happyhere comments

Posted in: Japan's bid to address weak yen sidelined by G20 rift over Russia See in context

A 20% fall in the yen means everything imported into Japan is 20% more expensive. That covers just about everything people buy on a daily basis, except some locally produced food. Even this will be more expensive as farmers need imported inputs such as energy and fertilizer.

Yes, Reckless, we are getting poorer.

Oh, what's that I hear?

Toyota et al. are making bigger profits on their overseas sales? Then why don't they share it.

-3 ( +5 / -8 )

Posted in: Japan's population down 644,000 in 2021; biggest drop on record See in context

@antiquesaving

Compare that to the USA where the largest portion of it's debt is owned by 5 foreign countries including Japan

You forget that the US can just freeze that foreign debt by sanctions... unfriendly nations

0 ( +4 / -4 )

Posted in: Japan, Italy to step up defense ties See in context

Nice photo. Italy's defence minister looks like he has a lot more important things to do right now than waste time with Kishi.

Spoiler: he has.

-3 ( +6 / -9 )

Posted in: Japan's long-term gov't debt may be at worst level of ¥1,000 tril See in context

The current US 10 yr govt bond rate is 2.35%/yr (which is still far below inflation).

2.35% of 1000 trillion yen is 23.5 million yen, about 1/4 of the latest government budget.

Ie. massive cuts across the board and/or massive tax increases.

No wonder Kuroda is printing away...........

6 ( +7 / -1 )

Posted in: Japan's long-term gov't debt may be at worst level of ¥1,000 tril See in context

@JeffLee: Why? The yen is weak because other economies are raising their interest rates while the BOJ has chosen to keep its policy loose (because it can.) Kuroda also says he prefers a weak yen.

On the contrary, the other national banks are raising interest rates because they can. Given Japan's debt load, the BOJ cannot. Without any increase in overall Japanese production (which there isn't) printing money to cover debt just means that each yen in circulation is worth a bit less.

This is the first international crisis I have seen where the yen has fallen (sharply) instead of rising (sharply).

2 ( +7 / -5 )

Posted in: Biden says Putin cannot remain in power See in context

The irony is that Biden will be gone long before Putin.

0 ( +16 / -16 )

Posted in: Biden, Asia-Pacific allies discuss Ukraine; plan Tokyo meeting in spring See in context

Target China with Russia is a necessity.

Great idea. Don't forget NK as well!

Let em keep coming, we'll take em all down with the nukes the US will (not) share with us.

-7 ( +1 / -8 )

Posted in: Biden, Asia-Pacific allies discuss Ukraine; plan Tokyo meeting in spring See in context

The Quad cannot even agree on issuing a statement censuring Russia's blatant invasion.

What a hopeless and pointless group.

-1 ( +10 / -11 )

Posted in: Ex-Nissan exec Kelly gets suspended sentence; judge slams Ghosn See in context

Kelly you are a hero, single-handedly exposing the Tokyo prosecutors' office for the unaccountable fraud that it is. They are the ones that should be on trial.

And why did the judge keep attacking Ghosn who wasn't even on trial? How could Ghosn possibly get a fair trial from a judge with such predetermined opinions?

2 ( +9 / -7 )

Posted in: Reading Putin: Unbalanced or cagily preying on West's fears? See in context

“The United States has overstepped its national borders in every way,” Putin said

Got that bit right at least, so he is not totally insane.

Don't think the US was kicked out of SWIFT after they invaded Iraq and killed thousands of people.

-7 ( +1 / -8 )

Posted in: Ex-PM Abe says Japan should discuss nuclear sharing arrangement See in context

To paraphrase Pierre Trudeau:

Nuclear sharing with Japan would be like wife swapping with a bachelor.

-11 ( +3 / -14 )

Posted in: Japan's oil subsidy may be upped fivefold due to Ukraine crisis See in context

Let me get this straight. The gov't doesn't like the inflation caused by high oil prices, so it will borrow (ie BOJ will print) the money to lower the price of oil.

What a clever idea. Lol.

4 ( +8 / -4 )

Posted in: We need to make stations unstaffed to maintain the railway network. See in context

A railway line does a lot more than just transport people. Yes, sure, buses can do that.

Since stations are much fewer than bus stops, communities and services spring up around them. It is what makes travelling by train in the countryside so pleasant. There is always something there when you arrive.

The Beeching cuts were a disaster for similar rural areas in the UK.

-1 ( +0 / -1 )

Posted in: South Korea's presidential race puts misogyny in spotlight See in context

@Ossan Korea ranks 102 in the Global Gender Gap report, Japan…120

touché!

-12 ( +0 / -12 )

Posted in: Lower house OKs record ¥107.6 tril budget for FY2022 See in context

@LDTM

You mean the bit about 24.34 trillion yen in debt-servicing costs, which is about a quarter of the budget?

No worries, Jeff Lee explained above that the government is paying it to itself...or was it to the Bank of Japan who pays it to the government? Whatever, who cares.

Nothing can go wrong because it never has. Lol

0 ( +2 / -2 )

Posted in: Lower house OKs record ¥107.6 tril budget for FY2022 See in context

Tom San

we should join the Belt and Road and have access to 60% of the worlds trade market.

And bow down before Uncle Xi???

Japan's being doing that for a good long while now.

Please check who is Japan's leading trade partner and report back.

-2 ( +1 / -3 )

Posted in: Lower house OKs record ¥107.6 tril budget for FY2022 See in context

Jeff Lee, if it is that easy why does the government collect any tax at all?

Just cancel income tax, consumption tax, juuminzei, health tax etc and print away!

Whoopee!

0 ( +4 / -4 )

Posted in: Lower house OKs record ¥107.6 tril budget for FY2022 See in context

As long as Japan has a large current account surplus printing money works, as there is always more demand to buy yen than to sell it.

It remains to be seen if a country falling behind economically, with a huge demand for energy imports and with a declining population can maintain this surplus.

I doubt it.

0 ( +3 / -3 )

Posted in: War fears grow as Putin orders troops to eastern Ukraine See in context

@zichi Russia shares its borders with NATO countries.

Yes it does.

Adding Ukraine to Nato adds 2200 km to that border (with Russial and another 1000km for the border with Belarus. This combined is the length of the US/Mexican border.

Putin is not mad to oppose this.

If Nato wants this they outcome they will need cold war level troop strengths again. Madness.

-5 ( +6 / -11 )

Posted in: War fears grow as Putin orders troops to eastern Ukraine See in context

Actually this is a good outcome for almost everyone.

The EU has enough problems with eastern European countries like Poland and Hungary to try and absorb Ukraine.

Nato is far more secure without Ukraine than with it. A neutered Ukraine is almost as good as a neutral one.

Even Ukraine is better off for the short to medium term at least, as their annoying Russian minority will no longer be voting and things will calm down.

-8 ( +4 / -12 )

Posted in: War fears grow as Putin orders troops to eastern Ukraine See in context

Kosovo finally came back to haunt Nato. Over 4 years later 4000 Nato troops are still there.

This move by Putin stops Ukraine joining either Nato or the EU, unless Ukraine is willing to cede the territory, which it won't. Nato should have negotiated.

6 ( +13 / -7 )

Posted in: Nissan to invest $500 mil to make new EV models at Mississippi plant See in context

Right investment

1 ( +1 / -0 )

Posted in: Australia says China warship fired laser at its patrol plane See in context

Australia says Chinese warship fired a laser at its spy plane

There, fixed the title.

-9 ( +6 / -15 )

Posted in: China detains Japanese man in Shanghai; details unclear See in context

kaimycahl:IF China thinks everyone is a spy then the world over should detain Chinese citizens because we know they are not only spies but thieves!

Moderator : this and other similar posts are clearly hate speech.

-1 ( +0 / -1 )

Posted in: China detains Japanese man in Shanghai; details unclear See in context

@strangerland

China is the enemy. They are the single biggest threat this planet faces. The people of the free and independent nations of Taiwan and Hong Kong would agree.

Well I don't and would prefer to let the people living in Taiwan and Hong Kong speak for themselves.

-3 ( +0 / -3 )

Posted in: China detains Japanese man in Shanghai; details unclear See in context

@martimurano

If you make even the briefest internet-search, you will learn of the huge numbers of people who have become disappeared, murdered, and tortured 

Think you must be talking about the CIA, Guantanamo bay and so on here. This is what my internet search came up with :

Extraordinary rendition is state-sponsored "forcible abduction in another jurisdiction and transfer to a third state". The phrase usually refers to the United States-led program of extraordinary rendition during the War on Terror,[1] which had the purpose of circumventing the source country's laws on interrogation, detention, extradition and/or torture.

0 ( +0 / -0 )

Posted in: China detains Japanese man in Shanghai; details unclear See in context

It is always assumed that foreign people arrested in China are not spies. Like this Japanese guy or the two Canadian Michaels.

Does anyone seriously believe that no foreign countries have spies in China? What is the purpose of spy agencies if they don't spy on the enemy?

And does anyone seriously believe with all the surveillance apparatus in China they are not able to locate any of these spies? Obviously they can and do. Same as everyone else.

-4 ( +0 / -4 )

Posted in: Biden says Russian threat to invade Ukraine still 'very high' See in context

@2020hindsight

Absolutely not. It would undermine the US intelligence in the reason. If you have intelligence, you don't tell you enemies what that is. That's basic.

Basic? Biden announcing the "invasion" date obtained by US intelligence, complelely contradicts your statement.

Or are you saying that Biden lied?

-1 ( +2 / -3 )

Posted in: Biden says Russian threat to invade Ukraine still 'very high' See in context

One minute Biden was leaking to the world "secret intelligence reports" that there would be an invasion Feb 16. Now he is giving no details on "secret intelligence reports" predicting false flag operations.

If and when the invasion occurs I think we will all know without Biden's help.

But if he has details of false flag operations these should obviously be announced before they are supposed to happen, not afterwards.

-2 ( +1 / -3 )

Posted in: Australia's largest coal-fired power plant to close See in context

Peter 14: Relying on renewable energy is the future for everyone and most have been on that trail for years.

Then how do you explain that Australians elect a government clearly on a different trail :

...despite the conservative administration's insistence on backing new coal projects.

Pro-coal government coalition MP Matt Canavan said the closure is "going to be a disaster," predicting high energy prices.

-2 ( +0 / -2 )

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