Namorada comments

Posted in: BOJ plans to experiment digital yen with megabanks next spring See in context

It is all just a ploy to get people to spend money. For some people, it won't be a problem but for a large number of people, debts will become a huge problem.

2 ( +3 / -1 )

Posted in: Kishida pinning hopes on big-spending tourists to revive economy See in context

Notice a lot of people are downvoting a lot of fairly reasonable comments, but not really offering up any reason to believe that the above comments aren’t accurate.

Japan has never been pro-tourists.

Chinese tourists provided the bulk of spending if any.

Americans are the only ones with the real cash to spend and they don’t buy that much and they certainly don’t care for masks.

The government has been asking for wages to be hiked since Abenomics was started and so far there’s been little change there.

So, a lot of what Kishida is offering is meaningless actions.

Feel free to downvote, but at least offer up something in the process cause at the moment it just seems like people dislike having reality presented to them.

1 ( +8 / -7 )

Posted in: Japanese household assets stand at ¥2,007 tril as of June See in context

I would like a breakdown of these numbers. Who all is holding this cash?

It certainly doesn’t include a majority of people 45 and younger.

I suspect this is also why certain generations (older ones) are opposed to the MyNumber system. It might reveal that they hold a lot of wealth and do not need to stick it younger people with cheaper visits to the hospital or higher pension payouts funded on the backs of workers.

3 ( +5 / -2 )

Posted in: Kishida cabinet support rate drops to 40.2%: poll See in context

The only thing Abe successfully accomplished was showing how deeply connected the ruling party is to the Unification church.

Abenomics did nothing except leave us with Kuroda and his bubble era ways of thinking.

Buttering up Trump really did nothing.

Territorial issues, kidnappings, etc…all a big pile of nothing really.

So taxpayers should fund some funeral for a guy who was born with a silver spoon in his mouth?

0 ( +0 / -0 )

Posted in: Japan saw fewer than 400,000 births in Jan-June period See in context

Just in time for the new law requiring everyone to join Japan’s broken pension system. I can watch what little spending cash my wife and I have be sent to the elderly who, for the most part, are loaded.

What with salaries stuck in place, the wife and I aren’t going to be having kids at this rate, unless she agrees to move back where I can get a higher paying job and the cost of raising a child isn’t so prohibitive.

-3 ( +3 / -6 )

Posted in: Higher restaurant prices add to pressure on consumers in Japan See in context

I used to go out to eat at least 2-3 times a week. Even during the pandemic, I would still order take out. However, with the yen decreasing the value of the money I send home, prices rising and salaries unchanged for years, and now some new government change requiring everyone to get on the national pension plan in order to support the elderly, my going out will be reduced to about once a month if I can swing it.

Maybe, the people need to start telling the government enough unless they start leaning on companies to hike wages or face tax hikes themselves.

2 ( +6 / -4 )

Posted in: Japan to remove entry cap in 'not-so-distant future,' official says See in context

Not that I want to see all the tourists back, it is obvious that the yen isn’t going to stop its free fall until demand increases and most domestic consumers are being bled dry or are already tapped.

13 ( +16 / -3 )

Posted in: 'Passengers who don’t want to be groped, please use the rear train cars' announcement angers many See in context

As a male, I would be very curious to hear what women want to happen and what would help them feel as safe as men feel when they ride the trains or walk through urban areas.

It is obvious that what is being done is not fixing the problem. I have seen women opt for car 9 despite car 10 having more room and only women and the answer often given is: it’s convenient.

I don’t blame them. Why should a woman feel like she needs to go to a specific car and sacrifice convenience for safety. And it isn’t just trains. Nearly every time I walk through one of the larger central Tokyo stations, women are constantly being approached by the sleaziest of men trying to give them “work” while they’re simply trying to get to their destination.

I do not think that Japan is the worst place for women to live. It has some features that women around the world would envy, but more can and should be done.

So, I do think it is time for women to be given a microphone and the attention of a nation willing to put an end to this garbage.

-1 ( +2 / -3 )

Posted in: Japan says it is ready to take action as yen dives See in context

Pretty sure that most people could stomach a falling yen and rising prices if salaries actually moved in a positive direction allowing consumers to drive the economy through increased demand. Instead, they’re pushing the shrinking number of 25-65 year old consumers to tighten their belts at a time when they’d otherwise would be spending if they could count on wage increases.

2 ( +2 / -0 )

Posted in: Japanese, S Koreans see each other more favorably, poll shows See in context

While not particularly unique, I have a Korean friend who constantly checks out various forums, Facebook posts, and so on which only serve to feed his fears. He won’t travel very far from his apartment or workplace and he prefers being in groups of Japanese in which he can blend in over groups that have foreigners which might draw attention. He tells me how Koreans are discriminated against by various shops, areas of japan, the police, etc and he is afraid.

While I am aware that discrimination exists, I do think that if one actively looks for evidence that you’re at risk, you will find it. It is sad, cause I have watched him descend into this pit of fear over the years and there’s not much anyone can say as the word of his countrymen holds so much weight.

I wonder how many other Koreans who move to Japan end up becoming this afraid.

0 ( +1 / -1 )

Posted in: Bank of Japan sticks to easing, raises inflation forecast See in context

Well, given that salaries haven’t budged for almost 15 years, I do not see me buying anything unnecessary for the time being.

All I keep hearing is how great this will be when some companies repatriate their money. Good for them. It won’t boost consumer spending. Never understood how businesses or the government seem to think that consumers aren’t also workers.

3 ( +3 / -0 )

Posted in: Civic group asks court to halt state funeral for ex-PM Abe See in context

Signed the link.

Not sure how 75,000 citizens will change the mood of some dinosaurs hellbent on raising Abe to deity status. He didn’t deserve to be assassinated, but I didn’t agree with any of his policies, found his response to pandemic to be another way to fleece taxpayers and so on.

He comes from wealth and the party has plenty of money. Let them pay for it.

7 ( +10 / -3 )

Posted in: Kremlin slams Japan's 'unfriendly' stance amid G7 oil price cap talk See in context

Is any of this really effective?

Russia is still continuing its foolish efforts in Ukraine, prices around the globe are rising and some nations are running out of food and money.

I am sure there are greater minds out there, but I do wonder if there are better options.

-2 ( +6 / -8 )

Posted in: Tokyo school swaps fresh fruit for jelly as food prices soar See in context

This is the inflation Kuroda so desperately wants all so some export companies can get higher profits?

Salaries aren’t going up and schools are being forced to choose between making cuts to nutritional lunches and charging parents more?

It seems like the government really doesn’t have its priorities straight.

9 ( +13 / -4 )

Posted in: 1 in 4 singles in 30s not willing to marry: Japan gov't survey See in context

Of the individuals who are not getting married or don’t want to get married, what percent of them are part of the LGBTQ+ community (openly or not)?

Additionally, I suspect sexlessness is a huge problem as well, whether you’re a man or woman. I meet a fair amount of men who say they are in a sexless relationship (I suppose the women are in a similar boat). These people probably have lost any spark if there ever was one. And while I can’t speak for the women, I do know of several men who not only seek out pleasure with other women (something that has been fairly common), but also with men due to the convenience and novelty of the situation.

For Japan to reverse the single-hood trend, a lot more than recommendations will need to happen.

-Salaries will have to rise (for everyone)

-Working hours will have to fall

-Communication within the relationships will have to improve

-Old expectations need a rethink

-Childcare/Elderly care facilities will have to increase and become affordable

-Education costs need to fall

-Modernize name policies

-Encourage the youth to move out earlier

Increase tolerance of all relationship styles

There are plenty more, but Japan doesn’t seem to be moving forward on much of anything. However, the reports seem to come out fairly regularly. If they’re not gonna fix anything stop wasting money on the reports then.

3 ( +10 / -7 )

Posted in: BOJ's commitment to easy policy keeps yen on relentless slide See in context

A weak yen policy is so outdated it is hardly laughable anymore. The elderly remember fondly a time when a weak yen meant great profits.

Of course this was before cheaper competitors came along, before export industries moved factories overseas and before a lot of people who are struggling to get by were even adults with jobs.

The Nikkei already stated that a weak yen has diminishing returns compared to 2010 or something like that, almost half the return it used to have.

Time to change the record Kuroda. Japan’s economy will only grow if there are higher salaries, some sense that there is a future beyond the immediate present and more investment in R&D. Instead the government just pursued a weaker yen and companies hoard cash.

4 ( +4 / -0 )

Posted in: Japan unveils ¥6.2 tril package to soften impact of Ukraine war See in context

So let me get this straight.

Kishida and Kuroda will continue their rhetoric on the rapid fall of the yen while also saying that the BOJ should continue its efforts to reach the 2% inflation target even if that is due not to demand and rising salaries?

What meaningless garbage! The only people that buy that talk are the same people who continue to put these clowns in office.

The falling yen value has had diminishing returns for export companies as most of them have sent their operations abroad. Additionally, it’s not like they invest that money into their workers or newer products that might boost demand. So who is benefiting from these policies? No one. Just a bunch of deluded old men who long for the days before the bubble burst.

12 ( +19 / -7 )

Posted in: IMF says yen's rapid slide may hamper Japan's post-pandemic recovery See in context

I want the media to report on the diminishing returns of a weak yen for Japan’s exporters. The BOJ and common wisdom among Japanese is that exporters will benefit and so will the rest of Japan.

However, Nikkei suggested there has been benefits as more and more blue chip companies are moving industries overseas.

In fiscal 2022, pretax profits are expected to rise by 0.43% across 200 Japanese blue chip companies for each 1 yen weakening by the home currency against the dollar, according to data compiled by Daiwa Securities. This is roughly half the 0.98% boost from June 2009, following the global financial crisis.

So Kuroda and the BOJs entire strategy is based entirely on an outdated Showa mentality, which is hurting all of us and designed only to give the BOJ “proof” that their policies are working.

7 ( +14 / -7 )

Posted in: Record-low yen risks turning Japan into a 'poor country' See in context

Japan’s media needs to start reporting about the diminishing returns of a weak yen. The nikkei did an excellent article about this and I have yet to see others reporting on it. The benefits of a weak yen to export companies were higher 10 years ago than they are now. Better minds with the time to sift through the data should be doing this and asking is the BOJ’s one-track focus on raising inflation doing more damage than good.

4 ( +14 / -10 )

Posted in: Japan to lift COVID nonresident foreigner entry ban for 106 nations; tourists still barred See in context

The rules are not very clear. Someone always knows someone who did this that or the other.

It would be nice if there was a lot more clarification.

17 ( +19 / -2 )

Posted in: High raw material costs plus weak yen threaten Japan's recovery from COVID See in context

Robert Mang:

A weak Yen is not all bad news. It's good for exports, and Japan exports a lot. It's also an incentive for foreigners to come and spend... that is if they were allowed to enter the country!

Maybe when Kuroda was a spring chicken a weak yen really helped export companies, but most of those companies have moved their manufacturing overseas (Mazda, Panasonic, Bridgestone, to name a few), so that they can reduce their exposure to forex risks. In fact, Japanese blue chip companies see less benefits from a weak yen than they used to see. According to the nikkei, 2022 profits will rise by 0.43%, however, in 2009, they rose by 0.98%. Clearly, a weak yen policy has diminishing returns for Japanese export companies. Kuroda and the rest of Japan’s dinosaurs need to stop trying to relive the glory days and come up with something new. The Showa bubble ain’t coming back.

6 ( +6 / -0 )

Posted in: High raw material costs plus weak yen threaten Japan's recovery from COVID See in context

So tired of the single minded weak yen policy.

"It's not just exporters that are leading the Japanese economy. The service sector accounts for 70 percent of gross domestic product," Sakurada said at a recent press conference. "The service sector is not necessarily structured in a way that welcomes a weak yen."

This policy is outdated only serves to make Kuroda look like he has inched closer to accomplishing his target of 2% inflation based not on actual growth but a simple numbers game. One which relies on a weak currency, government spending, increased taxes, and low wages. Not domestic demand.

Between 2005 and 2019, manufacturing output in Japan per worker grew by 25%, while wages grew at about 1%. In contrast, Korea, which allows its currency to rise in value saw output rise by 57% and wages climbed by 52%. Like Japan, Korea has an elderly population, but domestic demand is high. To be fair, Korea has problems, too.

However, a weak yen is not sustainable. It is hurting demand, export growth doesn’t trickle down to medium/small domestic companies and their workers.

It is time to let the yen rise in value, let consumers drive domestic growth by giving them higher wages to spend, and let export companies start to compete without government support.

6 ( +7 / -1 )

Posted in: Trump 'guilty' of felonies, says prosecutor who resigned: U.S. media See in context

Is it willful ignorance on the part of some individuals posting here or what? The prosecutors resigned not due to a lack of evidence, but due to the Manhattan District Attorney Alvin Bragg deciding not to pursue charges.

7 ( +7 / -0 )

Posted in: Services open doors for minorities in Japan looking for housing See in context

The entire system is ブラック.

I help a friend on the side at the various properties they own/work with around Tokyo and let me tell you, the “ideal” Japanese tenants have the potential to be just as nasty as the other undesirable tenants they complain about so much.

They skip town without paying rent for several months, can’t separate their garbage if they ever throw anything out (ゴム屋敷), they smoke and let the walls get all stained, broken screens and cracks in windows, wallpaper damaged, tatami flooring that had furniture on it when it wasn’t supposed to, noise complaints from kids or couples fighting, televisions and radios too loud, pets that weren’t allowed damaging the property, smells coming from their rooms and so on.

Anyone in Japan who owns rental properties and complains about foreigners, LGBTQ+, the elderly, and so on but seems to hold other Japanese individuals up as model residents is acting bigoted. Percentage wise, the risk is not much different than that of the desirable Japanese. The undesirables are just much more memorable than your average Taro. That is the real shame.

4 ( +13 / -9 )

Posted in: Japan to gather foreign worker data for better support See in context

Not exactly sure why they’d want to know how much money we send back to our home countries. They already make the remittance companies ask the reasons for our remittances, so surely they know how much is going back.

6 ( +6 / -0 )

Posted in: COVID-19 restrictions on U.S. forces personnel in Japan to end Monday See in context

US forces are NOT the sole reason Omicron is spreading in Japan. US forces are tested more often than Japanese. They also get locked down unlike Japanese. Maybe Japan should be locked down like US Forces are, and see how they like it.

You are right. It is not just military personnel. It is also all those SOFA visa holders who live off base but got to go in and out of Japan and did not adhere to the other requirements that Japanese and non-Japanese foreign residents had to follow. No staying in a hotel for two weeks. No finding and paying for their own transportation to and from airports. Riding on public transportation like it was no big deal. Acting Americans by taking off their masks whenever they felt it was safe for them (not the others around them).

Frankly, if military members and SOFA visa holders want to travel outside Japan, they should’ve used military aircraft, flown between bases and quarantined on base for 2 weeks. Instead Japan in its naivety believed the off-base SOFA VISA residents would observe the rules. I saw no such behavior among the few individuals I know. Their lack of empathy and false sense of entitlement has been astounding.

1 ( +13 / -12 )

Posted in: Long wallet or bifold? What your wallet says about you in Japan See in context

It works both ways too. I would find someone who makes judgements about anyone based on something as simple as a wallet to be a vapid waste of breath. People need to stop caring what the vacuous bobble heads say.

10 ( +17 / -7 )

Posted in: Final valuation of Prince's estate pegged at $156.4 million See in context

Too bad that someone’s life will boil down to how much they are worth to others and the government in death…

As was said earlier, I’d rather see a news release regarding a new album than something that reduces him to numbers in someone else’s bank account.

4 ( +4 / -0 )

Posted in: Japan’s best-selling beer changing its recipe for first time in 35 years See in context

I don’t drink beer for the same reason that I drink wine. Most major beer brands have a consistent flavor that I can match with food easily and most alcohol drinkers will drink it at different events. I was a latecomer to the craft beer movement and by the time discovered it, there were really no entry level craft beers and the hops was getting out of control. So, now I’m not really a craft beer fan at all. Each glass or can is like playing Russian roulette. If Asahi goes this route with Super Dry, I’ll stop buying it entirely.

-3 ( +3 / -6 )

Posted in: Japan to allow in 87 foreign students, making exception to ban See in context

If the rules were consistent I wouldn’t care so much. Ban “non-essential” travel abroad for residents, yet let the US military and those with SOFA visas roam the world freely? Make an exception for 87 students? What is this?

Meanwhile I’m on a packed train with people sneezing and sniffling all over the place. No government is flawless and I accept that there needs to be room for mistakes and fixes, but Japan seems to just wing it.

3 ( +13 / -10 )

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