TokyoVP said...

TokyoVP at 11:35 PM JST - 20th October

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

Posted in Japan stocks higher on corporate earnings hopes at 11:35 PM JST - 20th October
TokyoVP at 09:01 PM JST - 18th October

Great...fifty more channels of tarento and food shows. Umaiii!

Posted in 53 firms eager to air broadcast satellite-based digital TV programs at 09:01 PM JST - 18th October
TokyoVP at 05:00 PM JST - 16th October

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 at 05:00 PM JST - 16th October
TokyoVP at 11:38 PM JST - 11th October

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…

Posted in Japan to propose bailout fund at G-7 summit on financial crisis at 11:38 PM JST - 11th October
TokyoVP at 07:19 PM JST - 11th October

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 at 07:19 PM JST - 11th October
TokyoVP at 06:57 PM JST - 11th October

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? at 06:57 PM JST - 11th October
TokyoVP at 06:26 PM JST - 11th October

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…

Posted in Japan to propose bailout fund at G-7 summit on financial crisis at 06:26 PM JST - 11th October
TokyoVP at 01:06 PM JST - 11th October

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…

Posted in Japan to propose bailout fund at G-7 summit on financial crisis at 01:06 PM JST - 11th October
TokyoVP at 05:04 PM JST - 10th October

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 at 05:04 PM JST - 10th October
TokyoVP at 08:00 PM JST - 8th October

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…

Posted in Nikkei plunges 9% to 5-year low on panic selling at 08:00 PM JST - 8th October