JeffLee's past comments

  • 5

    JeffLee

    It's not common elsewhere in Asia, either.

    Posted in: Why do Japanese people seldom hug friends or family in public?

  • 14

    JeffLee

    "On the other hand dismissing quite legitimate anger and calls for reflection for acts including DROPPING NUCLEAR BOMBS on 100s of 1000s of men, women and children because, well it's off topic or, well, you guys started it and anyway"

    Clearly, those are NOT the reasons. The bombings brought a quick end of the war, saving many more lives on both sides, and preventing Stalin from carving off a big piece of Japan for himself.

    The equivalency simply doesn't fly. What were the strategic objectives of torturing ill and defenseless POWs? Answer: zero. It was pure, unnecessary sadism encouraged by a supremacist creed.

    Posted in: Japan's view of WWII history rankles some U.S. veterans

  • 0

    JeffLee

    Burned fragments, and the guy could recognize them as human remains? In the toilet? Ug. so they had to fish the pieces out of the bowl. Gruesome work.

    Posted in: Fragments of human skull found in supermarket toilet

  • 0

    JeffLee

    Buildings are the largest source of greenhouse emissions. And guess what, Japan is perhaps the only developed country in the world where you can still use single glazing in new buildings.

    Insulation levels are also considerably lower.

    Japan has much scope to achieve the targets, thru mandatory building codes, which, duh, everyone else does.

    But the Japanese would rather throw words and symbolic gestures at the problem, rather than action.

    Posted in: Japan to hike target for emissions cuts to about 25% by 2030: media

  • 1

    JeffLee

    Small populations -- the key to personal fulfillment, safety, high living standards, etc. I wish policymakers could acknowledge that fact.

    Posted in: Switzerland, Scandinavia top global 'happy' index

  • -1

    JeffLee

    "20 minutes? Come on."

    That figure is from Kenichi Omae, a prominent management consultant. You'll have to factor in all the concourses as well. Ever ridden the Oedo Line? The stairs, concourses and escalators seem to go on forever. Some escalators routinely have lineups to get on.

    "the N'EX is still a better option for MOST people, especially if they're going to West Tokyo."

    The last time i took it, it was an hour and 20 minutes to Shinjuku to station. When it hits Tokyo station, it then inches along the Yamanote line at commuter train speed.

    Posted in: Maglev train sets world record speed of 603 kms per hour

  • -1

    JeffLee

    @Strangerland

    The Maglev's platforms are going to be 40 meters underground, so tack on an extra 20 minutes beyond the Shink time to your journey time.

    And if your office happens to be in Shinagawa and your client's right outside Nagoya Station...great! Otherwise, like the vast majority of people, you'll need to factor in quite a bit more time. When I go to Shinagawa, my quickest approach is nearly always the Yamanote, an every stop line, and it takes quite a while.

    For instance, the Skyliner to Narita is 36 minutes. But my actual journey from fairly central Tokyo is about an hour and a half. When the new trains and improvements shaved the Skyliner's time, it made only a tiny difference to my total journey.

    Posted in: Maglev train sets world record speed of 603 kms per hour

  • 0

    JeffLee

    "Getting to my destination quicker on my business trips is just so inconvenient."

    I wonder how many people are routinely going on "business trips" in Japan? I never do anymore. We're using Skype conferences, teleconferences, etc. a lot more than before. Even in cases where it saves people the time of traveling across Tokyo!.

    Given that, plus Japan's declining population, and the widespread concern about constraining costs in both the public and private sectors, you must wonder about the viability of a really expensive future Maglev network.

    Posted in: Maglev train sets world record speed of 603 kms per hour

  • 0

    JeffLee

    "Does that have anything to do with sovereign ratings?"

    It depends whether any of Moody's clients are shorting JGBs.

    Posted in: Fiscal target delay would pressure Japan debt rating: Moody's

  • -1

    JeffLee

    jerseyboy

    Moody's (and other agencies) continue to be paid by the banks and companies they are supposed to rate objectively. If you don't think that represents a, um, conflict of interest, then, well....I have no words for you.

    This situation existed before the financial crisis they helped create....and it is true today. How's that for "relevance"?

    Additionally, because they pay relatively low compensation, they have trouble attracting analysts and others who fully understand fields they're tasked to evaluate. We have very good reason to be skeptical of their ratings and findings.

    http://www.theguardian.com/business/2011/aug/22/ratings-agencies-conflict-of-interest

    Posted in: Fiscal target delay would pressure Japan debt rating: Moody's

  • -3

    JeffLee

    "To start, the Moody's sub-prime issue is old news -- like circa 2008"

    Indeed, the worst financial disaster in living memory is a completely irrelevant because it happened 6 years ago. LOL.

    People who work at the credit rating agencies are the ones who couldn't get jobs on Wall Street. They are not the sharpest tools in the shed. You can spot them in Otemachi or wherever because they're the ones wearing the 30,000 yen suits and scuffed shoes.

    Posted in: Fiscal target delay would pressure Japan debt rating: Moody's

  • 1

    JeffLee

    I just hope it isnt forced to adapt to Japanese tastes, which one local place in my neighborhood did: lots of wasabi-mayonnaise, purple-colored chicken breast heavy with oil with rubbery skin, and piles of rice where there should have been tortillas or something corn-based, no or very little hot sauce, sour cream or guacamole.

    Otherwise, I welcome it.

    Posted in: Taco Bell opens its first restaurant in Japan in Tokyo's Shibuya district on Tuesday. How do you think they'll do?

  • 0

    JeffLee

    "If printing money were good for economies, wouldn't that mean Zimbabwe should be a superstar?"

    So you concede that Zimbabwe is not comparable to Japan's? That's odd, b/c in the past you've raised Zimbabwe a number of times in reference to the supposed crisis and risks Japan could face (none of which have actually happened, naturally).

    All currency issuing economies, like Japan, the US, the UK and Switzerland, print money. If they didn't, there would be no money in the economy, and then no economy.

    "Then answer my question: And with one working age person, paying to support four retirees, savings will be nil. So just where does this money come from? Of, that's right, they just print more?"

    Japan technically has a limitless supply of yen. The govt needs to print yen whether it likes it nor not. Pension payments are good avenue, since the money tends to be spent on local goods and services. I dont see Norway, Sweden, etc. and other generous welfare and pension-giving states in any fiscal crisis.

    Baby boomer families in the US in the 60s were typically large with a single income earner. It had a skewed ratio of economicially engaged to non-engaged. So how did the US not just pay to support the rocketing number of the kids in public schools, but stage an economic boom at the same time?

    Posted in: Japan's population falls for 4th straight year

  • -3

    JeffLee

    "The banks are part of the larger conglomerates, which also contain the largest land developing companies."

    You said "owned" in your original post. So you were wrong, But your subsequent goal-shifting damage control attempt is also wrong:

    Mitsu UFJ major shareholders:

    Japan Trustee Services Bank 7.47% The Master Trust Bank of Japan 4.44% Nippon Life Insurance Company 2.01% ADR Holders (held by the Bank of New York Mellon) 1.94% State Street Bank 1.53% State Street Bank (China clients) 1.27% Meiji Yasuda Life Insurance Company 1.23% The Chase Manhattan Bank, N.A. London Secs Lending Omnibus Account 1.14% Toyota Motor Corporation 1.05%

    Posted in: Modern Japan - land of small government

  • -1

    JeffLee

    "Thank God I avoided a Canadian education."

    When your debating opponents must resort to personal slights or insults, then you're won the debate.

    "one two outcomes -- high levels of inflation"

    When your debating opponents resort to citing things that don't happen, then you're won the debate.

    "So just where does this money come from?"

    Where do you think the YEn comes from? It comes from government spending. Explain to me how Japan will run out of a currency it has the sole authority to issue. While you're at it, cite me some evidence the debt is harming the economy.

    "your comments are ludicrously simplistic and amateurish."

    LOL. The simplistic amateurs are the ones who think public finance is run like household finances.

    Posted in: Japan's population falls for 4th straight year

  • 25

    JeffLee

    The brain trust is at work, I see. Simple solution: create shade cast by trees with long, unpruned branches. It works nicely in Singapore where some sidewalks have vegetation "tunnels" .

    While they're at it, replace the concrete in parks and public areas with grass and add trees that aren't pruned down to toothpicks.

    Posted in: Gov't discusses ways to keep streets, sidewalks cool during 2020 Olympics

  • -3

    JeffLee

    "The government in Japan is not like the governments in other places."

    Because it spends less and gets more? Indeed, that's the writer's point.

    The domestic banks finance the governmement by buying bonds whenever the government issues them.

    Hello, that's true in the other economies as well, Although now in Japan the BOJ is buying all the new bonds, so you got that one about as wrong as you could be. Next!

    "the contracts for these projects are awarded to companies which own the banks"

    Mitsubishi UFJ Financial Group and the like are owned by construction companies? Which ones?

    Posted in: Modern Japan - land of small government

  • -3

    JeffLee

    "I wonder how many people in Korea buy Sony TVs rather than Samsung TVs, or Chinese TVs like Hisense"

    I wonder how many Koreans demand that Japanese logos be removed from Japanese products and replaced by Korean ones?

    Posted in: Samsung removes logo from smartphones in Japan

  • -5

    JeffLee

    If population growth were good for economies, then Africa and the Mideast would be superstars. Reality check: Rich countries have low birthrates, poor countries high. Get used to it.

    Japan can continue to pay pensions and other obligations because all it has to do is press its monetary-issuing button well after the funds run dry. That's what you get for being a mature developed economy with no external debt and a sovereign currency.

    Posted in: Japan's population falls for 4th straight year

  • 5

    JeffLee

    "Japanese consumers buy something when they like it, despite the nationality of the products."

    If that were true, Yodobashi Camera would be filled with TVs by Samsung and LG, as with electronics retailers in every other country in the world. And Hyundais and Kias would be a common sight on the roads. But... they aren't.

    Anyway, Mitsui Mtsuyama's comment expresses the common sentiment, and it sinks your argument about the "rationality" of Japanese preferences:

    "I personally dont like Korean brands....I still go for those Japanese brands."

    Posted in: Samsung removes logo from smartphones in Japan

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