New Media 'NoBorder', Which Tackles Taboos of Terrestrial Broadcasting, Releases Latest Episode #40

NoBorder, Inc. (Headquarters: Minato-ku, Tokyo; CEO: Yuji Mizoguchi), the company behind the terrestrial-taboo-defying new media platform 'NoBorder', is pleased to announce the release of '#40: The Truth Behind the Economic Policies That Broke Japan—Why Wages Aren't Rising and How "Responsible Proactive Fiscal Policy" Could Change Japan's Future', available today at 9:00 PM.

Since its inception, NoBorder has approached the structural challenges facing Japanese society by exploring the 'contours of truth' through multifaceted themes including politics, economics, and national security. In this 40th episode, we examine the potential and risks of 'Responsible Proactive Fiscal Policy,' which is gaining attention as a strategy to break Japan's economic stagnation.

With wages remaining stagnant for a long period while prices continue to rise, how much can this proposed 'Responsible Proactive Fiscal Policy' actually improve the lives of citizens? Featuring guest MC Heizo Takenaka and other experts involved in the front lines of the Japanese economy, the episode features a thorough debate on whether this policy will truly enrich the public or simply end up as another round of 'handouts' that repeats past failures.

#40: 'The Truth Behind the Economic Policies That Broke Japan—Why Wages Aren't Rising and How "Responsible Proactive Fiscal Policy" Could Change Japan's Future'

https://youtu.be/Rb_nBGPijFo

Highlights of the Latest Episode

◾️ Why ask about 'Responsible Proactive Fiscal Policy' now? While anxiety spreads due to rising prices and stagnant wages, Prime Minister Takaichi has declared that she will 'reclaim the lost 30 years through growth investment.' Clarifying the odds of success and the pitfalls feared by the market for Japan to return to a growth trajectory is an unavoidable discussion for every citizen living in this country today. NoBorder #40 centers its discussion on policy targets such as 1.5% real economic growth and a 2% increase in disposable income, while using the concrete goal of a 20,000 yen monthly increase in take-home pay as a benchmark.

Key Issues Raised in the Program

The discussion focused on whether proactive fiscal policy can help Japan regain economic growth or if it will create new risks.

● Will fiscal expansion lead to real wage increases and improved living standards?

● How will the progression of the weak yen and inflation affect the lives of citizens?

● Is sustainable growth possible without labor market reform and the strengthening of supply capacity?

● How should fiscal discipline be maintained (shifting from single-year to multi-year perspectives)?

While the potential for responsible proactive fiscal policy to contribute to growth was noted, concerns regarding the weak yen, inflation, and fiscal deterioration were also raised. The participants also debated the conditions under which this policy might function, as well as its underlying premises and limitations.