Triring comments

EastmannToday  10:41 am JST

A stronger yen is a negative factor for Japanese exporters, and the recent rally has been fueled by central bank policy decisions that have reversed the trends of recent years.

Japan is export oriented country so this very crucial info for somebody who knows abt export,business...

TTB some 141 for 1USD now lets hope that rate will be at least stabilized...

This depends on how muc the product has on the global market.

Basically if a certain product (ex. Aero industry grade Carbon composite material) which can only be provided by five or less manufacturers, then it doesn't matter how much yen goes up since manufacturers like Boeing and or Airbus requires those crucial products to develop their own end products.

They simply pass off the higher cost down to the buyer of their products.

Japan has many "Japan Only" components that fits into the above description like high grade image sensors, super high grade silicon wafers, and other disposable items in producing IC chips and so on and so forth that appreciation of the Yen on FX market has little effect IF the global economy is on a stable/growth trend.

Why is everyone panicking over a storm in a tea-cup?

Basically when interests goes up, the stockmarket will cool down. That is investment 101.

The US dollar may also

strength in the FX market in Autumn due to the US presidential election but it will

calm down in November, once the

election is

over as always.

I believe the Ukrainian war will be over by that point with speculators running to bet on a stabilizing/growing global market heightening demand for Japan's hi-tech industrial components.

And as I have predicted the yen has rose to 148yen to the US dollar mark.

At year end, FBR have lowered interest rates lowering the value

of US dollar.

At that point the exchange rate

should be

around 143～141 yen to the dollar.

Part of the population growth is due to Kindai's break-through in complete farming technology in which they grow the fish from eggs removing wild fish completely out of the equation.

growth!

a market that does not show potential of

The article completely defies the anti-Japan comentaitors. lol

Basically investors do not invest into

FYI NASA and the US Navy still uses floppy discs.

I believe there are various legacy systems that runs XP as well.

kurisupisuToday  08:03 am JST

There are more than a few countries not dealing in US dollars which pushes oil. There is a trend towards de-dollarisation.

The two major players are Russia and Iran both under an embargo. Venesuala is another but are also under a US embargo.

The major OPEC players has a contract with the US that they will make transaction through US dollar.

Like I said, any and all crude oil sold on the two major oil bourse, NY Mercantile Exchange and Brent Crude are through US dollar transaction only.

However I suppose Japan earns more from holding US debt and could actually use that to pay off the Japanese debt as its interest rate is lower than what they make from US bonds.

Especially when those payments are repatriated back into yen.

here is the messy reality of the global currency market which is complete fiat based.

The Yen, Euro, British Pound Sterling and even the US dollar are all fiat currency based on the trust of that nation BUT the US dollar and somewhat to the same effects for the British Pound Sterling is that they are based on the price of crude oil as well since the two major global oil Bourse, the NY Mercantile Exchange and Brent Crude set in London are both based and transactioned only in US Dollar making the US dollar as a commodity item.

In simple terms if you don't have any US dollar you cannot purchase oil in those bources so you need a large US dollar reserve to continue purchase of oil. This goes the same with various metals and food items. So the larger the reserve the higher trust into that nation's currency.(Unless you have some resources that is essential and scarce to the survival of another nation like rare metal, IC chips, carbon fiber, etc.)

Basically Japan(or for that matter any other country) cannot simply sale all of her US dollar reserve since the once you do your nation's currency will lose all trust in the international market making less precious then the paper it is printed on.

There is no way Japan could ever pay those interest rates. Especially if the debt was held by other countries. Most of the debt is held here. But I did read if Japan were to sell its assets,(whatever those are) that could reduce the debt to 140% of GDP. We must expect higher taxes either via the pay packet, sales tax or city tax. I also expect more immigration to happen stealthily, because again they’re younger, healthier and more likely to pay more tax than use tax services.

You do understand that debt is only half of the balance sheet. There is also credit and asset on the other side in which Japan hold a tremendous amount. Japan is not the world largest institutional investor of US treasury bonds for nothing you know.

Japan through ODA also holds large amount of credits to various other nations.

Baisically if you match the two up Japan's total balance is around zero which should be since a nation does not need to run a proft since a nation is not a for profit entity.

The Yen is at it's strongest when the world economy has stable growth prompting into investments into infrastructure and long term durable commercial/consumer goods like planes and cars.

On the other end the Yen is weak when those items are not in high demand with demands centering towards valuable commodities and/or food items like cereals/staples/cooking oil.

Another reason the US dollar is in high demand since US is a major player in food item exports.

RakurakuToday  09:34 am JST

It is less a question of USD appreciation than JPY depreciation. As you can read in the article, the JPY is at its lowest against the EUR since the creation of the EUR in 1999.

That is because of the very high ECB interest rates.

It rose up from 0.25 in 2019 to 4.75 last year slightly easing to 4.5 this year.

For Europe, there was a major inflation due to the energy crisis created by the invasion of Ukraine by the Russians.

Japan didn't experience that kind of inflation resulting to depreciation or more like lack of hiking up demand of the Yen through inflation.

Basically it's a combination of several factors running simultaneously for the US dollar appreciation.

The US dollar has always been strong when there is a major military conflict.

Combined with the limitation in major crude oil suppliers due to the embargo and finally the relatively high interest rate compared to the yen results to the high appreciation to the US dollar.

Japan throwing her US dollar into the market is a lost cause.

Onthe other hand, once the Ukrainians wins then you will see the dollar sinking back to it's normal level.

You know Putin is making empty threats when he is buying ammo from NK to maintain the front lines in Ukraine.

A reactor not operating is empty of nuclear fuel and therefore safer

Nope.

The fuel is in the reactor with the carbon rods down to absorb the neutrons to inhibit fission chain reaction.

@Samit Basu

India doesn't have the capability to develop it on their own. They have no aerospace industry nor capable material manufacturing industry to provide the necessary knowhow to design ormanufacture a 6th generation much like SK.

They will need to procure the engine and all other parts from abroad as well as the various manufacturing processes.

What they will likely do is sign a procurement contact with a clause stipulating that they can obtain some licensing permits to manufacture some components as a start.

Samit BasuToday  08:19 am JST

For multinational projects like GCAP, export territories are dived up among partner nations.

UK is likely to get Middle East and Australia, Italy gets Europe, and Japan gets Asia.

Within Asia, there is just single potential market, Singapore. Taiwan would also like to buy, but Japan cannot sell to Taiwan due to the fear of Chinese retaliations.

This leaves Japan wanting to demand Australia as its marketing territory, but I doubt UK would concede Australia to Japan.

You're forgetting India which may become one of the biggest operators excluding Japan and UK.

India till recently had procured most of their fighter planes from Russia but with recent relevation of the actual performance campared to spec sheet performace they would be most likely look for an alternative source.

India also does not want to lean too closely with the US so the natural option would be European/Japanese models.

India has considered Japanese planes in the past and with GB partnering in this project, India will be more than eager to look in as their next generation fighter planes.

ProtestantToday  07:22 am JST

The Italians and the British have the know-how, without question. What possibly can the Japanese offer in terms of any plausible expertise to the mix? Think about it.

Ever heard about Ceramic composite fibers?

How about gallium nitride power semi-conductors?

How about the newly developed adhesive bonding method?

You certainly should know about Carbon composites which Japan has a virtual monopoly of?

Newly powered AESA radars that can double as microwave disruption beam emitters?

How about the XF-91 engine that can generate 108kN dry and over 147kN thrust with after burners?

How about the 250kW on-board electric generator recently developed by IHI?

I can go on.

The story is based on a true historical figure, Willam Adam AKA Miura Anjin who did reach Japan in the start ofthe 17th century who was befriend Tokugawa Ieyasu.

He was promoted as a samurai and stayed in Japan till the end.

There are several subvariants of the Mark 41, and you need the longest one to fit the Tomahawk. Since the Mogami is built before they decided on having Tomahawks, choosing the Strike version would mean an un-necessary volume, weight and cost penalty. If by then they were already covertly considering the possibility in the future they'd load Tomahawks, one way to sneak the capability on in advance is by getting the Strike version, but otherwise it won't be.

Even if the strike version are not equipped to the Mogami class with small modifications, the Mogami class is built to incorporate the Mk.41 system so she can accept the strike version.

A modular system is built to accept the largest variant, or it will be disgnated as another class.

obfuscate the issue?

No just shining light to the truth.

Looks as if the the light has shown someone's their true colors as well. LoL

Desert TortoiseToday  04:48 am JST

Mogami class doesn't carry strike length VLS cells able to accept the long canisters used for Tomahawk

No, Mogami class are equipped with Mk 41 VLS which is capable of accepting Tomahawks.

Japan also has the advanced Mogami class(Nex gen. FFM) which will start construction from this year. She will be larger than the Mogami class weighing in at 6,200 tonnes full load and 32 VLS cells.

The next gen. FFM is the one considered by the Australians not the present Mogami class.

YubaruToday  08:08 am JST

No where does it state, Japan can't sell war, but for all the years following the war, until Abe 1, that is how everyone interpreted it to mean, including all the countries in the region that were victims of Japan during the war.

Which nations are you talking about?

Besides Republic of China (not People Republic of China) there were no independent nations within the East/South East Asian region other were European/American colonies.

Many indigenous people living under European/American subjugation were liberated through Japan's action declaring war.

Ramsey's KitchenToday  11:12 am JST

Have looked at Japan's unemployment rate recently? It's at record lows with most people looking for a job can get one.

Rapidly falling working age population tends to do that. Noticed any foreigner workers around lately.. gee I dunno, say in your local conbini?

Showing demand is overrunning supply. Japan is in a much better situation compared to countries like PRC or South Korea where they have a larger aging population problem with youth unemployment rate high up in double digits or stopped announcing it all together where young people had just gave up taking it "Laying Down"!!

isabelle

The usual, fallacious "US says; Japan does" line. The situation is, in fact, very different.

During the Trump presidency, Japan saw that the US may not be as reliable as it thought, if he (or someone like him) is in power. Trump has flat out just said that he won't defend NATO, and if he were in power and deems - in his own, mentally-challenged way - that Japan isn't paying him enough, he wouldn't defend Japan either, despite the concrete alliance.

Unfortunately whether it be someone like or Trump or not, the US playing the role of world police is coming to the end and each nation will need to defend with less reliance on the US.

The reason why the US is doing what they are doing right now is to ensure the steady flow of US currency in the global market as the main transactional currency. This is secured through global oil purchase mainly done through the US dollar arranged through OPEC-US deal but the carbon economy is coming to an end with slow transition to other source of energy like Hydrogen which is not limited to regional reserves. When hydrogen becomes a majority, the US has little benefit acting as the world police.

Basically there is no such thing such as free lunch.

JeffLeeToday  09:15 am JST

Nice theory. But the reality is that as corporate Japan's profits have soared, their workers' real wages have fallen.

Have looked at Japan's unemployment rate recently?

It's at record lows with most people looking for a job can get one.

That equates to more money into the economy. Wages can be mesured in various ways.

Mr KiplingToday  07:57 am JST

Of course! Just like ALL other aid projects, Japan will give money to Japanese companies to provide goods and services.Everybody wins, including the Japanese tax payer.

Here fixed it for you. With money injected into the Japanese companies it will be used to pay wages to the employees which will circulate into the Japanese economy as a whole. It' macro economy 101. LoL

deanzaZZRToday  07:33 am JST

China is going to mop the floor as it is currently the tofu dreg infrastructure building king.

Here fixed it for you.

I seriously doubt Ukraine will consider asking CCP in rebuilding anything within their borders.