Japan Today

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Posted in: Japan sees record cannabis cases in 2023; 70% among young people See in context

Legalize, tax, and regulate.

3 ( +6 / -3 )

Posted in: Kishida says gov't will do 'everything possible' to boost household income See in context

Raise the minimum wage. That's within the realm of "everything possible" and it will directly boost household income for millions of people.

6 ( +6 / -0 )

Posted in: Kishida to return part of salary amid backlash over planned pay raise See in context

They are making it sound incidental but they could have easily carved an exclusion for the cabinet and the members of the parliament. Pretty sure none of these folks neither need nor deserve a raise.

10 ( +11 / -1 )

Posted in: Tokyo holds first missile evacuation drill in years See in context

Nice attempt to make the raise in defense budget more palatable to the public. Just keep them in fear of the baddies across the sea.

-8 ( +15 / -23 )

Posted in: Kishida struggling to show leadership See in context

An LDP lawmaker said, "The prime minister really does not like being called tax hike glasses. He comes from a privileged background, so he is probably not accustomed to being openly insulted."

This does explain his state of mind quite well. Coming from a position of privilege, he now feels he has to prove himself to be worthy of his position and not the silver spoon fed, empty suit, sock puppet that he actually is. He wants to leave on his terms and not like the strawberry farmer, who had to leave unceremoniously before an election to let LDP anoint someone else who could show a temporary fresh facelift on the old rotten pig. Well the clock is ticking, he has until early 2025 to get his approval ratings up or they will yoink him off the stage whether he wants it or not.

0 ( +1 / -1 )

Posted in: University of Tokyo asks firms to stop pressuring job-hunting students See in context

The government doesn't make all these dirty tactics illegal so the universities to had to fill the gap to protect their students. But it will fall on deaf ears without any enforcement backing it.

Back in my day, companies would also require a "one per student" reference letter from the universities. They do everything except providing a modern work environment and globally competitive salaries.

1 ( +2 / -1 )

Posted in: Kishida says policies necessary; doesn't care what names he's called See in context

"I want to value the attitude of making decisions on what I believe should be done and carrying out necessary policies, while carefully planning the order and method of doing things," he said at a press conference.

Bragging about the bare minimum he needs to do as a rank and file bureaucrat, let alone a prime minister. And where is that belief stemming from? How about being data-driven, taking examples from other countries, not repeating the same old mistakes of the past?

0 ( +3 / -3 )

Posted in: Kishida says gov't won't hike taxes to boost defense budget See in context

The money is going to come out of more QE obviously. Just a hidden tax that everyone but specifically the poor will pay with rising prices of basic commodities.

1 ( +9 / -8 )

Posted in: 92-year-old driver ordered to pay ¥140 mil over fatal Tokyo crash See in context

Furthermore, the defendant "did not even try to offer an apology and continued with unreasonable excuses until the ruling in the criminal case was handed down," said Presiding Judge Kaoru Hirayama.

Classic overly proud, ruling-class man-baby who has never been humbled in his entire life. Glad to see the rare occasion that a judge did side with the weak in Japan.

23 ( +25 / -2 )

Posted in: IMF projects Japan's GDP to fall to world's 4th in 2023 after Germany See in context

As the unfunded projects by Kishida keep piling up, expect JPY to weaken further. The fact is Japanese government can't even afford to raise the interest rates with the over 200% debt to GDP ratio. And whatever nominal GDP growth obtained from the weak yen gets eaten up by the much larger drop in the exchange rate.

4 ( +10 / -6 )

Posted in: Kishida plans income tax cut for households and corporate tax breaks See in context

The fact that he's targeting income tax rather than the consumption tax makes me believe that he'll do the classic bait and switch and cut lower bands like one percent while the upper brackets get higher cuts or completely abolished. Also, since this will be funded by none other than more money printing, expect your JPY to fall further in value.

1 ( +4 / -3 )

Posted in: Japan to OK train fare hikes for holidays, weekends due to 'overtourism' concerns See in context

Trains are already cheaper than other major tourist destinations in the West after the depreciation of the yen. Even hiking prices by 100% won't really stop the tourists from taking advantage of the convenience of moving around in on time and clean trains. On the other hand, the locals are being punished by unnecessary price increases when there is already enough pressure from the inflation and stagnant wages. Overall, a terrible idea that I'd expect from the minds that have been plaguing this country for decades.

14 ( +20 / -6 )

Posted in: Japan asks Iran to talk to Hamas and try to calm tensions with Israel See in context

Wut? Hamas already asked for a ceasefire. There's nothing more they can do short of turning themselves in en masse to the IDF at this point. Does she even watch the news?

-3 ( +10 / -13 )

Posted in: Kishida sends offering to Yasukuni shrine for autumn festival; 2 ministers visit See in context

Let's not forget that the emperor of this country Hirohito stopped visiting the shrine after the enshrinement of the war criminals and his descendants never visited there before trying to teach the foreigners a lesson. What the politicians are doing is right-wing virtue signalling, nothing more.

-3 ( +7 / -10 )

Posted in: Kishida cabinet's support rate falls to record low 32%: poll See in context

By political party, the LDP maintained the highest support rate with 34.7 percent, which was followed by 13.2 percent favoring the opposition Japan Innovation Party, while 6.5 percent preferred the main opposition Constitutional Democratic Party of Japan.

The headline is much more dramatic than the actual information in this article. Kishida can run from one record to another in terms of unpopularity. Between the abysmal support for the opposition, the low turnout, and the first past the post system, nothing will change in Japan for the foreseeable future.

0 ( +7 / -7 )

Posted in: Publishing exec gets suspended sentence over Tokyo Olympics bribery See in context

Ah the completely impartial external auditor: one's spouse. Thanks Japan for the breakthrough in corrections system.

3 ( +13 / -10 )

Posted in: SoftBank CEO Son says AI will surpass human intelligence in a decade See in context

Talking the talk is easy. Let's see how serious he is on investing in AI. Will he pay even a quarter of what OpenAI or Deepmind is offering to their employees in Japan or keep funneling the easy money he made through the predatory cellphone contracts in Japan to failing startups in Silicon Valley?

1 ( +1 / -0 )

Posted in: Gov't considers support for low-income earners in new economic package See in context

This is a hidden subsidy given to those companies paying their employees less than a living wage. Raise the minimum wage to 1500 yen nationally and to 2000 yen in Tokyo. Tax the companies that layoff employees to fund the unemployment funds. Businesses will adapt as long as they are forced into action, otherwise we'll live with the status quo for the rest of our lives.

3 ( +5 / -2 )

Posted in: Osaka World Expo organizer to raise construction cost estimate again See in context

Heads should roll when the project is over budget by nearly 100%. Pretty sure labor costs didn't go up even 5% in the same period.

5 ( +5 / -0 )

Posted in: Bank of Japan sticks to ultra-loose monetary policy See in context

They have 11 overly paid and underqualified clowns there pretending to discuss the monetary policy before just making another announcement that they'll keep pumping more free JPY to the market until BOJ is the defacto owner of the government and private sector of Japan. BOJ cannot change the policy now because the government is spending like there's no tomorrow all the while the debt to GDP ratio is way beyond 200%. If they started paying interest on any new borrowing, things will fall out of control very quickly. The businesses have no intention to invest to improve productivity so they can only benefit by effectively cutting the workers' salaries. Foreign companies will never invest in Japan unless they see a fire sale like the one we have for the last two years or so. Just sack these clowns and announce that BOJ will not raise interests for at least a generation and be done with the charade that's going on for a decade already.

-2 ( +0 / -2 )

Posted in: Kishida pledges to set up special zones to boost foreign investment See in context

Invest in Kishida


His political expiry is around the corner. These are his last futile attempts. There's not that much the government can do to bring foreign investment when the local companies insist on their outdated business practices and expect the rest of the world to bend over backwards for them.

0 ( +7 / -7 )

Posted in: Japan labor market set for change as huge worker shortage looms See in context

Productivity is the key. Reduce the useless paper pushing and internal bureaucracy within the companies, thin out the middle management layers, increase, autonomy and encourage employees to be bold and take action to improve processes. The so-called labor shortage is based on the abysmal levels of productivity the country is at currently.

5 ( +6 / -1 )

Posted in: Hearings in $1 billion lawsuit filed by Carlos Ghosn against Nissan start in Beirut See in context

Ghosn pulled the Uno reverse card on Nissan. Nissan execs and the prosecutors they colluded with would have never thought that this day would come.

4 ( +23 / -19 )

Posted in: All trips for public schools in Tokyo's Minato Ward to take place abroad See in context

I'd say going on a trip to a foreign country with all your schoolmates together does not work toward the aim of this program. If they are serious about these goals, they can try sending children to stay with a host family for at least a month on at least two occasions to different countries.

12 ( +13 / -1 )

Posted in: No women appointed as vice ministers under Japan's reshuffled cabinet See in context

Look at high ranking officials in the bureaucracy to see the real picture not the random appointees who won't last in their office longer than a year before another "reshuffle".

8 ( +11 / -3 )

Posted in: Shibuya mayor says 'Don't come' for Halloween See in context

Wonder which legal pretext he his using to curtail the rights of the citizens. People have the right to organize, the police isn't there to stop them but ensure their safety.

7 ( +17 / -10 )

Posted in: Kishida to retain Motegi, Aso in LDP executives reshuffle See in context

Not surpising. Also is the person behind the curtain pulling Kishida's strings.

5 ( +7 / -2 )

Posted in: Kishida says he secured understanding on Fukushima water at G20 summit See in context

Isn't it a bit to "secure understanding" from other nations after the first stage of the discharge done? In actuality, I'd wager it was barely brought up in bilateral talks as the only major opposition is from China anyway.

0 ( +1 / -1 )

Posted in: Japan announces ¥20.7 bil relief fund for seafood exporters hit by China's ban See in context

I've got an idea, Kishida buys all the fish that couldn't be exported with his personal funds and eats it for a photo op everyday. He can share it with other LDP goons too.

-5 ( +6 / -11 )

Posted in: Japan announces ¥20.7 bil relief fund for seafood exporters hit by China's ban See in context

"The alternative would be just as expensive. They arent releasing the treated water for the hell of it."

Did Tepco ever release the annual cost of storing the water? Notice that by releasing the water, Tepco's problem is now Japan's problem. And they are socializing their losses.

-3 ( +7 / -10 )

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