JAPAN NEWS AND DISCUSSION
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- Core Developer - コアディベロッパー
- Midokura Japan K.K. - ミドクラジャパン株式会社, Tokyo
- Salary: ¥4.0M ~ ¥10.0M / Year Negotiable
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- Translator
- ZAIHON, Inc. (日本財務翻訳株式会社), Tokyo
- Salary: ¥6.0M / Year Negotiable
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- Assistant Language Teacher (ALT) in Kanto region
- RCS (RCSコーポレーション), Kanto
- Salary: ¥180,000 ~ ¥250,000 / Month includes performance bonus
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solarbuster
Elephantman your right they run out of cash first but they go bankrupt when they can't repay creditors, running out of cash does not always lead to bankruptcy other options are some times available. Rewording the time line is a sales strategy used by people selling loans suggesting if people take out loans it stops them running out of cash.
Posted in: Start of the 'not so great' Depression
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solarbuster
hakujinsensei, it is not jumping on smartpartner it is jumping on the borrowing mentality and you have hit the nail right on the head with " going down big is way more fun then just disappearing unnoticed so borrow as much cash as possible" Yep, you go down big BUT how many other people do you take down with you? I just hope you are stirring on this one but many business and accounting students actually graduate believing it to be the clever way to go.
Posted in: Start of the 'not so great' Depression
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solarbuster
SmartPartner, I did read the article but debt is debt and a sure way to come unstuck when income drops. We are not looking at short term glitches in markets, if a companies sales are dropping now the emergency has already hit they are only going to get worse, I agree it is to late to borrow. However, borrowing before an emergency only increases costs and if you expect an emergency you should be cutting costs now not creating more. I can understand borrowing in a small recession that is expected to be short term so you have time to recover, the logic is good but not now. The logic now is "Why do companies go bankrupt?" Answer; because they can't repay debt.
Look at the mess caused by the book writers and readers already, if they had stuck to basics to start with you would not be writing now. I don't dissagree with all of your suggestions which are basic but you counter all the savings you suggest with more borrowing. Don't forget you pointed out your new friends business is err, interest collection, so yes, they also sound like pretty good salesmen.
Posted in: Start of the 'not so great' Depression
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solarbuster
ppayne Don't be so hard on jeancolmar, if you were a share holder who had lost their pants, your feeling would be the same and even Obama is having a go at CEOs, dont take it personal. Your company is doing fine, great. On the commentary however, I don't draw much faith from the advice, it still has that borrowing mentality that will send a lot more companies broke in the coming months. Every company need to have scenarios planned to cover costs cuts at each level their market may get hit. Each market and business is different so I guess ppayne who is doing fine, will already have all his scenarios worked out just in case his market vanishes overnight,
Posted in: Start of the 'not so great' Depression
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solarbuster
If Fujitsu was a good company it would sell to employees at cost. But obviously they don't when asking employees to buy their products, so this is just exploitation of their workers. Manager who thought up this idea should be first one sacked as it has already damaged Fujitsu's reputation just getting in the news and that is the last thing Fujitsu needs.
Posted in: Fujitsu asks 100,000 employees to buy its products
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solarbuster
Communism is State Capitalism, the state owns every thing yet still exploits the workers. The Japanese Communist party can never achieve that or power because of the collectiveness of the Japanese culture. The Japanese Communist party needs to forget Marxism which could never work in Japan and adopt Humanism as their ideal. Humanism as a non-exploitive idealism would fit into Japanese culture better than socialism or communism. A Humanist party would be welcomed by the Japanese people who already hold all the values of humanism and its pyramid of needs. The true values looked for by "Communist" reformers who were against exploitation where never in communism and had the Humanist ideal been know to them, they would have adopted that instead of communism. The Japanese "Communist Party" flies under a false flag and needs to change if it aims to help Japan into a new brave future.
Posted in: Red star rising: With global capitalism on ropes, communism gains in Japan
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solarbuster
Contract work for individual workers stinks under any name as it is just exploitation. All individual contracts between companies and employees are an unequal arrangement that only benifit employees above middle management levels. Best name for them would be "Buy Temporary Slave Cheap" because in most cases this is what most companies are trying to do.
Posted in: The future of contract work in Japan: First steps to change
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solarbuster
When companies are loosing 50% of their contracts thousands out of work are to be expected. With Japanese politicians just hiding their heads in the sand or should I say, in meetings to arrange meetings, to arrange other meetings to start thinking about arranging meeting to.......eventually think about some action, instead of being proactive and doing some thing positive it will get a lot worse.
Posted in: When Toyota sneezes, everyone catches a cold.
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solarbuster
Russia just turned to protectionism and has pushed up the price of imported cars. Obama will do the same as protectionism is the quickest way for nations with plenty resources to right their economies and pull down unemployment. Import replacement eats up unemployment and stabilises an economy faster than any other method Obama would be a mug not to use it. Dropping the US plant was a big mistake for Toyota they will lose their market share as Detroit pushes out eco-models at cut prices and imports get slammed by extra taxes.
Posted in: Toyota unveils 2010 fuel-sipper Prius in Detroit
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solarbuster
Politicians are empty bottles by nature, they make lots of noise but lack the ability to see further than the polling booth. They can never define or fix problems because they can never see them until they are in a panic. Even with fortune tellers backing them up with gloomy predictions they can never look away from their little glass balls focused on the next election. The question is, can we use the gloom to get rid of politicians and have a rosy future.
Posted in: Gloomy predictions for 2009
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solarbuster
Osamu Suzuki is right about the tsunami but I think it will travel much faster and hit before the end of May, possibly by March. Jobs are being lost all over the world, you have to be a fool to buy a new car when your job may be next to go.
Posted in: There is a time lag between what is happening with the Big 3 carmakers and Japan. It is as if tsunami are rolling toward Japanese shores. I believe the real wave will hit us around July or August.
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solarbuster
Push bikes are cheap and a lot better than cars for getting around if you live in the cities. I never did more than 8,000km per year by car in Japan some times only 3,000km. Often I used taxis as they were more convenient because finding parking is often difficult in Japanese cities. I just drove to work as it was quicker than busses but only by 15 minutes or so and parking at work was no problem. Definately not cost effective though so I can understand Japanese not being interested in owning cars.
Posted in: Japan auto sales plunge as young lose interest
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solarbuster
'Kaizen' sorry, Japanese will spend so much time having a meeting about the meeting to think about having a meeting to think about introducing 'Kaizen' they will never have time to actually consider it.
I understand DogDog's feelings about the banks, it took me three and a half hour to open a bank account in Tokyo as I had no Japanese identification and was on a spouse visa at the time. However they never lost all the money out of my account for 3 days like one Australian bank did. Never the less, I have spent many hours in Japanese banks only to receive phone calls later in the day asking me to go back and fill in some form they forgot about. When you do finally blow up, the manager does comes to your house or hotel, full of bows and apologies with the correct forms, some thing not often seen done in other countries unless your a billionair but yes, Japanese banks badly need 'Kaizen'
Posted in: Ask why: American states seek efficiency via Japanese way
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solarbuster
What is not normal about a Geisha or Maiko walking along a street in Japan? Why should local people be bothered by tourists when they are going to work? You would the first to complain if people kept stopping you on the way to work.
Posted in: Some tourists seem to have the impression that Gion is a theme park, and geisha and maiko are walking the streets as part of a performance.
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solarbuster
If your rich and famous travel, if not check that you will have a job when you come back to Japan,
Posted in: 2009 will be the year of the travel deal
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solarbuster
Reading the article and comments, then logicaly analysing them, there is only one way to go "PANIC!"
The article gave some good advice in its conclusion "The solution can be found in smaller, regional markets, sustainable planning and an understanding that consumerism is not an end in itself." but many countries have sacrificed their local economies on the alter of Globalization and will suffer until they can rebuild them. There is no magic fix and the dirty words of globalization "import replacement and protectionism" will replace the dream or nightmare of "free markets" as countries struggle over the next 9-10years trying to "normalise" their accounts.
Posted in: Japanese recession: A time for panic or change?
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solarbuster
Greenspan made no mistakes, he got every thing right!
Posted in: Keep China on the capitalist road
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solarbuster
He doesn't look good at any time, so no worries.
Posted in: He sometimes responds to questions with a sullen face, and frowns at unpleasant queries. This obviously does not leave viewers with a favorable impression.
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solarbuster
Who cares what China does? It makes no difference any way, half the news is garbage
Posted in: China blocks access to New York Times website
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solarbuster
Jet Star is just Quantas' last grab at a sinking market on its way down. Mr & Mrs Watanabe, will be safest staying at home than wasting money on cheap fares. Japan never really rationalized and invested in their local economy when they had the chance. Instead the government buried their heads in the sand and sent jobs overseas for higher profits. Now their bums still sticking up are masive targets for the future unemployed to kick. Kick them they will, as Japan's unemployment levels will be high compared to countries that rationalized during the "good years".
Posted in: Japan turns to bargain-hunting