Seiharinokaze's past comments

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    Seiharinokaze

    Maintaining government spending and massive yen-printing by the Bank of Japan while putting off thorny economic reforms could mean Japan is left with an ever growing debt pile and little improvement in the economy's long-term growth potential.

    The article sounds a grumble from the Finance Ministry who is displeased with Abe prioritizing business recovery over fiscal reconstruction. But I don't think Abe fights a losing battle, for example, with JA (Japan Agricultural Cooperatives) and JA-Zenchu, though the battle just got started and is fairly under way. Abe uses TPP as a foreign pressure to push through agricultural reform domestically while letting Amari take an unyielding stand with Mr. Froman with no end game in sight even after two years of negotiation. As for an ever growing debt pile, Abe a politician who kisses the hand he wishes to cut off is having the US treasury bonds redeemed and is often reluctant to roll over them. True he has many enemies.

    Posted in: Abe pivots away from painful reforms

  • -2

    Seiharinokaze

    Despite a dearth of official records, mainstream researchers estimate up to 200,000 women, many from Korea but also from China, Indonesia, the Philippines and Taiwan, served Japanese soldiers in “comfort stations”.

    Let me know who are the mainstream scholars saying so. 200,000 is the number of women who a Korean newspaper wrote in 1970's were mobilized as "Joshi-Teishintai" to serve as factory workers during the later period of the Pacific War. Out of them, it said, 50,000 to 70,000 were estimated to be Korean women (and the rest were Japanese). And in 1973 a Japanese writer Senda Kako wrote in his book "Jugun Ianfu" based on the above news report that as many as 200,000 Korean women were mobilized in the name of "Teishintai" and 50,000 to 70,000 out of them were forced to be comfort women. Some other historians referred to his book and quoted the number in 1980's too. And then in August 1991 the news reporter Uemura Takashi of the Asahi newspaper wrote that Korean women were brought to the battle field by force in the name of "Joshi-Teishintai" and forced to work as prostitutes for the Japanese soldiers. With these gradually modified false reports, despite a dearth of official records, 200,000 has almost become a fait compli without verification.

    Posted in: Japanese right muzzling liberal media, say analysts

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    Seiharinokaze

    Yes, timtak, the Japanese are not into ideologies but into real world action. Abe established the cabinet personnel management bureau in May this year that takes the authority to manage personnel affairs of higher ranking officials from the hands of bureaucrats to the government, maybe to much chagrin of the Finance Ministry the boss manager of Kasumigaseki. Even the news of how Abe got a cold reception by Chinese President Xi Jinping at APEC may arouse a tender sentiment for him among the Japanese who traditionally have sympathy for the underdog. Also the news of where the G20 leaders slept in Brisbane, Australia might do a lot for him. Abe booked at a AUS$200 a night room at Novotel, probably the cheapest stay of all, compared with Barack Obama who stayed at a suite at Marriott Hotel at AUS$2,500 a night and Chinese President Xi at the Stamford Plaza suite at AUS$1,695 a night. Probably it is difficult to dim Abe's luster for the time being in spite of the joint front (if formed at all) by the opposition parties morally supported by Presidents Xi and Park and the NYT.

    Posted in: Opposition, too weak to take power, aims to dim Abe's luster

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    Seiharinokaze

    The data doesn't look so gloomy. The core inflation rate at 0.9% is not so bad a news for those who don't spend much and are accustomed to live in a modestly small way. Cheap yen gets tourism balance in the black for the first time in decades (Tokyo is awash with Chinese tourists) while the recent plunge in the crude oil prices will reduce the cost of energy imports, a good news for both consumers and industries. This country, though rather down on its luck now, is still something of an industrial nation ranking with Germany. So cheap yen and cheap energy cost, if both come to stay, will improve exports in time. But the problem is that the money the BOJ supplies with its asset-buying program does not actually cause much credit easing in Japan but is invested in the financial market of the US where FRB just ceased its QE after it has allowed "Bad credit no problem" type of spending spree to be occurring again. We had better brace ourselves for another sub-prime loan crisis rather than what the lackluster economy data paints for the immediate future.

    Posted in: Lackluster economic data paints gloomy picture for Abe

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    Seiharinokaze

    Abe's coalition government has 325 seats in the House of Representatives. If his agenda is to push through security-related important bills, he has better not dissolve the House when his support rate is reported to be declining. The reason why Abe decided to dissolve the House is because he was enraged by the Finance Ministry who tries to have him implement the sales tax increase to 10% on schedule in November 2015. If the economy doesn't pick up, Abenomics will fail. Abe wants to postpone the tax increase for now. The Finance Ministry thinks differently. If the economy doesn't pick up and the tax revenue decreases deepening the budget deficit, it will become a good reason for them to have to increase tax. So Abe plays his trump card (the right to dissolve the Diet) not so much against the opposition parties (moribund zombies) as against the Finance Ministry (magnum vampires), though the latter may pull wires to increase the number of LDP lawmakers who are pro tax increase.

    Posted in: Election is all about political timing

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    Seiharinokaze

    China does not want Abe to advocate the rule of law in the ocean in APEC and criticize China's action in the East and South East China See. Also the poaching of red coral by Chinese fishermen and smuggling of ivory by Xi's suite compromised China's pride. So probably they will let Abe take a seat, even though he does not meet the two preconditions for the meeting.

    Posted in: Will Abe, Xi take a seat for talks, or standing room only?

  • -2

    Seiharinokaze

    What Murakami said is almost the same as the late author Inoue Hisashi said several years ago. The Japanese got away with the WW2 by putting all the blame on the military. They regard themselves as victims who were deceived by the military and the emperor was also utilized by them. We leapt at the happy fiction of immunity though many of us like characters of Inoue's play were ill at ease knowing that it was not true and perhaps it was the best laid schemes of GHQ.

    Posted in: Author Murakami chides Japan over WWII, Fukushima responsibility

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    Seiharinokaze

    Fanning himself with a folding fan (sensu) and railing at the mass media by name in front of him is interesting to see. He even had it filmed and put on YouTube without editing for all to see in detail and let the existence of Zainichi Koreans' privileges widely known. Mr. Hashimoto should not have used the word "Omae-na" when addressing his interlocutor, which degraded or perhaps betrayed himself thus not giving a good impression to the audience. But true, Abe may be gloating over the scene backstage as what the three dudes are aiming is almost one and the same thing.

    Posted in: Hashimoto, Zaitokukai chairman get into shouting match

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    Seiharinokaze

    Abe might want Putin to "pull the plug on Russian gas supplies to western Europe" so that Merkel would turn her coat before winter comes. Staying in line with Washington on sanctions over Russia's involvement in Ukraine will help China fish in the troubled waters. It also helps BRICs establish New Development Bank as well as sort of energy security for themselves by which they trade gas/oil in other currencies than US dollar to grow out of the Bretton Woods system. Putin is clever to dangle a carrot (natural gas pipeline) before Abe who gapes while China makes a contract with Russia to buy 38 billion cubic meters of Russian natural gas over 30 years from 2018 which makes sanctions against Russia actually meaningless.

    Posted in: Abe, Putin meet in Milan

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    Seiharinokaze

    turbotsat san,

    Abe doesn't let prosecutor's office indict Asahi for its news report. He just lets Asahi take its medicine as journalism. Besides Abe's friendly approach may make Ms Park creep all over perhaps because Abe has no intention to pay any more than what was paid when the normalization treaty of 1965 was concluded in the name of perfect settlement of individual claims between Korea and Japan, and also because the cheap yen policy of Abenomics, if not successful in increasing the amount of export from Japan, weakens South Korea's export competitiveness in the automobile and steel industries, adding insult to the sharp drop in the sales of smart phones though it has nothing to do with Xperia or Aquos. Also the recent administrative action by the Financial Services Agency against KB Bookman Bank might shed light on the gross darkness behind its fraudulent loans. So Abe's style is more tricky and resourceful than Ms Park's which is rather temperamental.

    Posted in: Japan, S Korea finance ministers to meet in Washington

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    Seiharinokaze

    South Korea's recent defamation charge against a Japanese journalist nipped the possibility of a meeting between President Park and Prime Minister Abe either at ASEM or APEC. Abe so much disliked by Ms Park has no choice but to stand clear of the peninsula but he may find it not so bad as he can be a bit cold to not extend the bilateral currency swap that expires in February next year and apply himself to ruining unti-Japan clout such as the case of KB Kookmin Bank that was inspected by the Finance Ministry and ordered to suspend business for several months, which might brings more repercussions than the idiotic defamation case that only exposes the backwardness of Korea.

    Posted in: Japan, S Korea finance ministers to meet in Washington

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    Seiharinokaze

    In a figurative sense in comparison with the Tea Act, the colonists are Japanese and British Parliament is US Congress which accord every facility to the present day Company such as Cargill and AIG. Actually they are mightier than the government and the colonists might oppose the TPP even though it may reduce consumer prices, as it legitimizes the Company's ability to rule the market.

    Posted in: Japan, U.S. remain apart in trade talks, dealing blow for TPP

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    Seiharinokaze

    "China says no change in policy on improving ties with Japan", a face-saving expression which should be paraphrased "there is a change in China's policy and they will shelve their conditions for meeting Abe and Xi will meet him in APEC."

    Posted in: China says no change in policy on improving ties with Japan

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    Seiharinokaze

    The Financial Times editorial suggested that the Bank of Japan buy yet more government bonds or increase the purchase of other assets such as equity and real estate funds, that is, Japan should print more money and gush it into the market. That is what a real reformer seems to mean, according to the paper. It also urged Abe to postpone the next scheduled increase in consumption tax from 8 to 10 per cent. It even wrote that Abe's decision to go ahead with April's three-point rise to 8 per cent, though brave, may have been foolhardy. I remember that the Financial Times in line with IMF lectured Japan for the necessity to increase sales tax to readjust the state finance. The press journalism anyway seems rather freewheeling.

    Posted in: Mr Abe was never a real reformer in the same way his predecessor Junichiro Koizumi at least tried to be. He looks backward, not forward.

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    Seiharinokaze

    Neither Russia's foreign ministry nor Japan's disclosed the names of the citizens who are banned from entering Russia. That's the saving point. Sanctions will let Moscow sidle up with Beijing. Even if the Japanese banks keep from providing Russian companies with fund, China will always be ready to take advantage of loopholes. See what happened to Azadegan oil field in Iran. Abe may learn from Netanyahu and wait and see how the wind blows pretending to fight with Putin while expecting Merkel or someone to steal a march on the US before the winter comes.

    Posted in: Russia, in sanctions retaliation, bars some Japanese citizens

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    Seiharinokaze

    They just want to make a political big deal out of it. When the prime minister offers a sprig of the sacred tree out of his pocket money, it is always an offensive act whereas the emperor's act even though official one is a nonissue inasmuch as he sends his envoy to the shrine on its biannual festival and has him offer a wand of hemp/paper streamers and address to the gods enshrined in there while he himself prays remotely from the palace as is called "yohai". So it seems be a political issue rather than a moral one for the upright people and countries to rap the J-government.

    Posted in: Dozens of politicians visit Yasukuni shrine; Abe sends ritual offering

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    Seiharinokaze

    A military drill has to be prearranged at least 6 months before. Even one year maybe. It is not something to be conducted suddenly anyway. If so, we better not jump at a conclusion and join the Western condemnation of Russia yet, although to do so might suit the convenience of some people. We better take note of the fact that Putin delisted Japan from the list of import embargo even though Medvedev had included Japan in it.

    Posted in: Russia begins military exercises around Pacific islands also claimed by Japan

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    Seiharinokaze

    According to Mr Sato Masaru, an ex diplomat dubbed Japanese Rasputin, the Japanese Foreign Ministry is getting tired of being caught in dilemma between Russia and the US who may glower if Japan proceeds with the Norther territory issues and gas pipeline project off Sakhalin particularly when the Ukrainian situation is so acute. The Foreign Ministry may well jump and bite at the Russian military drill which Russia had decided to do more than six months ago as an ordinary small scale exercise so that they (the J-Foreign Ministry) may look compelled to defer progression with Russian agenda. He suggests however that Putin still sends signals by delisting Japan from the list of countries to lay under an import embargo.

    Posted in: Russia begins military exercises around Pacific islands also claimed by Japan

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    Seiharinokaze

    What the TPP promotes is globalization of the market, that is, to standardize the rules of the market in the interest of multinational corporations. Foreign investors may demand of your government that the purification level of atmosphere go backward before early 1970s so as to sell cars with polluted exhaust or that financial rules be changed so that they can sell derivatives all over the world. Get the handful of people richer while neglecting the other 99% with an empty promise of trickle-down effect coming on us some day. As Japan depends on the US for security, Abe has no choice but to sit and join the talks on the TPP. He cannot say to Obama san that it is not TPP but high-performance and usability of a product that make it accepted by the market. (TPP will not make Japanese cars sell still more in the US or its smartphones count for much in the world market.) So as it stands, he can only wait for the TPP to abort of its own accord instead of Japan's. Aso said what Abe cannot say by courtesy.

    Posted in: Aso says Obama powerless to get U.S. Congress behind TPP

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    Seiharinokaze

    Japan does it in a halfhearted way out of regard for Washington of course. Sort of alibi for stealing its way for bargaining with Russia on the other side of the hemisphere. Tokyo's seemingly lukewarm sanctions compared with those of the US and EU may be recognized by Moscow too. The president of Rosneft a Russian oil company who is close to Putin attended the Russian investment forum in Tokyo on March 19 and said that the critical situation in Ukraine won't last long and its influence on the natural gas exploitation project with Japan off Sakhalin will be limited. Must lose a fly to catch a pink salmon.

    Posted in: Japan to unveil Y100 bil in aid to Ukraine at G7 summit

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