Abenomics is failing and appears to be failing at an accelerating pace. Japan is the world’s 3rd largest economy after the US and China.
In the face of failure the politicians are getting testy. They don’t like that the media is calling them out and highlighting the ongoing difficulty. (That’s a kind word.) I suppose the dismissed broadcasters can be thankful however that they aren’t in China where they wouldn’t have been sent home but to the dungeon. There’s always a bright side in these things.
(From Liberty Blitzkrieg)
Their imminent departure from evening news programmes is not just a loss to their profession; critics say they were forced out as part of a crackdown on media dissent by an increasingly intolerant prime minister, Shinzo Abe, and his supporters.
Only last week, the internal affairs minister, Sanae Takaichi, sent a clear message to media organizations. Broadcasters that repeatedly failed to show “fairness” in their political coverage, despite official warnings, could be taken off the air, she told MPs…
…A record 62 percent of Japanese households described their livelihoods as “hard” last year in a survey on incomes. A sales-tax increase in 2014 helped drive up living costs faster than wage gains. At the same time, the Bank of Japan’s quantitative easing drove down the currency, boosting the cost of imported energy.