Wednesday February 15, 2012

TokyoVP's past comments

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    TokyoVP

    Aso, eager to garner political points, calls Obama:

    Aso: Hello, Mr. Obama, this is the Prime Minister of Japan.

    Obama: Yes, Prime Minister Aso, how are you?

    Aso: I want to talk about our common values between Japan and America.

    Obama: ...ehh, excuse me, Mr. Aso, I believe the connection is bad...

    Aso: Moshi, moshi...

    Posted in: Aso among 9 leaders to speak with Obama on phone

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    TokyoVP

    Domestic car sales in Japan have declined 13 consecutive years.

    While Japan may take pride in becoming the world's biggest producer of automobiles, the people of Japan can not afford to buy the cars they produce.

    This is a case study of both capitalism gone wrong in Japan and the impotence of Japanese politics....neither serve the people of Japan.

    Posted in: New vehicle sales down 13.1% in October

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    TokyoVP

    Yes, way to go...now only 30,000 points remaining to reach the 1989 high.

    Posted in: Japan stocks higher on corporate earnings hopes

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    TokyoVP

    Here is another option Japan should consider: Accept the unacceptable and bear the unbearable as all of those foreign reserves ($950 BILLION in US T-Bills) disappear when the US defaults on repayment. Aso can then claim Japan bailed out the US and saved global capitalism!

    Posted in: Aso says U.S. bank bailout 'insufficient' and causing renewed stock market plunge

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    TokyoVP

    Who is reporting the level of household savings? Banks?

    Who can trust information from Japanese banks that denied bad loans for years?

    My point was that most Japanese have no faith in the pension system, nor the companies, government or unions. If you can not trust the government to keep your pension from corruption, then why should you trust banks to keep household savings safe and sound? Japanese banks were near collapse only seven years ago. If you believe "rich Japan" is a myth, then why do you believe reports on massive household savings??

    Posted in: Japan to propose bailout fund at G-7 summit on financial crisis

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    TokyoVP

    And Japanese banks are sitting on a "mountain of cash" from household savings. So says CNN and the New York Times...but they only report what "Japanese in the know" tell them. There seems to be a huge disconnect from this story and what you read about Japan's banks.

    Posted in: Mass despair permeates working class

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    TokyoVP

    News flash: The US has defaulted on foreign owned T-bills and is offering repayment in the form of exports.

    Posted in: What has to be done to stabilize world financial markets?

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    TokyoVP

    I see...Japanese workers do not need a pay raise since they are sitting on "huge amount of savings" in banks. They are working their collective asses off for the good of the country, sitting on a mountain of cash and do not need to be paid for over-time work. And the Japanese pension system is a safe as the trust you have in the government...and in bank statements.

    The myth of rich Japanese/Japanese banks is just as bad as the myth of Wall Street arbitrage as a sound investment.

    Posted in: Japan to propose bailout fund at G-7 summit on financial crisis

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    TokyoVP

    Huge level of domestic savings is the source of cash in Japan's banks?? Go figure. Wages in Japan have been stagnant for ten years, pensions are not sound, and consumers will not spend. How did domestic savings fill bank coffers in Japan??

    There is a great myth floating throughout the financial world now: Japan is sitting on a mountain of cash. Horse hockey! The source of this myth is probably the same people who blew off the pension mess and tainted rice scandal. They now are saying the Yamato insurance bankruptcy is unique.

    As Japan's export driven economy tanks, let's see just how strong those Japanese banks really are.

    Posted in: Japan to propose bailout fund at G-7 summit on financial crisis

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    TokyoVP

    When will Uncle Sam drop the other foot by defaulting on all of those foreign owned T-Bills?

    Posted in: Mid-sized insurer Yamato Life goes bust, affecting 1,000 employees

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    TokyoVP

    The US sells around 30,000 cars a year in Japan, while Japan sells about 3 million a year in the US. The auto market is closed in Japan, as are other sectors. Japan's long-running trade surplus, after 26 consecutive years, ended last month as exports to the US dropped 25%....something decades of trade negotiations failed to accomplish.

    Talking points for the Bush-Aso Summit:

    Bush: Welcome, Taro. We've got a real mess with the financial markets.

    Aso: We Japanese want you to fix mess, quickly, for radiant happy Japan.

    Aso: Our exports to America dropped 25%, bad for radiant happy Japan.

    Bush: Sit down, Taro, I want to share with you an old story my Mom taught me.

    Bush: You see, Taro, there once was a golden goose.

    Aso: America must fix market, Japan must export for happy radiant Japan.

    Bush: Taro, listen, this golden goose laid golden eggs, but then one day...

    Posted in: Nikkei plunges 9% to 5-year low on panic selling

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    TokyoVP

    The new economic paradigm: Pay as you go, no more credit. This will also apply to the balance of trade.

    Meet the new boss, same as the old boss.

    And those countries that played the mercantile trade surplus game, decade after decade, will have the most to lose in the future.

    As the world heads into deep recession, does anyone in Japan believe they can export their way out of this mess? Thus spoke the Nikkei market today.

    Posted in: It's curtains for turbo-capitalism

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    TokyoVP

    Say good-bye to the old paradigms.

    So, sorry, we can't afford to buy your exports anymore.

    Posted in: Nikkei plunges 9% to 5-year low on panic selling

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    TokyoVP

    This is like Japan buying Pebble Beach and Rockefeller Center in the 1980s. The wrong investment at the wrong time. Does anybody believe there is a bright future for investment banking over the mid-term?

    Posted in: Fed OKs request for Japan stake in Morgan Stanley

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    TokyoVP

    I guess the Cabinet vetting process is only a matter of who has the fewest bones in the closet to hide?

    Perhaps the LDP election strategy is simply to hold the election as quick as possible before the next scandal surfaces?

    Posted in: New Chief Cabinet Secretary got donations from questionable sources

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    TokyoVP

    Aso is to the LDP as Gorbachev was to the Communist Party of the Soviet Union. He'll be the last LDP Prime Minister.

    Posted in: How do you think Taro Aso will do as prime minister?

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    TokyoVP

    The real story is the end of single party rule in Japan after 60 years.

    Henry, explain how Aso is going to reform the LDP?

    Posted in: Aso's last stand

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    TokyoVP

    The fanatical pursuit of perfection...applied by perverts!

    Posted in: 4 charged in underwear theft cases in Aichi, Chiba, Kanagawa and Niigata

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    TokyoVP

    Men who die for their country should be honored. The Vietnam Memorial in Washington does not opine on a just war or if the cause was good. This is the trouble with Yasukuni and the Yushukan museum. There are too many speeches and displays disturbing the hallowed grounds of the souls who died; souls that died probably knowing very well the cause was lost and wrong. How many Americans died in Vietnam believing that their ultimate sacrifice really had meaning...in 1970, 1971, etc.?

    Here is the problem of Yasukuni in a nutshell. As you enter the Yushukan, the first locomotive to run on the Thai-Burma railway stands front and center. The West remembers this train from the movie, "The Bridge Over the River Kwai," but Yushukan's display of the locomotive can only praise the accomplishment of building the railway! It stands as the Imperial train of death, a hellish twin to the train cars of death heading to Auschwitz. One can only wonder how many slave laborers and POWs died under the the wooden railroad ties and iron spikes that form the foundation of Yushukan's locomotive?

    The politicization of Yasukuni, with the displays that explain that ends justify of the means, is what keeps this issue alive every year. Japan cannot enshrine Tojo and his wartime Cabinet at Yasukuni and expect the rest of the world to mind their own business.

    Posted in: Yasukuni

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    TokyoVP

    Ok, that was quick...what was the punishment for the Sumo Stable Master who supervised the murder, by bully beating with beer bottles, of a teenage wannabe wrestler earlier this year? Is he still on trial??? Was he banned for life???

    Posted in: Russian sumo wrestler banned for life

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