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Ｆinances greet a real breakdown aspect of
affairs, three special change called interest
rate quantity, a weak yen, and the decrease of
demand will take place.
The debt of a country swells rapidly, and if anticipation
that refund (payment) of a national bond becomes difficult
spreads in a market, as for a national bond price,
the interest rates of preremoval and a national bond will go up.
If the distrust to finances of Japan increases, a domestic
fund flees to overseas and the capital from overseas can
pull up, an exchange rate will go to a weak yen. Moreover,
if a financial crisis aggravates, many people will
expect that a tax increase will be carried out in
the future, and will tighten the string of a wallet.
present company makes if it is cost reduction,
if it is personnel-expenses reduction,
which moves a factory to overseas,
and various efforts, and is gaining profits.
However, if these things are done, money
will not turn to the side employed. since money
does not turn to the side employed, people
by whom the large majority is employed
will buy goods using money –it is ... the said motion
which will be melted cannot be taken.
(In some companies, the base UP of an employee's wages
is carried out, or it is being begun to increase new employment)
Since there is no money, there is no how to buy
it. For this reason, although selling to overseas the goods of jab
which cannot be sold at Japan is only lost, this [ competition's ] is intense again.
The present trade surplus is about 10 trillion yen.
Since this is the profit acquired by selling a thing
to the country of the other place, if this is allotted
to reinvestment as it is, it will be able to add the money earned by
the trade surplus to GDP.
If the interest of a national bond is smaller than
the rise of nominal GDP at that, it will be said
that the situation of the default on an obligation
of a national bond is avoided. there is a definition
of the economics currently called the theorem of the dormer
completely -- magic -- like .
Although consideration of a rise of prices etc. applies
mono service and its amount of money simply, without carrying out,
if this [ a rise's ] is larger than the interest of a national bond,
fiscal bankruptcy of it will not be carried out to nominal GDP.
Here, all that matters is that a trade surplus is referred
to as till when to be continued, and that interest rates
are referred to as whether to be forever stopped with zero
interest rates. Although these two conditions
are met miraculously now, this will not necessarily be secured forever from now on.
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