bluesky.greentrees comments

Posted in: Japan's whaling draws fire for possible violation of int'l treaty See in context

Research? What research. Stop the hypocrisy. Its about the "sperm".

Whale "sperm" end up at high-end sushi bars & restaurants as a delicacy.

As for whale meat, not popular; most probably ended up as waste. 

And for sushi lovers, most ate the "sperm" because of Omakase of the chefs, not because customers order the "sperm". Its another of the Japanese quirks.

5 ( +7 / -2 )

Posted in: Kobe Steel data fabrication to delay restart of 4 reactors for 2 months See in context

As the population aged rapidly, many of the old salaried men are tired & disinterested, so from a social angle more and more of such cases will appear. The Japanese "craftsmen" are being eroded both by realities of age and changing attitude among the young.

3 ( +3 / -0 )

Posted in: SoftBank offers to buy Uber shares at 30% discount See in context

Averaging down on a bad position using other people money.

0 ( +0 / -0 )

Posted in: N Korea launches intercontinental missile; Trump says U.S. will 'take care of it' See in context

US branding NK a terrorist country and now NK firing another missile. And South Korea firing missiles. And more sanctions from Japan, USA, etc.

So there will be real war & fighting.

End result: many common people of various nations will be harmed & killed & injured, while politicians are safe & sound.

5 ( +11 / -6 )

Posted in: OECD: BOJ will need to rethink policy if inflation remains elusive See in context

Why should a high savings country with and old, aging declining population, with highly expensive property prices in big cities (Tokyo & Osaka where most people live) aim for 2% inflation?

Isn't this objective plain stupidity?

The people will benefit most if the rate of inflation is zero, or very mild deflation where their purchasing power is retained, and not an artificially conceived inflation and encouraging the highly indebted government to waste more funds in wasteful projects and accumulate even more debts to bankrupt the nation & citizens.

BOJ should think deeply and not follow the standard prescribed formula which is misplaced for Japanese conditions.

An artificial stock & property bubble (celebration now just like in the 1980s) created by current policy when burst will ensure Japanese economy & markets probably will not recover for another 25 years or longer. (Longer & worse than the bursting of the 1980s bubble when population was much younger).

3 ( +3 / -0 )

Posted in: San Francisco mayor accepts 'comfort women' statue; Osaka to end sister-city ties See in context

For 70 years Japanese leaders have not been sincere in spirit about the extreme atrocities they had committed on Asians. Japanese value & promote sincerity among themselves but not when they were in the wrong to non-Japanese during the wars. Japan put up apologies only in form but not in spirit. And foreigners especially Asians can see through it. The yearly visits to Yasukuni shrine by national leaders is a good example of this internal language among themselves of those "glorious" imperial days. On the other hand they keep reminding the world of their sufferings from the atomic bombs.

This contradiction makes many who suffered so much during the wars angry & upset about the hypocrisy of the leaders.

-15 ( +6 / -21 )

Posted in: Uber's messy data breach collides with launch of SoftBank deal See in context

Son's Waterloo maybe Uber.

0 ( +0 / -0 )

Posted in: Europe turns on Facebook, Google for digital tax revamp See in context

Its only right that BIG TECH pay taxes according to the estimated revenues, sales or users base as per each country or an average system at maybe a flat tax of 20% of estimated profits. It is ridiculous that average Joes are paying taxes and squeezed at every turn including GST, while BIG TECH are having a free ride on everyone and accumulating 100s of billions every year.

It's a shame that EU, USA, etc are still not doing anything effective on these OCTOPUSSES.

1 ( +1 / -0 )

Posted in: Japan's longest growth run in 16 years may not guarantee future prosperity See in context

BOJ type of 2% inflation was not achieved.

But strangely consumers in big cities like Tokyo & Osaka costs of living have went much higher in past few years:

Food package has got smaller & prices are higher.

Services prices like delivery, postage, insurance are higher.

Rental costs of apartments have went up much.

Property prices  have rocketed.

Education costs are higher.

Please ask Kuroda if he is a married salary man with a child what costs have not gone up in Tokyo & Osaka?

0 ( +0 / -0 )

Posted in: Japan's longest growth run in 16 years may not guarantee future prosperity See in context

Don't expect old aging people to keep running marathon. The euphoria will be short-lived.

5 ( +5 / -0 )

Posted in: SoftBank plans to invest up to $25 billion in Saudi Arabia: report See in context

Softbank has in recent years over-extended itself. Many of its new investments will prove to be duds like Uber unlike the Softbank of old that got into Alibaba 20 yrs ago. The quality now is highly questionable. Throwing money indiscriminately will not get good returns for investors in the Vision Fund. We are witnessing a peak bubble in Tech, which will burst soon.

1 ( +1 / -0 )

Posted in: Kuroda has achieved a lot, including better employment by implementing ultraeasy monetary policies. You shouldn't change a strategy when you're winning, in sport or anything. See in context

"Japan’s overall residential property price index rose by 4.7% (4.2% inflation-adjusted) in January 2017 from the same period last year, according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). Nationwide, condominium prices were up by 5.2%, detached house prices increased 2.7% and residential land prices rose by 4.8% over the same period."

These are average numbers, in Tokyo & Osaka property prices have been up sharply in past few years. Kuroda policies have caused sharp asset inflation in Tokyo & Osaka and hurt the finances especially of the young & young families.

0 ( +0 / -0 )

Posted in: SoftBank: No final agreement on Uber See in context

Past 2 years a bubble in big cap tech stocks has been building rapidly especially in 2017. ETFs & retail investors have been allocating a disproportionate amount to the FAANG stocks and others like Softbank, etc. Though these big stocks have earnings, there PE ratios are too high based on current very high earnings and most optimistic projections that are not sustainable. Others like Uber, etc are raising tons of money with negative profits. Even tiny Singapore Razer is making its founder a billionaire, and the firm is making little profits. Soon something nasty is going to happen. Just some profit taking by big investors may cause a significant down move in the Tech area.

0 ( +0 / -0 )

Posted in: Abe calls for ASEAN's cooperation to foster free and open order See in context

How ironical? Japan has one of the most closed trading system in the developed world eg it's agriculture sector & distribution network.

4 ( +6 / -2 )

Posted in: Japanese households' financial assets rising: survey See in context

It's obvious with the crazy printing of money by BOJ, and the buying of bonds & stocks the following had happened:

Bond prices rise.

Stock prices rise.

Land in big cities rise.

Costs of living rise.

All happening in a fast aging & declining population demographics, which means:

Only a very small percentage of the population, the super-rich will benefit.

Salary-men will be suffering more, as costs (housing, food, etc) up but wages up little.

The young & young families in the big cities will be especially hurt as housing & services costs continue to outpaced their increase in income.

It is an unsustainable bubble in bonds, stock & land prices relative to the demographics.

It also result in complacency in the government and encourages irresponsible prolific spending, raising the debts of the country.  Basically it is a massive real transfer of wealth from the vast population to the super-rich and government.

1 ( +1 / -0 )

Posted in: Abe aide says it would inappropriate to reappoint BOJ Gov Kuroda See in context

NIKKEI BUBBLE, BUBBLE! Feed on it guys. Stock bubble with an old aging population and record high debts well done. Indeed unconventional. It sure will outdo the burst in 1990 when the economy was strong and population much younger and debt level much lower. Kuroda well done!!!

1 ( +1 / -0 )

Posted in: Nikkei closes at highest level since 1992 See in context

Otemachi is crazy now. 25 years high. It's raining money. Take out the champagne!

1 ( +3 / -2 )

Posted in: Trump declares N Korea threat to the civilized world; meets abductees' relatives See in context

Bloomberg: "Trump is leaving Japan empty handed on trade".

Japan continues to win; President Trump what's up, falling into Japan evasive trick again?

The golf game from Abe is not worth it, compare to the needed Yen appreciation & tens of billions in purchase of American goods.

0 ( +0 / -0 )

Posted in: Trump to meet emperor, abductees' relatives, discuss trade, N Korea with Abe See in context

Trump’s said: “You look at what China’s doing, you look at what Japan has done over the years. ... they play the money market, they play the devaluation market and we sit there like a bunch of dummies.”

Trump now is quiet; he prefers GOLF.

1 ( +1 / -0 )

Posted in: Japan pension fund logs Y4.4 tril profit in July-Sept See in context

For those who make money in Japan, enjoy it while it lasts. Don't forget strategically it is still a rally in a setting Sun.

0 ( +0 / -0 )

Posted in: Japan pension fund logs Y4.4 tril profit in July-Sept See in context

GPIF and other Japanese funds are holding and managing Japanese savers savings. So Japanese government debts are funded by Japanese savings. Without these savings (gross Yen 1,400 trillion), the Japanese government (gross debt Yen 1,100 trillion)  would be near bankruptcy. These savings have allowed and maintained credibility to the system. Enter BOJ in the past 5 years, effectively buying up 40% of JGB government debts. Effectively monetizing the government debts. Without the savers' savings what BOJ did would have caused credibility to be quickly eroded, and interest rates would have jumped and bankrupt Japan as financing costs would have rocketed. Nevertheless, this arrangement has encouraged the LDP & MOF & BOJ to become complacent and spend more with bigger and bigger government spending. Once government debts are above savers savings, the scheme will collapse and Japan will become a banana republic. With an old & aging population, the savings have to decline & accelerate, while spending continues upward, the crossing point will arrive. Is not if but when?

1 ( +2 / -1 )

Posted in: Trump says U.S., allies prepared to defend freedom See in context

As for trade US is basically not competitive in Japan unless Dollar/Yen is at 90 and Japanese "cultural & administrative" barriers are lifted. BOJ has been weakening the Yen since Kuroda appointment. Japan is still a one-trick pony for its exporters.

0 ( +0 / -0 )

Posted in: Aso praises BOJ's Kuroda, raises expectations of reappointment as governor See in context

So Aso has let the cat out of the bag; it's about BOJ getting Dollar/Yen from 80 to 114 so that Japanese exporters can win again. It's about beggar thy neighbor policy via the exchange rate.

1 ( +1 / -0 )

Posted in: Asians talk about expectations for Trump's visit See in context

Trump & Abe combination is highly volatile & dangerous; the probability of a war, a nuclear war with NK is increasing. Japanese citizens need to think about the consequences. Will the missiles really be fired to continental USA or actually more easily into Tokyo, Osaka & Soeul and achieved the same purpose for NK? It will means more than 10 million death within a few days.

This is not a simple or imagined matter. Have politicians & policy makers think through the consequences?

-6 ( +0 / -6 )

Posted in: Trump readies for high-stakes Asia trip See in context

Trump wrong focus of golf over Dollar/Yen & BOJ monetary policy with Abe; the big trade deficit with Japan is growing again.

Trump wrong focus of NK over Dollar/Yuan with Xi; Xi can take care of Boy Kim, watch & narrow the huge trade deficit.

0 ( +0 / -0 )

Posted in: Families of Japanese abducted by North Korea pin hopes on Trump See in context

Abe has been milking the NK issues for his personal agenda, and making NK a worst enemy of Japan without achieving anything positive for the abductees families. Koizumi had done what was right against the tide; contact, connect, negotiate, and some settlement and released of abductees.

0 ( +1 / -1 )

Posted in: BOJ keeps policy intact, cuts price outlook See in context

BOJ is committing financial hara-kiri in the long-term, by buying not only JGBs but ETFs & J-REITs.

As a central bank it can conduct monetary policy via the bond market and interest rates. To buy stocks it is interfering into market & enterprises market pricing, creating mass distortion in the economy.

Now that Nikkei is at 21 year high, BOJ should back-off and stay within its realm of interest rates. 

As JeffLee has pointed Abenomics riches have been confined to an extremely small group of stakeholders while the rest of population are left behind. 

Investors should take advantage of BOJ and dump stocks at it, and shift to overseas stocks & enterprises.

BOJ unconventional experiment will end up in tears for Japan; how can BOJ support both bond & stock markets when time come for it to exit? This is not an academic issue, as other major central banks have already started the process to wind down their extreme monetary measures. BOJ should at least wind down its stocks intervention measures in ETFs & J-REITS if it still decides to "own" the JGB market.

1 ( +1 / -0 )

Posted in: Trump seeks tax plan support amid attacks by two fellow Republicans See in context

Why tax cuts for MNCs & big firms & banks when they are making record profits?

If it is truly about small businesses, that employ the small guys, than the tax cuts should be for them, those with revenues of less than US$50mln.

All these tax cuts are about the lobby power of the big corporations and little about the men on the street. This is another US Congress regular charade.

4 ( +4 / -0 )

Posted in: BOJ's next challenge: Unwinding Kuroda's legacy stimulus See in context

The banks are making record profits. Banks are strong, their balance sheets are fine. There is no banking crisis in Japan. Time to end super easy policy & instead channel money directly to help young families in the big cities and cut the costs of bureaucracy.

0 ( +0 / -0 )

Posted in: BOJ's next challenge: Unwinding Kuroda's legacy stimulus See in context

Mr Kuroda & BOJ have turned a blind eye to the real issues of costs for the majority of Japanese who now live in big cities like Tokyo & Osaka.

BOJ has been using unrealistic inflation indicators that grossly understate the true experiences of city folks.

With property prices in Tokyo and Osaka sky rocketing in the past few years, and even Ginza land valued at the highest in the world, the bureaucrats & Mr Kuroda are living in ivory tower.

Young families have to pay very high prices for apartments in these cities. Many cannot afford. Those who can afford are actually helped by their parents. Rental costs have been increasing.

Though property prices are low & declining in much rural countryside, the young have been increasingly moved to the cities, where jobs opportunities are available.

BOJ extreme super easy policies have caused serious cost inflation to city dwellers, where most of the people now reside. The policy has mainly benefited a small section of the super rich, the bankers, big property owners and rich politicians.  Kuroda inflation indicator is flawed.

3 ( +3 / -0 )

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