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Viper740

Viper740
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  • Consumption tax hike in Japan only days away [View news story]
    "The sales tax rate will rise 600% to 8% on April 1."

    ...uhh, shouldn't this read 60%, NOT 600%?!
    Mar 30 04:14 AM | Likes Like |Link to Comment
  • NYT: NSA used backdoor into Huawei equipment for spying [View news story]
    Smart move by the NSA. I read this as very good news. We need to know what the bad guys are up to.
    Mar 23 09:10 PM | 1 Like Like |Link to Comment
  • Toyota to raise Japan salaries for first time since 2008 [View news story]
    Correct me if I'm wrong, but what I get from this story is that these companies are raising salaries due to command directives from the government, more so than due to market conditions.

    Has Japan become the Soviet Union?
    Mar 12 03:05 AM | 1 Like Like |Link to Comment
  • Contrary call on yen from Morgan Stanley [View news story]
    ...and Kyle Bass says it's heading to 350. Who will be right?
    Jan 10 08:41 PM | Likes Like |Link to Comment
  • A Useless And Dangerous Mountain Of Money [View article]
    No, most of it could not be applied to the US:

    1) The US has a much lower debt-to-GDP ratio than Japan (100% vs. 250%).
    2) The US does not have the world's oldest population, unlike Japan, and thus does not have the enormous pension and medical burden the Japanese government faces.
    3) The US allows immigration to bring in a fresh supply of skilled labor (I'm not talking about illegal aliens), thus no terminally declining population like Japan.
    4) Japan's level of QE is MUCH higher than the US (by about 3X)
    5) The US can produce its own energy (especially shale natural gas), whereas Japan must import most of theirs.
    6) US is home to many innovative companies that drive the world economy, where as most major Japanese companies and industries are in terminal decline.
    7) The US has no military enemies, but Japan is faced with their enemy China, who in a short time will surpass the Japanese military in both size and capabilities. Currently the US protects Japan, but US military budgets are declining every year, so the US will be increasingly less able to do so in the future, leaving Japan ever more vulnerable to strategic attack by China. So the Chinese know all they have to do is bid their time. The Chinese hate the Japanese and are waiting for the chance to attack.

    There are many more. But the point is that the US is in much better shape for the future than Japan.
    Nov 20 12:48 PM | Likes Like |Link to Comment
  • Japan: Printing Up Miracles And Mirages [View article]
    Ben Gee, Japan has one of the most inefficient agricultural sectors among developed countries, much more so than the US. It makes food products here in Japan artificially expensive. Did you know that Japanese beef costs over twice as much as American beef in Japan? The same is true for chicken, pork, or almost any other type of product. Japan does not leverage economies of scale in agriculture, but uses only small mom and pop farms.
    Oct 3 11:06 PM | 1 Like Like |Link to Comment
  • Auto parts makers to plead guilty to U.S. price-fixing [View news story]
    This is not about the ethics of international business. It is about the massive-scale criminal price-fixing behavior of Japanese auto parts manufacturers. (Actually, price-fixing and cartel behavior are endemic in almost every industry inside of Japan; the only reason these guys got caught is because the victims were American, so the FBI got involved.)
    Sep 27 04:42 AM | 1 Like Like |Link to Comment
  • Auto parts makers to plead guilty to U.S. price-fixing [View news story]
    Many of them WILL be going to jail in the US, and the total fines were $1.7 billion.
    Sep 27 04:39 AM | 1 Like Like |Link to Comment
  • Applied Materials to merge with Tokyo Electron [View news story]
    If one side will own 68% of the new entity, how is this a merger and not a takeover?
    Sep 24 07:24 AM | Likes Like |Link to Comment
  • More tension between Japan and China worries Japanese automakers [View news story]
    There will be war. With this many ships and planes crossing each others paths on a consistent basis, there is bound to be a miscalculation or mistake that results in shots being fired, at some point. It's a matter of when, not if.
    Sep 10 03:04 PM | Likes Like |Link to Comment
  • Kerry: International support growing for action against Syria [View news story]
    I don't buy the oil argument. Rather, follow THIS money. AIPAC is the most connected and powerful lobby in Washington:

    http://bit.ly/1cUJG9f

    "AIPAC to deploy hundreds of lobbyists to push for Syria action.
    Pro-Israel lobby says 250 activists will meet with their senators and representatives in Washington in a bid to win support Congressional support for military action in Syria."
    Sep 8 07:21 AM | 2 Likes Like |Link to Comment
  • Kerry: International support growing for action against Syria [View news story]
    So, if both the UN as well as the US Congress reject this fiasco, will the Obama administration STILL go to war? Something like 80% of Americans are against military intervention in Syria, meaning there's no national consensus whatsoever. Why are they pushing this thing??

    In fact, who exactly who is behind this maniacal drive to attack a small, weak country which has never attacked or threatened us??
    Sep 8 06:22 AM | 7 Likes Like |Link to Comment
  • Nikkei: NTT DoCoMo to offer iPhone as soon as this fall [View news story]
    This is good news. DoCoMo is by far the most popular carrier in Japan, and the fact that they didn't carry the iPhone was the only thing that kept domestic smartphone makers in business.

    If DoCoMo gets the iPhone, it will cement the death of Japanese smartphone makers, who not only cannot compete at home against Apple and Samsung, but have almost no overseas presence (except for the Sony Xperia, which is largely outsold by Apple and Samsung anyway).
    Sep 5 02:45 PM | 1 Like Like |Link to Comment
  • BOJ declares recovery underway [View news story]
    You want to be careful not to get too carried away equating the US situation with Japan's situation.

    Japan's debt load as a percentage of GDP is twice as high as the US, and their demographic situation is a nightmare. Japan is already in the zone of insolvency, whereas the US is not.
    Sep 5 02:43 PM | 1 Like Like |Link to Comment
  • Obama to seek Congressional approval on Syria strikes: Clarity or more uncertainty? [View news story]
    Saddam gassed the Kurds in the 1980's, long before Bush accused them of having WMDs. And Saddam probably destroyed the poison gas that was used, as directed by the UN. So, at the time that Bush (and various Democrats and Republicans) made the accusation that Iraq had WMDs, they in fact did not have them. Likewise, in this case there is no evidence that the Syrian gov't used this gas. In fact, both the UN as well as Russian intel are saying the evidence shows the rebels are the ones who likely used it. The Syrian rebels have used poison gas before, but Assad has not.

    I blame neither Obama nor Bush for the problems in the middle east. The place always has been and always will be a mess. The job of American leaders is to simply make sure we do not get entangled in it, something which Bush and Obama failed us at. But at least Obama is redeeming himself by refraining from a Syria strike (he also probably has pressure from the US military who, unlike Democratic and Republican politicians, actually put the interests of the US first, and are therefore standing against a Syria attack).
    Aug 31 08:20 PM | 1 Like Like |Link to Comment
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