Playing with balls—Japanese Prime Minister Abe wants m0Ar~!
The question is: Can more baseball save Japan — or at least Abenomics?
That is, with the dead-in-the-water state of the economic reforms of Abenomics (3Yen / 2013-12-24) and the increasingly desperate attempts to boost Japan’s moribund economy with “Wankernomics” (3Yen / 2014-03-22), will expansion teams for Japanese baseball really help?
Japan’s new plan to beat deflation: More baseball
chicagotribune.com | May 20, 2014
A set of recommendations to lift growth in Japan’s economy drafted by Prime Minister Shinzo Abe’s party seen by Reuters calls for slashing corporate taxes, reforming public pensions, and — in a curve ball — increasing the number of professional baseball teams to 16 from 12.
"Prosperous baseball teams could strengthen attachment to regional cities and help local economies thrive," said the report…
…But most professional teams survive in Japan because losses can be treated as tax-deductible marketing costs for corporate sponsors, such as such as Orix Corp and Yakult Honsha Co.…