Quad's strategy is geopolitically rational; simply dispersing the Chinese military will give it an advantage.
2021-07-09
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China causing border problems in all directions
China has long borders and its strategy should be to engage in peaceful diplomacy with neighboring countries, but for some reason the opposite is true for that country. In that respect, the United States is smart and has formed a North American alliance with Canada and Mexico, and among the countries with which they share borders, I think Russia is the only hostile element.
Military expenditure is just the total amount
China is so selfish that it is happy to make enemies in all directions, but Quad is outwitting them. Comparing military expenditures by country is helpful, but it is on a different level from practical ability.
In large countries, military power is dispersed. Will Yunnan's soldiers and tanks be able to participate in the fighting in Fujian? Even if it is counted as military expenditure, it is not a real military force.
If dispersed regionally, military strength will be halved
If Japan, the United States, and Taiwan cooperate in the event of a Taiwanese emergency, many Chinese forces will head there, but what will happen if the Indian army invades the Kashmir region during that time?Australia, Vietnam, and the Philippines will suppress the Spratly Islands. be able to.
The Chinese encirclement network should be strengthened
South Korea's geographical advantage in the Quad lies in its operations in the Northeast, but Moon Jae-in seems unable to understand this at all. In the event of a Taiwanese emergency, it would be a good idea for countries with border issues with China to close their borders one after another.
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TSE market capitalization returns to number one in Asia - Expectations for Japan's competitiveness after withdrawal from Chinese investment?
On the 11th, the total market capitalization of stocks listed on the Tokyo Stock Exchange exceeded that of China's Shanghai Stock Exchange. It seems that the TSE has returned to the top spot in Asia for the first time in about three and a half years. Various things are being talked about, including a move away from investment in China and expectations for Japan's competitiveness to recover. In the first place, the current strange international situation is the result of developed countries investing in dictatorial countries such as China and Russia.
In 1973, the G7 once accounted for 65% of world GDP. That's the GDP of only seven countries. This was seen as a monopoly on the world's wealth, and problems in developing countries were discussed. At that time, the world was also in the era of the Cold War, but the Cold War itself was at least a better era than now. Economic and political exchanges between communist and capitalist countries were closed off and blocked by a barrier called the Iron Curtain. Russia and China are calling for a return to the Cold War era, but is that really the case? One could argue that the Cold War era was the era with the least number of wars in the world.
After the collapse of the Soviet Union, the countries of Eastern Europe collapsed one after another. China also pursued a path of liberation and reform, aiming to become an open nation. After the fall of the Berlin Wall, the world went crazy and thought the era of tension was over, but that was not the case at all. The loss of balance in the world has led to localized conflicts. Issues that were not highlighted during the Cold War era have been exposed as tensions have eased. Various things have been said about this, and while that may be true, I believe that it is essentially a matter of money.
What began with the collapse of the Cold War was global capital, or so-called globalism. Globalists are talked about as a conspiracy theory on social media, but there is no interest in knowing who is behind it. The problem is that the era when business and investment in authoritarian countries began can be thought of as the collapse of the Cold War. Did they simply think that the world would turn to democracy once communism fell? What is clear today is that the country has spent decades cultivating a state in which its domestic market is opened up to the capitalist state as much as possible, and wealth is distributed by a dictator.
The Cold War era was a great time. It was a time when the world was divided based on ideology, and it was a rational and peaceful time. The world should once again create an iron curtain of democratic and non-democratic countries. We no longer need to care how much wealth the G7 makes. Only countries that choose the democratic state form can receive democratic investment. As long as we continue to be a dictatorial nation, we should just live with the economy of dictatorial nations. You should rethink that. However, there will be some remorse for the times when we grew a nation that grew fat and threatened us with weapons.
National debt is not the people's debt - The country is not a company - Breakdown of government bond holdings that still do not penetrate public opinion.
The image at the beginning shows the breakdown of Japanese government bond holdings. I sometimes see people say that national debt is the nation's debt or that it is the same as corporate debt, but national debt is the government's debt, not the people's debt. Even if a country is compared to a company, companies do not borrow money from their employees. Debt comes from outside the company, and in this case, it involves purchasing Japanese government bonds from overseas. If most of the debt is overseas, it is natural that the company will default if it cannot be repaid. Purchases of Japanese government bonds from overseas account for 7.3%.
If you really want to say that it is the same as a company, would you say that purchases in Japan are borrowed and borrowed within the company or within the group company? Yoichi Takahashi considers the Bank of Japan to be the same as a subsidiary of the government, and explains that it is the same in terms of consolidation, regardless of whether interest is charged. The Bank of Japan holds 53.2% of Japanese government bonds. He is well known for introducing BS to show that the country holds government assets equivalent to the government's debts (excluding the holdings of the Bank of Japan). The total amount of government assets ranks first in the world, exceeding both the United States and China. Below is the balance sheet (BS) of Japan.
Furthermore, Japanese government bonds are mainly traded in yen, which means that there is no change in value based on foreign currencies. In the case of foreign currency transactions, if the value of your home currency plummets, the face value of your debt will rise accordingly. Suppose your country's currency drops to half its value. Alternatively, if the foreign currency used when trading government bonds doubles, the debt will also double, but since the transaction is in Japanese yen, there will be no effect at all. In an extreme case, former Prime Minister Aso said that repayment would be possible by increasing the number of yen bids. In this case, there will be inflation and the value of the yen will fall, but the theory is that the debt can be repaid because it is the face value of the yen. This was actually said by Taro Aso, a former Prime Minister and former Minister of Finance.
Secondly, the Japanese government is also the world's No. 1 creditor country. In other words, they have foreign bonds and foreign assets. The fact that we are currently talking about national debt as a problem is actually making a fuss about only the debt part, and in fact, Japan has the most foreign assets in the world. This assumes that the government bonds are denominated in yen as mentioned earlier, and if more yen is printed, the value of the yen will fall and the yen will become weaker. If you do this, overseas assets purchased in dollars or euros will increase in value when converted to yen, so the difference will be a large income. Even with the current depreciation of the yen, a large profit margin was generated due to the increase in the valuation of overseas assets.
Representative Sanae Takaichi has advocated the ``Japanese Economic Resilience Plan,'' which calls for a temporary freeze on primary balance (PB) regulations and calls for industrial investment through the issuance of government bonds. She says that even if inflation were caused by printing more yen, it would not have a big impact if the inflation rate was less than 2%. Currently, the yen is depreciating due to the difference in interest rates due to the Fed's interest rate hikes, but the original goal is to induce a depreciation of the yen through the issuance of government bonds and increase the number of bonds, strengthen international competitiveness, and increase wages and tax revenues through rising prices. If the manufacturing industry returns to Japan due to the weak yen, GDP and tax revenue will increase, and government debt can be reduced. For now, this is just the effect of a weaker yen due to interest rate differences, but we are already seeing significant results.
In other words, those who claim that government debt is bad have the completely opposite idea. What ruined Japan after the bursting of the bubble was rather the primary balance discipline, the inability to focus on single-year income and expenditures and to make long-term investments. Japan tightened its finances in the most critical economic situation. If it is the same as a company, when the company is in crisis, the company's safe is closed like a shell, and for the past 30 years, the company has been operating in a state of poverty and not being able to make long-term investments. This is the so-called curse of PB by the Ministry of Finance.
The Japan - U.S. summit meeting will focus on the Ukraine issue, the Taiwan Strait, China, and IPEF. Japan significantly expands defense spending.
Japan's defense spending to expand significantly
Is the U.S. military “involved” or “intervened” in the Taiwanese emergency?
Official White House press conference record
What is Japanese leadership
Ukraine issue is Taiwan issue
What is Asian-based security?
There wasn't much that was announced at the joint press conference following the summit following President Biden's visit to Japan, but it can be summarized as: unity among allies on the Ukraine issue, commitment to the China issue, the Taiwan Strait issue, and the establishment of IPEF. Examples include cooperation in economic initiatives aimed at the future.
If I had to say, the noteworthy points are that the United States supports Japan's bid to become a permanent member of the United Nations, the United States' understanding of Japan's significant expansion of its defense budget, and the fact that the G7 meeting will be held in Hiroshima, and that there will be no rule-based changes to the status quo. The G7 should be a place where both Europe and Asia can come together and reach an agreement that this will not be tolerated.
In response to a reporter's question about whether the United States would intervene militarily in the event of an emergency in Taiwan, President Biden clarified that it would. He said there was no change to the "one China policy" and that this did not mean China had the right to use military force to seize Taiwan. However, there are cases where "get involved to" used here is translated as "involvement" and cases where "get involved to" is translated as "intervention."
In the official White House press conference transcript, Q : You didn't want to get involved in the Ukraine conflict militarily for obvious reasons. Are you willing to get involved militarily to defend Taiwan, if it comes to that?PRESIDENT BIDEN: Yes.
(See link at the bottom of the article). Did Mr. Biden answer in the sense of involvement or intervention? Incidentally, TBS translates it as involvement, while Nippon Television translates it as intervention. Normally translated, it would mean involvement...
In recent years, the United States has begun to say about Japan that it has high expectations for Japan's leadership. Regarding Russia's invasion of Ukraine, the United States has focused on providing weapons and imposing economic sanctions, and has largely remained silent, giving the impression that it is a European problem that should be dealt with by Britain, Germany, and other European countries.
The Japanese government has considered the Ukraine issue as a Taiwan issue from the beginning and has continued to commit to supporting Ukraine, but President Biden's recent remarks may have been made out of the blue at a joint press conference, and the Japanese government may continue to provide weapons as usual. Does this mean involvement by, etc.?
President Biden has also stated that there will be no changes to the Taiwan issue, so it is difficult to interpret this. If the Taiwan Relations Act remains unchanged as before, there is a high possibility that the world will respond in the same way in the event of a Taiwan emergency. In other words, Taiwan will only fight by providing weapons .
The fact that the United States welcomes Japan's significant increase in defense spending also seems to be a message that Japan should take leadership in Asia's problems. Does this mean that if Japan wants to protect the Taiwan Strait, it should do so?
What was clearly evident at this joint press conference was that Prime Minister Kishida himself stated that the Japan-U.S. Alliance is Japan's only alliance, and that Japan is protected by the Japan-U.S. Security Treaty. In other words, the United States is currently protecting Japan.
This means that Japan will have to significantly expand its defense spending, build up the ability to defend itself, and think about the Taiwanese crisis on its own terms. Otherwise, he cannot become the leader of Asia. If the United States is only indirectly involved, who will protect democracy in Asia? That only exists in Japan.
Japan was attacked by a coalition of Chinese and Korean forces.Japanese troops were sent to defeat China.
Genkou refers to the invasion of Japan by the Chinese Yuan and the Goryeo army.There are also theories that Khabirai Khan intended to invade Japan, and that King Goryeo incited Khabirai to attack Japan.The two expeditions ended in failure when a Chinese ship sank due to a storm called kamikaze.
After that, Japan entered the Warring States Period and entered a turbulent period.Oda Nobunaga, a genius, was not only good at fighting but also sensitive to the international situation.Literature at that time revealed that urgent Japan's unification was carried out because it predicted that there would definitely be another invasion from the continent.He then told Toyotomi Hideyoshi about it.The enemy will surely come from the continent.
The purpose of Hideyoshi's dispatch to Korea was Ming, China.South Korea is said to have been attacked by Japan, but North Korea is not the purpose.As a result, the Ming army's counterattack on the Liaodong Peninsula led to a stalemate in the war situation, skepticism about the merits of Japan's rule of vast land with different cultural customs, and the death of Toyotomi Hideyoshi.
If Japan had captured Ming at this time, the Japanese era would have been born in the era of different ethnic countries such as Sui, Tang, Yuan and Qing.Relations with Japan, the Korean Peninsula, and China have become clear in this era.It will come to light again in the next Sino-Japanese War.The Korean Peninsula exists between Japan and China and has not been an autonomous country in history.
Historically, Korea has been part of China.Although it exists as a liberal country, its dependence on China remains the same.
Britain and Italy begin joint development of next - generation fighter jet - Will Japan's next - generation fighter jet be a game changer? It has been announced that the UK and Italy will jointly develop Japan's next-generation fighter aircraft. It had already been announced that Japan would develop a successor to the F-2, but now Japan has agreed to jointly participate with the UK and Italy. Prime Minister Sunak said the joint venture would create thousands of jobs in the UK and strengthen security ties.
It has advanced stealth characteristics, and AI functions support humans when the pilot is under extreme stress or unable to respond to a situation. If necessary, it can be operated without pilot instructions and can fire supersonic missiles.
Since the 1990s, the Ministry of Defense's Technical Research Headquarters (currently the Defense Equipment Agency) has developed the advanced technology demonstration aircraft X-2 to explore the possibility of developing a future stealth fighter F-3 (tentative name) using Japanese technology.
The X-2 aircraft underwent a total of 32 flight tests until October 31, 2017, verifying its stealth and maneuverability. This demonstrated that Japan has the ability to produce the F-3 domestically.
Among the 6th generation fighter jets currently being developed by various countries, the F-3 will have the highest performance. This is a fighter jet that truly represents the evolution of Made in Japan technology.
It is clear that the F-3 fighter will play an important role in NATO's strategy in the future, and it will be a game changer in China policy due to its clear performance differences. The future of Japan joining NATO has become a reality.
