nigelboy's past comments

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  • -1

    nigelboy

    nigelboy -- actually all I'm trying to do is point how how lame and short-sighted your point is. Even with the recent "surge" as you call it, the Nikkei stands at about 15.5 thousand, which is well less than one-half its record high of nearly 39,0 thousand. While the U.S. Dow average stands at 16.8 thousand, just off its recent all-time high of 17.3 thousand. So, despite gains over the past couple of years, investors clearly are not betting big on Japan, and, you can rest assured, that at the first real sign of weakness in economic performance by Japan, they will bail out fast. The point, which you seem to not to be willing to comprehend is that Japan's stock rise has been fueled by massive government spending, not real growth in domestic demand, as the article so clearly states. As such, the Nikkei is bound to show some growth, as speculators, especially international ones, jump in to make a quick profit. The problem is that the up-turn is not based on solid, long-term growth prospects for major Japanese companies like Sony. Japan has wasted the opportunity provided by the pump-priming by not even making a dent on Abe's "third arrow". So there will be many more Sony's in the coming years, and the Nikkei will sink once again accordingly.

    Sorry. What I recall a days of Nikkei around 7K and the government did nothing while the Fed was pumping cash like gang busters. Nikkei is rebounding because the companies are making profits. Your argument sounds like that of DPJ lawmaker during a Diet session, just casting doubts. For companies like Sony, there are virtually very little up turn based on "solid, long term" growth prospects. Therefore, the stock price is plummeting and investors bailing out. For others they are opposite with prospects looking good hence reflected on the increase in price as well as maintaining them signaling the lack of investor bailout. These are two polar opposite examples of companies that make up the Nikkei average. So in terms of measuring a corporate performance of companies in a certain country, these numbers are always used as a barometer as first.

    Posted in: U.S. billionaire's hedge fund dumps Sony stake

  • -1

    nigelboy

    ... 62km away is nothing for even a moderately sized volcanic eruption. Hell, that tiny volcano Sakurajima, regularly dusts areas 50km away with volcanic ash, and that's not even really an eruption, just a burp.

    And the last major volcanic eruption in Iceland spread ash for literally thousands of miles.

    So again, how does this affect the 62 KM apart NPP?

    Posted in: Agency warns of increased activity at volcano near nuclear plant

  • -4

    nigelboy

    A lot like the illegal bid-rigging system for construction, and the delays in starting up the 2020 Tokyo Olympic Dome -- they want to wait for a larger dollar amount in brown envelopes before 'deciding'.

    You do realize that the Prosecution had already made a decision not to indict initially, right? If there are brown envelopes involved, it would be the anti-nuclear groups giving it to the review committee to initiate this all over again.

    Posted in: Prosecutors delay decision on indicting former TEPCO execs

  • -3

    nigelboy

    Not the least by any means, but definitely the longest lasting and farthest reaching.

    I could of swore it was the last big 'natural disaster' itself that caused the longest lasting and farthest reaching problem. But I guess by you, a death of a family members spread across the entire north Pacific coastline of Japan is not that big of a deal.

    Posted in: Agency warns of increased activity at volcano near nuclear plant

  • -3

    nigelboy

    Volcanic eruptions can spread considerable amounts of ash huge distances, which can: - Disable power lines - wet volcanic ash can cause short-circuits on transformers and high voltage lines by forming bridges - Break things - High enough volumes of volcanic ash (like snow) can physically damage structures through its weight alone - And yes, this is a real concern as some areas in Japan have not built their structures with this weight in mind. In Tokyo recently we saw power lines downed because of the additional weight of snow - Corrosive - The wet ash is corrosive and can cause damage to even stone structures, eat through insulation and seals, and cause long-term damage unless it is removed promptly.

    And??? How does this affect the 62 KM away NPP under the new guidelines?

    Posted in: Agency warns of increased activity at volcano near nuclear plant

  • -6

    nigelboy

    That's hardly fear-mongering. It's about as understated as you can get with "volcano," "nuclear plant" and "Increased activity" in the same headline.

    It's 62 KM away. If you use it as a radius, it covers virtually all of Kyushu.

    If there is going to be an eruption that is going cripple a nuclear plant under the new guideline, the nuclear fallout is the least of the problem for they should now declare the entire Kyushu as a no go zone and start relocating the residents now.

    Posted in: Agency warns of increased activity at volcano near nuclear plant

  • -8

    nigelboy

    Agency warns of increased activity at volcano near nuclear plant

    The authorities are basically closing off 1 KM radius around the mountain as an abudunce of caution. Love the fear mongering spin by Reuters with their headline.

    Posted in: Agency warns of increased activity at volcano near nuclear plant

  • -1

    nigelboy

    nigelboy -- you really do live in an alternate universe. As afjp330 states, ALL the major Japanese electronics firms have been hemorrahaging red ink the last few years, (and these companies were once the pride of Japan due to their global presence) and, as he further points out, Japan's labor laws have kept them from even performing effective re-structurings. And, you are right, companies from "developing" nations are making a huge impact. The question is what is Sony and Japan doing to respond to that? Are you not aware that Japan's domestic efficiency is among the lowest of the major countries?

    Sfjp330's post is a copy/paste job in regards to Sony by Jake Adelstein a couple years ago. If you want to talk about Sony exclusively and their failures under Stringer and the current boss, then stick with it. What I'm arguing is the performance of other companies in Japan that are doing quite well, hence the surge in Nikkei under Abe. Your lame attempts to change the goal post again is pathetic.

    Posted in: U.S. billionaire's hedge fund dumps Sony stake

  • 0

    nigelboy

    There is no legal gambling in Japan.

    Smithinjapan.

    Pandabelle is absolutely correct. You are dead wrong.

    Posted in: Casino bill delayed again; resort opening could miss Olympics

  • -2

    nigelboy

    When I said Sony's performance and the overall Japanese economic outlook -- without significant reforms -- are analogous. And, that the stock market's performance is in no way helping to contrubute to any economic revival in Japan.

    No. You basically substituted the words from Loeb quote even though he wasn't referring to Japan, in general. Hence I made the response to which counter for they are not analogous. Why is this so hard to understand?

    I say you are dead wrong, and, as usual, ignoring the obvious decay in the Japanese economy. Sony does in fact represent the dozens and dozens of zombie corporations that still exist in Japan living off their former glory days -- who refused to change with the times and could survive due to a protected home market, and lots of cheap bank loans. But the global economy is weeding those companies out, and, unless the reforms needed to move the employees and capital to more competitive companies happens, Japan will continue to decline.

    No. Sony is one of the Big 8 electronic companies in Japan (one of six Fortune's Global 500 electronic firms) that lost it's market share within Japan which is mainly the cause of their so-called "decay". And this isn't Sony or Japan alone for there are now companies from "developing" nations that are making impact.

    Posted in: U.S. billionaire's hedge fund dumps Sony stake

  • 1

    nigelboy

    Do you want me to apologize for being correct? I never said I was intelligent, but I did major in econ and one thing I took away from it is that public finance in soverign economies like Japan or the US is distinctly different from household finance. When people assume otherwise, that private debt is like fiscal debt, well, then they tend to make wrong predictions. Not that it hurts their credibility among the economically illiterate.

    JeffLee is absolutely correct. The operative phrase here is that "is distinctly different from household finance" which for these doomsayers, just can't simply comprehend after all these years. It's a net/sum zero game on Japan's (which includes individuals, corporations, and government's financial assets and liabilities) balance sheet.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • -2

    nigelboy

    Conflict of interest? Is Miyazawa serving as a board of director? The lengths that people go through to expand the definition is amazing. He's a trade and industry minister. You can basically make an argument that people that are appointed in that position shouldn't own any stocks for he does conceivably make decisions that affect any industry.

    Posted in: Minister hit by bar scandal also under fire for owning TEPCO shares

  • -1

    nigelboy

    nigelboy -- actually I do, and if you truly understood economics, as you purport to, you would know that stock market performance does not in any way drive the economy. The plain fact of the matter is that Japan's economy is "fragile" at best, which both domestic and international experts have stated, and without bold actions -- namely some real structural reform -- it may well follow in Sony's path. And then, the stock market you so proudly point to, will tank, just like Sony that now has junk bond status, as international investors bail out.

    I sometimes wonder why you do not see any hypocricy in your own argument. To put it simply, a single company's financial performance and it's relative stock price decline does in no way signal the entire nation's economic outlook. That's why I alluded to the "stock market" (as in Nikkei).

    Posted in: U.S. billionaire's hedge fund dumps Sony stake

  • -4

    nigelboy

    Not only does 政治資金 include my tax money - it makes up the largest part of it. http://sankei.jp.msn.com/politics/news/131130/stt13113009230007-n1.htm

    It doesn't for this is classified as 資金管理団体 which is part of the 政治資金 criteria which does not include tax money.

    As in this case, the funds were used by "宮沢会” in which they consist mostly of private donations.

    The records (income/expense) can been viewed here.

    http://www.soumu.go.jp/senkyo/seiji_s/seijishikin/contents/131129/1407300061.pdf

    From page 32-35, 交際費 which is "entertainment expenses" can be found with the name of the establishment and the amount.

    Therefore, this only made news because of the "SM themed" nature of such establishment.

    Not sure you have thought this through.

    The same question applies to you.

    Posted in: New trade minister hit by S&M bar scandal

  • -3

    nigelboy

    Substitute the words "Japan" for "Sony", and "country's" for "company's", in the above sentence and you pretty much capture the economic outlook for Japan to a T.

    It doesn't. It simply shows you don't follow the stock market.

    Posted in: U.S. billionaire's hedge fund dumps Sony stake

  • -8

    nigelboy

    Seriously? With all of the serious issues that politicians ought to be thinking about these days, the economy, what to do about nuclear energy, etc., politicians are being forced to resign over giving away paper fans and someone's staff spending 18,000 yen at a bar? (S&M themed or otherwise)?

    That's what the opposition party does when things are desperate. You can check the web and people are already posting past conducts by DPJ members that pale compared to these.

    As usual, many posters are misinformed for these are not 'tax dollars' that were used but donation to candidates. Each Diet member are required to disclose this income/expense statement for these, (政治資金) While the rules regarding the income portion is more strict and are subject to scrutiny (i.e. Bribery), the expenses are pretty much unregulated for "entertainment expense" is allowed and recognized.

    So why is this news? Because they (DPJ whistle lowers) went through and researched every single one of those 'bars' that was expensed and found out one happened to be a "SM themed".

    Posted in: New trade minister hit by S&M bar scandal

  • -2

    nigelboy

    Kazuaki Shimazaki is correct for the criminal liability, you need to show proof beyond a reasonable doubt. What we see many of these post are emotional judgments based on hindsight.

    Posted in: Prosecutors set to rule on Fukushima indictments against TEPCO execs

  • 1

    nigelboy

    And, nigelboy, "it bears repeating" that the collective GDP's of those 8 countries you mention don't even make it on the radar compared to the U.S. So please stop trying to use that to support your point. You know full well the U.S. market is the carrot for all these countries, especially Japan, so it has the right to play hardball.

    I've stated all along that this TPP is a defacto EPA/FTA between U.S.and Japan. But as usual jerseyboy, you're all over the place. By stating above, you've essentially admitted to the fact this is not about 'equal' terms but the parties who have the weight will try to push forth their demands that would suit their interests. However, Japan isn't caving in to U.S. demands especially in the light of the fact that if such agreement were to be made, they run the risk of being rejected by the Congress. And don't go mouthing off about U.S. playing fair for they have explicitly stated that they too have their own "sensitive" sectors that will be protected.

    Posted in: U.S. urges Japan to be bolder in opening markets

  • -1

    nigelboy

    Miyazawa graduated Tokyo Kyoiku Daigaku which is not Tokyo Daigaku.

    http://www.miyazawa-yoichi.com/profile/index.html

    Posted in: Abe names replacements for trade, justice ministers

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