Posted in: In 1995, Japan’s GDP was seven to eight times larger than ASEAN. Now it’s only two times larger. When we look at investment, trade and tourism, Japan’s role in ASEAN is becoming relatively smaller bec See in context
When we look at investment, trade and tourism, Japan’s role in ASEAN is becoming relatively smaller because of other countries emerging.
Duh, ya think? It's what happens when your economy has been stuck in neutral for 30 years or so, and others have been growing.
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As usual, even though I explained further why I disagree with you, you wouldn't get my point, Jerseyboy. Nationalism makes people blind. ;-)
Alex, all you "explained" is a bunch of theory. None of which refutes the basic fact that the world's largest economy grew by 2.1 %, despite the fact that you say it is "broken". Meanwhile, the country who's economic and fiscal policies you applaud, is in it's second recession in as many years. Those are facts, and have nothing to do with "nationalism". So, once again, I say, I get your point. It just happens to be wrong.
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Citing documents, the Journal reported that Takata employees voiced concerns throughout the 2000s, particularly one US engineer who accused the company of “prettying up” data in a practice that “has gone beyond all reasonable bounds and now most likely constitutes fraud.”
Please, one of the posters who keeps saying that Takata is simply a victim of an over-zealous U.S. government trying to make money and/or help U.S. companies (you know who you are) respond to this. Over a decade of fraud. LOL.
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Japan should be doing more to help with the global catastrophe of asylum seekers, the head of the U.N. refugee body said Wednesday.
Bravo. Good to see the UNHCR is calling Japan out for its decades of check-book diplomacy. 11 asylum seekers last year -- disgraceful. I'll be the first to admit that proposing Japan start taking large numbers of refugees from the Middle East is foolish. Given the recent events in Paris, the Japanese citizens would never hear of it -- and probably rightfully so. But there are hundreds, if not thousands, of deserving asylum-seekers from Asia, Africa, etc. that Japan could admit, if it had the heart. And that ladies and gentlemen is the rub.
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I agree with Noble, of course. Jerseyboy never got my point, and he'll never get it. The Western economy (Japan included, its model is the same of America and Europe) is broken. You average people are always poorer vs big elites that are always richer. All the rest is propaganda.
Alex, "of course" I "got your point". It is just wrong, and, as usual, you have NOTHING to point to as an alternative.
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I agree - Turkey should be kicked out of NATO. It's a disgusting way to behave towards an ally in wartime.
What, are you delusional? First off, Turkey may very well be the most important strategic member of NATO right now, given its location between Europe and the Middle East. Guess maybe you missed the fact that it borders Syria, Iraq and Iran, as well as many of the former Soviet Republics. Second, Russia was hardly an "ally" to either Turkey or Nato. In fact, Turkey has been warning Russia for weeks about their incursions into Turkey's airspace.
Where is the condemnation about the flagrant violation of the "Law of Armed Conflict" where a parachuting aviator is no longer a combatant and should not be shot at?
Guess it is right there with the condemnation of Russia bombing the hell out of the insurgents to prop up Assad. Seriously, trying to make a moral argument in favor of one side or the other as it pertains to Syria is simply folly. Everyone has blood on their hands.
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U.S. economy grew at 2.1% rate in third quarter
Gee, I guess that's a typo or something, since Alex80 was just posting on here a few days ago about how th U.S. economy is "broken" compared to Japan's. Growth versus recession! And the Fed is going to raise interest rates, which, as Yellen notes, Japan has tried and failed even at that:
“Japan, where interest rates have remained near zero for most of the past 25 years, serves as a cautionary tale.”
Near zero interest rates, and Japan is still in the dumpers. What am I missing Alex?
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Turkey confirmed that it shot down a Russian warplane Tuesday, claiming it had violated Turkish airspace and ignored repeated warnings. Russia denied that the plane crossed the Syrian border into Turkish skies.
Good. About time someone shows Putin that international borders are to be respected.
Well within their rights perhaps..but how about giving the Russian plane a bit of a break. Russians are bombing the jihadis ( and let's do away with that " moderate, vetted " myth)
Nonsemse. Russia is there primarily to support the Syrian regime that bombs and uses chemical weapons on their own people. Quit trying to put a noble spin on it. It is Putin supporting another despot -- nothing more, nothing less.
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Sharp, currently implementing management reconstruction measures, has asked all of its employees to set a target amount for purchasing the company’s products.
Although Sharp says it is not mandatory for employees to comply with the request, the move has been criticized by media observers because employees have to make their purchases through a specific website, so the company can see who buys what.
This is what Japan Inc. has been reduced to -- DESPARATION COMBINED WITH INTIMIDATION. Truly a tragic commentary on a country that once proudly bragged of "winning the peace", and was very publicly buying up prime real estate all over the world, including places like Pebble Beach. Now it is reduced into strong arming its own employees into buying their crap.
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Carson isn't a career politician so I give him a pass on such a minor point.
Of course you do. Just like you gave him a pass on a dozen other silly and/or bigoted things he has said in the past few weeks. Because you'll "give a pass" to anyone who isn't Obama or Clinton. In other words, any challenge to his real intelligence -- his own advisor said it was impossible to get him to understand anything about foreign affairs -- or experience is not relevant in your eyes. Classic.
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Republican presidential candidate Ben Carson said Monday mosques, schools, supermarkets, car repair shops and “any place where radicalization is going on” should be monitored in light of terrorist threats.
That's right, pander to the lowest common denominators -- feaar and prejudice. Hope wolf amd Mark are proud of the candidates their party is fielding.
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The Japanese government plans to raise the minimum wage and introduce other steps to revitalise the economy, but the draft of stimulus measures seen by Reuters on Monday appeared to break no new ground on reforms that analysts say are needed to end decades of stagnation.
Just rearranging the deck chairs at this point. The horse left the barn several years ago on Japan's economy:
However, some economists remained skeptical of the plans because they do not do enough to address Japan’s rigid labour market and low worker productivity.
The LDP and the press in Japan have done the country a disservice by simply not focusing on the long-term, and just putting a rosy picture on everything. Japan needed to bite the bullet a long time ago and do some painful things. But by simply printing money to prop up a broken model, the government helped them avoid it. And the press played along.
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Republican presidential candidate Donald Trump says he saw people cheering the Sept. 11 attacks across the river in New Jersey — a claim officials strongly deny.
Yup, and Carson stabbed "Bob" and hit his mother with a hammer. Good gosh, it is really sad that this is the best the Republicans can do for candidates, especially when the Democrats are so beatable.
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China on Sunday told other countries not to “deliberately stir up trouble” in the disputed South China Sea, while insisting it has no intention of militarizing the strategically vital area even though it has increased construction activities there.
Since 2013, China has accelerated the creation of new outposts by piling sand atop reefs and atolls, and then adding buildings, ports and airstrips big enough to handle bombers and fighter jets — activities seen as an attempt to change the territorial status quo by changing the geography.
In short, it is the old Chinese "do as I say, and not as I do" BS.
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Nearly 60% of vacant houses in Japan, excluding those intended for sale, are in very poor condition, with decay and other significant damage.
It's called "hallowing-out". And with Japan againg as radidly as it is, and many of these folks dying in rural parts of the country -- parts the young people have abandoned -- it will only continue. Of less, of course, the government comes up with something radical to turn this around. Never mind, this is Japan and the LDP we are talking about.
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“This is no surprise. Even all you who like to talk tough would just run away leaving a trail of urine when the time comes.”
Wow. Pretty harsh words. That low a number would seem to mean that everyone who isn't part of Japan's right-wing/nationalists would not fight for their country.
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Top organizations representing evangelicals, Roman Catholics, Jews and liberal Protestants say close vetting of asylum seekers is a critical part of forming policy on refugees. But these religious leaders say such concerns, heightened after the Paris attacks a week ago, do not warrant blocking those fleeing violence in the Middle East.
Three cheers. Good to see the "base" of the Republican party, the supposed "Chrsitian right", thinks the opportuntists in Washington and the state capitals have gone too far.
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He is VERY good at repeating and mimicking the ideas and plans of other WESTERN leaders.
Precisely. He is nothing but an empty suit, so therefore a perfect representative of Japan Inc.
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Jerseyboy...continue to dream, while your country is collapsing. ;-)
LOL. Alex, I'll take my country"s "collapse" any time over Japan's "propserity". I guess all those U.S. companies like Apple, Facebook, Google, Microsoft, etc. that are global leaders, including in Japan, are just my imagination and part of this supposed collapse.
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The Vive, along with the Sony PlayStation VR and the Oculus Rift, will do much more than Gear VR, but will likely cost many times the $100 the Gear VR will set you back. Samsung’s gadget is impressive for the price.
So, once again, Sony is already playing catch-up to Samsung in a cutting-edge technology. When will they learn that their name can no longer command a premium price, and figure out how to compete with the likes of Samsung, rather than blame "fierce price competition" when they fail to meet expectations?
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Some people are speaking like if the US economy was healthier than Japan's. Sorry, it's a big disaster as well. What will happen if China will sell American debt?
Alex80 -- you must have missed the US economy that has added 3 trillion to the GDP in the past seven years, and brought unemployment down to 5%. And the one where the Fed is actually going to RAISE interest rates next month because the economy is performing so well. Is that the "big disaster" you mention? LOL.
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For example, he said the recipe for Japanese ramen noodle has been modified in Malaysia by using chicken broth and meat, instead of pork, which is prohibited in Islam.
You're kidding, right? That is the best example he could come up with? No wonder Japan is dropping like a rock in terms of global competitiveness. Truly inspirational thinking on display.
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Japan’s central bank governor is urging companies to do more to tackle deflation, a tacit admission that his massive money-printing exercise has failed so far and that policymakers are losing faith in the point of delivering more of the same.
Many posters here like myself, fxgai, smithinjapan and others "lost faith" in this "money printing exercise" the moment it was put in place. Can't believe it has taken this long for others.
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Cup noodles and chocolates keep Abenomics' pulse beating
As many others have pointed out, this is simply clutching at straws, and really points once again to the structural weknesses of the Japanese economy. Young people there do not have enough confidence in the future, or income, to be getting married, and making big investments, like cars and/or homes, so people are rejoicing because they spend a few more yen on cheap noodles and chocolate. Desperationhas truly set in.
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Under Republican-backed legislation introduced in the House, no refugee from war-torn countries Iraq and Syria could enter the United States until top-level American officials assure Congress that they do not imperil national security.
LOL. What a bunch of hypocrites. The party that prides itself of its Christian values and "right to life"; as well as guns rights and is always saying how if someone with a gun was present at any of the mass shootings our country has endured, things would be different -- is nothing but a bunch of chickens. But, anyone with half a brain knew that anyway -- all talk.
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A former Japanese sumo stablemaster has admitted to abusing an assistant, including beating him with a bat, stuffing a towel in his mouth and forcing him to eat a full container of wasabi, reports said Tuesday.
Wow. No wonder sumo is the Japanese "national sport". It embodies one of the country's great traditions -- bullying.
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5 things to know about risks and hope ahead in Japan's economy
So let's do the math -- Of the five, two are clearly worrisome (export factor and Paris jitters), two are at best uncertain as to how they will contribute to future growth (Abenomics and the cheap yen), and only one is borderline positive (shopping). Those are not reasons to celebrate. For sure.
-1 ( +1 / -2 )
Posted in: Abenomics' first two arrows of monetary and fiscal stimulus were meant to buy time, but Japan failed to make progress with painful reforms needed to boost its growth potential. See in context
commenting on official data released on Monday that showed Japan’s economy shrank an annual 0.8% in July-September, putting it firmly into recession - two consecutive quarters of declines. (Reuters)
By the way, The Guardian correctly pointed out:
Japan 's 'quintuple dip' recession delivers a fresh blow to Abenomics
It is the fifth time Japan has entered recession since 2008, a so-called “quintuple dip”.
Fifth recession in seven years. What did Einstein say about the defintion of insanity? Obviously neither Abe, nor Kuroda, nor anyone else setting economic policy in Japan took the time to learn that truth.
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I'm not even sure what Guy's economic prescription is, I've never read anything other than his commenting about how economically clueless everyone is, without stating the specifics of what he'd have the government do instead (which I suspect is wacky and unorthodox).
fxgai -- that is slightly unfair. His "economic prescription" is pretty clear -- Japan should just continue to borrow/print money, because it can. Unfortunately, he misses the whole point, which you, myself, smithinjapan, sangetsu and others, including even BNP Paribas recognizes:
"Abenomics' first two arrows of monetary and fiscal stimulus were meant to buy time, but Japan failed to make progress with painful reforms needed to boost its growth potential," said Hiroshi Shiraishi, senior economist at BNP Paribas Securities.
"Without reform (the 'third arrow'), the economy's growth potential remains low, making it vulnerable to shocks and to suffering recessions more often."
But, rest assured, Guy will no doubt classify Shiraishi-san as "clueless", along with all the folks at Moodys, S&P, the IMF, etc..
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“The important goal is not bringing them back,” Bach said. “The goal has to be Russia being compliant again with all the international anti-doping regulations. That is the important thing, so that we have an even playing field for all the athletes.”
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