フェイクな経済統計
国家はある日突然崩壊するのではない。車のフロントグラスが破砕、ドアが壊れて剥がれ落ち、タイヤがパンク、エンジンの気筒が一つ残して死に、それでもプスンプスンと速度を落としながら慣性で走り続けて最後にガタリと止まる。運転手は外れたハンドルだけ握ってぼう然、のあれである。
日本の公式経済統計の4割がフェイクって、凄まじい事態だがこの2年の嘘まみれ続きで茹でガエルな本土である。というよりも、ここにきて「永遠の嘘をついてくれ」は極北にたどり着きつつある趣である。
Japan Data Scandal: Tokyo Admits 40% Of Its Economic Data Is "Fake News"
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.
This is a major problem for Kuroda and the Bank of Japan which uses statistics from the labor ministry to compile two key pieces of economic data, in making its ongoing decisions whether to continue, taper or expand QE.
https://www.zerohedge.com/news/2019-01-27/japan-data-scandal-tokyo-admits-40-its-economic-data-fake-news
