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Viper740

Viper740
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  • The Infinite Future Of The Yen [View article]
    The same point applies to Japan's foreign assets as well. I was not talking only about Japan's domestic holdings.

    The cleanup costs of the 3.11 disaster were relatively small compared to the size of the Japanese economy, and are small compared to the kind of capital they would need in the event of a major bond crisis.

    What happens when, in the event of a crisis, Japan says to the markets: "We need to sell $1 Trillion worth of US Treasury Bonds ASAP"? (Or $500 billion, or $250 billion)? Are there really enough buyers lined up to buy that many Treasuries, right when Japan needs them to? I can't see a scenario in which things go smoothly. Japan is also the 2nd largest contributor to the IMF, so there is no one to bail them out.
    Aug 12 09:09 AM | Likes Like |Link to Comment
  • The Infinite Future Of The Yen [View article]
    This assumes that in the event of a crisis, 1) Japan would have enough willing buyers to purchase it's assets, and 2) Such a massive, large scale sell-off of Japan's assets would not cause a market panic even worse than the actual crisis.

    Thus, Japan's asset surplus probably won't be able to save them when the crisis happens.
    Aug 11 03:18 PM | 1 Like Like |Link to Comment
  • Scorching Market Heat From The Land Of The Rising Sun [View article]
    I don't see any reason the US needs to be the world's reserve currency. If we pare back the federal government to a reasonable and limited size, we won't need to have foreigners purchase US gov't bonds in order to fund our spending; we will actually be able to fund ourselves and then have money left over.

    Americans are an industrious and intelligent people. If free market capitalism is left to work on its own, we can be #1 without the "help" of the government, and certainly without constant wars.
    Aug 11 05:12 AM | Likes Like |Link to Comment
  • Scorching Market Heat From The Land Of The Rising Sun [View article]
    We don't have any allies in the Middle East. We have only parasites that suck American money and lives. We should leave that part of the world to fend for themselves, as soon as possible.

    And if the Russians and the Chinese want to dig in head first, let them. They'll simply learn what we learned the hard way: there is nothing but pain to be had in dealing with people in that part of the world.
    Aug 9 02:27 PM | 1 Like Like |Link to Comment
  • Japanese PM Targets Deflation As The Main Battle [View article]
    I'm an expat. As for language, dig in deep and hard. Hit the books. It takes hours and hours.
    Aug 8 08:17 AM | Likes Like |Link to Comment
  • Japanese PM Targets Deflation As The Main Battle [View article]
    The purpose of building up ones national defense is not to start wars. It is to prevent them through power projection which results in deterrence, which stops wars from happening before they start.

    This is what Japan is wisely trying to do vis-a-vis China. Japan building up its defensive capabilities is likely to prevent war with China.
    Aug 8 08:16 AM | Likes Like |Link to Comment
  • Hedge Against Japanese Hyperinflation - Buy The Nikkei [View article]
    Huh? The Communist Revolution happened in 1949, and killed 50 million people. That was only 64 years ago my friend. VERY recent. Another one could happen any time. Chinese transitions of power are unpredictable and violent.
    Aug 8 08:14 AM | Likes Like |Link to Comment
  • Japan: Firing The Third Arrow [View article]
    Not true. The only Asian countries that hate Japan are China, North Korea, and South Korea.

    Other Asian countries, such as India, Vietnam, The Philippines, Indonesia, Malaysia, Singapore, Myanmar, and Thailand, etc, are on good terms with Japan.

    The Koreas and China simply use anti-Japanese sentiment as a domestic political tool, nothing more.
    Aug 8 08:12 AM | Likes Like |Link to Comment
  • Japanese PM Targets Deflation As The Main Battle [View article]
    I live in Japan, have been living here for years, and speak the language fluently.
    Aug 7 10:58 AM | Likes Like |Link to Comment
  • Japanese PM Targets Deflation As The Main Battle [View article]
    I'm afraid this is totally untrue. China is making territorial claims of all of the South China Sea, even up to only 12 miles off the coast of the Philippines! They are completely disregarding the Exclusive Economic Zones of other countries, in clear violation of international customs. The result of this is that China is on awful terms with almost every single country around it, with the exception of North Korea. This means that countries like Vietnam, the Philippines, and India, are developing much stronger relationships with the US (and Japan), in order to protect themselves from an increasingly aggressive China.

    Also, Asia will not be threatened by Japan improving its national defense. In fact, there are only 3 countries in Asia that hate Japan: China, South Korea, and North Korea. All other Asian countries have good, productive relations with Japan and will look forwarding to improving military relations and cooperation with Japan. For example, India and Japan just signed a defense agreement, and the Japanese prime minister recently had successful visits to Malaysia, Indonesia, and Singapore.
    Aug 6 07:10 PM | Likes Like |Link to Comment
  • NSA revelations costing U.S. cloud-computing providers [View news story]
    Thanks for the clarification. Can you tell me in particular which laws are being violated? I'd like to know.
    Aug 6 07:15 AM | Likes Like |Link to Comment
  • NSA revelations costing U.S. cloud-computing providers [View news story]
    "Case in point: If you want security, you have to do it yourself and use tools that have not yet been assimilated into the illegal spying machine."

    What makes you think what the government is doing is illegal? They are operating according to laws set by our congressmen. Just because they rules that govern their activities, and the activities themselves, are secret (and rightly so), that does not make said activities illegal.

    And if you ask me, this is actually part of a much larger problem that has been building for nearly 100 years - excessive government intervention.

    If we want to get rid of the NSA's activities, fine, but also get rid of Social Security (forcing me to pay for someone else's retirement, which is equally as bad as the gov't looking at my metadata), Medicare (forcing me to pay for someone else's health care due to their unhealthy eating and lifestyle, which is equally as bad as the gov't looking at my Facebook), Dept. of Education, Dept. of Homeland Security, IRS (I can send my tax check to the Dept. of the Treasury directly without needing a special gov't bureaucracy), the DEA, etc, etc, etc.

    Notice that no one is up and arms about those things, which are much bigger threats to freedom than anything the NSA is doing?
    Aug 6 06:35 AM | 1 Like Like |Link to Comment
  • U.S. weighing ending truck tariff [View news story]
    "The Big Three (GM, F, FIATY.PK) have built up so much brand loyalty for their popular truck models that ending the tariff probably won't hurt the trio, and could actually help them raise sales if other markets like Japan are opened up as a counter-measure."

    This will *not* happen.

    Speaking as someone who lives in Japan, the Japanese will never open up their auto market to Americans or Europeans. The Japanese domestic auto market is 95% Japanese cars. It's the most closed auto market in the entire world, and they will never let it change.

    Thus, ending the truck tariff is a dumb idea.
    Aug 5 11:30 AM | 2 Likes Like |Link to Comment
  • Hedge Against Japanese Hyperinflation - Buy The Nikkei [View article]
    I agree. That's why the Chinese Communist Party will not last. Freedom cannot be suppressed forever. China has a long history of violent revolutions, and the fall of the Communist Party will probably be no different.
    Aug 4 08:01 PM | Likes Like |Link to Comment
  • Hedge Against Japanese Hyperinflation - Buy The Nikkei [View article]
    Hard to say, as it's possible the Chinese would have been better off under Japanese management than under the Chinese Communist Party. Remember the Japanese spent alot of money and resources developing infrastructure and education in China when they controlled it.

    But what's for sure: it's not OK for the Chinese to continue to scapegoat the Japanese for their problems, past or present, since the CCP has been much more brutal and repressive than the Japanese ever were.

    Also China has released it's new 10-dotted line map for Asia, in which they control the entire South China Sea, including up to only 12 miles from the Philippines and Vietnam (!!). They are aiming to steamroll over anything and everything in their way.

    So the best option is clearly for Japan to build up it's military and be prepared to defend it's territory with force against China, as America may not come to their defense (especially under a weak president like Obama).
    Aug 3 06:58 PM | Likes Like |Link to Comment
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