fxgai comments

Posted in: New Dodger Ohtani says Seoul MLB games will be 'great memories' for him and wife See in context

Otani said via an interpreter.

That was Ippei, right? Everyone k owns Ippei now.

3 ( +3 / -0 )

Posted in: Kishida questioned over scantily clad dancers at LDP party See in context

ooops…

2 ( +2 / -0 )

Posted in: Japan's unions find surprising allies in push for higher pay See in context

Bring back stable prices. Price stability was much preferable to the incessantly weakening value of the local currency.

3 ( +3 / -0 )

Posted in: Jones says no reason Japan can't be one of world's top four rugby teams See in context

I was just thinking after seeing the headline that sorry, but because of Ohtani playing baseball, top four isn’t possible. If Ohtani were a rugby player, who knows! But more so because so any of the gifted kids will be looking to play baseball instead of footie.

0 ( +0 / -0 )

Posted in: Asian shares mostly lower; Japan's Nikkei 225 falls 2.5% See in context

Maybe BOJ's finally unloading some of their ETF shares!

Yeah… we need that 34 trillion of unrealized profits (maybe only 33 trillion now) to pay down a smidge of that 1,000+ trillion yen of outstanding public debt (or just this years budget deficit even)

1 ( +2 / -1 )

Posted in: Asian shares mostly lower; Japan's Nikkei 225 falls 2.5% See in context

Taking profits on the Nikkei and the S&P 4 I’m guessing. Nvdia might have seen its top in the short term. I don’t own any individually but I’d not be a buyer here.

1 ( +1 / -0 )

Posted in: Fire-walking festival See in context

Dang sounds interesting, with have to pencil that in for a future year.

-1 ( +1 / -2 )

Posted in: Gains from rising stocks proving elusive for most Japanese See in context

Between a race to the bottom and pressure from automation lets just say you do not know what you are talking about. 

https://techcrunch.com/2024/03/06/tech-layoffs-2023-list/

Says someone who posts an article about job layoffs in a foreign country.

The orthoganality is real when investors can get bailed out for their risks by the public treasury and easy monetary policies. 

As an investor (and an income earner) I have never been bailed out when risks I took didn’t work out for me.

So, someone is watching too much fantasy TV or something.

Anyone who has complaints should first open a NISA account, put 1,000 yen into it, invest it, and then come back with those complaints.

2 ( +2 / -0 )

Posted in: Gains from rising stocks proving elusive for most Japanese See in context

If the economy wasn’t great you’d post actual numbers

If Kishida and Biden did have good economic polling numbers you’d post those numbers too

0 ( +1 / -1 )

Posted in: Gains from rising stocks proving elusive for most Japanese See in context

Ryo Tezuka, a 43-year-old system engineer, said that he has no plans to invest in stocks for the time being because his salary is hardly increasing and he cannot afford to make investments.

A system engineer cannot afford to make investments. Really?

He ought change jobs to find a better salary for his 20 years of experience, or learn to manage his money better.

"If I were to start investing, it would be a bit further in the future," he said, adding, "I hope that the rise in stock prices will be reflected in my salary."

Still a very risk averse, and economically illiterate attitude.

Salaries are not determined by stock prices.

Also, stock prices can fall. If stock prices fall will you accept a pay cut too? No didn’t think so.

There is risk in investing. But investment is why people have jobs at all.

Save some of your salary for long term investment, and you’ll do alright.

3 ( +3 / -0 )

Posted in: Japan's current account balance swings to ¥438 bil surplus in January See in context

The true minimum wage is always 0.

-1 ( +0 / -1 )

Posted in: Bezos dethrones Musk to reclaim title of world's richest man See in context

Consequential men who have created gainful employment for countless numbers of our fellow humans.

-1 ( +0 / -1 )

Posted in: Japan gov't to cease COVID-19 treatment subsidies at end of March See in context

First time Japanese government ever dropped subsidies?

-1 ( +0 / -1 )

Posted in: Japan's Nikkei tops 40,000 for first time, as investors await China political meeting See in context

I find it perverse that capital gains, money made by simply owning something, is taxed less than actually working using your physical and mental capacities.

Well, if you own shares in a company, and it goes bankrupt… you lost your money. All of that which you invested in it.

A zero, 0% return.

So, simply owning something, may lose your your money….

So, this is “risky business”. And taking risks on business is actually… what results in people getting jobs, employed by businesses.

if you want to argue that income tax rates should be lowered, I have your back. But not if you want to hike capital gains tax rates based on the thinking that risking money in investment is easy money.

So long as this continues, money will flow from workers to the asset-rich.

Workers (employed by businesses invested in by risk taking investors) who invest their savings can grow their assets and become asset rich themselves.

Workers doing this in Japan these days don’t even need to pay any capital gains tax at all. The tax rate is effectively 0% for small investors.

Having a few rich and lots of poor people is not good for society.

I think your policy prescription would take us in that direction, not further away from it.

1 ( +2 / -1 )

Posted in: Asia stocks track Wall Street gains, Japan shares hit record high See in context

The Nasdaq composite led the market with a gain of 0.9%, to 38,996.39 

Heh, I wish.

So many big numbers these days, it’s easy for mistakes to slip through.

0 ( +0 / -0 )

Posted in: Asian shares mixed after Wall St edges back from recent highs See in context

Buffett is notorious for buying companies when they’re cheap.

Notorious doesn’t mean what it used to, I guess.

0 ( +0 / -0 )

Posted in: Nikkei ends at all-time high for 2nd day in a row See in context

Only invest what you are prepared to lose.

I would say that goes more for speculation.

If you are investing for the long term - say a 10 year horizon or more - in a globally diversified fund that invests in equities, then the chances of your investment being lost is…. Nil.

If I am wrong, it means the world has ended.

One stock might go to zero. 100 might go to zero. But thousands of them together, will not.

0 ( +0 / -0 )

Posted in: Do you think the performance of the stock market in a country reflects the performance of the economy as a whole? See in context

If you were actually familiar with historical processes

Like your master, Marx?

under Eisenhower was the period of greatest broad-based American prosperity and growth. And a progressive 90% tax rate on super-rich rentier investors.

JFK didn’t think things were so great, hence he came in and pledged to cut taxes… One of the greatest US presidents.

-4 ( +0 / -4 )

Posted in: Do you think the performance of the stock market in a country reflects the performance of the economy as a whole? See in context

biggest falls in the US stock markets after 1929 and before 2008 was Eisenhower having a heart attack and JFK being assassinated

Surely that 1987? Black Monday must have been a doozy too? At least that’s the one I sometimes hear old timers still talk about.

What did he do? Bought stocks cheap.

Indeed, best time to take such risk. And he is a hero as a result.

Just imagine though if he was thinking that any gains he might make would be confiscated by Marxists…

-1 ( +1 / -2 )

Posted in: Do you think the performance of the stock market in a country reflects the performance of the economy as a whole? See in context

The stock market is not necessarily a good barometer of the economy.

In the Weimar republic’s bout with inflation just over 100 years ago, stocks there did fantastic too.

Same in Zimbabwe.

Japan is not Zimbabwe or Weimar Republic yet, but these examples are enough to answer the question.

Also, the people who are invested in the stock market may have made some profits because the stock market went up.

If the stock market crashes by 50-75% again, they will lose most if not all of those profits too.

That’s because it’s about risking one’s capital.

The Marxists might love to siphon off some of the unrealized gains from investors, but that’s just silly. Do that and the people will risk their capital elsewhere. And they already pay tax on realized gains (except when using a nisa account...)

So then what are they gonna do? “Confiscation of the property of all emigrants and rebels”, or similar?

5 ( +5 / -0 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

There are no laws against it, but no means for the vast majority living paycheck to paycheck in precarious labor with few assets

Vast majority…

The vast majority does have 1,000 yen they could invest in some financial asset, if they wanted to.

0 ( +0 / -0 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

The yen will not be undervalued for ever.

This is a very, very risky assertion.

There is no guarantee that the yen will eventually recover its past strength.

This is a quote that ChatGPT cooked up for me:

The government financed … spending through deficit spending and extensive money printing, which led to hyperinflation and a depreciation of the yen's value. This inflationary pressure eroded the purchasing power of the currency and caused economic hardship for many Japanese citizens.

We can hope that Japan isn’t repeating past mistakes at this time… but it might be.

-1 ( +5 / -6 )

Posted in: More whales getting stranded in Osaka Bay amid global warming See in context

There is no whaling of sperm whales these days; there was in the past… doesn’t that clarify it for you?

-2 ( +0 / -2 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

You are quite the humble guy, arent you haha? good luck

Anyone can get themselves some global equities.

All you need at minimum is a bank who wants your business, and about 1,000 yen to invest.

And yeah, it irks me when people complain about the “rich”, because we are all in this together, and most people define “rich” as people having twice as much wealth as they do. By this definition, many many ordinary people are also “rich” and being unfairly slandered

3 ( +8 / -5 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

the rich are getting richer.

It’s not their (our?) fault.

It’s the policy makers who are enacting the bad policies.

Please be careful to blame the policy makers, not the policy takers.

-4 ( +6 / -10 )

Posted in: More whales getting stranded in Osaka Bay amid global warming See in context

Yes Wallace, but if you read the article you’ll see that the type mentioned is not that type that Japan still catches.

-2 ( +0 / -2 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

From what I can see, trickle down economics means that the rich piss on everyone else.

The Abenomics recipe is to devalue the yen, making everyone poorer, but the weaker yen does boost the value of export oriented stocks so owners get some compensation.

Overall I think it’s a silly recipe.

Look at the US market. All time highs, and the US dollar is also strong. The US does have an ongoing problem with inflation too, but at least their currency hasn’t been chopped in half versus other major currencies.

A proper supply side revolution here in Japan would lead to both a higher stock market and a higher valued currency, while keeping inflation low (low like it was before…)

6 ( +16 / -10 )

Posted in: Japan's Nikkei closes at all-time high, breaking bubble era record See in context

I personally thought the yen would have to be a lot weaker than it is (weak though it is) for this to happen, so well done to all of you who kept the faith.

(I’m not going to be buying myself though, quite happy with my global equities.)

6 ( +14 / -8 )

Posted in: More whales getting stranded in Osaka Bay amid global warming See in context

With less whaling going on these days, seems likely that increasing whale numbers is the actual cause.

-1 ( +2 / -3 )

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