palestinian state.


by Xinhua Writer Liu Tian Leander Dendoncker Wereldkampioenschap Shirt , Jon Day


BEIJING, Dec. 14 (Xinhua) -- Sunday's general election in Japan is widely seen as a referendum for Prime Minister Shinzo Abe's economic policies dubbed "Abenomics," and Abe himself is also seeking a new mandate for the economic policy package through the poll.


The prime minister ambitiously launched the "three arrows" of his economic policy mix last year -- aggressive monetary easing, fiscal stimulus and growth strategy -- to beat prolonged deflation and revitalize the economy.


However, these measures have Thomas Vermaelen Wereldkampioenschap Shirt , to varying degrees, failed to hit their targets.


GDP statistics, in which our real GDP has dropped, compared to the previous quarter," he told Xinhua in an interview.


The professor said Abe's aggressive monetary easing Jordan Lukaku Wereldkampioenschap Shirt , as the main goal to jump-start the market, "has no effect on the economy and it just invited the cheapening of the yen and increased consumer prices," which forced consumers to reduce their real expenditures.


The shrinking consumption "will suppress the real economic growth rate," he added.


With rising consumer prices and the effect of April's sales tax hike, private consumption Thibaut Courtois Wereldkampioenschap Shirt , accounting for about 60 percent of Japan's economy, is weaker than the market expected.


Economy Minister Akira Amari admitted last month that stagnant private consumption was a major factor contributing to the sluggish economic growth in the third quarter.


While at a press gathering Tuesday, Paul Sheard, chief global economist at the U.S. rating agency Standard & Poor's, urged Japan to pursue the goal of defeating prolonged deflation to restore its precarious fiscal health.


"The first step toward (Japan's) fiscal consolidation has to be ending deflation Aangepaste Wereldkampioenschap Shirt ," Sheard said, adding "mild inflation is a much better situation for achieving fiscal consolidation than mild deflation."


For his part, Noguchi explained that Abe's steps to achieve inflation have only resulted in falling consumption and the trend runs contrary to what the government is pursuing.


He added that the 2-percent inflation goal is difficult to achieve as the current price of crude oil, another important factor affecting consumer prices besides the exchange rate, is declining and will impact the consumer price index.


DOUBLE-EDGE ROLE OF WEAKER YEN


Noguchi pointed out that the Bank of Japan (BOJ) has no way to exit from its massive monetary easing policy Adnan Januzaj Belgie Shirt , referring to the surprising increase of the central bank's asset purchasing program in October, since the central bank has already purchased a huge amount of government bonds.


"If it stops this easing process, the market interest rate will rise, which means their (government bonds) value will go down. It will be a huge loss for the BOJ," he said.


He explained that "the cheaper yen has increased the profit outlooks of exporting companies Christian Kabasele Belgie Shirt , and therefore has increased their stock price. So this is good news for the wealthy people and institutions who hold shares in those companies."


But the result of this is changing the social dynamic, in which as many as rich people will become richer while the income of the working class will drop, he added.


"For ordinary Japanese people, the most serious problem is that now the holding of yen assets has become a very risky undertaking. It's a tragedy for Japanese people that holding their own currency as an asset has become a risk," he added.


Government data showed that inflation-adjusted wages for workers in Japan dropped 2.8 percent in October Laurent Ciman Belgie Shirt , marking the 16th consecutive month of decline.


Although nominal wages have increased for eight months in a row, the growth was outpaced by inflation triggered by the sales tax hike and the devaluation of the yen by the BOJ.


ADDRESSING STRUCTURAL WOE IN DIFFICULTY


Noguchi criticized that the fiscal stimulus, the second arrow of "Abenomics," only had a temporary effect in 2013.


He said the third arrow, aimed at structural reform but "with no content at all Nacer Chadli Belgie Shirt ," was "the most serious problem of 'Abenomics.'


He concluded that "Abenomics" has been "a failure since the most recent quarter's GDP is about the same as when Abe's government came to power."


"There was a temporary increase, but everything has returned to the beginning," said the economist, who maintains a pessimistic attitude toward the future performance of the Japanese economy.


Sheard, a renowned Japanese economy watcher Laurent Depoitre Belgie Shirt , also believes that Japan should make more concerted efforts to cut public expenditure and reform its tax system to rebui. Wholesale Jerseys From China Wholesale Jerseys Cheap Wholesale Cheap Jerseys Wholesale Jerseys China Cheap Wholesale NBA Jerseys From China Wholesale College Basketball Jerseys Cheap NBA Jerseys Free Shipping Cheap College Hockey Jerseys Cheap Jerseys From China Cheap MLB Jerseys
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