ThonTaddeo's past comments

  • 4

    ThonTaddeo

    Abe presented data showing global commodities prices fell 55% from June 2014 to January 2016, the same margin as from July 2008 to February 2009, after the Lehman collapse.

    Unreal. Commodity prices falling by 55% on two separate occasions indicates that before the drop there was a bubble that was strangling ordinary households (remember $147/barrel oil in 2008?) with prices so high that they had that much room to fall.

    Abe has made it clear that he wants ordinary consumers to pay more and more for everything they buy, so of course he views such price drops, which are a godsend to people who needed to heat their homes and drive their cars, as a bad thing. If he had his way, governments like his would issue as much debt as they liked and then, after rampant inflation, pay it off with worthless debased money. And he would expect the people to stand up and cheer for this, because he's got them feeling prideful about their nation again. Sneaky, isn't he? And arrogant and entitled beyond belief.

    Posted in: Abe points to 2008 crisis as G-7 leaders debate global risk

  • 2

    ThonTaddeo

    Does every change really have to be a "soar" or a "plummet"?

    These news reports tend to use words like "soar" (I see they have since changed it to "surge") if the yen rises by even a few tenths of a percent, but never use any strong language when the yen falls by similar amounts. It's clear where their bias lies.

    Posted in: Mystery yen jump turns back dollar rally

  • 1

    ThonTaddeo

    offsetting any potential damage this time with a huge government spending package.

    This always gets repeated by government officials without much skepticism. "Offsetting" the damage done by making consumers pay more for their goods... by issuing debt and debasing the currency so that, again, consumers will pay more for their goods.

    It's only an "offset" for the rapacious government, who will lose some of the additional revenue they take in with the tax increase. For the regular working taxpayer, it's getting slammed from two angles instead of one.

    Posted in: Abe aide says raising sales tax would win global trust

  • 0

    ThonTaddeo

    Trump may have been able to pick up property for cheap and make out like a bandit, but in general the housing bubble was a bad thing.

    Its bursting was much-needed relief for any younger American looking to buy a home for the first time, and another burst of the current bubble would also be a tremendous boost.

    The only people who would have benefited from housing prices perpetually rising into the stratosphere would be people who had already purchased the biggest or most expensive home they would ever own and are looking to sell and make a big score before downsizing in retirement. This sounds like the baby boomers -- Hillary's base -- so I'm not surprised that she would take a position that implies that it's somehow desirable to see that generation continue to suck wealth from everyone below them.

    Can you imagine populist Sanders saying "housing prices must remain high!"?

    Posted in: Clinton blasts Trump for cheering housing bubble burst

  • 1

    ThonTaddeo

    I wonder how many protesters drove to the protest.

    Probably zero, or close to it. The protest was held in front of the finance ministry, in Tokyo. So you can't accuse these protestors of hypocracy on that point.

    Posted in: No fossil fuels

  • 1

    ThonTaddeo

    How to boost demand? The solution to that is something every store owner has understood since ancient times: lower prices. (For visual proof, just watch some Osakan obaasan fight over discounted goods at the department store.)

    Now for the quiz: what is Japanese prime minister Shinzo Abe most opposed to, and what is he trying frantically to brainwash the public into thinking is bad, and is destroying his people's currency in order to prevent?

    Posted in: Abe says G-7 need to boost demand, address supply constraints

  • 20

    ThonTaddeo

    It is depressing indeed that a decision that will have major effects on the financial health of millions of working people is basically at the whims of one man.

    One man who was born with a silver spoon in his mouth, has no common touch, and considers the entire nation to be servants to his bidding.

    How about Abe saying, "Let's let each prefecture's legislature vote on whether the tax should be raised or not"? How about "Let's roll it back to 5% or even eliminate it entirely"?

    Of course such things are not being considered.

    Article Unavailable

  • 4

    ThonTaddeo

    In a more typical Japanese company if a person is late they can cover the missed amount of time with their vacation/leave time so there would be no salary cut.

    Yubaru, you'd be surprised: in some very well-known and desirable companies, a single minute late means being penalized half a day of vacation time, and it can't be made up with even a much larger amount of unpaid overtime.

    Punctuality is important, but here it is really taken to extremes at times.

    Posted in: Newly hired Japanese list 5 business manners they find unnecessary

  • -1

    ThonTaddeo

    There is no clear records about Ainu origins but they don't seem indigenous people but people who came from Sakhalin and resided in Hokkaido..

    Know why this is, Tina? Because the Ainu themselves never developed a writing system to keep their own records, and because the invading Yamato, who are also not indigenous people but people who came from Korea and resided in Yamato, could not be bothered to try to understand their neighbors.

    And the Ainu came a lot earlier than the Yamato. That makes them indigenous from the perspective of their sisam neighbors to the south.

    Article Unavailable

  • 1

    ThonTaddeo

    Yubaru, I've heard "duvet" in the US. I'm from the northeast, and as you know there's plenty of linguistic variety within the US. It wouldn't surprise me at all if there were areas where 'duvet' was unknown.

    Article Unavailable

  • 7

    ThonTaddeo

    Props to that cleanup man who recovered 4 million yen amongst the detritus of Kaoru the stripper, who thought she only had 200,000 to spend. A less honest person would have made off with it!

    Posted in: Messy 'manshons' less visible than junk houses, but just as filthy

  • 3

    ThonTaddeo

    If Japan is currency manipulating, why is the yen high?

    Tina, the yen was at ~80 to the dollar before the LDP got elected, and is around 106 now.

    Perhaps you are letting Taro Aso do your math for you, because a decline of more than 30% is the very opposite of "high".

    Posted in: Merkel, Abe differ on how to fix world economy

  • 5

    ThonTaddeo

    Who is going to defend Japan?

    Defend Japan from what?

    Japan has not been attacked by a foreign power in decades. If boogeyman China finally sends a few boats further into Japanese waters and actually starts shooting at Japanese people, the Self-Defense Forces already exist, and have the constitutional ability to defend Japan domestically.

    Am I missing something?

    Article Unavailable

  • 4

    ThonTaddeo

    “The yen strengthened by five yen in two days. Obviously one-sided and biased, so-called speculative moves are seen behind it,” Japanese Finance Minister Taro Aso told reporters at Haneda airport Saturday.

    Hey Taro, where were you when the yen weakened by similar magnitudes, again and again, back in 2013-2014?

    Replace "strengthened" with "weakened", and the exact same quote could be uttered by someone opposed to your destructive policies.

    Oh, wait, back then it wasn't "speculative" -- it was your party intentionally destroying the savings of your people.

    Posted in: Recent rise in yen extremely worrying, says Aso

  • 8

    ThonTaddeo

    CH3CHO and Fxgai correctly point out what nonsense Kaotu Tozaki's conclusions are. An untaxed hoard of 200 trillion yen might generate a one-time 60-trillion yen tax receipt for the government -- 30% of the total--, assuming none of it was taxed before it escaped the country, but that would be the end of it. Governments don't get to repeatedly tax cash holdings at the income tax rates year after year -- the money would be entirely taken away in just 3 1/3 years!

    Posted in: Japanese money in offshore tax havens could solve a lot of problems at home

  • 1

    ThonTaddeo

    How some people can go inside of N Korea? What kind of visa USA issue to them?

    Your country of citizenship doesn't issue you a visa so that you can leave -- at least not in modern democracies. It's the country you are entering that gives you permission to enter.

    Posted in: North Korea sends another U.S. citizen to prison

  • 0

    ThonTaddeo

    A strong yen makes products more expensive in overseas markets and erodes the value of repatriated earnings.

    Everybody see this copy-and-paste Abe/Kuroda propaganda popping up in various articles now?

    A strong yen also makes it really easy for Japanese makers to source imported products, to ship their products, to attract the most talented and educated employees to work for them, and for Japanese consumers to buy anything they desire.

    Yet somehow this view doesn't get much play in these news articles.

    Posted in: Canon downgrades full-year profit, sales forecasts on China, yen

  • 0

    ThonTaddeo

    57.7%—said they feared terrorist attacks, disturbances in their daily lives because of increased security, or had other concerns.

    I'd like to see the breakdown of this 57.7%, because the probability of the first thing happening is really low, whereas the second one is a National Police Agency-guaranteed certainty.

    Article Unavailable

  • 2

    ThonTaddeo

    Hiro S., I don't see why Okinotorishima is being brought into this discussion. The Senkaku (Tiaoyü, etc.) islands are very far above water, are genuine islands in every sense, and have even been inhabited -- by Japanese and Okinawans -- in the past.

    Japan and Taiwan are friendly indeed and we can see this by the fact that the two countries have never really bickered over these little islands until the big, bad PRC (whose plans seem to be "get these islands attached to Taiwan and then take Taiwan back into the motherland") got involved.

    If the PRC would just stay out of this issue entirely, with Japan and Taiwan as the only two sides, it could probably be amicably resolved.

    Article Unavailable

  • 1

    ThonTaddeo

    No one suffers from an appreciation of the yen except Japan.

    By "Japan" he of course means not the Japanese people, who would benefit tremendously if their savings were allowed to appreciate, but rather the Japanese government, which relies on currency devaluation and inflation to steal the value of its people's savings. It is disheartening that this economist seems to only care for the wants of a rapacious government with an obscene sense of entitlement and not for the needs of the people forced to live under it.

    Posted in: No one suffers from an appreciation of the yen except Japan. Almost all nations are struggling with a weak growth and they have little tolerance with Japan after allowing the yen to weaken in the past three years.

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