Larr Flint comments

Posted in: Japanese banks keep lending at record pace in July as pandemic pain persists See in context

They should bankrupt. More we subsidy zombie companies, more problem we will have in the future. Bankruptcy is a good thing it clears the market from inefficient companies. 

First problem is inflation. This stimulus will lead to the money losing it's value or in another words inflation. Savings keepers will lose everything they worked for all their life.  

Second, work and pay inequality. If you keep subsidy that small companies their staff getting paid for doing nothing or pretending that they are busy (Japanese Airlines, Hotels etc.). Now the person that stends there make money as person who sweats and actually works in let's say factory or as an English teacher make money too, but trust me people prefer not to sweat and take money. 

I know it's virus situation but this can't be saved. It's the best moment to change the old system.

4 ( +4 / -0 )

Posted in: Pandemic could take shine off moving to Tokyo for work See in context

Ohh great I always wanted to live in rural Shikoku and work on the farm or some simple job like that. Although my wife always argue how life is "convenient" in Tokyo. I keep teasing her, where is your convenience now? She could work remotely as she is doing it already since March this year.

Plus the Japanese government gives you incentives, like cheap house that you can own after all. I know it's not the best condition, but cmon this Tokyo crowded and small size houses are ridiculous. Anyway I think in the future we will have cheaper housing as society is getting old and immigration is low.

5 ( +6 / -1 )

Posted in: Over 60% of Olympic volunteers worry about anti-coronavirus measures See in context

I actually registered as an Olympic Volunteer, and I'm terrified to put my life on the first line just for the idea of Olympics. It's too hot, corona virus is everywhere, and they don't have transportation allowance.

3 ( +5 / -2 )

Posted in: Tokyo logs 331 coronavirus cases; Okinawa reports record 159 See in context

Finally trending down! Good job government with our leader Shinzo Abe!

Do we still have to wear the masks? because it's a little bit bothersome to use this one-time mask for 4 months now.

-19 ( +5 / -24 )

Posted in: Self-driving amphibious vehicle to go on trial in eastern Japan See in context

That's great news!!

With a lot of elderly Japanese drivers who shouldn't be behind the wheel anymore as they cause more and more accidents plus ageing society that will be in need of those kind of services in the future as someone will have to take them to the hospital.

The other solution is to hire foreign drivers, but with the Japanese unwillingness to accept gaikokujins it's unachievable, especially in the situation like Corona Virus.

Anyway robotization is the way to go!

-5 ( +1 / -6 )

Posted in: Japan's summer holiday begins quietly amid requests to avoid trips See in context

Im going from Tokyo to Aomori this weekend there was no infection there yet so I feel safe not wearing mask. Please enjoy your holidays guys! If government says it's safe it safe!

-26 ( +5 / -31 )

Posted in: Nippon Steel appeals South Korea court ruling on asset seizure See in context

If you did something bad to someone you should pay for it. That's my opinion, no excuses that it was already paid etc. until the last Korean that was forced to slavery during that time is still alive, Japan has to pay. This is my opinion. My grandma took survived II World War is still alive to this day, but stories she told me about what Germans did were terrible.

-7 ( +4 / -11 )

Posted in: Pandemic derails Abe's strategy to revive regional Japan with tourism See in context

Guys I told you already Go To Travel wasn't implemented for travelling it is the biggest money transfer. Shinzō Abe knows that he is experienced politician, I believe you didn't buy this story about him making this kind of mistake.

3 ( +6 / -3 )

Posted in: Japan's spending slump eases as economy reopens See in context

Ohhh economy reopens? it seems for me like it never been closed!

I'm just curious how long we will push deeper into recession before it becomes depression.

1 ( +2 / -1 )

Posted in: Abe says no need for another state of emergency over coronavirus See in context

Im so relieved!!! Shinzō Abe is great politician and knows what he is doing. No need for state of emergency, I'm going to pack my backpack and get ready for travelling!

-29 ( +18 / -47 )

Posted in: Tokyo reports 309 new coronavirus cases; nationwide tally tops 1,000 See in context

Stay safe, go outside!

-3 ( +20 / -23 )

Posted in: Asian shares extend rally after S&P 500 nears record See in context

Nothing can stop Japanese economy いけいけ!Kuroda San and Abe should get nice bonus for how they manage the situation!

-3 ( +0 / -3 )

Posted in: Proponent of Abenomics blasts tourism campaign as pandemic rages on See in context

Guys it's not what you think it is. No one cares about GO TO campaign, all that is for the to get the money. It's the biggest money transfer in the history, before the system collapse! Open your eyes!

-2 ( +3 / -5 )

Posted in: Japan 1st quarter GDP unchanged at 2.2% annualized contraction See in context

This stainless steel economy of Japan. I'm impressed, Kuroda San from Bank of Japan and Shinzō Abe at their best.

US -30% slump, entire world -20% while Japan -2.2%

I told you guys, have faith in the government!

-10 ( +0 / -10 )

Posted in: 1995 Hachioji supermarket triple murder case remains unsolved after 25 years See in context

I still remember that, it was 10 years after I moved to Japan. Terrible tragedy.

0 ( +0 / -0 )

Posted in: Food trucks serving up free hot meals to front-line medical workers See in context

Hurry, finally some supply to the front lines. I hope when unemployment will be high they will serve the food to everyone in need.

-2 ( +1 / -3 )

Posted in: Japan confirms 1,512 new coronavirus infections See in context

I could say "I didn't say so" but it's not time for that.

Last call for the government to wake up. There is not much time to act, as winter is coming soon.

If we won't contain it soon, winter will be Coronavirus harvest time. 

I can expect important announcement from Koike today or tomorrow.

0 ( +13 / -13 )

Posted in: Trump says he'll act to ban TikTok in U.S. as soon as Saturday See in context

Good move by President Donald Trump! Shinzo Abe should learn some leadership skills from this guy.

-15 ( +20 / -35 )

Posted in: Nikkei falls to lowest level since mid-June See in context

I think Kuroda San from Bank of Japan should do some more quantitative easing.

1 ( +2 / -1 )

Posted in: Japan reports record new coronavirus infections for 3rd straight day See in context

Not surprised at all, everyone knows what the next step will be, I already mention it few times. Let's have a faith in Shinzo Abe and Koike San to crush it before it will get worse.

-50 ( +4 / -54 )

Posted in: Japan's factory output rebounds; jobless rate falls See in context

Great news! Abenomics at it's best!

-8 ( +0 / -8 )

Posted in: Toyota group leads global vehicle sales in Jan-June See in context

Good we need another round of 100 000 yen and two masks.

0 ( +0 / -0 )

Posted in: Japan to lift virus ban on re-entry of some foreign residents from Aug 5 See in context

I think government should focus on boosting the tourism sector by lifting virus ban entry for Chinese tourist. Residents can wait to return to Japan.

-39 ( +5 / -44 )

Posted in: Japan's June retail sales fall for fourth month, but at slower pace See in context

It's a good time for consumption tax increase.

-1 ( +0 / -1 )

Posted in: Containing virus in Tokyo prerequisite for hosting Olympics: Koike See in context

@Monty

I'm sorry but even with vaccine we won't be safe. Because it's a virus it's going to mutate, kind of like flu virus mutates every year.

-3 ( +3 / -6 )

Posted in: Blast in Fukushima restaurant kills 1, injures at least 18 See in context

Looks like a bad luck is still over Fukushima, let's hope for the best in their way to recover.

-3 ( +5 / -8 )

Posted in: Fitch lowers credit outlook on Japan to negative on COVID-19 impact See in context

kurisupisuToday  05:32 pm JST

@Larr Flint

You are suggesting to buy gold now?

The time to have done that has long gone....

It doesn't matter if you invest in Gold now or in 10 years. Gold is a storage of value. The best example I read about is:

"In 1925 Ford T-Model cost 260$ and gold price per ounce was $20.67. So you needed roughly 12.5 ounce of gold to buy a Ford T-Model. However, nowadays everyman car Ford Fusion cost 22 000$. If you still have that 12.5 ounce of gold times the price of gold now (1950$?) 24 375$"

It doesn't matter if the price of gold is 10 000, 20 000$ because Gold value didn't change. The value of dollar decreased. So actually the money you hold now is worth less because you have to pay more for Gold.

It's going to continue. Cheers mate.

2 ( +3 / -1 )

Posted in: Fitch lowers credit outlook on Japan to negative on COVID-19 impact See in context

Well, I'm not surprised at all, Japan had that problem for a very long time but CoronaVirus finished what the bubble in 90s couldn't do. It's time for new Japan, but this will take ages to build, since mentally the Japanese people are not ready for this change, they want life-long employment, 4 bonuses a year (just for coming to work on time), social benefits and God know what else.

Well, I can tell you those days are long time over. If you would take it in 90s as an Adult we would be in different situation, but look 2 trillion here, 5 billion there, X million for Dentsu etc. Yayaya you can't buy everything that would be communism, but wait isn't it?

Anyway guys, take care of yourself and my advice is to transfer your money to the USD or Gold, Silver anything else before Japanese monetary system will collapse. The end of September is last month for government aid.

-2 ( +6 / -8 )

Posted in: 2021 Tour de France moved forward to avoid Tokyo Olympics clash See in context

Well, I think Tour de France should be Tour around the France not tour around the world. What Mount Fiji has to do with race?

-5 ( +0 / -5 )

Posted in: Osaka to ask citizens to avoid drinking in groups of 5 or more See in context

Good move, limiting tables to 4 in the crowded izakaya will decrease a danger of being inflected.

-2 ( +2 / -4 )

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