Wednesday February 15, 2012

JAPAN NEWS AND DISCUSSION

nigelboy's past comments

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nigelboyJan. 23, 2012 - 05:58PM JST

http://www.mbs.jp/news/kansaiflash_GE120123110200532658.shtml

It appears the culprits didn't care who it was.

Article Unavailable
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nigelboyJan. 21, 2012 - 04:57AM JST

Clearly history has illustrated that it is job creation that offsets major economic declines. The New Deal was a key factor in the US recovery from the great depression. The same applies to nearly every other example where economic depression was addressed with job creation.

Clearly?? Please. Jobs that were originally created by the government in of itself will eventually be labeled as "waste" as a part of big government. This is what history has clearly illustrated.

Posted in: No one is saying we don’t need sales-tax hikes in the future. If you’re a politician, you know the fiscal situation.
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nigelboyJan. 19, 2012 - 08:19AM JST

Tkoind2

With all due respect, the link I gave which was compiled by MILT clearly indicates that on average, people use the trains significantly more in 6 pm versus that of 10 pm. I will give you the benefit of the doubt that maybe there exists a surge in passengers in certain lines between certain stations during 10 pm but I can for certain assume that when the train passes these stations, (I.e. Ueno, Shinjuku) there is a significant drop in the number of passengers. Hence, there is absolutely no need to increase the frequency when the majority of the time, the train is not that crowded.

Posted in: What do you think are the good and bad points about the subway systems in Japan's cities?
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nigelboyJan. 18, 2012 - 10:21AM JST

Tkoind2

Perhaps you don't take trains or your watch is a little off. My experience is in tune with the above linked report.

Posted in: What do you think are the good and bad points about the subway systems in Japan's cities?
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nigelboyJan. 18, 2012 - 10:17AM JST

Find ways to cut spending and improve efficiency in how funds are used. Start there first. Then find ways to create jobs so you also create more tax paying citizens while reducing dependency on public funds

Such brilliant statement. (sarcasm)

The above statement has been a goal of every democratic nations government since god knows when.

Find ways to create jobs=pork barrel projects which not successful= wasteful spending=move to cut this spending repeat x times since god knows when.

Posted in: No one is saying we don’t need sales-tax hikes in the future. If you’re a politician, you know the fiscal situation.
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nigelboyJan. 18, 2012 - 10:07AM JST

What makes these guys think that volumes at 10pm are significantly lower than 6pm? In my experience the trains are worst later but the frequency of trains is often less. Why?

Perhaps it has to do with THE FACT that volumes are indeed LOWER!!!!!

http://www.mlit.go.jp/common/000020723.pdf

Posted in: What do you think are the good and bad points about the subway systems in Japan's cities?
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nigelboyJan. 18, 2012 - 05:50AM JST

Wow... an 'independent panel' clears the companies of wrong doing but finds a few scapegoats... go figure!

Agree with senseiman.

What are you implying there smith???

The independent panel is called "監査役等責任調査委員会" which consists of lawyers and certifiied accountants who are not tied with Olympus. As their "title" suggests, their "mission" is not to determine whether or not wrong doings, negligence, or irresponsibility took place within the company. Their job is it identify whom fits those categories.

http://www.nikkei.com/markets/ir/irftp/data/tdnr2/tdnetg3/20120117/79y007/140120120117066087.pdf

Posted in: 2 accounting firms cleared, 5 in-house auditors blamed in Olympus cover-up
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nigelboyJan. 13, 2012 - 01:10AM JST

http://www1.kaiho.mlit.go.jp/KAN3/bosai/tsunami/htm/tokai.htm#Jtokyo

Simulation maps.

The probability of Tokyo Bay experiencing a mass tsunami is minimal at best due to the shallow depth and the fact that the area is somewhat closed between the two peninsula which in of it self act as an wall (embankment)

There was an article in May of last year that Tokyo Metropolitan Government set up a team of experts to further study the matter. The report is to be completed by this spring.

Posted in: M5.7 quake hits eastern Japan; Fukushima nuclear plant stable
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nigelboyJan. 13, 2012 - 12:47AM JST

You just do not stop the benefit in a middle of winter time. Once the weather improves in spring time, there would be construction works, and the business start hiring.

There are construction works already in which many positions aren't filled due to lack of qualifications of the current unemployed. This is the "mismatch" problem that the government had alluded to.

What the government is saying is that those unemployed that received 90 day extension based on where they reside will not be extended. This does not mean that those unemployed cannot appeal for a longer extension on an individual basis.

Posted in: Unemployment benefits won't be extended to those who lost jobs due to March 11 disaster
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nigelboyJan. 12, 2012 - 11:49PM JST

nigelboy -- wrong. Please re-read what I said. I said if the "priority" was on profits rather than safety. Not simply having an accident occur. Is that too difficult for you to understand?

Forgive me but aren't "accidents" caused by inadequate safety measures?

Posted in: Ex-JR West president found not guilty over fatal 2005 derailment
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nigelboyJan. 12, 2012 - 02:43AM JST

.

Again they are all victims but can the amount spent 'bodyguarding' the whaling ships be justified when so many are in limbo and now the government cuts benefits?

To those who worked in the ports and the processing plants, the answer is YES.
To a "few" that are miles and miles away from these coastal areas, and have no "SENSE" of what is really needed in this area, and was not directly affected by the disaster, the answer is NO

Posted in: Unemployment benefits won't be extended to those who lost jobs due to March 11 disaster
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nigelboyJan. 12, 2012 - 02:37AM JST

Yeah but Nigelboy. What percentage of the affected folk....I'm talking about tsunami victims and those displaced due to the ongoing nuclear plant situation are involved directly in the fishing/whaling industry?

We're talking about jobs lost correct since the subjected is Unemployment benefits.

Can't say exactly how much but if read the article I cited, it briefly explains the ratio of 一般事務員や販売業、食品加工業は０．２～０．３倍台と大きな開きがある。

In other words, for every 100 job postings in this sector, 500 are applying in this sector.

This is explained in the below link where it states that the ratio decreases along the coastal area because of the "mismatch" in jobs offered (construction) versus qualifications (fish/food industry workers).

http://www5.cao.go.jp/keizai3/2011/1221nk/pdf/11-2-1-2.pdf

As to the fishing industry damage, 319 fishing ports were damaged of which 22 fishing market is completely gone. 570 fish processing plants completely damaged, 140 under water, 113 partly damaged.

Is it 'mostly'? I do know there is a lot of heated dialogue currently on how exactly the fishing industry is to be revived in those areas?

A lot of heated dialogue by whom?

Posted in: Unemployment benefits won't be extended to those who lost jobs due to March 11 disaster
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nigelboyJan. 12, 2012 - 02:01AM JST

IMO this comes down to a simple question -- is it criminally negligent if the president does not set a corporate culture of prioritizing safety over punctuality and profits?

By your "simple" definition, all airline executives who had experienced crashes that resulted in fatalities under their helm would be criminally responsible.

Posted in: Ex-JR West president found not guilty over fatal 2005 derailment
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nigelboyJan. 12, 2012 - 01:25AM JST

Rather than spending donation money on whaling, Japan should have spent it on extending benefits

Then what?

If you done any research on the matter, the people that are mostly unemployed use to work in the fishing industry.

Exactly what jobs are these political idiots expecting people to get in communities that are GONE?

Fishing industry jobs!!!

http://mainichi.jp/select/jiken/news/20120110k0000m040114000c.html

「１月末で（失業手当が）切れるのだが、求人は重機の資格や経験が要る仕事がほとんどで、自分に合ったものが出てこない」。妻と４歳の娘を抱える岩手県大船渡市の元水産加工会社従業員、佐藤敬人さん（３５）は漏らす。

"My unemployment benefits expired end of January and the job offerings are mostly for people who have qualifications in operating heavy machinery and therefore, doesn't fit my experience" stated Mr. Sato (35) a former fish processing worker in Iwate who has a wife and a 4 year old daughter.

That was the whole point about the central government passing the budget submitted by the Fisheries Agency. ASSISTING THE RECOVERY OF THE FISHING INDUSTRY.

Posted in: Unemployment benefits won't be extended to those who lost jobs due to March 11 disaster
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nigelboyJan. 11, 2012 - 11:54PM JST

@nigelboy, what is the link you have provided? I am clueless how to interepret this data.

The read area represents the deposits held by financial institutions in Japan. The blue area represents the outstanding loan amounts and the light blue represents what is defined as excess deposits over the required capital requirements for a financial institutions.

Posted in: IMF stress-tests Japanese banks
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nigelboyJan. 10, 2012 - 11:52PM JST

"@niegelboy, try to tie the topic to strong yen. Does the strong yen caused the Olympus financial meltdown? I am completely lost to comprehend."

Perhaps you need to read what you wrote.

Put it another way. Why would foreign investors pour money into a currency market of a nation that is allegedly "filled with corruptions and wrongdoings."?

Highlighting the corruption of a single company like Olympus is fine. But to extend it to the entire corporate culture of a single nation based on this incident is weak for I can list many companies in Western nations that would make Olympus scandal look like a simple journel entry error.

Posted in: Olympus sues 19 current, ex-board members for Y16.54 bil in damages
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nigelboyJan. 10, 2012 - 11:36PM JST

niegelboy, where are these cash parked? In the safety box with the banks? I am not kidding here. Where are they?

http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/Kajochochiku101012.JPG

In the bank.

Posted in: IMF stress-tests Japanese banks
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nigelboyJan. 10, 2012 - 02:46AM JST

Dumb Aussies. Just like that criminal Pete Bethune, they will receive no support from Watson. They are merely disposable puppets used to increase ratings on SS's dumb TV show.

Posted in: Australian anti-whaling activists could face charges in Japan
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nigelboyJan. 10, 2012 - 02:41AM JST

@nigelboy, for some reason, I do not follow your post. Are you talking about JOB YEN currency manipulation?

I'm talking about 円高。

Posted in: Olympus sues 19 current, ex-board members for Y16.54 bil in damages
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nigelboyJan. 10, 2012 - 02:39AM JST

What are you talking about, nigelboy? You have lost me here. Please elaborate further, so I can understand what you are saying.

JGB has the lowest long term yield in the world and yet banks are buying. This is because the banks have excess cash which instead of "lending", they are buying JGB.

In other words, if the banks are losing their "appetite" for JGB, it means that there are alternatives (like lending) the banks can use for their excess cash.

Posted in: IMF stress-tests Japanese banks