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nonu6976 comments

Posted in: What is the average salary in Japan in 2024? See in context

I don’t believe these numbers at all. Finance only 6.5m? - you will not find a salary that low at any investment bank. Even new grads start higher than that.

-1 ( +4 / -5 )

Posted in: Yen falls to lower 155 zone against dollar after suspected intervention See in context

Article completely leaving out that the BOJ intervened again.

18 ( +20 / -2 )

Posted in: Yen sinks to 34-year low past 160 per dollar See in context

Gold is one option. Up 26.5 % YTD in yen terms.

dirt is up YTD in yen terms.

1 ( +9 / -8 )

Posted in: Yen sinks to 34-year low past 160 per dollar See in context

Good assessment. So, where to put our quickly devaluing yen?

I don't have a lot of yen (just from salary basically) - all my cash is in other currencies, but if I did have a lot of spare yen, I'd be more buying BTC.

-6 ( +2 / -8 )

Posted in: Yen sinks to 34-year low past 160 per dollar See in context

Dollar Yen at this moment is 157.13¥/$

yep, BOJ has stepped in and is selling USD and buying yen - this is just a bandaid, and it will fail just like all the previous times.

9 ( +13 / -4 )

Posted in: Yen sinks to 34-year low past 160 per dollar See in context

Bad for the world actually.

For those of you are do not get it yet, the 'yen carry trade' which has been responsible for most of the worlds liquidity for the last 30 years is about to blow up. The yen carry trade is when investors (mostly foreign) borrow trillions of yen at very low rates, and then purchase US treasuries paying a higher rate. The spread (profit) is what they then use to buy equities, real estate, anything....

This has only been possible because Japan has been in deflation the last 30 years - now it has transitioned to inflation meaning the BOJ needs to raise rates or run the risk of inflation getting out of control. This means the spread between the borrow rate in Japan vs the buy rate in the US shrinks. This means you effectively take trillions of dollars out of the global economy. What do you think has been propping up the US stock market for the last 20 years? - yen!!!

We are headed for a global recession, if not worse.

-7 ( +11 / -18 )

Posted in: Yen sinks to 158 range against dollar in New York See in context

Obviously some salty folks here who are all tied up in yen.

-7 ( +9 / -16 )

Posted in: Yen sinks to 158 range against dollar in New York See in context

Aussie dollar is now 103 to the yen. Whatever country you are from, your JPY has lost 10 to 50 percent in value over the past year compared to your own currency. Prices continue to rise here, taxes continue to rise and the BOJ continues to do nothing. Never mind trying to attract skilled workers, even unskilled ones have zero reason to come to Japan. Thank goodness all my cash is in Aussie and NZ dollars. I feel very sorry for anyone hold large amounts of yen as you have been royally screwed.

-13 ( +13 / -26 )

Posted in: Former PM Taro Aso looking to meet Trump during New York visit See in context

Maybe Aso can drop him off and pick him up from the court house each day.

He can could even bring Trump a morning "cofeffe" so he stops dozing off in court.

1 ( +6 / -5 )

Posted in: Ohtani hits 175th home run in Major League Baseball, tying Matsui for most by a Japanese-born player See in context

@stickman

He literally gave his mobile devices to the FBI, and they confirmed he’s done nothing wrong. It was already explained how Ippei disabled the withdrawal alerts from the bank, and how he impersonated Ohtani over the phone to confirm withdrawals with the bank.

What exactly are you unclear on?

6 ( +9 / -3 )

Posted in: Iniesta reportedly pays back extra tax owed in Japan See in context

Thats one thing I am confused about - if you live in Japan for say 5 years, and half way through your 6th year, you leave Japan and go back to your home country, the following year, do I pay the Japan tax authority on money earned until the day I Ieft Japan, or can I just pay it all to my home countries tax authority?.

4 ( +4 / -0 )

Posted in: MLB launches investigation into Ohtani interpreter Mizuhara over gambling reports See in context

The payments came from Ohtani's bank account - that is not in dispute. So either Ohtani paid the debt on Mizuharas' behalf, or Mizuhara illegally gained access and transferred the money himself. It's difficult to believe would pay a $4m gambling debt on his behalf - that would be illegal. I suppose Miizuhara could have represented the debt as something else. Personally, I hope he just stole the money, and he goes to jail.

-4 ( +4 / -8 )

Posted in: Iniesta, 2 other foreign soccer players allegedly fail to declare income See in context

lol - if they have already left Japan then there is no chance of getting them to pay.

5 ( +7 / -2 )

Posted in: Japan aiming for wealthy Asians to visit rural areas near 2025 Expo See in context

visit and see/do what exactly? - I'm sorry but if I have a couple million yen to spend on sightseeing, I certainly would not be spending that in rural Japan.

4 ( +22 / -18 )

Posted in: Man arrested after fatally hitting mother, child with car in Tokyo See in context

Sounds like neither party was aware of the other. If he was backing out, he's unlikely to be have traveling even remotely quickly, yet both are dead - a little unusual I think,

11 ( +15 / -4 )

Posted in: Bitcoin surpasses $41,000 for first time since April 2022 See in context

@tokyoliving

Hard to understand your issue here. Yes, the bubble inflates, then bursts, but if you simply buy when it’s already burst and sell once its inflated, you can make a lot of money.

4 ( +4 / -0 )

Posted in: Undeclared income of Japan's wealthy hits record high See in context

Oh, I should also mention this is why I have not taken any inheritance yet, as the tax man here would take 40% of it. I will wait until I return home as there inheritance tax is zero.

2 ( +4 / -2 )

Posted in: Undeclared income of Japan's wealthy hits record high See in context

Last year I had to pay over 20m in taxes on undeclared income, both here and overseas. The overseas income was dividends and bank interest income. I was paying tax on that income overseas, but because Japan

has incredibly high tax rates, I still needed to pay the difference to the tax man here. I was required to provide 5 years of overseas bank statements btw which is why the amount was so high.

How did this all begin? - the tax man noted they could see what looked like dividend income coming into my overseas bank account, and the reason why they knew about that account, is I transferred money from my Japan account to it. Once they have that, they can view transactions to/from that overseas account. Beware….

4 ( +5 / -1 )

Posted in: 3 men arrested for stabbing high school student in Tokyo in August See in context

Huh? - the leg was the easiest target? - 3 guys surrounding 1 but between the 3 of them only the leg was vulnerable?

What about after they stabbed him in the leg, and he was now maim - they simply forget to stab him in the chest? ]]Yeah, ok...

-7 ( +0 / -7 )

Posted in: 3 men arrested for stabbing high school student in Tokyo in August See in context

@Nihon Tora

I think you miss the point - although you could kill someone by severing an artery in their leg, if you were attempting to kill them, you would stab them in the chest/head/neck/back...not the leg. Clearly, they were not attempting to kill him.

-7 ( +0 / -7 )

Posted in: 3 men arrested for stabbing high school student in Tokyo in August See in context

Attempted murder for stabbing someone in the leg?...ok.

-11 ( +1 / -12 )

Posted in: Russell Brand accused of sexual assault on set of 'Arthur' in 2010 See in context

Jimmy Savile assaulted children, who were no position to stop it, complain about it, and probably not even understand fully what was happening. This is a grown women - it's a fair question to ask why she did not make this accusation at the time to authorities. Any person who waits 13 years to claim assault should fully expect to be asked that question and they should understand, that if 13 years later, they then raise it, it will be met with skepticism by some. That doesn't mean it didn't happen, but they should not be so naive as to expect people to just believe them.

-3 ( +12 / -15 )

Posted in: FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers See in context

@john

literally your entire post is factually incorrect.

0 ( +3 / -3 )

Posted in: FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers See in context

His parents should go to jail as well.

-5 ( +1 / -6 )

Posted in: Foreigners are not just ways to make up for a labor shortage. I want employers to think of them as colleagues who will live and work together in Japan. See in context

....workers have been choosing European countries, the United States, Dubai, South Korea, Taiwan and elsewhere because they can get higher pay.

true, and with the yen turning into a 3rd world currency, it will only get worse.

-3 ( +12 / -15 )

Posted in: Israeli airstrikes level apartments in Gaza refugee camp, as ground troops battle Hamas militants See in context

For every Hamas member that is killed, 20 civilians are killed and almost half of them are children. How can anybody justify that?

7 ( +22 / -15 )

Posted in: Huge expectations for All Blacks-Springboks showdown See in context

It's going to pour done in Paris, so expect it to be a slugfest. If it was a hard and dry track, then NZ would win comfortably I think, but with the rain, the Boks will fancy themselves.

0 ( +1 / -1 )

Posted in: South Africa selects Pollard to start in final and goes with high-risk 7-1 bench See in context

Could be right, but forecast is for rain, which I think the boks will be happy about.

0 ( +0 / -0 )

Posted in: Asian shares slip further as higher U.S. 10-year Treasury yield pressures Wall St See in context

Said no one in business ever.

You looked at the DXY chart lately - do you even know what that is?

0 ( +0 / -0 )

Posted in: Asian shares slip further as higher U.S. 10-year Treasury yield pressures Wall St See in context

Bitcoin… no thanks. It’s just worthless data in the long run.

Yeah, thats why Blackrock, the worlds largest (10 trillion dollars) asset manager, just 2 months filed for a btc ETF. They know whats coming.

Gold… if I want to preserve, it is gold that I would look at.

Um, you might want to look at this chart.

https://charts.woobull.com/bitcoin-vs-gold/

0 ( +1 / -1 )

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