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Japan is a manufacturing powerhouse but a financial lightweight.

9 Comments

David Threadgold, a Keefe, Bruyette & Woods analyst in Tokyo who has followed banks in Japan for more than three decades, saying Japan’s megabanks can’t find success abroad due to risk aversion and centralized control.

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Well David Threadgold, maybe Japanese banks just prefer to invest in low risk industries which manufacture things that people actually need. Earning profits by shuffling money around the world in clever financial schemes is not for everyone.

5 ( +6 / -1 )

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@ Helix.

Good point!

1 ( +2 / -1 )

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Dear David Threadgold has a very threadbare - narrow, myopic - understanding of Japan's strength.

Japan holds 1.03 trillion in US Bonds (next to China @ 1.18) as of last year figures, 2018.

That's no 'light weight' leverage.

4 ( +5 / -1 )

And we should care about that because?

1 ( +2 / -1 )

Yeah because Japan won't fall the derivative shell game from the IMF/WB. Japan is doing just fine thanks.

0 ( +1 / -1 )

China is a manufacturing powerhouse; Japan not so much. But they are lightweights is a plethora of fields.

-1 ( +0 / -1 )

The last time Japan tried to be a "financial heavyweight" was 1991. That didn't go so well.

0 ( +0 / -0 )

 Earning profits by shuffling money around the world in clever financial schemes is not for everyone.

Lol, in Japan they buy newly issued bonds from the government and sell them to the Bank of Japan :)

Companies are criticized for being "cash rich" and don't need to ask to be lent money for virtually 0%.

2 ( +3 / -1 )

Lol, in Japan they buy newly issued bonds from the government and sell them to the Bank of Japan :)

Because they can. Most other economies can't.

1 ( +1 / -0 )

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