JeffLee's past comments

  • -1

    JeffLee

    "Millions of Americans are lucky to have any food."

    A ridiculous statement. The Global Food Security Index routinely ranks the US at the top of over 100 countries.

    http://foodsecurityindex.eiu.com/Index

    Posted in: Americans urged to stop wasting food

  • -1

    JeffLee

    "Abenomics is unsound,..."

    No it isn't. The tax hike is unsound, but that isn't Abenonomics as it was legislated between the previous DPJ and Abe's LDP predecessor. People have short memories but the mantra of late 2013 was "Japan is back," a period when Abenomics was in fact working.

    Posted in: Abe adviser calls for stimulus after 'shocking' GDP

  • -1

    JeffLee

    What's the point, when humans only occupy about 3% of the earth's surface. Still plenty of space on god's green land.

    Posted in: Japan sees modern Atlantis spiral deep into ocean

  • -1

    JeffLee

    Didn't feel it here in Tokyo.

    Posted in: Nagano quake leaves 39 injured as houses collapse

  • 3

    JeffLee

    "NATO could stop this idiots in mater of days"

    Just like they did in Afghanistan against the Taliban? LOL.

    Posted in: Islamic State launches major attack on Iraq's Ramadi

  • 1

    JeffLee

    "To the extent that Taliban members directly threaten the United States..."

    The Taliban have never directly threatened the US. The whole US campaign was bungled from the start. Walk away. Afghanistan is worth absolutely nothing, strategically or otherwise. Just ask the Soviets or colonial British.

    Posted in: Obama extends U.S. combat role in Afghanistan: report

  • 1

    JeffLee

    That's odd. I've found the Tozai to be the least crowded, at least on its Western side, from Otemachi to Mitaka.

    In the afternoons, you're guaranteed a seat.

    Posted in: Rush-hour crush on Tokyo subway leaves train with broken window

  • 2

    JeffLee

    Minato-ku is probably the wealthiest ward in the entire country. It seems folks in the lower income areas need such services much more.

    Posted in: Tokyo ward to offer free childcare for all second children of families

  • 0

    JeffLee

    @wipeout

    "I don't really care about Watami,"

    This issue is not about you. It's about the nature of Japan's market, a market with restrictive business practices, as shown by major player Watami, as one example.

    For the Europeans, the fact that such practices are common in a country what seeks to have "free trade" with them is clearly a problem.

    Posted in: EU urges Japan to open up its beer market

  • 1

    JeffLee

    @Sangestsu

    "so I would guess they aren't sitting on much cash either."

    Your "guess," once again, is wrong. From this week's Economist: "Japan’s private companies...sit on ¥229 trillion ($1.9 trillion) of cash and deposits, according to the Bank of Japan.....But real wages fell by 2.9% in September."

    "The combination of an uncompetitive business environment, an overly-protected domestic economy, heavy regulation, and heavy taxation have pushed the cost of living higher than people find acceptable."

    Asia's highest costs of living can be found in Singapore and Hong Kong, which are also the regions's great bastions of business-friendly capitalism: with the least protected economies, lightly regulated and low taxation. So sorry, but "liberalizing" economies is what often pushes up prices.

    Posted in: BOJ keeps economic outlook despite recession

  • 0

    JeffLee

    "You've gone from "my favourite izakaya" to "the major chains". "

    Because the same type of supplier system is employed by both.

    "There's no shortage of highly specialized restaurants, izakayas, and bars in Japan, where you can get a great variety of drinks, both local and imported."

    I'm going to do something you never do and provide evidence: the link below is from one of Japan's biggest izakaya chains, Watami, which is also one of the country's largest food service operators.

    Huge menu....and you'll notice, ONE beer! Suntory Malts. That's it. and before you rattle on about niche or speciality bars, take note that his monopolistic approach is standard for the mainstream establishments in Japan that have the bulk of the market share.

    http://www.watamifoodservice.jp/menus/pages/watami/grand/east/

    Posted in: EU urges Japan to open up its beer market

  • 1

    JeffLee

    "the BOJ has twisted the arms of the commercial banks to buy bonds at low rates."

    That's a real stretch (of the truth). The govt floats the bonds and it is currently actively DISCOURAGING institutions and individuals from buying JGBs and to buy other higher yielding instruments instead.

    I guess when real events in the real world routinely disprove your ideology you need to resort to fiction.

    Posted in: Aso says sales tax hike delay must not happen again

  • 1

    JeffLee

    "That... is the problem with your particular izakaya."

    Nope, it's the problem with thousands of establishments throughout Japan, notably the major chains. The supplier system - offering only one beer brand(!!) - is designed to limit choice and to shut out newcomers. Japan repeatedly pledges to abide by the spirit of free trade. It needs to walk the walk.

    Posted in: EU urges Japan to open up its beer market

  • 0

    JeffLee

    "You analyse stocks, I recall..."

    No, I write/comment on Japanese business and the economy.

    "He said a few months ago that his portfolio had doubled since 2008,"

    Actually, since around late 2009. That's right, but it was after it lost about 40 percent of its value thanks to the subprime-Wall St. scandals, which wiped out trillions of dollars of wealth from people like me around the world.

    "Suffering" as in low GDP growth and stagnating, if not falling, real wages. Those are the realities of post 1991 Japan and post 2008 USA. Guess what folk,s those years marked financial crises not government crises. IE, the banks, etc. inflicted the wealth destruction, not the governments.

    Indeed, since then, the banks and corporates have been relying on the govt and central banks - with stimulus, dereg. etc., - to fix the damage they created.

    As for Japan's rising profits, read this:

    http://www.bloomberg.com/news/2013-11-17/japan-inc-profits-double-as-cost-cutting-ceos-set-recovery-pace.html

    Posted in: BOJ keeps economic outlook despite recession

  • 0

    JeffLee

    I think we all understand now that Kuroda inhabits la-la land.

    "Do you like what you see?"

    I was more terrified by what I saw in 1992 and 2008. The banks and corporations kicked the legs out from under the economies of the developing nations, and are today sitting on record profits and cash while the rest of us suffer.

    We need to have the govt and central banks fix things, before the banks scr*w us one more time. Unfortunately, officials like Kuroda are the wrong people for the job.

    Posted in: BOJ keeps economic outlook despite recession

  • 1

    JeffLee

    "What's the problem?"

    My favorite and popular izakaya and yakitori place each serve one beer brand. ONE! One serves Asahi, the other Sapporo. If a foreign brand appears on the menu (usually temporarily), it is because it is brewed or imported through a licence by one of those oligopolistic Japanese makers. That...is the problem.

    Posted in: EU urges Japan to open up its beer market

  • 0

    JeffLee

    I recall several US officials about a year ago indicating support for the hike in the consumption tax, which is what created this recession.

    So either they're hypocrites or they dont have a clue about fiscal policy, in which case they shouldnt make any comments.

    Posted in: Japan recession could slow some U.S. companies

  • 0

    JeffLee

    "Servicing the debt even at current low (manipulated) interest rates still eats up 50% of tax revenues,"

    "Eats up?" The implication is that the yen simply disappears, never to be seen again, right?

    Well, that's wrong, at the most basic level, and that's why this debt-hawk school of thought that over the years predicted skyrocketing int rates and debt defaults has been consistently wrong.

    Posted in: Aso says sales tax hike delay must not happen again

  • 0

    JeffLee

    I don't need sunglasses in Tokyo, and I've always assumed it was the photochemical smog, which filters and diffuses the light. I also dont get sunburned here as quickly as in other countries.

    Posted in: Why aren't sunglasses as popular in Japan as they are in Western countries?

  • 0

    JeffLee

    Job insecurity is at an all time high. That's why people aren't spending.

    Posted in: Japan can't print people

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