politics

Japan to extend ¥9 bil loan to Paraguay for stable electricity supply

18 Comments

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© KYODO

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This article by Kyodo reads like a communist propaganda press release. Where's the news? Is this a case wherein Japan fulfills its ODA obligation by lending money to a developing country, which then hands the money over to a Japanese corporate consortium that the Japanese govt has appointed to build a facility from 100% Japanese parts and equipment? Will the plants be coal-fired?

Kyodo has once again strategically omitted key info.

9 ( +10 / -1 )

WHERE DOES THIS MONEY COME FROM?

3 ( +5 / -2 )

Parawhat ???

0 ( +4 / -4 )

Taking money out of your wallet and putting it in your back pocket. So generous.

4 ( +4 / -0 )

Of course, this money will pay for Japanese product and services from a Japanese company. This company gets paid indirectly by The Japan government. It is basically a subsidized sale with state warranty as the company does not trust to get paid by Paraguay. Understandable that last part

5 ( +5 / -0 )

That’s how Japan works for his overseas business. No loan is free.

Otherwise, Motegi keeps traveling while imposing the commoners PCR tests and quarantine

5 ( +5 / -0 )

Kyodo has once again strategically omitted key info

They've doubtless got a template to work off, and yes, it's probably coal with a mere ¥9Bn.

Next time you see a 商社マン with a hunk of wrist candy, remember how generous the unwittingly Japanese taxpayer continues to be to deserving causes like Swiss horologists.

4 ( +4 / -0 )

Oops, Freudian slip.

*unwitting

2 ( +2 / -0 )

WHERE DOES THIS MONEY COME FROM?

American banks and other Western financial institutions.

Developing nations can't borrow from big banks in the West, so they go to Japan who will actively use its outstanding credits to borrow for those nations.

2 ( +2 / -0 )

"American banks and other Western financial institutions.

Developing nations can't borrow from big banks in the West, so they go to Japan who will actively use its outstanding credits to borrow for those nations."

Clueless.

As per usual.

"Countries With The Most External Debt 2019"

"Here is the list of countries that owe the most to foreign creditors in 2019. The United States leads, followed by the Euro area and the United Kingdom."

"https://www.gfmag.com/global-data/economic-data/xtegh9-external-debt-in-countries-around-the-world"

-2 ( +1 / -3 )

ok so soon there will be electricity from Paraguay for sale in Japan #irony off#

2 ( +2 / -0 )

It would be useful to find out how the electricity will be generated. Hard to believe that Paraguay is still without a modern electrical grid.

3 ( +3 / -0 )

1glenn

It would be useful to find out how the electricity will be generated. 

"Hydropower comprises nearly 100 percent of electricity in Paraguay; 90 percent of generated energy is exported, with neighboring Argentina and Brazil receiving the majority. Paraguay is one of the world's largest electricity net exporters." (Wikipedia)

1 ( +1 / -0 )

Clueless.

As per usual.

"Countries With The Most External Debt 2019"

"Here is the list of countries that owe the most to foreign creditors in 2019. The United States leads, followed by the Euro area and the United Kingdom."

"https://www.gfmag.com/global-data/economic-data/xtegh9-external-debt-in-countries-around-the-world"

If there are the biggest dumbasses in the world, there Donald Trump and Peeping_Tom.

This guy suffers so bad from schizophrenia that he can't differentiate the topic and his argument.

Totally irrelevant to what I am saying. If Japan employs this type of person around to defend Nihonjinron, the country is really doomed.

0 ( +2 / -2 )

And Bumbacloty is just too ignorant to gauge his own "argument".

If Japan was a heavy borrower from the "US and other western institutions" then, as a matter of fact, it would be the World's greatest external debtor.

Btw, when are you heading home?

-4 ( +0 / -4 )

If Japan was a heavy borrower from the "US and other western institutions" then, as a matter of fact, it would be the World's greatest external debtor.

No one is making that claim. What OP did claim is that Japan we willing to lend to countries the US and other Western countries wouldn't.

0 ( +0 / -0 )

"No one is making that claim. What OP did claim is that Japan we willing to lend to countries the US and other Western countries wouldn't."

REALLY?!

"Developing nations can't borrow from big banks in the West, so they go to Japan who will actively use its outstanding credits to borrow for those nations."

I don't need to learn JT's "interpretation" techniques.

I have already been to London University for that

And my work involves tons of it too.

Simples.

-2 ( +0 / -2 )

**I thought this article was about Japan extending ¥9 bil loan to Paraguay for stable electricity supply **What does the US have to do with this?

0 ( +0 / -0 )

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