TravelingSales comments

Posted in: What do you think about Japanese beer and beer-like drinks? Tasted anything you like? See in context

99% are boring bland junk. But recently the 1% has gotten pretty good - craft breweries like Bairds & Shiga Kogen are great.

3 ( +3 / -0 )

Posted in: Trump wins White House; Clinton concedes defeat See in context

"Trump was my preferred choice of the two, but if there was a third choice, I would have chosen Crusty the clown over both of them"

There were third, fourth & fifth choices. More than 5 million people voted for Johnson, Stein or McMullin.

-1 ( +1 / -2 )

Posted in: Trump wins White House; Clinton concedes defeat See in context

24 hours ago I wouldn't have believed it. Obamacare is dead, the Supreme Court is safe, the IRS will stop targeting people for their political views, Washington will have less control of our lives.

It's morning in America again!

0 ( +9 / -9 )

Posted in: Trump edges closer to White House win See in context

Clinton just conceded!

5 ( +6 / -1 )

Posted in: On Nov 9, tens of millions of Americans will awaken to the realization that someone they loathe will be the 45th president of the United States due to the bitter political divide in the country. How c See in context

Reduce the power of the Federal government and give more power back to the states and to the people so that Washington politicians will matter less.

0 ( +1 / -1 )

Posted in: Tokyo makes new bid to be Asian business capital See in context

Obviously the foreign executives will want to come here to pay a 55% marginal tax rate rather than paying 16% in HK, 18% in Korea or 20% in SIngapore. Who wouldn't?

10 ( +12 / -2 )

Posted in: Secondhand smoke linked to higher risk of stroke See in context

Why can't the smokers just inject the nicotine, like all the other druggies?

3 ( +3 / -0 )

Posted in: 4 shot outside San Francisco schools; suspects at large See in context

This was California where only criminals & cops are armed. If they tried it in Texas, it would likely be a different story.

-4 ( +1 / -5 )

Posted in: JBIC says it will be cautious on lending to resource sector See in context

This is good news for commodity markets. Usually Japanese banks, especially government banks (which are marginally more bureaucratic than the others), come in at the top of te market and stay out when it's close to the bottom, so this is a bullish indicator.

Basic rule of investing - watch the dumb money and do the opposite.

0 ( +0 / -0 )

Posted in: Woman arrested for killing landlord See in context

If the Japanese courts were more efficient at enforcing contracts, these face-to-face confrontations could be avoided.

1 ( +1 / -0 )

Posted in: BOJ adds long-term interest rate target to massive asset-buying program See in context

If rates are zero, it makes sense for regular people to hold cash. If you're a bank or a fund trying to hold 100,000,000,000 in cash, it's not practical until rates get below about -.1% and stay there for a year or so.

1 ( +1 / -0 )

Posted in: BOJ adds long-term interest rate target to massive asset-buying program See in context

10 yr rates at zero - great for mortgage rates and for the real estate market!

1 ( +1 / -0 )

Posted in: Japanese firms wage war on 'smell harassment' See in context

They need to have separate elevators for smokers. There's nothing worse than coming up in the same box as some noxious creep who's just had a smoke break.

6 ( +7 / -1 )

Posted in: A reader moving to Japan asks how much a month it would cost to live here comfortably. How much does it cost you? See in context

In central Tokyo, for a family of 4, about 6-700,000 per month, not including tax & housing

-1 ( +2 / -3 )

Posted in: Majority want Abe to stay on until Tokyo 2020 Olympics: poll See in context

He's the best PM since Nakasone at least.

-9 ( +1 / -10 )

Posted in: BOJ's Kuroda says he won't rule out deepening negative rate cut See in context

The crucial issue is to make sure the negative rates affect corporations as well as banks. Incompetent and unimaginative time-serving managers currently (Mar 2016 numbers) have more than JPY200,000,000,000,000 in cash, and this amount is growing by more than 8% annually. Forcing them to disgorge it, whether by investments, dividends or buy-backs, would put that money into the hands of the people - it averages about JPY1.6 million for each citizen - and provide a great stimulus to the economy,

The smarter and more direct alternative is a temporary surtax on retained earnings, but the keidanren would never allow it.

2 ( +2 / -0 )

Posted in: 10 ways in which Japanese men want to outperform their girlfriends See in context

I guess I would be the exception. I'd definitely prefer my wife to bring home more cash than me. Although frankly I'd settle for her bringing home anything at all.

And congratulations to the survey in finding 200 Japanese guys who have managed to acquire girlfriends!

0 ( +0 / -0 )

Posted in: London open all hours as night tube service launches See in context

This is progress. Hope Tokyo will follow.

1 ( +1 / -0 )

Posted in: Electronic Marlboro sucks smokers away from Japan Tobacco See in context

It doesn't matter if they're more toxic to the morons who choose to use them. That's just a part of natural selection. What matters is they're less toxic to the innocent bystanders breathing the same air as the junkie.

3 ( +8 / -5 )

Posted in: Cranes deliver Japan's real estate revival to BOJ's doorstep See in context

The AirBNB sector is still tiny - much too small to affect the market in general. Chinese money is significant in the 200 million plus area - they are about half to a third of that top sector. Below that the market is driven by banks willingness to lend. Banks have been aggressive for 3-4 years in the sub-100 million sector. Now, finally, they are getting good in 100-200 million.

1 ( +1 / -0 )

Posted in: Cranes deliver Japan's real estate revival to BOJ's doorstep See in context

You can make good money on new and old. I sold a 25 yr old condo last year making 30% profit over 5 years (not including the rental profit every month). Someone I know bought a condo new in 2011 and just sold for 75% profit (again, not including rental). Given you can easily borrow 80-90% LTV at next to nothing rates, the returns are great!

1 ( +1 / -0 )

Posted in: Cranes deliver Japan's real estate revival to BOJ's doorstep See in context

Tokyo real estate is only going up by 10-15% pa. The BoJ needs to drive that to 20-25% to have a real impact on the rest of the economy.

Tokyo demand overcomes Japanese demographics because (i) household numbers are increasing as household numbers decline because more people live alone and less seniors move in with their kids, and (ii) about 33% of Japan lives in the Kanto Plain conurbation but about 50% wants to.

3 ( +3 / -0 )

Posted in: 3 students, including 2 from Japan, found alive in Arkansas cave See in context

Sounds like Tom Sawyer

1 ( +1 / -0 )

Posted in: 10-year-old boy decapitated on waterslide at Kansas park See in context

For the assumption of risk defense to work, in the case of a minor a defendant would need to demonstrate that the injured party had the capacity to assume a risk and that the defendant had taken appropriate steps to exclude those who did not have such capacity.

2 ( +2 / -0 )

Posted in: Trump: Japanese will 'watch Sony TV' if U.S. is attacked See in context

Nothing wrong with giving Japan 5 years notice of abrogating the current one-sided treaty & letting them choose between going it alone or a fairer NATO-style treaty with bilateral or multilateral protection and spending obligations.

3 ( +4 / -1 )

Posted in: BOJ opts for modest stimulus expansion See in context

Tokyo real estate is only going up 10-15% a year. The BoJ needs to force that up to 20-25% to get the economy moving.

0 ( +0 / -0 )

Posted in: Japan latest battleground in Airbnb home-sharing war See in context

The last thing we want is a bunch of ignorant self-important bureaucrats telling us what we can or can't do with our own property.

9 ( +12 / -3 )

Posted in: Afghan teen migrant killed after injuring passengers on German train with ax, knife See in context

As the attacker would no doubt have said, they are all infidels or apostates - what difference, at this point, does it make.

5 ( +5 / -0 )

Posted in: No chance Japan will adopt 'helicopter money,' say officials See in context

Tokyo real estate has been going up 15-20%pa for last three years and looks to be accelerating

2 ( +2 / -0 )

Posted in: No chance Japan will adopt 'helicopter money,' say officials See in context

Helicopter money vs current policy is a distinction without a difference.

As for perpetual notes, take a look in your wallet. What do you think is in there?

2 ( +2 / -0 )

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