JAPAN NEWS AND DISCUSSION
-
- 秘書及び業務サポート
- 加治金属工業株式会社, Tokyo
- Salary: ¥4.0M / Year
-
- English Instructor (Osaka, Kyoto, Kobe)
- Berlitz Japan, Inc. (ベルリッツ・ジャパン株式会社), Kansai
- Salary: ¥125,000 ~ ¥250,000 / Month
-
- ALT - Mie Prefecture - Yokkaichi City - June start
- NPO法人グローバル教育推進機構（GLAD), Mie
- Salary: ¥230,000 / Month For a full working month. Some months differ.
0
teesquared
Aqualung.
Currently the yield on the 30 year US long bond is around 2.91pct. 30 yr interest rate swap by comparison is around 2.64. That's a 27 basis point adjustment.
Swaps have potential maturities up to 50 years longer than the bond. Both have coupons and have credit and market risk built into the price just as long bonds do.
Posted in: Azumi worried about Japan's debt rating after EU downgrades
0
teesquared
The longer end of the USD interest rate curve indicates that the "Prime Debt" US treasury bills are trading at a premium to interest rate swaps. This means that the credit worthiness of Uncle Sam is below that of a regular commercial banks for those longer periods 25years and beyond. Just copying the US model is therefore wrong because Uncle Sam is already bankrupt.
Posted in: Azumi worried about Japan's debt rating after EU downgrades
1
teesquared
Japan doesn't have to sell any yen, just print more of it which will effectively devalue the Yen on world markets without being left with a pocket full of useless $ denominated bog paper!
Posted in: Azumi worried about Japan's debt rating after EU downgrades
1
teesquared
Japan has to stop working with western economic models born in the Reagan Thatcher era. Japan has the biggest savings in the world, It does not need to borrow as other counties do so the credit rating thing is not so much an issue. If Japan does not make policies for Japan it will end up with the same problems as the US and Europe. The policy makers really don't understand the issues. In Japan or anywhere else for that matter.
For example what were the Europeans thinking when they allowed all nations in the EEC to write sovereign debt at the same rate as the prime members like Germany? They abolished the exchange rates and brought everyone to par. Something had to give. That something is giving now.
Japan has a problem with its exchange rate against other currencies because it is making Japanese goods uncompetitive. What Japan needs to do is "PRINT MONEY". Japan can afford to. In a depressed economy such as Japan over the past 20 years money should not be a scarcity it should be freely available. For so many years the world economists have thought inflation is the bogey-man. The crap that's taught in business schools around the world is the problem that coupled with central bank intervention and dabbling when they don't really know what they are doing.
Stop the vested interests in "Old Money" models and think for yourselves for a change.
Posted in: Azumi worried about Japan's debt rating after EU downgrades
2
teesquared
Power utilities, like TEPCO should not be allowed to operate nuclear plants. They are driven by profit and greed to pay stockholder dividends. Let the governments run the plants with scientists and experts who are independent of the politicians and stockholders. Then allow the utility TEPCO in this case, to buy and resell the electricity from the government. And of course ZERO back-handers.
Posted in: TEPCO report faults operating manual; disputes hydrogen explosion
0
teesquared
@weedkila Sorry, I don't give central bankers that much credit. For sure they have no idea what they are doing. Are you aware of the scam when Salomon Bros stole the central bank's gold from under their noses? It was a scam product called a gold lease. Basically the whiz kids at Sally's invented a gold lease product which they told central bankers was for hedging purposes. Sally's took physical delivery of the gold and paid 1pct interest to the central bankers. It was over a year before the central bankers realized that they were never getting their gold back and it was all hushed up at the time. Lots of egg on face there.
Here is a tongue in cheek blog I used to write before but I haven't had time to update it. You might find something interesting or controversial there. http://vestedinterestsslayer.blogspot.com/
Posted in: Gov't unveils series of measures to deal with strong yen
0
teesquared
@weedkila Since this is a forum about Japanese ongoing economic woes, I wont continue after this posting, but more than happy to continue in private if you request......
I agree with some of your points especially the mass brainwashing about interest. I have worked in finance for over 30 years. "Time-value-for-money" is a crock. It was invented centuries ago so the money changers in the middle east could realize some profit. We now have a massive global economy built on an ancient ruse. To my mind an investor should take all the risk of repayment and decide accordingly whether to invest or not.
Globally outlaw, yes outlaw dividends and premiums from stocks. If you don't work for the company and you want to get paid something then you take all the risk from a zero coupon stock. If a company can pay dividends it is either Raping its suppliers, over charging its customers or ripping off its employees, or most likely a combination of all 3. Capitalism does not automatically create a profit! The fact that we extract profits means the surpluses that should be plowed back into the system are being pocketed by the rich and greedy.
The whole world needs to move to something new and almost the same. I call it "steady State Capitalism" Capitalism without undue profit. It can be done. However it will take the peoples of this world to bring down their own currencies by printing home bank bills before this will happen. Think that is getting closer anyway. Old money beware!
Posted in: Gov't unveils series of measures to deal with strong yen
2
teesquared
Fact: Japan owns 55% of the worlds savings. Fact: Japan owns almost all of its own debt. Japan is not restricted like other nations. It can afford to just print money under a controlled plan. In times such as these money should not be a scarce commodity, it should be plentiful. Printing more money and forcing the money supply to become bigger will make the yen weaker and promote exports and also inspire domestic demand to buy. Western nations have sold their debt to so many other countries that they do not have this option. Japan has great potential to lead the world in new green technologies but it needs the investment. That investment can come from within if the government open their eyes and stop believing in Reagan/Thatcher economics. Japan should also refuse flat out to raise consumption tax. The Euro zone and US are putting a lot of pressure on Japan to raise consumption tax to 10pct or even 15pct as early as next year. Don't those fools in the diet remember what happened when they raised it from 3 to 5 pct after the bubble burst? It send Japan into a 20 year deflationary cycle and the economy was in a better state then. My advice to the diet. Just say no! to Euro zone and America. Japan didn't get it wrong, they did!
Posted in: Gov't unveils series of measures to deal with strong yen
0
teesquared
The normal middle of the road politics at 6 o'clock on the political face won't help either. We need to try something at 12 O'clock. Capitalism as we have been practicing it has a design error. Its called inflation. In order to make profits some one else has to make goods at a price below market value. What we need is STEADY STATE CAPITALISM where the insatiable desire for profit is taxed out of existence and companies and individuals are encouraged by tax credits to invest in their companies and the less fortunate and green projects and education and so on. Unfortunately it is unlikely to happen anywhere in the world while the "Old money" is still in control of the global system.
Posted in: We’ve seen the collapse of communism and now we’re seeing the collapse of capitalism. Surely, somewhere in between there must be a better middle road for us to travel.