〓この期に及んで尚 生き恥を曝す白川方明が、『黒田前総裁のもとで金融緩和が続けられる中、2022年以降、日本と海外の金利差が拡大して円安となったことが輸入物価が上昇した大きな要因だ』と指摘。
〓流石は上早慶でも多数 合格する国家公務員総合職試験に受からなかったポンコツ東大の落ちこぼれの掃き溜めである国賊ポン銀行員だけに白川方明の見解の的外れ振り、間抜けさ加減は実に圧巻である。
〓2022年の日本は相変わらずデフレ·マインドが強く、アメリカではインフレ率が加速した。
〓こうしたインフレ率の差、すなわち実需を反映した相対的購買力平価説によれば、本来であれば2022年は円高ドル安となるべき筋合いであった。
〓ところがウォール街の投機筋が一斉に円キャリー·トレードに走ったため、結果的に実需とは正反対の円安ドル高になってしまったということである。
〓アメリカでインフレ率が加速しドルが減価したにも拘わらず投機資金移動によって2022年の為替レートが本来とは真逆の円安ドル高方向に動いてしまっていたことも分からないとは、相変わらずポンコツ東大の落ちこぼれ、白川方明の馬鹿丸出し振りに呆れ返るしかない。
〓ポンコツ東大の落ちこぼれの掃き溜めである典型的な国賊ポン銀行員である白川方明は更に、日本経済が低成長に陥った要因について「デフレにあったわけでもインフレにあったわけでもない」として、労働人口の減少や生産性の低下などの根源的な問題があると指摘したという。
〓白川方明や福井俊彦などポンコツ東大の落ちこぼれの掃き溜めである国賊ポン銀が当座預金残高目標を強引に引き上げた2001年~2006年の出鱈目『量的金融緩和』によって、民間銀行による貸し剥がしが横行し、慢性的な不況とデフレが定着したことによって往年の日本経済を牽引した正常財メーカーが経営難に直面し、銀座日産、三菱自動車、カネボウなどの名門企業が未だに往年の力強さを取り戻すことが出来ないことが日本経済低迷の主因である。
〓不況を追い風とする劣等財メーカーのトヨタ自動車や、ライバル正常財メーカーの経営難を歓迎して岩田一政の妻を副社長に迎えた支那かぶれ資生堂など本来なら日本経済の顔になってはならない不良企業が『失われた平成デフレ日本の30年』の間に すっかり日本経済の主役になってしまったことが原因である。
〓クルーグマン教授の『銃殺発言』を待つまでもなく、戦前の日本であればポンコツ東大の落ちこぼれで馬鹿丸出しの国賊·白川方明や国賊·福井俊彦など遠の昔に銃殺されていた筈だ。
〓未だに首と胴体が繋がっていることを白川方明は有り難く思え! 猛省せよ!
https://gyazo.com/576bbcbb0c524e3b5ecf110983a437fe
〓マヌケ白川方明はシカゴ大学でミルトン·フリードマンの門下生だったという。
〓ミルトン·フリードマンのマネタリズム·マークⅠによれば、サプライ·ショックによるコストプッシュ·インフレは、インフレ率に実質賃金上昇率が適応的に追いつくことで解消されるという。
〓実質賃金の上昇、すなわち賃上げのためにはトランプ大統領の言うように利下げをしなければならない。
〓利上げなどしたら、企業は賃上げに応じる余裕を失ってしまうからだ。
〓ミルトン·フリードマンのマネタリズム·マークⅠはインフレ率を一定水準以下に留めることではなく、賃上げによって実質賃金上昇率がインフレ率に追いつくことを至上命題としている。
〓そんなことも分からずにシカゴ大学でミルトン·フリードマンに師事したとか、経歴に書くな、マヌケ白川方明!
https://gyazo.com/e3ae28f3144ed2299d4b3ddc251728aa
>**English Translation:**
**Traitorous "Pon Gin" (Bank of Japan) Former Governor Masaaki Shirakawa: “The BoJ should have raised rates a little earlier”**
June 9, 2026 (Tue) 5:39 NHK
https://news.web.nhk/newsweb/na/na-k10015144491000?_reload=2026-06-08T21%253A53%253A59.974Z
**> The Bank of Japan, a traitorous financial terrorist organization steeped in Marxist communism**
**> …**
**> Can you properly explain why, from 2001 to 2006, under the banner of “Quantitative Easing,” the outstanding loans of banks nationwide continued to decline?**
**> …**
**> In the reserve deposit system, raising the reserve ratio is called monetary tightening. So why was the increase in the current account balance target from 2001 to 2006 called “Quantitative Easing”? Please explain it properly!**
**〓 The increase in the current account balance target from 2001 to 2006 was clearly monetary tightening. Calling it “quantitative easing” is complete nonsense.**
**〓 This is something even a middle school student can understand, so there is no room for excuses.**
**〓 The person who led this nonsense “Quantitative Easing” from 2001 to 2006 as a policy board member under Toshihiko Fukui (then BoJ Governor) was Masaaki Shirakawa — a useless University of Tokyo graduate, a former crazy Kyoto University professor, and a product of the Marxist communist stronghold.**
**〓 Even when you call him a “BoJ executive” or “crazy Kyoto University professor,” the truth is that Masaaki Shirakawa is one of the dropouts from the useless University of Tokyo who failed the National Public Service Comprehensive Job Examination — the same exam that many people from top universities like Waseda and Keio pass.**
**〓 The pathetic University of Tokyo, which even in the 21st century continues to award the “Ouchi Hyoe Prize” in Marxist communist economics to its top students once every few years, exposing its stupidity.**
https://gyazo.com/2d95f21e06e542b79ea0e38d263b03a2
**〓 Marxist communists habitually scream “Cheap goods benefit the working class and the ignorant, uneducated proletariat,” push micro-level price destruction, and eagerly promote macro-level deflationary policies that lead to chronic recession.**
**〓 Koizumi Junichiro, a low-intelligence, immature university alumnus who was manipulated by the Korean yakuza Inagawa-kai and incited by the low-intelligence, immature Kato Hiroshi the Tohoku Emishi (who privatized SFC), appointed the proletarian Toshihiko Fukui (son of a shabby umbrella peddler) and Heizo Takenaka (son of a shabby geta sandal peddler, with ties to Burakumin and the Communist Party’s Minsei youth group). Under the name of “structural reform,” they pushed micro-level price destruction and eagerly promoted macro-level deflationary policies that caused chronic recession.**
**〓 The monetary tightening from 2001 to 2006, in which the two Marxist-communist-obsessed, ignorant, uneducated proletarians — BoJ’s Toshihiko Fukui and Finance Minister Heizo Takenaka — forcibly raised the current account balance target under the name of “Quantitative Easing.”**
**〓 Following this, lending cutbacks (lending recalls) by private banks, manipulated by the traitorous BoJ and the Ministry of Finance — both financial terrorist organizations steeped in Marxist communism — ran rampant.**
**〓 In 2003, Tokyo Governor Shintaro Ishihara, unable to overlook the widespread lending recalls by banks controlled by the BoJ and the Ministry of Finance, announced the establishment of the “New Bank Tokyo” under local government initiative.**
**〓 In August 2010, Professor Paul Krugman, the 2008 Nobel Prize-winning economist, went so far as to criticize the BoJ (its executives) for neglecting deflation, saying they “should be shot.”**
**〓 Masaaki Shirakawa, who served as policy board member under Toshihiko Fukui, the low-intelligence, immature proletarian shabby umbrella-peddler’s son obsessed with Marxist communism.**
https://gyazo.com/dd6ee07ba9345b7f78d35db62c7e4216
**〓 The bogus “Quantitative Easing” (2001–2006) triggered a resurgence of non-performing loan problems due to lending recalls that worsened the cash flow of borrowers. In 2003, Resona Bank and Ashikaga Bank successively went bankrupt and were effectively nationalized.**
**〓 Yet the idiot Shirakawa showed no sign of reflecting on the bogus “Quantitative Easing.” He even gave false testimony in the Diet, claiming that “the increase in the current account balance target from 2001 to 2006 contributed to the stability of the financial system,” and was then appointed Governor of the traitorous BoJ with a straight face — a national traitor and a University of Tokyo dropout.**
**〓 Against this background, in March 2013, Shirakawa was forced to resign as BoJ Governor before the end of his term.**
**〓 In pre-war Japan, Inoue Junnosuke and Hamaguchi Osachi — University of Tokyo graduates and products of the Marxist communist stronghold — carried out insane deflationary policies (monetary and fiscal tightening) in response to Stalin’s First Five-Year Plan (1928–1932). They destroyed the Japanese economy that had successfully modernized after the Meiji Restoration. Just as Professor Krugman said about deflationary policies, they were shot.**
**〓 National traitors like Junichiro Koizumi, Heizo Takenaka, Toshihiko Fukui, and Masaaki Shirakawa, who were obsessed with Marxist communism and enforced deflationary policies, would not have been surprising if they had been shot long ago.**
https://gyazo.com/5f52ba1c1dd789bc3f6ac49073e06c81
**〓 Even now, this shameless Masaaki Shirakawa, still exposing his disgraceful existence, points out: “While monetary easing continued under former Governor Kuroda, the widening interest rate differential between Japan and overseas since 2022 led to yen depreciation, which was a major factor in the rise of import prices.”**
**〓 As expected from a useless University of Tokyo dropout who couldn’t pass the National Public Service exam that many from Waseda and Keio pass — the BoJ is truly a dumping ground for such people. Shirakawa’s completely off-the-mark and idiotic views are truly spectacular.**
**〓 In 2022, Japan still had a strong deflationary mindset, while inflation accelerated in the United States.**
**〓 According to the relative purchasing power parity theory, which reflects real demand based on inflation differentials, the yen should have strengthened and the dollar weakened in 2022.**
**〓 However, speculators on Wall Street all rushed into yen carry trades at once. As a result, the exchange rate moved in the exact opposite direction of real demand — toward a weaker yen and stronger dollar.**
**〓 Despite the acceleration of U.S. inflation and the depreciation of the dollar, the fact that he cannot understand how speculative capital flows pushed the 2022 exchange rate in the completely opposite direction (yen depreciation) shows once again the utter stupidity of this University of Tokyo dropout, Masaaki Shirakawa. It is simply astonishing.**
https://gyazo.com/e24e4d8632dd7b972bfd26b1d17d2c45
**〓 Masaaki Shirakawa, a typical traitorous BoJ employee and a dropout from the University of Tokyo dumping ground, further commented on the causes of Japan’s low growth, saying, “It was neither due to deflation nor inflation,” and pointed to fundamental issues such as the decline in the working-age population and falling productivity.**
**〓 The main cause of Japan’s economic stagnation is that during the bogus “Quantitative Easing” of 2001–2006 — when the traitorous BoJ (a dumping ground for University of Tokyo dropouts like Shirakawa and Fukui) forcibly raised the current account balance target — lending recalls by private banks ran rampant. This entrenched chronic recession and deflation, causing once-leading normal goods manufacturers to face management difficulties. Iconic companies such as Ginza Nissan, Mitsubishi Motors, and Kanebo have still not regained their former strength.**
**〓 Inferior goods manufacturers like Toyota, which thrive in recessions, and defective companies like Shiseido (obsessed with China and which welcomed economist Kazuo Iwata’s wife as vice president while welcoming the difficulties of rival normal goods manufacturers) should never have become the faces of the Japanese economy. Yet during the “30 years of lost deflation in Heisei Japan,” they completely took over as the main players in the Japanese economy. That is the cause.**
**〓 Without even waiting for Professor Krugman’s “should be shot” remark, in pre-war Japan, useless University of Tokyo dropouts like the idiot national traitor Masaaki Shirakawa and Toshihiko Fukui would have been shot long ago.**
**〓 Shirakawa should be grateful that his head is still attached to his body! Reflect deeply!**
https://gyazo.com/075283e3e2019840980b9105203c660f
**〓 The idiot Masaaki Shirakawa claims he was a student of Milton Friedman at the University of Chicago.**
**〓 According to Milton Friedman’s Monetarism Mark I, cost-push inflation caused by supply shocks is resolved when real wage growth adaptively catches up to the inflation rate.**
**〓 To achieve real wage growth — that is, wage increases — interest rates must be cut, as President Trump says.**
**〓 If you raise rates, companies will lose the capacity to respond to wage increase demands.**
**〓 Milton Friedman’s Monetarism Mark I does not set the supreme goal as keeping inflation below a certain level. Its supreme goal is to achieve real wage growth through wage increases that catch up with inflation.**
**〓 Don’t put in your career that you studied under Milton Friedman at the University of Chicago if you don’t even understand that, you idiot Masaaki Shirakawa!**
https://gyazo.com/d934418415f5be126cfd5aaa80563488


〓21世紀に入っても数年に1人の最優秀学生に共産主義マルクス経済学の『大内兵衛賞』を授与し続ける馬鹿丸出しのポンコツ東大。
〓二言目には『物が安く手に入るのは労働者階級、無知蒙昧な無産階級の利益である』と喚き散らし、ミクロ的な価格破壊をゴリ押しし、慢性的不況を招くマクロ的なデフレ政策に前のめりとなるのがマルクス共産主義者の習いである。
〓朝鮮ゴロツキの稲川会に担がれ、東北の蝦夷(えみし)で低能未熟SFCを私物化した加藤寛に唆された低能未熟大学OBの小泉純一郎が、無産階級の福井俊彦(傘屋の小倅)や竹中平蔵(下駄屋の小倅、同和、共産党系の民青あがり)を抜擢し、『構造改革』と称してミクロ的な価格破壊をゴリ押しし、慢性的不況を招くマクロ的なデフレ政策に前のめりとなった。
〓国賊ポン銀の福井俊彦と金融相の竹中平蔵という2人のマルクス共産主義にかぶれた無知蒙昧な無産階級が『量的金融緩和』と呼んで強行した当座預金残高目標を強引に引き上げた2001年~2006年の金融引き締め。
〓連れて『物が安く手に入るのは労働者階級、無知蒙昧な無産階級の利益である』と喚き散らすマルクス共産主義にかぶれた金融テロ組織である国賊ポン銀や財務省に操られた民間銀行の貸し剥がしが横行した。
〓この時、国賊ポン銀や財務省に操られた民間銀行の貸し剥がしが横行するのを見兼ねた東京都知事の石原慎太郎氏が2003年に地方行政主導で『新銀行東京』の設立を宣言。
〓2010年8月には、2008年ノーベル賞エコノミストのクルーグマン教授が、デフレを放置する国賊ポン銀(役員)を『銃殺に処すべし』と批判するに至った。
https://gyazo.com/cf568160f03653da917d7a57e597dd9b
〓傘屋の小倅でマルクス共産主義にかぶれた無知蒙昧な無産階級である福井俊彦に政策担当理事として仕えた白川方明。
〓出鱈目『量的金融緩和』(2001年〜2006年)に伴う貸し剥がしによって資金繰りが悪化した融資先の不良債権問題が再燃し、2003年にりそな銀行と足利銀行が相次いで経営破綻し実質国有化された。
〓しかしマヌケ白川方明は出鱈目『量的金融緩和』を反省する素振りもなく、「2001年~2006年の当座預金残高目標の引き上げは金融システム安定化に寄与した」などと国会で偽証した上で何食わぬ顔をして国賊ポン銀総裁に任命された国賊にして、ポンコツ東大の落ちこぼれである。
〓しかし、こうした背景もあって2013年3月、白川方明は任期満了を待たずに国賊ポン銀総裁を辞職に追い込まれた。
〓戦前の日本でスターリンの第一次五ヶ年計画(1928年〜1932年)に呼応して常軌を逸したデフレ政策(金融·財政引き締め)を強行し、明治維新後せっかく近代化を成就した日本経済を壊滅させた(マルクス共産主義の牙城となっていた)ポンコツ東大卒の井上準之助と浜口雄幸はクルーグマン教授のデフレ政策批判どおり銃殺されていた。
〓小泉純一郎や竹中平蔵、福井俊彦、白川方明など、マルクス共産主義にかぶれデフレ政策を強行した国賊供も、いつ銃殺されても不思議ではなかった。
https://gyazo.com/576bbcbb0c524e3b5ecf110983a437fe