nigelboy comments

Posted in: Japan wins partial WTO victory in S Korea duties case See in context

But it also threw out some of Japan's claims of alleged breaches.

Irrelevant. It's not a numbers game. It's the final determination and recommendation by the Appellate Body that counts.

"....8.5. Pursuant to Article 3.8 of the DSU, in cases where there is infringement of the obligations assumed under a covered agreement, the action is considered prima facie to constitute a case of nullification or impairment of benefits under that agreement. Accordingly, to the extent Korea has acted inconsistently with certain provisions of the Anti-Dumping Agreement, we conclude that Korea has nullified or impaired benefits accruing to Japan under that Agreement.

8.2 Recommendation

8.6. Pursuant to Article 19.1 of the DSU, having found that Korea acted inconsistently with certain provisions of the Anti-Dumping Agreement, we recommend that Korea bring its measures into conformity with its obligations under that Agreement....."

The report of the Appellate Body will be officially adopted by the WTO Dispute Settlement Body (DSB) within 30 days.

Japan demands that the ROK to promptly implement the recommendations presented in the report and to immediately eliminate its measure (anti-dumping duties) that the Appellate Body determined to be inconsistent with the Anti-Dumping Agreement.

Japan will have a right to invoke countermeasures in line with the procedures under the WTO Agreement if the ROK fails to implement the WTO recommendations.

https://www.meti.go.jp/english/press/2019/0911_001.html

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

@nigelboy - again, you talk about sum spent per person PER VISIT due to relatively shorter stays by visitors from SK, ignoring the total sum spent being greater through more frequent visits.

Not really. How should I put this mildly?

Koreans constitute 19% of the total visitors to Japan. On the other hand, total sum consumed by Koreans is only at 9.6% of the total.

http://www.mlit.go.jp/common/001299606.pdf

Quality versus quantity. If the Japanese government thought this though, Koreans are essentially a space hogger in an overcrowding tourists situation in Japan. I thought I made that clear.

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

 Overcrowding? Does an international visitor staying for 5 days per visit and visiting 3 times a year crowd the streets of Japan anymore than a visitor staying for 15 days, once a year?

Yes. Overcrowding. Wouldn’t it be nice for instance, for Kyoto to have less travelers but spend a quite a bit more per person than having an overcrowded situation where 20% of them are simply cheap tourists who are essentially a space eater?

And restricting SK visitors would do wonders for Japan's travel account surplus wouldn't it.. further restrict visitors by adding visa requirements when visitors are already down.

Yes. While it may hurt short term, the long term benefit would be for more quality tourists to have access to Japan like lodging.

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

So who's cherry-picking the data to suit one's narrative?

Not really cherrypicking. Personally, the government should consider more on quality than quantity so to reduce over crowding. Hence, they should eliminate visa free status of Koreans and make them adhere to minimum financial requirements like the ones implemented for Chinese nationals.

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

A 7.6% drop in visitors from SK only resulted in a 0.9% reduction in tourist spending, because the overall foreign visitor numbers increased 5.6% in one month. If spending by SK visitors only was analysed, the drop would be closer to the 7.6% figure.

As the article indicates, it's a 0.9% reduction in " travel account surplus "- or the amount spent in Japan by foreign visitors minus that by Japanese traveling overseas .

Based on JNTO figures which also states 5.6% increase, there was also a 6.5% increase in Japanese traveling abroad. Hence, the major factor in the 0.9% reduction on the account surplus.

As for the Koreans not spending much, here it is. (Pg 3)

69,013 yen/person. Dead last. No nationality even comes close.

http://www.mlit.go.jp/common/001299606.pdf

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Posted in: Nissan chief Saikawa to step down Sept 16; successor to be named See in context

Now comes the most important issue. The way Ghosn (and his wife) are being treated. The ball is in Japan's court here.

If In fact the abuse SAR, which is essentially an internal executive bonus program, somehow violates parts of the Financial Instruments and Exchange Act, it would be an added charge to both Ghosn and Kelly as well as indictments on Saikawa and other executives who had received this benefit. Heck. Ghosn got 140 million yen extra.

My guess is that you haven’t read nor comprehended the recently issued internal audit report. What Saikawa dubiously received can only be categorized as a minor footnote as compared to the actions that Ghosn and Kelly arrogantly conducted.

But fear not. The lawyers of Ghosn will no doubt mention your support comments to him. ‘The ex-pat populace supports Ghosn.’ I’m quite positive that when he is absolved, he will thank everyone of you for your support.

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Posted in: Nissan chief Saikawa to step down Sept 16; successor to be named See in context

everyone pretty much are unified in saying much of the compensation system was setup under Ghosn instructions. so Ghosn set it up, Ghosn and Saikawa and maybe others profited from that system, yet Ghosn is the only one who went to jail over accusations he broke the law, yet Saikawa didnt!? Ignorance isnt an excuse in the eyes of the law

Nope. SAR is not a new concept but adjusting the dates unilaterally to the executives favor and withholding such info by Kelly and Ghosn was recently unveiled by the audit staff. But then again, this SAR is simply an internal bonus incentive program so I doubt if it violates any of the Financial Instruments and Exchange Act.

As to the internal audit report issued recently, it can be found on the Nissan website. What’s nice about this short summary report is that it highlights the misconducts of both Ghosn and Kelly (without indicating whether it fringes criminally).

So no. This isn’t about foreign execs getting the short end of the stick in Japan’s judicial system. This is about an arrogant foreigner whose ego got the best of him and convinced himself he was above the law.

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Posted in: Nissan chief Saikawa to step down Sept 16; successor to be named See in context

Well, you also wrote above that Saikawa "was a puppet with absolutely no skills, brains nor the character to lead a corporation." Why suddenly omit and/or play down your own negative comments about the man? As far as many people are concerned, you described Saikawa perfectly and being "just smart enough" was not the part they had in mind.

Huh? My negative comments regarding Saikawa was his inability to ‘lead a corporation’. Somehow you assume that graduating from a prestigious university teaches the ability to do lead a corporation.

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Posted in: Nissan chief Saikawa to step down Sept 16; successor to be named See in context

Not exactly a ringing endorsement of a guy who graduated from the University of Tokyo with a degree in economics. If Saikawa is typical of an economics graduate from Japan's top university, maybe Nissan's next CEO should be a foreigner or at least a Japanese person who completed her/his undergraduate education outside of Japan.

Like I said, just smart enough to not get involved heavily with Kelly-Ghosn dealings while reaping some benefits.

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

I meant, Koreans per person are dead last in the amount they consume while in Japan.

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Posted in: Diplomatic row with South Korea starts to hurt Japan's services account See in context

In July, the number of South Korea visitors dropped by 7.6% from a year earlier 

You’d figure that since SK visitors are the largest in terms of sheer numbers, the financial decline would be on par with the percentage but nope. Less than a percent. This essentially supports the figure published by the Japan Tourism Agency that Koreans are dead last in the amount they consume while in Japan.

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Posted in: Nissan chief Saikawa to step down Sept 16; successor to be named See in context

As for his guilt in this, it appears Greg Kelly is the architect behind the options illicit adjustment of maturity date, I am guessing the system was setup under Ghosn so executive can maximise remuneration without having to go through reporting process.

Whats not reported is that Ghosn himself received an additional 140 million yen as opposed to Saikawa’s 47 million yen under Stock Appreciation Rights (SAR). Can’t say that this abuse in this in house bonus program violates the Financial Instruments and Exchange Act but if it is, there is another charge added to Ghosn.

People on this site give too much credit to Saikawa as if he was also complicit in engaging in this fraud when the reality is that he was a puppet with absolutely no skills, brains nor the character to lead a corporation. He was just smart enough to not get heavily involved with Kelly-Ghosn deals.

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Posted in: Kono may move to defense in cabinet shuffle: report See in context

As I have explained before, Japan is blinded after the GSOMIA is terminated, and restoring it is the most important pending issue for Japan's national security.

".....South Korea’s satellite intelligence, after all, is limited to domains south of the military demarcation line. By contrast, Japan’s Self-Defense Forces have several intelligence satellites monitoring North Korean activity north of the military demarcation line....."

https://www.defensenews.com/opinion/commentary/2019/08/27/south-korea-is-playing-into-the-hands-of-north-korea-and-its-allies/

Doesn't matter. Knowing the current Korean administration, they would openly welcome NK forces to walk right in to Seoul with a red carpet since the U.S. forces essentially moved out of Seoul.

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Posted in: Nissan CEO Saikawa admits being paid too much by equity scheme See in context

Can anyone tell me, are they really the same thing, or is there a difference?

Stock Appreciation Rights (SAR) is essentially performance driven incentive for executives where the company sets the payout rates and schedules based on how much the stock appreciated. It’s strictly internal so what Saikawa did was purposely amended the option date to get a higher payout.

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Posted in: Nissan CEO Saikawa admits being paid too much by equity scheme See in context

Stock Application Rights (SAR) in question dates back to May of 2013. He apparently delayed it one week while the stock price was rising.

This was discovered as a result of their own internal audit.

Should be severely reprimanded by the Boad.

But no. It does not even remotely compare to what Ghosn is accused of.

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Posted in: Japan briefs diplomats on Fukushima plant's radioactive water See in context

Studies on tritium have shown that it is a mutagen and a carcinogen and that it is a danger to the fetus in the womb.

It is absorbed by the skin and can be carried in air by evaporation, absorbed into the lungs.

Was this information presented to the diplomats as a rumor or fact?

If that’s the case, Fukushima is the last thing they should be worried about since NPP around the world are releasing this stuff to the atmosphere everyday day for decades. (La Hague, France. Bruce Power, Canada)

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Posted in: Under-fire lawmaker hits back at criticism over S Korea war remarks See in context

I suggest you listen to one of your compatriot posters here on this site who previously admitted that individual rights to claim haven't been terminated by the 1965 agreement. Better still, maybe you should research your government's position prior to Abe's regime, which was consistently of the position that individual rights to claim haven't been extinguished.

It hasn't. The agreement simply calls for these frivolous lawsuits and absurd judgments to be that of the responsibility of the Korean government.

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Posted in: Japan briefs diplomats on Fukushima plant's radioactive water See in context

Tritium is not unique to Fukushima's melted reactors and is not harmful in low doses, and water containing it is routinely released from nuclear power plants around the world, including in South Korea, officials say.

Yep.

Korea’s Wolseong NPP and Kori NPP releases tritium into the ocean as well.

And just the other day, the Korean official had the nerve to summonhe Japanese Embassy in Seoul to explain the situation.

-1 ( +3 / -4 )

Posted in: Japan-S Korea spat an economic lose-lose for both countries See in context

Utter nonsense, there are millions of working Japanese that don't spend the above amount in a month.

We’re discussing about foreign tourists.

This article states,

”South Koreans were the second largest contingent of foreign visitors to Japan last year, just behind visitors from China, according to the Japan National Tourism Organization.”

My response,

Might want to mention that Korean tourists were dead last in consumption amount per person. Only 78,804 yen. By far the lowest.

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Posted in: Tokyo ranked world's safest city for 3rd consecutive year by EIU See in context

Never said they were, you are assuming otherwise. You can not be sure it was taken into account, unless you blindly believe everything the government puts out here, and if you do, then there is nothing anyone can do to help.

Hmm. That makes sense. NOT

Then why would the same government ‘puts out’ figures and statistics that puts Japan in a negative light?

Birth rate, aging population, low inflation rate, suicide numbers, and government debt ratio versus GDP.

Must be Jekyll and Hyde thing.

-3 ( +1 / -4 )

Posted in: South Korean leader says Japan dishonest over wartime past See in context

And let’s not forget that while Japan’s mainland was aerial bombed to ashes and even Okinawa as result of ‘Typhoon of Steel’, the Korean Peninsula was pretty much untouched.

Post war, with everything in tact, the Korean people couldn’t get it together and the pristine land was destroyed as a result of them fighting among themselves (Korean War).

With the armistice agreement in place, guess who funded the reconstruction of Southern part of the peninsula? You guessed it. It was the country that was in ruins just 20 years ago.

They don’t teach this in Korea.

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Posted in: Japan-S Korea spat an economic lose-lose for both countries See in context

South Koreans were the second largest contingent of foreign visitors to Japan last year, just behind visitors from China, according to the Japan National Tourism Organization.

Might want to mention that Korean tourists were dead last in consumption amount per person. Only 78,804 yen. By far the lowest.

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Posted in: Tokyo ranked world's safest city for 3rd consecutive year by EIU See in context

 know for a fact, from my father-in-law (former JP) my brother-in-law (soon to be former senior detective), cousin (beat cop), and a host of others, that everyday crime, is NOT reported in the news, and in particular, underage crime, is almost never reported unless the crime is particularly heinous.

No kidding. No rational adult would think that ALL/MOST crimes are reported on the news.

These statistics and surveys are based in a large part, on REPORTED crime statistics, statistics put out by the government.

No kidding. That’s how criminal statistics comes from. I’m quite sure this EIS report took those into consideration.

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Posted in: Tokyo ranked world's safest city for 3rd consecutive year by EIU See in context

UNDER-REPORTED

Perhaps now, someone could kindly provide us with ‘Figures of Under Reported Crimes In Major Cities’. Must be there since many posters in this site has stated this phenomenon for over a decade.

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Posted in: Yahoo Japan to end ivory trade on its websites See in context

Note that the pressure is not from the Japanese government but conservationists. Does this mean Yahoo! was not breaking any laws? If not, where is the law enforcement on ivory smuggle via Yahoo! ?

Buying and selling ivory products within Japan is not illegal. Ivory inventory in Japan was obtained legally as per my post above. What’s happening here is the since China has outlawed it, there are Chinese nationals who are buying this from Japan and trying to smuggle it into China.

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Posted in: Yahoo Japan to end ivory trade on its websites See in context

Something about these 3 things don’t add up. Of course traders are breaking the rules. There is no way the current stockpile is from 1989 or 1990. Also, if that were the case, how many elephants were killed to get such an enormous stockpile?

From Japan joining the Washington Treaty in 1981 to the actual ban on 1990, Japan imported 2006 tons. This is recorded in CITES trade data base.

Two more special import permits were granted by Washington Treaty Conference totaling 89 tons.

https://www.env.go.jp/nature/kisho/zougetorihiki/FAQ_on_ElephantIvory_JP.pdf

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Posted in: S Korea summons Japanese ambassador as export trade curbs take effect See in context

WTO rule prohibits artificial export control.

As opposed natural export control?Lol.

All Japan has to do is to show how incompetent Korea were in export controls and was not up to the standards set by Japan. Three years of refusing Japanese requests won’t help. 156 export violations won’t help. Removing Japan off of their white list would certainly make them look like a biggest hypocrite.

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Posted in: S Korea summons Japanese ambassador as export trade curbs take effect See in context

Deputy National Security Adviser Kim Hyun-chong said South Korea may reverse a decision to scrap an intelligence-sharing pact with Japan if Tokyo corrected what he called "unjust measures".

"I want to stress the ball is in Japan's court," Kim told a news conference.

Ball is still in Korea's court. It's quite laughable that this moron thought GSOMIA is a card they could use against Japan.

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Posted in: U.S. approves $3.3 bil sale of anti-ballistic missiles to Japan See in context

Japan will buy up to 73 of the Raytheon-made SM-3 Block IIA missiles,

As a footnote, this is a joint development with Mitsubishi Heavy Industry.

Abe was on the fence until the day he looked lovingly in Trumps eyes and said "Yes, master!" when Trump told him to buy 120 fighter jets.

This was already pretty much decided in December of 2013 in their Medium Term Defense Program where they wanted to replace the F-15 which was considered unsuitable for modernization. Trump had very little to do with it but he sure did make it sound like he made the deal happen. But then, who cares about relevant background and facts? It's how you present it that's most important to Trump because he knows that the voters are gullible. Didn't expect it would work on non-American posters here though.

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Posted in: Estimates cast doubt over Japan's public pension sustainability See in context

This much is exactly right. Some people seem to be deluded into thinking that what they pay in, they get back out later. But no, that's not how a pay-as-you-go scheme works (and obvious when one considers one may die before receiving it all back, or living for a really long time). The answer is not to deny or complain about it this reality, the answer is to abolish the pay-as-you-go scheme and introduce one of better design that ensures all elderly are provided for adequately.

Statistically, that’s what’s been happening. What the older generations paid in is far less than what is paid out to them hence the deficiencies. Compounded by extended life expectancy, deflation, and population decrease (decreasing working population contributing the premiums )

Better design, as you put it, is simply levying more taxes.

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