Septim Dynasty comments

Posted in: Japanese firms must address human rights in supply chains: UNDP director See in context

Meanwhile, Japan just paid Myanmar military junta with an exemption from US sanctions.

https://www.reuters.com/world/asia-pacific/japan-firm-got-us-sanctions-exemption-pay-myanmar-military-company-japanese-2023-01-27/

Japan does not give a damn about human rights like the US. Both US elites and Japanese elites are looking to comfortably retire outside of their countries once the West starts going down.

-9 ( +4 / -13 )

Posted in: Excess savings not helping consumers in Japan as inflation rises See in context

"Excessive monetization of debt not helping consumers in Japan as inflation rises" should be the title.

I perfectly understand why the BoJ does it. The Yield Curve was broken around last month to reach 1% which was alarming. If Japan's yield curve control is abolished, then the market will dictate the JGBs and Japan itself must service its bond repayment obligation which is impossible for the current level of debt. This will lead to the worst-case scenario that Japan defaults or the credit rating agencies downgrade Japan to a speculative level. The credit downgrade is the worst consequence imaginable as Japanese financial systems won't be able to rally finance sources from foreign currencies because the JGBs can't be used as collateral.

https://asia.nikkei.com/Economy/Bank-of-Japan/BOJ-unwinding-stokes-fears-of-government-bond-downgrade

The latter possibility is more probable because there was a Nikkei Asia article indicated how all Japanese banks are very close to being rated as speculative, and they're looking to exit from Japan.

https://asia.nikkei.com/Editor-s-Picks/Interview/Japan-s-SMFG-looks-outside-traditional-banking-for-growth-CEO

Anyway, Japanese people and companies are saving excessively because all of them are highly indebted, especially the companies. The companies likely have non-Yen debt obligations that have been compounding up since the bubble era. Japan Inc, the Ministry of Finance, and the Bank of Japan conceal this fact since they want to keep a good image to lure gullible Asian investors (mostly Chinese) to pump money into Japan. These Japanese companies are saving cash in Yen, not for investments, but for probably paying down the non-Yen debts of the bubble era to the new non-Yen debts.

The journey of YCC is coming to an end, so Japan will choose to either default, accept a credit downgrade, or both.

-8 ( +16 / -24 )

Posted in: Record 94% of Japanese 'do not feel friendly' toward Russia: survey See in context

It will reach 100% once Japan does something rash against China in Taiwan, then Russia will be forced to intervene.

Russia has already dealt a major blow to Japan by restricting fishing activities near the disputed seas, and now imagine that Russia will expand the restrictions beyond it. Japanese fishing industry will suffer greatly!

-7 ( +0 / -7 )

Posted in: U.S. tells owners to park old Hondas until air bags are fixed See in context

Japan's so-called "quality manufacturing" has declined so much due to the poor procurement of resources and quality control. I am not totally surprised at all!!

-2 ( +3 / -5 )

Posted in: Chinese balloon soars across U.S.; Blinken scraps Beijing trip See in context

There's something big on the horizon. Sec. Blinken has to cancel his trip to Taiwan at the last minute. From a few sources that I heard, Russia will execute a huge offensive near or mid of February. China will try doing something rash against Taiwan around the same period.

It's now clear to Beijing that the chance for peaceful reunification is impossible. Japan and South Korea should prepare for a year or more of an indefinite blockade from China. 70% of trade to both nations coming from Taiwan straight, so the blockade of Taiwan Straight and Luzon Straight will see a massive hike in oceanic shipping prices that will lead to price hikes for everything in both countries.

-4 ( +2 / -6 )

Posted in: Department store closes after 55 years See in context

Japanese are becoming too poor to shop at department stores even at prime locations.

Japanese ultranationalists around here are too proud to accept such a reality.

-2 ( +0 / -2 )

Posted in: 30-month sentence sought for ex-chairman in Olympic bribery trial See in context

In his closing statements, Hironori Aoki said, "I regret deeply. I apologize."

Every single time that any Japanese elite does wrong. Then, most of them walk away easily.

-5 ( +8 / -13 )

Posted in: Electric car sales gain pace despite hurdles See in context

Anyone can build an EV these days. The Vietnamese are making them in a US factory. The motors and batteries are mechanically simple, easy to manufacture and can be churned out of Chinese factories in vast quantities.

I would not say it is easy. EVs require higher sophistication in software and semiconductors that can be integrated into the future development of self-driving functions. EVs are more sophisticated than ICE cars in the level of software, computing power, and semiconductors. ICE cars are traditionally more difficult in the hardware parts.

EVs are increasingly more convenient and friendly to the environment.

The biggest problem with Japan is the procurement of core resources to build EVs or any car. Japan has been struggling to procure semiconductors and even metal resources. This is due to the weak Yen, and the decline of industrial competitiveness. China, India, USA, Vietnam, Indonesia are massively hoarding resources for their industrial capacity. Japan always comes too late! This is the true reason why Japan can't pivot to EVs, aside from the societal problem of guaranteeing full employment for everyone in Japan.

-9 ( +1 / -10 )

Posted in: Renault to reduce stake in Nissan, rebalancing alliance See in context

Renault should sell the rest of their stakes to Geely.

-1 ( +1 / -2 )

Posted in: Toyota world's top-selling automaker for third year running See in context

Nokia had the most sales figures of all time before the release of iPhone. Toyota will end up the same fate as it resists the EV revolution.

-4 ( +1 / -5 )

Posted in: Russia rules out talks with Japan on fishing near disputed islands See in context

Things will be much worse for Japan once the war in Taiwan breaks out soon. The shortage of everything will accelerate through a Chinese disruption in Taiwan straight.

Russia's fishing restriction is just the start of what will come to Japan.

-8 ( +5 / -13 )

Posted in: Magazine warns Japanese society on verge of becoming an 'income-based caste system' See in context

It's already a reality in Japan. The strange reality is that the rich elites of Japan are now mostly foreign. Primarily, Chinese to Taiwanese. After them, you have Southeast Asians. The Japanese elites now kowtow to these Asian elites for favors to stash their corrupt Japanese money in foreign lands.

Like the Kono family, it's rumored that they are lobbying for Japan to abolish the single citizenship rule to allow people holding dual citizenship, and the Kono family is just recently granted a favorable investment deal in China (less than 100 million USD which is a penny to Chinese elites). I learned this from an aide of mine.

I regularly read Yahoo News to see how many Japanese people complain that Asian elites buying up real estate assets to drive up the prices and rental costs. In restaurants, Japanese people sip cold noodles, while foreigners have expensive meals.

Japan's income caste system will resemble like British Raj in the future.

-8 ( +7 / -15 )

Posted in: Kishida's intention to raise consumption tax in focus at Diet See in context

LDP elites love destroying Japan before the eventual war in Taiwan.

-1 ( +2 / -3 )

Posted in: Dystopian Japan doomed to impotent stagnation if not ultimate extinction, says magazine See in context

Things will be much worse when the Taiwan crisis is going to happen. A supply chain crisis combined with the weak Yen and falling purchasing power will turn Japan into a poor country.

-8 ( +4 / -12 )

Posted in: Finance chief: Japan's fiscal health worsening on unprecedented scale See in context

The Japanese government is debt-ridden but it’s a debt the government doesn’t have to pay back. A sovereign state that issues its own currency can never run out of money. The MOF bureaucrats are taking advantage of the general public’s ignorance.

Hyperinflation is the consequence of monetizing your debt endlessly. The reason why Japan doesn't go under is that Yen and BoJ are intrinsically tied with the FED.

If Yen goes down, the USD goes down as well.

-2 ( +0 / -2 )

Posted in: BOJ undeterred by threat to consumers from above-target inflation See in context

A weak Yen is good for foreign elites desiring to buy up Japan.

-2 ( +0 / -2 )

Posted in: JCB launches #BetterWithOmotenashi campaign to drive brand awareness across Europe See in context

No wonder why Japan is declining. Even during the bubble era, Japan's financial industry can't still scratch the Western one. After the bubble collapse, Japan is just going down from there, and China/South Korea/Singapore whooped Japan very hard. Soon, it will be India and the rest of SEA to whoop Japan.

-14 ( +2 / -16 )

Posted in: Sakhalin exception: The Russian energy Japan can't quit See in context

The US doesn't let its vassals walk away from dealing with the enemies. The EU was forced to sanction Russia, while Japan and South Korea were granted an exception.

Simply, Japan and South Korea are forced to buy worthless US treasury assets. That's why they're exempt from sanctioning Russia.

Things will shift once the war in Taiwan starts around this year or next year.

-25 ( +5 / -30 )

Posted in: Japan Inc finally giving raises, just not to everyone See in context

Most Japanese are now members of the precariat. The country is getting poorer by the day and society is starting to break down. Japan Today seems reluctant to report on the gangs that are robbing (and killing) old people for a pittance in the suburbs. How desperately poor do you have to be to do that? I never thought Japan would get this bad -- it's really shocking.

They don't even report on much negative news that I regularly see on Yahoo News. Japan Today only shows a balanced perspective to its foreign audiences like it is being moderated by MoFA. Yahoo News knows that the country is going downhill every day, and Japanese commentators curse LDP elites and other elites daily over there.

-5 ( +2 / -7 )

Posted in: LDP lawmakers to set up group to promote Japan's defense exports See in context

Japan tries so hard to break into the defense industry when it can't even sustain its electronics and semiconductors industry which were once its core advantages. It barely sustains the automotive industry in the wake of the EV revolution.

As @SamitBasu said, Japan currently has no chance and should focus on being a world haven for tourists and foreign financiers.

0 ( +6 / -6 )

Posted in: Japan posts record trade deficit of ¥19.97 trillion in 2022 See in context

If a war in Taiwan happens soon, Japan will be the next Ukraine.

-3 ( +0 / -3 )

Posted in: Tokyo shares jump after Bank of Japan keeps policy unchanged See in context

The weak Yen is back again.

-2 ( +0 / -2 )

Posted in: Nissan, Renault near rebalancing of alliance See in context

If it wasn't for the Ukraine War, France would have dragged this on for years instead of capitulating like this.

After this case, foreign investors will likely think twice about investing in Japan unless it's a complete takeover. Renault's mistake was not pursuing a complete takeover earlier.

I know Chinese clients in Osaka aggressively buying out all Japanese companies (very old) instead of entering into any partnership. Their methods are not orthodox but this is at least something that Renault could learn.

-10 ( +14 / -24 )

Posted in: Japanese company defends Van Gogh ownership after lawsuit See in context

Now they have to just be content with squeezing Japanese workers and consumers for all they are worth with the help of their LDP partners.

Yep, it's the life cycle of serfdom in a neo-feudal Japan that has been continuing uninterrupted.

I imagine much of Japan Inc. pines for the day when they were gobbling up premium real state and treasures abroad.

Ironically, these Japanese elites now become servants to the Chinese, Southeast Asian, and Western dark money. I have a real estate agent in Kyoto and Osaka telling me how the Chinese gobbled up everything but no one in the Japanese population knows because of a secretive network of "avatars" holding those assets. Many old-aged companies are now owned by the Chinese.

Japan has ironically become a paradise for foreign vultures and elite dark money.

-11 ( +11 / -22 )

Posted in: Prison terms to be finalized for couple in Abe cronyism scandal See in context

Abe's administration is the most openly corrupt one in Japanese post-war history. It also reveals to us that Korean cultists control the shadow politics of Japan.

3 ( +7 / -4 )

Posted in: Toyota plans to test liquid hydrogen car in 2023 endurance races See in context

Toyota will never give up on Hydrogen again!

-3 ( +0 / -3 )

Posted in: The yen is creating a lot of interest in investing in Japan, particularly in real estate. With a lot of the concerns in the market about interest rates and inflation, Japan is a market that, historically and currently, has very attractive and low-interest rates and low inflation. See in context

Japanese households are much wealthier than the data suggests and there will be a massive generational wealth transfer coming up soon so asset prices should explode in the coming decades.

You forgot about the insane tax rate.

-1 ( +2 / -3 )

Posted in: Japan, U.S. to hold security talks before Kishida meets Biden See in context

Kishida is going to beg his bosses.

-2 ( +0 / -2 )

Posted in: U.S., Japan launch task force to tackle forced labor in supply chains See in context

The window dressing of a plan.

-2 ( +0 / -2 )

Posted in: Yen set for turnaround in 2023 after slide to 32-year low against dollar See in context

If the war in Taiwan breaks out next year, things will be much more worse for Japan.

-4 ( +0 / -4 )

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