Death of a legend. He knew how to stir it up - everyone on their feet dancing from the first note to the last.
0 ( +0 / -0 )
What's killing Japanese universities is not lack of funding, its nepotism. The universities just hire back their own students, and worse, individual professors just hire back their own PhDs to fill the junior slots. Result: mediocracy.
Until this is stopped - say by a quota - these programs are just uselessly burning up money the gov't doesn't even have.
-2 ( +1 / -3 )
Those who have been here a while will remember the ¥15billion Global 30 Program, 2009-14. Abe's stated goal : 10 Japanese universities in the top 100. Result: Failure, same two, Todai and Kyodai, in 2014 as 2009.
Next we had the ¥7. 7billion Top Global University Initiative , 2015-23 Same goal, same result: Failure, rankings slipped.
Now the same wooly plan but hey, lets spend 1000 times more - 10 trillion yen! - this time.
-2 ( +1 / -3 )
The price of energy was going up before the war, but the sanctions (not the war) made it go up even faster.
Still plenty of cheap oil on sale though, just ask India and China.
The Ukrainians mined their harbours, as Turkey has repeatedly stated. There is no Russian blockade.
1 ( +2 / -1 )
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 )
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 )
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 )
@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 )
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 )
The Quad cannot even agree on issuing a statement censuring Russia's blatant invasion.
What a hopeless and pointless group.
-1 ( +10 / -11 )
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 )
“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 )
To paraphrase Pierre Trudeau:
Nuclear sharing with Japan would be like wife swapping with a bachelor.
-11 ( +3 / -14 )
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 )
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 )
@Ossan Korea ranks 102 in the Global Gender Gap report, Japan…120
-12 ( +0 / -12 )
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 )
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 )
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!
0 ( +4 / -4 )
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 )
@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 )
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 )
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 )
1 ( +1 / -0 )