politics

Japan hopes China friction won't hurt financial ties

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Like closing the gate after the horse has bolted. So politicians don't realise among themselves the damage, caused by their own politicians. So far , goodwill, trade ,tourism and now banking are feeling the effects, whats next. The lack of dialogue from all parties and the media over the matter, makes you think how deep does nationalism run in Japan.

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The nationalism in Japan s NOTHING compared to the nationalism in China with 1.3 billion people. In fact if natiomalism in Japan had been greater for he last few decades Japan may not be facing the troubles that it is now. The rrot problekm today is the absurd degree of nationalism in China as created by the forced "Patriotic Education" prigram in Chinese schools. The one that Hong Kong is resistig calling it "brainwashing".

-2 ( +1 / -3 )

@minello7

You have pointed out the issue..both J & C media have been behaving quite similar with rather 'good' effect on provocation in the name of nationalism. The surprising difference identified is : Chinese media are state controlled -- hence 'propaganda' type of news reporting is more or less expected whereas the J media should normally be 'free' & diversified in term of ideology they represent -- the outcome seemed to be one-sided in J reporting & C media, despite the majority voices in line with Beijing directives, found reports on the opposite direction ( maintain hard earned relations with Japan ).

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Japan is working the story too. Nothing like "It's WAR" to talk down the value of the yen. Also, don't forget Chinese loose much more than Japanese. Chinese own majority shares in the joint ventures with automakers etc. Workers lose jobs. Chinese tours in Japan are handled by Chinese owned tourist companies here in Tokyo. Same for Japanese going to China. China stands to lose much more.

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Communist China will hurt more than Japan. Communist Chinese Government to feed it one billion plus population to keep quiet otherwise another 1989 Tiananmen Square uprising and Arab spring move to China soon. Majority of Communist Chinese population in rural area is very poor. Japan has money and civilize society. Communist China is just rising and Japan is big fat cat. Communist Chinese Leaders need to use their brain instead of mouth. I don't Europe will be fully recover within 3 years or 5 years. It'll take longer than what EU leaders expected. Germany will be dragging into grave by other EU members. Germany can't feed other 26 EU member states. Only South East Asia is not better economy situation. Communist Chinese Government has made many enemies in South East Asia. Now the Communist leaders are canceling sending their finance Minister to IMF and World Bank meeting in Tokyo. Communist Government will lose opportunity to meet Finance Ministers from G7. Obviously, the Communist China is sole loser.

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It's time to hunker down and get rid of the debt and move to other countries for favorable condition, besides economy is coming down.

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This article brings up some important points. For how much longer can Tokyo have strong influence on the global economic stage, while also cranking up nationalist rhetoric and actions at home and among its neighbors? If Japan does not continue to nurture the close economic ties she has enjoyed the past few decades with China, Taiwan,and South Korea, the Japanese economy is bound to suffer greatly. And ironically for the nationalists, Japan's power and influence on the world scene will surely recede in proportion to her economic strength.

Japanese nationalists want to cast themselves as fervent anti-communists standing up to "Red" China, as if China's current leadership is the same as those Long March autocrats of another generation. This is a blatant but weak appeal to Taiwan and conservative Westerners, especially in the US. It is a tactic bound to fail as it did in the 1920s and 1930s, because such nationalism ultimately depends on the brutal actions of extremists in its ranks for direction and power.

As in America, the Japanese economy is tenuous now with significant public debt and difficulty in opening new markets as well as preserving good jobs. If nationalist actions expand under the new LDP government, they will undoubtedly breach economic cooperation between China, South Korea, and Japan. It is delusional to assume China would continue normal trade with Japan in such a political climate. That also means more government spending to prop up her economy and a dramatic fall in the value of the Yen. Western tourists may flock to Japan as a result, but does Japan really want to return to a 1960s-style economy and status?

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Nakao, who recently visited China, said he believed there was room for Beijing to do more to stimulate the economy, but that Chinese officials were wary of reigniting inflation and also hindered by uncertainty over upcoming changes in the top Communist Party leadership.

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no, the Chinese officials are wary about the J. corporations listening to JT reader message board suggesting/demanding ending all investment in China and the inevitable implosion as predicted by most.

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And Osan America's assertion that if Japan's nationalism had been stronger the past few decades, Japan somehow would have been more respected, is the type of superficial thinking that needs to be challenged. The Chinese response in the 1970s and 1980s to strong Japanese nationalism would have been stronger nationalist and likely military actions by China's post-Mao leadership at that time. Japan could do nothing in that sense without its American defense shield, and that is fundamentally what has always irritated right wing nationalists in the post-war era.

But it is what it is. The United States has kept the peace and protected Japan's prosperity for the past 67 years. If Japan's future governments decide to rearm due to the personal insecurities of a vocal minority and despite what 20th Century history has already shown, then it will certainly lose its economic vitality in the process. Not to mention another generation of Japan's best and brightest to the intoxication and futile mindset of supremacy in Asia.

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