Monetary policy and foreign exchange intervention To garble Bank of Korea Bullshit report
https://shinjukuacc.com/20181228-03/
BOK "Stabilization of employment through avenomics currency policy,
impossible in Korea"
(From japanese.joins koreajoongangdaily 15:32 on December 27, 2018)
The Bank of Korea warned that in Korea it is impossible
to stabilize employment policies through monetary policy such as "Avenomics"
in Japan, in a report published on the 27th.
In order to stabilize employment it was suggested that it is necessary
to consider aggressive fiscal policy like Europe like currency policy.
In the same report, "Avenomics" said,
"While profitability of exporting companies improved by inducing weaker yen
at the same time as interest rates declined,
they had an effect of expanding employment",
while "deteriorating income inequality and labor market Adverse effects
of double structure expansion occurred "
BOK analyzed that it is impossible to apply the same method as Japan to Korea
BOK analyzed that it is impossible to apply the same method as Japan to Korea
BOK researcher said,
"If you leave the external sector through foreign exchange rate adjustment
under conditions of high external dependence,
you will be vulnerable to external shocks,
and employment instability may rather get worse."
Monetary easing is not for
Monetary easing is not for
"inducement of yen weakness"!.
The purpose of quantitative qualitative relaxation (QQE) adopted
by the BOJ is in "deflation Break away", not "inducement of yen weakness".
The exchange rate after the QQE was invoked in April 2013 has been
The exchange rate after the QQE was invoked in April 2013 has been
at 1 dollar = 100 to 125 yen,
but it is not that the yen weakens proportionally
with monetary relaxation separately
It has never been said that Prime Minister Aso and the Bank of Japan presented
"desirable exchange rate levels" over the past six years.
"The profitability of exporting companies improved while employment declines
while inducing yen depreciation and employment expanded"
It can be said that the report of the Bank of Korea is misleading facts.
It can be said that the report of the Bank of Korea is misleading facts.
According to the statistics of the Ministry of Internal Affairs and
Communications, Japan's GDP has nominal value
of 489 trillion 127 billion yen( about US$ 4 trillion470.8 billion 9.23 million )
in 2012, which is about 11%,
to 542 trillion 79.2 billion yen(About US$ 4 trillion 961.3 billion 990.1 million)
(However, The cumulative value of 10.3%).
And by looking at the GDP contribution analysis,
in the 5 years from 2013 to 2017
The cumulative value of the contribution of trade is 5.1% for
The cumulative value of the contribution of trade is 5.1% for
and minus 2.5% for imports,
It is only 2.6% on a net basis.
It is only 2.6% on a net basis.
This is because trade contributed only a quarter of the total GDP (10.3%).
Ignoring the numerical value in the economic statistics of the central bank
To think about economic growth, I think that it is quite a stupd idea.
To think about economic growth, I think that it is quite a stupd idea.
Depression prescription is monetary policy or,
Fiscal policy?.
When one country economy is exhaustion it is effective,
Fiscal policy (ie, tax relief and public works) and monetary policy
(Ie, rate cut or quantitative easing)?
The answer depends on whether the country is "open economy"
When one country economy is exhaustion it is effective,
Fiscal policy (ie, tax relief and public works) and monetary policy
(Ie, rate cut or quantitative easing)?
The answer depends on whether the country is "open economy"
or "closed economy".
In the case of a closed economy, interest rates rise if put a fiscal policy on it,
Apart from domestic interest rates rising, capital does not flow from overseas.
However, in the case of an open economy, if the interest rate rises,
Apart from domestic interest rates rising, capital does not flow from overseas.
However, in the case of an open economy, if the interest rate rises,
the exchange rate will be the domestic currency appreciation,
As the competitiveness of export is lost,
As the competitiveness of export is lost,
the effect of fiscal stimulus will eventually be countered.
Immediately after the Lehman shock in 2008, Prime Minister Taro Aso led
The Japanese government actively issued fiscal stimulus,
Because the BOJ did not cooperate in monetary easing,
It is a new point to remember that the fiscal policy finished
The Japanese government actively issued fiscal stimulus,
Because the BOJ did not cooperate in monetary easing,
It is a new point to remember that the fiscal policy finished
without showing its effect in the long run.
There is no doubt that monetary policy should be done in sets
in the open economy.
In the case of South Korea, exports account for 40% of GDP,
In taking macroeconomic policy,
In the case of South Korea, exports account for 40% of GDP,
In taking macroeconomic policy,
Can not ignore extreme external dependence situation.
When taking the "policy focused on fiscal policy"
When taking the "policy focused on fiscal policy"
that the report of the Bank of Korea says,
Just the economy becomes Tattered due to won hight,
Export competitiveness plummets sharply.
Just the economy becomes Tattered due to won hight,
Export competitiveness plummets sharply.
Central bank ignoring Phillips curve.
Another monetary policy has an important meaning to the economic society.
Relationship between employment and inflation
Examining the relationship between unemployment rate
Relationship between employment and inflation
Examining the relationship between unemployment rate
and inflation rate in various countries around the world,
It is known that there is a close correlation between the two.
This is "Phillips curve".
It is known that there is a close correlation between the two.
This is "Phillips curve".
Simply put, the higher the inflation rate, the lower the unemployment rate
(That is, employment increases).
Conversely, if the inflation rate falls (ie it becomes deflation)
It also means that the unemployment rate will rise
(That is, employment increases).
Conversely, if the inflation rate falls (ie it becomes deflation)
It also means that the unemployment rate will rise
(that is, employment will be lost).
If you argue that prices will rise in the world (that is inflation)
If management expects,
"Since future wage levels will rise,
If management expects,
"Since future wage levels will rise,
we will try to secure excellent workers right now"
We will increase employment.
However, as prices go down in the world (ie deflation will occur)
If management expects,
"People will start too much if you leave them,
If management expects,
"People will start too much if you leave them,
so even if you do not hire employees now,
Since more personnel expenses cheaper future
It will be better to hire a person ", and so on.
The important thing here is that there is an inverse correlation
Since more personnel expenses cheaper future
It will be better to hire a person ", and so on.
The important thing here is that there is an inverse correlation
between inflation rate and unemployment rate.
Korea, led by President Moon Jae-in,
completely ignored the facts of the economy,
Make a policy to raise the minimum wage only.
However, as ignoring conditions such as inflation expectations,
Make a policy to raise the minimum wage only.
However, as ignoring conditions such as inflation expectations,
after all, as a manager
"We will restrain employment in order to reduce total personnel expenses".
In other words, government and central bank are , who do not know Brilliantly
"We will restrain employment in order to reduce total personnel expenses".
In other words, government and central bank are , who do not know Brilliantly
" A" ABC in economics.
Foreign exchange operation Sorrows
of the country.
In the case of South Korea,
I feel that it is not good at "highly transparent, rules based governance".
It is no exception at the central bank.
It is no exception at the central bank.
Trends in recent financial regulation,
"The exchange rate is left to the market mechanism"
The role as a central bank and regulatory authority,
"Monitoring the Market Mechanism to Function"
"The exchange rate is left to the market mechanism"
The role as a central bank and regulatory authority,
"Monitoring the Market Mechanism to Function"
The Bank of Korea is directly engaging in foreign exchange intervention,
Also pointed out in the
Also pointed out in the
"Foreign Exchange Monitoring Report" from the US Treasury Department.
The Bank of Korea has destroyed
The Bank of Korea has destroyed
the market mechanism through exchange manipulation.
Even in the world of financial regulation, China and South Korea,
"As long as we do not adopt the peg system,
"As long as we do not adopt the peg system,
exchange rates depend on the market principle"
It is known for ignoring the that rule,
A report released by the central bank of this lawless state,
It means that it has a lot of holes.
It is known for ignoring the that rule,
A report released by the central bank of this lawless state,
It means that it has a lot of holes.
Either way, while watching Korean media,
Sometimes it this way Misguided article comes out,
That is to point it out with it
I think that it is a correct response.
Sometimes it this way Misguided article comes out,
That is to point it out with it
I think that it is a correct response.
BTS members famous for atomic bomb T-shirts are crazy inside the bus Videos leaked! https://twitter.com/i/status/1062852872176451584Overseas fans seem to be exactly the same
http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
A song called BTS "run". Members are suffering in waters in the water.
MV release date, March 11, It is the day of the Great East Japan Earthquake.
I can not forgive as a Japanese citizen.
BTS wearing a comfort Woman wear
Dokdo is also doing anti-Japanese act of singing our territory.
Dokdo is also doing anti-Japanese act of singing our territory.
The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,
power off of server,
Koria have a proven track record.
Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
English articles futukiiti hoyoujiyo
DiffusionHopeGermanNGOSupportLaosAdoptVillage
DiffusionHopehttps://laos.oxfam.org/
