James Hendershot comments

Posted in: Wealth of Japan's richest surges nearly 50% during pandemic See in context

Asset inflation,such as real estate and stock market prices, is directly correlated with stimulus actions by Central banks. Quantitative Easing is the term. It doesn't matter if it happens during a crisis or not. If you lend money to powerful organizations at a 0% rate they have to park it somewhere. Obvious place is stock market and real estate. Upper middle class realize this and jump on the bandwagon pushing it up further. The problem is that when assets increase in value, the purchasing power of the poor (who tend to only have cash) decreases. Another way to state it is that actually asset values haven't inflated; the dollar just got weaker. How can the value of an unchanged house increase anyway? Excessively taxing the rich will do nothing positive. They will find other ways to park their money or transfer it their kin. We need to stop free money to the elite. Stop quantitative easing. No such thing as too big to fail! How about never too small to succeed? Return the power of the dollar! That will benefit the poor more than a high-tax scheme.

6 ( +6 / -0 )

Posted in: Cultural Affairs Commissioner criticizes Japanese music, angering many See in context

My two cents; I think he's making the comparison between the Global popularity of modern K-pop and the faded glory of Asian popularity of J-pop. Why has K-pop risen while J-pop has faded? I'm not sure if many are aware of this so...The Korean music industry has kept very strong ties with the LA and NYC music industry scenes since the early 90s, sending people to continuously train, stay relevant, produce, collab, etc... Now we see the fruits of their labor are blossoming, with BTS becoming the first Asian group to go #1 Billboard 200. There's a lineage there. It didn't happen over night. Japanese music industry hasn't stayed connected to their counterparts in the States in the same way so they are floundering. They just stayed isolated and focused on themselves, thinking they are staying relevant. It's not just in the music industry. This is applicable to other industries as well. I understand this is just mainstream music but it is what moves the dial for most people.

14 ( +14 / -0 )

Posted in: 'Izakaya' bankruptcies hit record high See in context

This is a misleading and incomplete article because it doesn't define what bankruptcy is to the layman. Also, it doesn't make the distinction between registered incorporated companies vs. privately run businesses. Basically the closures of on-premise Izakaya in Japan, incorporated or not would be that number 175 by a factor of a 50 or more. That data wouldn't be that easy to collect and would involve actual journalistic reporting.

3 ( +3 / -0 )

Posted in: 2 doctors indicted over consensual killing of terminal ALS patient See in context

My father died from ALS last year. It's a disease that's faster than cancer and worse than cancer. There's no treatment. No cure. Week by week, a person with ALS loses one ability after the other, until your reduced to less than nothing. Because at least when you're nothing, you don't know it. I wish no one to ever have to watch this terrible disease or have to endure it. Understand the symptoms to know it is hell. Hell. Those two doctors are heroes. It doesn't bother me they were paid. It doesn't bother me their motives. To me, they are heroes. If you don't know ALS, you can't understand.

15 ( +17 / -2 )

Posted in: Craft beer gets turned into gin See in context

Hi, I'm in the business.

@jeffhuffman. The article is mentioning the troubles of on-premise consumption businesses, primarily bars and restaurants. Craft Breweries in Japan do sell their bottled products online, but kegs are another matter. Kegs have been going to waste sitting inside closed restaurants. Hitachino is taking back those kegs to repurpose the alcohol into gin, helping the industry in the process.

4 ( +4 / -0 )

Posted in: Electric bikes gaining in popularity in Japan amid graying population See in context

"As of the end of November 2019, 54 people had been killed that year nationwide in accidents while riding electric bikes, rising from 28 such deaths in 2009, according to the National Police Agency."

The rate would be more helpful here in addition to the raw numbers. If usership increases, so will deaths naturally. The rate is key.

0 ( +0 / -0 )

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