/l/ - The Lounge

Off-topic discussion

[Make a Post]
[X]





Japan Data Scandal: Tokyo Admits 40% Of Its Economic Data Is "Fa Nanonymous No.11105 [D][S][L][A][C]

http://archivecaslytosk.onion/FoZwQ

When it comes to the biggest monetary experiment in modern history, namely Japan's QE which has seen the BOJ buy enough Japanese bonds to match the GDP of Japan, there is nothing more important than the BOJ having accurate metrics to determine if its "inflation targeting" is working, i.e., if wages and broader inflation are rising. Alas, the recent news that Japan's labor ministry published erroneous statistics for years, has raised doubt about not only the accuracy of economic analysis released by the Bank of Japan, but prompted investors to doubt absolutely every economic report published by Tokyo.

For those who are unfamiliar with the latest economic fake news scandal, on Wednesday Japan's labor ministry revised its monthly labor survey for the period between 2012 and 2018 admitting it had overstated nominal year-on-year wage increases by as much as 0.7 percentage point between January and November of last year, to take just one example.

Unfortunately, there are many other examples, and according to an Internal Affairs Ministry report released late Thursday, nearly half of Japan’s key economic government statistics need to be reviewed with 22 discrete statistics, or roughly 40% of the 56 key government economic releases, turning out to be "fake news" and in need to be corrected.

I'm not surprised. Everything about this country is fake.

Nanonymous No.11110 [D][U][F] >>11111
File: 3a8f9f53cdc18b9287a70ebc1d6ba31305f5c3d3de25dc49d9b301958ec8bb2a.png (dl) (83.59 KiB)

>slightly fake information about a massive jewish sham economic system pushed by the jewnited states of weimerica
wow i could never have seen that coming
you burgercucks only have yourselves to blame for this
and yet japan is still more homogenous than weimerica.
who wins here eh? nukes can't save ya now can they burgercucks?

Nanonymous No.11111 [D]

>>11110
>bringing ethnicity where it doesn't matter
Even if I play your game, "56%" of Whites is still more than 1,5 of non-subhumans.

Nanonymous No.11112 [D]

1,5%

Nanonymous No.11115 [D]

nice pents

Nanonymous No.11116 [D] >>11128

All modern economies are fake. Banks lend money they don't have on the basis of deposits they can't back up, in a pinch. People receive paychecks through "direct deposit", which is another way of saying "fake money", and it's easier than ever to have your rent, utilities, etc. taken out of your account by "electronic draft". Money comes in, and money goes out, but it's not actually backed up by anything but people's belief that it means something.

The entire modern economic system is the biggest faith-based scam in history. Bigger than Scientology, or the 700 Club. It's all speculation, gambling, and faith that the money system means something.

Nanonymous No.11120 [D][U][F]
File: d12f4eeac688900d913266db9db8300e28d72f3826711b1649d9c97b4448dfbd.jpg (dl) (50.90 KiB)

greece faked everything when they were entering eu and eu knew

Nanonymous No.11128 [D]

>>11116
>Banks lend money they don't have on the basis of deposits they can't back up, in a pinch.

Banks hold only 10% of the actual cash and lend the rest which then gets loaned again to possibly another bank.There is 8-9x more fake money in the bank system than it exists.