All things about the media, marketing, business, Japan and other musings by Mike in Tokyo Rogers.
Showing posts with label Japanese government. Show all posts
Showing posts with label Japanese government. Show all posts
Saturday, December 29, 2012
Here's Why A Weak Yen Will Destroy Japan
The clowns in the LDP think a weak yen will rescue Japan's faltering economy by making exports cheaper... Sounds good... That is, if there anyone to buy Japanese goods.
I fear that the weaker yen will be the last straw in breaking the Japanese Economy. Here's my reasoning why...
China and Japan are in a row over islands. Boom! Down goes exports to Japan's biggest trading partner. Please refer to the NY Times article, "Japan Trade Suffers as China Ties Deteriorate":
"Shipments to China, which is Japan's biggest trading partner, tumbled 14.1 per cent as demand dropped for Japan-branded products..."
Also refer to Japanese Car Sales Plunge Amid China Rage.
Europe is in no condition to be big spenders on anything as Euro states are already in deep recession.
The USA isn't in good shape either as it is in recession too and Japanese cars aren't selling well due to Fukushima and other issues.
Gee? So what will a weak yen certainly buy for Japan? Answer: How about a 10% increase across the board on energy imports?
From Forbes Magazines, please refer to: Japan's Energy Dependence
Data from the Energy Data and Modeling Center (EDMC), Institute of Energy Economics, Japan, for 2008 published in the APEC Energy Overview (2010), paint a stark picture of Japan’s energy vulnerability:
– Of total primary energy supply (508,327 kiloton of oil equivalent (ktoe)), 85 percent (433,725 ktoe) was imported. The breakdown of primary energy was coal 23 percent, oil 44 percent, gas 17 percent, and other 17 percent.
–For final energy consumption in ktoe, the industrial sector took 45 percent; the transport sector 24 percent; and other sectors 31 percent. By type of energy: coal 11 percent, oil 53 percent, gas 9 percent, and electricity and other 28 percent.
Don't forget that these are 2008 figures - three years before the Fukushima Dai-ichi nuclear disaster. Things have gotten much worse since then. Now take all that imported oil and natural gas (and coal) and jack up the price 10%... What do you get?
Couple that sum with the 2% inflation rate targeted by the new government of Shinzo Abe and you get a collapse of the Japanese economy.
2013 is not going to be pretty for the Japanese economy.
Friday, November 23, 2012
Public Education is Terrible! Or Can People be THAT Stupid? Japan Was First to Use Nuclear Weapons... On Korea???!!!! Dave in Austin is Confused - You Need to Drink More!
Blogging is a total exercise in frustration.
The worst part of blogging is getting mail from idiots who think they know what they are talking about. Dave from Texas tells me that, "you are part of the problem" when it comes to Japan's economic conundrum. You see, Dave thinks that government spending of over 237% of GDP is not the problem. Dave also thinks that the current rate of Japanese under the poverty level of 15.7% is somehow caused by privately run businesses trying to compete for good employees under the free market system.
In "Japan is Collapsing," I wrote:
I am angry at the stupid Japanese government for taking our tax money and bailing out these zombie banks and keeping the status quo intact at the expense of the people and our children's future. I am furious that the situation has gone on for so long. I am angry that it is not only us who is feeling the pain but everyone else I know... I get angry when I read the news and see that 15.7% of all Japanese are under the poverty level. I get pissed off when I see that our debt to GDP is over 237%....
And I really get angry when I read that these idiots in government want to raise our taxes and keep with the failed policies of these last twenty plus years. And it really really astounds me that the people who got us into this mess can get reelected again. What a farce.
Dave then writes:
Well, things can't be so bad-- I mean you still have a very exclusive international school full of rich people, right? Did you ever think that one of the problems with Japan's economy is that everyone assumes a paternalistic company to pay for all these benefits for their employees? When businesses are burdened with such costs, the money's got to come from _somewhere_. Companies will either: stiff the employee wages, borrow, suck off the gov't teat, or go under. Mike, with all due respect, you might be part of the problem...
Riiiiiight! Japan's economic problems are due to the efforts of private businesses! Dave is a fricking genius! I responded:
Dave is a prime example of the poor education people get through public schooling. For some bizarre reason he thinks that private businesses (that create jobs and build the economy) are "part of the problem" whilst he ignores the fact that Japanese government debt is now over 238% of GDP and we have 15.7% of all Japanese under the poverty level in Japan today. He also fails to recognize that Japan has the highest corporate tax rate in the world. Dave is completely ill-informed and naive.
Jeff B. also blasted Dave in the comments section for thinking the government had their own money and because Dave fails to realize that all the money the government has in the first place is money they took it from privately run businesses. Dave is a total statist fool.
But Dave isn't the worst one - he doesn't deserve the "Total Idiot Award" in the last 24 hours (Sorry Dave). That award goes to someone else even dumber. To prove to you that public education is in the pits and that you must work your ass off to send your kid to a private school or homeschool, read this next letter that I received concerning my article entitled, "Atomic Bombs: Race Hatred and Mass Murder." The reader commented:
"I think you have a very warped sense of history. Japan was, after all, the first country to use a nuclear weapon on Korea. Second, the actual documents show Japan was looking for a CONDITIONAL ceasation to the war. (sic) Japan's own treatment of the Chinese was the real war crime. So don't be so high and mighty. True, the bombs killed many innocents, but it was total war by all sides. Your generals were to blame, not the U.S."
Jesus! "Total war by all sides" but "Your generals were to blame" incredible! It gets worse, he even spelled "cessation" wrong. Then he writes, "Japan was, after all, the first country to use a nuclear weapon on Korea???" What the heck? Have you ever heard anything like that before? He's kidding, right? Is this what they are teaching in school or did this guy get this from reading comic books? No! I dare say that this guy doesn't read at all.... I mean, how could he with a ridiculous statement like that?
(To read about the atomic bombings, read here: Ralph Raico. If that link doesn't work, use this: http://www.lewrockwell.com/raico/raico22.html).
If you ever needed any evidence that US public education was sh*t, you just found it with the comments by Anonymous. Mr. Anonymous! Please send me the names of the schools you attended. I want to publish that list so that people know where NOT to send their kids!
And if you ever needed evidence that blogging was an exercise in frustration (or becoming a Zen Master) then just read the dumb stuff people like Dave write.
God help us all if this is the education level of the people we are producing today.
I suppose the best recourse on this holiday weekend is to not argue with idiots and drink more.
Wednesday, March 14, 2012
Japanese Ministry of Finance official admits, “We are worse than Greece” - Japan’s debt-to-GDP has soared to over 230% - Fiscal deficit is up to 10% of GDP
More proof that the Japanese government is run by a bunch of complete idiots!
From Zerohedge: Japan's Shocking Keynesian Slip: "We Are Worse Than Greece"
In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo's worst nightmare "Japan is fiscally worse than Greece". Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan's 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also - with a large amount of JGBs held domestically, the Japanese financial system is much more vulnerable to fiscal shocks (cough energy price cough) than Europe. Of course, the market is catatonic in its reaction to this - mesmerized by the possibility of buybacks and hypnotized at big-banks-passing-stress-tests - though we do note the small reverse stronger in USDJPY has reversed as this news broke and the USD pushes modestly higher.
Now why in the world would this government wonk admit this in public? This will only cause the bond market to worry and perhaps the flight of foreign capital!
Two words: Got gold?
Sunday, October 23, 2011
Legislating Morality - a Yakuza Case?
"Those who deny freedom to others deserve it
not for themselves." - Abraham Lincoln
not for themselves." - Abraham Lincoln
Just a short post today about how I think people are confused with their ideas on how the government should legislate what we do and do not do in our daily lives. The idea that the government is here to help and protect the population flies against the historial record and defies common sense and the public's common experience. Examples? Need I remind dear reader of WWII? Minamata, TEPCO, Fukushima, tainted HIV, etc. etc. Oh! I could go on and on!
It's been decades of constant government growth and legislation (in Japan and elsewhere) on how we act, what we eat, who we associate with, what we put in our bodies, how our money is to be handled and who we go to war with...
Decades of this and look at what we have today!
In Japan alone, a short list of recent debacles would include a graying and dying Japanese economy with no good prospects for the future; crippling debt that the Japanese people will never be able to repay; over 15.7 percent of the Japanese population under the poverty line; an increase in crime and a decline in morals... Do I even need to mention inept government handling and a constantly rising tax burden?
And yet, even with this record of repeated and consistent failures over the last two-plus decades, people still wish to legislate the behavior of others!!!
Astounding.
Being a true anarcho-capitalist and a true conservative at the same time, let me state my opinions in a few points:
1) No wars
2) Limited and decreased taxes
3) Small government (#2 fixes that)
4) People are free to do as they please as long as they do not interfere with others
#4 means that people can do whatever they want - anything they want - as long as they do not bother or burden other people. That includes drugs, gay marriage, abortion, worshipping Zoroastrianism, dressing like Sailor Moon, driving drunk, drinking in public, smoking in public, refusing to serve anyone you wish in a private establishment, buying AKB48 CDs... etc. etc.
As an aside: I know many will say, "But drunk drivers kill people!" Yes. They do. It's illegal to drive drunk now, but people still do it.
I suggest, instead of criminal court, these things are settled in civil court... Instead of going to jail for killing someone while drunk driving (and becoming a cost burden to others) I think, should you lose in civil court, you could be fined millions of dollars. Perhaps you'd pay 25% of your income for the rest of your life if so deemed in court, perhaps your wife and kids would lose your house and a place to live. I think that might motivate people to have insurance and think twice about drinking before driving.
The current laws prove that legislating this sort of behavior has had limited success at best.
But, this post is not about legislating drinking and driving, it is a complaint about how I still, to this very day, read curious stuff from people asking "Why doesn't the government outlaw this or that?" These questions are often asked by the very same like-minded people who, last March after the nuclear accident at Fukushima, asked "Why doesn't the government take over Fukushima Dai-ichi?" Sure. They ask this question a few sentences after they had just, moments before, complained how the government was in bed with TEPCO and allowed TEPCO to do shabby work and cut corners on safety.
Am I the only one who doesn't see this huge contradiction?
One group arbitrarily will stop you for no reason whatsoever.
The other won't talk to you unless they have a reason.
Today, I read an interesting blog about Yakuza in Japan. The writer posted;
"The yakuza, Japan’s organized crime groups, have close to 79,000 members. It’s very hard to understand why they are tolerated in Japanese society and not simply banned."
I wrote:
Mike in Tokyo Rogers says:
“It’s very hard to understand why they are tolerated in Japanese society and not simply banned.”
Am I the only one in the room who finds this sentence completely ridiculous and absurd? What the writer is asking is “why doesn’t the government outlaw an underworld organization?” Duh? If they weren’t outside the law already, they wouldn’t be underworld, would they? Or do you think they need to file a business permit with the government to run a Yakuza organization?
This writer confuses issues here. Seems like another socialist who thinks the government can legislate morals, habits and associations… You know, like how drunk driving is banned or driving without a seatbelt or even eating Fugu not prepared by a pro or even gambling?… Wow! You mean even though those are against the law, people still do it?
Who’d a thunk it?
And, to be fair, the writer of the article, Jack Adelstein graciously replied:
Jake Adelstein says:
The yakuza are recognized organizations by the Japanese government. They are regulated and monitored but their existence is not illegal per se. You note: “why doesn’t the government outlaw an underworld organization?” That’s not what I wrote.
If you’d like to understand more about how the yakuza are semi-legitimate entities please go to the National Police Agency Website and download the following file. It should answer most of your questions.
It may be that regulating organized crime groups rather than banning them works better at maintaining public order than banning them and driving them completely underground.
http://www.npa.go.jp/hakusyo/h22/english/White_Paper_2010_5.pdf
If you’d like to understand more about how the yakuza are semi-legitimate entities please go to the National Police Agency Website and download the following file. It should answer most of your questions.
It may be that regulating organized crime groups rather than banning them works better at maintaining public order than banning them and driving them completely underground.
http://www.npa.go.jp/hakusyo/h22/english/White_Paper_2010_5.pdf
Thanks Jack. You are a good guy! I guess my writing must be poor because that wasn't really the point of my comment at all. My point was - what I consider to be - an absurd notion that anyone would even want to government to pass anymore legislation on anything? Especially if that something has any isues to do with our daily lives? Haven't the government passed enough laws already? Haven(t they done enough damage already?
(I am of the thinking that whenever these laws are passed, they create far too many bad effects. It's the law of unforeseen consequences as written in Henry Hazlitt's classic, "Economics in One Lesson." This is, after all, not really a legall question but an economic one....
But I digress.
Jake Adelstien is a well known (and excellent writer). He is an expert. Of anyone, he knows that the Japanese government and police have traditionally had many ties to the Yakuza too. I am thinking that, whenever I hear about this sort of thing, I am reminded of the great quote by Thomas Pynchon from Gravity's Rainbow:
"If they can get you to ask the wrong questions, they don't have to worry about the answers."
In short, what I mean is that Japan has so many huge problems that affect people's daily existence and lives, worrying about the Yakuza is a side-show and just another excuse for the the police to insist that their budgets are kept up for next fiscal year... Just like prostitution, drugs, seat belt laws, blah, blah, blah.
This is a very broad topic. Please refer to: "Sex Services in Japan First to Get Back to Business After Earthquake."
Prostitution and the free exchange of time and services between two consenting adults is a free market ideal and a business that's been around since the beginning of society. No amount of government legislation will ever change that. Making laws that makes these activities illegal is pure nonsense.
You cannot legislate morality.
I applaud these businesses for getting back on track early and creating jobs for people. The economy needs it.
Anyhow, my point is back to the government interfering with our daily lives too much as it is already. Enough is enough!
If more government control and legislation over our lives were the answer to our problems then the Soviet Union would have been a very successful country.
The mere fact that the Japanese government has taken much more control over the Japanese economy over these last 20 + years - and the results of that control - shows that we need much less legislation and not more.
Writers who call for more legislation on anything just haven't been paying attention.
More:
Visit Jake Adelstien's wonderful blog, Japan Sub-Culture Research Center here: http://www.japansubculture.com
I also recommend Jake's great book: Tokyo Vice
http://www.japansubculture.com/tokyovice/
Wednesday, October 27, 2010
Fantastic Post About How Government Works
My friend Mish Shedlock over at Sitka Pacific runs one of the best blogs in the entire world in my opinion. Today, he has an excellent piece about how the US congress works and I thought it was pretty spot on as to how the Japanese government works too! Hell, it is right on target as to how government's all over the world work.
This is hilarious!
Watch the video:
If you'd like to read more or help this underdog win his race against the entrenched big spending politico go to Mish's link here.
Read the rest of the blog here.
This is hilarious!
Watch the video:
If you'd like to read more or help this underdog win his race against the entrenched big spending politico go to Mish's link here.
Read the rest of the blog here.
Wednesday, August 4, 2010
Marketing Japan: More Trouble for Apple!
By Mike in Tokyo Rogers
Here's more trouble for Apple... I guess the Japanese government has been looking into overheating iPod Nano's since 2008... As usual, the government takes fricking forever to do anything...
Weird timing, eh? Just when Apple has some bad news, this comes hot on the heels of the new iPhone problems...
From Sky News:
Apple has been ordered to explain to Japan's industry ministry what it plans to do about cases of its iPod Nano music player overheating and catching fire. There have been at least 27 incidents of the device overheating while charging. Six of these started fires that needed to be put out by firefighters, an official from Japan's Economy, Trade and Industry Ministry said. Four people have burned themsleves touching the device but Apple has failed to act, the official said.
Now that explains that burning sensation in my pants! But seriously, this could turn into a big problem, according to the clowns working at the government, they've been ordering Apple to report problems to them overseas also, but Apple has been ignoring those orders...
I guess the only thing worse than a women scorned is a bunch of fat-assed lazy bureaucrats jumping on the bandwagon to act like they are doing something useful...
Jerks. I don't think we pay taxes so those clowns can make sure our iPods work or not. Don't they have anything important to do?
See original article here.
-------
Keywords:
Apple, iPod, nano, Mike Rogers, Marketing Japan, Mike in Tokyo Rogers, Japan, iPod Nano
Here's more trouble for Apple... I guess the Japanese government has been looking into overheating iPod Nano's since 2008... As usual, the government takes fricking forever to do anything...
Weird timing, eh? Just when Apple has some bad news, this comes hot on the heels of the new iPhone problems...
From Sky News:
Apple has been ordered to explain to Japan's industry ministry what it plans to do about cases of its iPod Nano music player overheating and catching fire. There have been at least 27 incidents of the device overheating while charging. Six of these started fires that needed to be put out by firefighters, an official from Japan's Economy, Trade and Industry Ministry said. Four people have burned themsleves touching the device but Apple has failed to act, the official said.
Now that explains that burning sensation in my pants! But seriously, this could turn into a big problem, according to the clowns working at the government, they've been ordering Apple to report problems to them overseas also, but Apple has been ignoring those orders...
I guess the only thing worse than a women scorned is a bunch of fat-assed lazy bureaucrats jumping on the bandwagon to act like they are doing something useful...
Jerks. I don't think we pay taxes so those clowns can make sure our iPods work or not. Don't they have anything important to do?
See original article here.
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Keywords:
Apple, iPod, nano, Mike Rogers, Marketing Japan, Mike in Tokyo Rogers, Japan, iPod Nano
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