The curse of primary balance has been lost for 30 years, and now is the time for fiscal spending.
2021-12-30
Category:Japan
I'm participating in the ranking.Please click and cheer for me.
The lost 30 years were born from the curse of fiscal surplus
The curse of a primary balance surplus has become an excellent material for opposition parties to appeal to the government for fiscal austerity. Yoichi Takahashi has said that he does not mind fiscal stimulus, or printing money, up to the inflation target of 2%.
Both Prime Minister Abe and Policy Research Council Chairman Takaichi have set an inflation target of 2%. In the first place, the topic of primary balance became popular after the bubble burst.
Why not use fiscal stimulus to address the national crisis?
As many large companies go bankrupt, the government repeatedly imposes fiscal stimulus, resulting in deficits and financial bankruptcy. The bursting of the bubble was a national economic crisis.
So when is the government going to do something about the national crisis without spending money? In 1989, 32 of the 50 companies in the world by market capitalization were Japanese companies, but by 2019, there was only one Japanese company, and that number had disappeared. Ta.
Japan used to be the same as today's China
During the bubble period, Japan was to America what China is today. It is true that growth was not based on illegal business like in China, but there is no doubt that it was a threat to the American economy.
The United States should have predicted Japan's bubble would burst. Or maybe it's a country that can play a role in triggering this.
Why did Japan go for austerity?
If Japan had been able to implement bold fiscal stimulus after the bubble burst, it would have been possible to quickly overcome the aftereffects and return to a growth trajectory. Japan is among 11 countries subject to currency manipulation monitoring announced by the U.S. Treasury Department on December 3 of this year.
MEMO Trade friction is at the root of the current U.S.-China relationship. In addition, the defense of East Asia was also involved, and Japan at the time was also experiencing trade friction between Japan and the United States.
30 years of innovation, only to be robbed
Even after the bursting of the bubble economy, Japanese companies have continued to innovate in a variety of ways. i-mode was the world's first mobile phone to connect to the Internet, the all-in-one concept of integrating a camera, calculator, memo pad, etc. in a bag into a mobile phone, and mixi was the original social network.
These ideas became the exclusive domain of American GAFA. Even though Japan was in the bud of creating a new industrial structure, it ran out of water and nutrients.
Only Councilor Sanae Takaichi was able to clearly answer these questions
So why or who put a stop to it?
Internal pressure, external pressure, various things can be imagined. Japan's balance sheet shows that its finances are sound, and fiscal stimulus will not cause a national fiscal collapse. This is exactly what was at issue in the last presidential election. There are two points: fiscal spending and national defense.
Councilor Takaichi was the only one who clearly answered that question, and I had no idea what the other candidates were saying.
POINT Japanese economy continues to fly low. We need a rocket engine to get back on the growth track.
I'm participating in the ranking.Please click and cheer for me.
[related article]
Interpretation of Former Prime Minister Abe's Preamble to the Constitution - It is necessary to revise the preamble at the same time as the revision of Article 9 of the Constitution. The following is the preamble to the Constitution of Japan. Former Prime Minister Abe, who appeared on TV as acting secretary general of the LDP in 2005, was talking about the interpretation of the preamble to the Constitution. The preamble to the Constitution is a declaration of peacekeeping on the premise that it has no military power, and it is premised that it will be supported by other countries.
How Japan enjoyed peace during the post-war Cold War, and how to maintain peace in the midst of the rise of China and the runaway of North Korea, should be discussed separately. ..
Preamble to the Constitution of Japan
The Japanese people act through their representatives in a legitimately elected parliament, ensuring the achievements of harmony with the nations and the abundance of freedom throughout our country for our descendants, the government. Decided to prevent the tragedy of war from happening again by the act of, proclaiming that sovereignty exists in the people here, and finalizing this constitution. In the first place, national affairs are based on the solemn trust of the people, whose authority comes from the people, whose power is exercised by the representatives of the people, and whose welfare is enjoyed by the people. This is a universal principle of mankind, and this Constitution is based on this principle. We exclude any constitutions, statutes and imperial rescripts that violate this.
The people wish for lasting peace and are deeply aware of the noble ideals that govern human relations, and trust in the justice and faith of the peace-loving nations. We decided to keep our safety and survival. We want to occupy a prestigious position in the international community, which strives to maintain peace and forever remove tyranny and servitude, oppression and narrowness from the earth. We affirm that the people of the world have the right to live in peace, free from fear and deficiency.
We must not concentrate on our own nation and ignore others, and the law of political morality is universal and follows this law. I believe that it is the responsibility of each country to maintain its sovereignty and to establish equal relations with other countries.
The Japanese people pledge to do their utmost to achieve their noble ideals and goals in the honor of the nation.
[Interpretation of former Prime Minister Abe] We have decided to maintain our security and survival by trusting the justice and faith of peace-loving nations. → Leave it to other countries and decide to do nothing (Abe interpretation)
We want to occupy a prestigious position in the international community, which strives to maintain peace and forever remove tyranny and servitude, oppression and narrowness from the earth. → Let's get compliments from the international community that we are working on instead of asking for something (Abe interpretation)
It is a frank opinion that seems to be the former Prime Minister Abe. Many Japanese still think that Japan's peace has been protected by Article 9 of the Constitution, but the interpretation that it was protected by the United States rather than by Article 9 of the Constitution is more realistic. prize.
On the flip side, if the United States does not protect Japan, Japan's peace will be completely destroyed.
The debate on the revision of Article 9 of the Constitution is overheating, but it seems necessary to discuss revising the preamble itself on the premise that it does not have force in the first place.
Three years of Japanese and Russian people living together in the Northern Territories - Return of the territory and current residents
Japan's territorial issues include Takeshima, the Senkaku Islands, and the Northern Territories. These three regions are completely different geopolitically, historically, in the relationship between the two countries, and in the process by which problems arise. To put the issue of the Northern Territories simply, Japan announced its surrender on August 15th, but it was officially announced on September 2nd that the Soviet Union later ratified the Potsdam Declaration, but it was not accepted internationally outside of the United States, Britain, China, and the Soviet Union. April 28, 1952, the day the San Francisco Peace Treaty went into effect. During that time, the former Soviet Union invaded and annexed the Northern Territories.
It was in 1948 that the Soviet Union ordered deportation to the Japanese islanders, so there was a period of about three years from 1945 when Soviet soldiers, Soviet immigrants, and Japanese people lived together. It is very interesting to hear the testimonies of Japanese islanders from that era.
``Russians were big and scary.'' ``Soldiers came to my house with shoes on and guns, and they said, ``Watch, watch!'' So I thought it was something, so I handed him the watch, and he said, ``Harasho, harasho,'' and was happy. So I went home.
Russian children were cute and cute and looked like angels. Her eyes were so white and big, and her green eyes were cute like a cat's. Japanese and Russian children played together, going back and forth to each other's homes. This is the testimony of former islanders and Japanese people.
I believe that former Prime Minister Shinzo Abe was the first prime minister to ask the Japanese people, who are demanding the return of the Northern Territories, where about 17,000 people currently live, whether they should expel the Russians currently living there. The Japanese people living in the Northern Territories at the time continued to demand the return of their territory, but the Russians living there never asked them to leave or take away their homes.
World's First Anti-Racism Bill - Proposed by Japan, a Permanent Member of the League of Nations.
I wonder if Japan appears in world history around the time of the Sino-Japanese War. The world took note of the great accomplishments of the eastern island nation, and the West, which had considered China a great power, came to call China the ``sleeping lion.''
The next great achievement was the Russo-Japanese War. Heihachiro Togo, who won the Battle of the Sea of Japan, was featured on the front page of newspapers around the world, and is said to be the first Japanese person to be featured on the front page of a newspaper around the world. After that, Japan rose to the forefront of the world and became a permanent member of the League of Nations in 1919.
In 1919, Japan became the first country in the world to propose a bill to eliminate racial discrimination at the United Nations. Already during this period, Japan objected to the West's domination of Asia. Former Foreign Minister Nobuaki Makino criticized the racial discrimination caused by Western countries' colonies in various parts of Asia. (Nobuaki Makino: second from the left in the front row of the photo)
This is the world's first international organization to introduce a bill on the elimination of racial discrimination, with two representatives from France and two from Italy in favor, 11 from Greece, the Republic of China, Portugal, Czechoslovakia, the Kingdom of Serbs, the Kingdom of Croatia, Slovenes and Japan, and the United Kingdom against it. ・There were 5 people from the United States, Poland, Brazil, and Romania, so there was a majority in favor.
Many Japanese people think that the elimination of racial discrimination is a concept developed from the West, but in fact, it was Japan that first called for the elimination of racial discrimination.
At the time, Britain was abducting black people from Africa and trading them as slaves to the Americas. America used black slaves to grow cheap agricultural products and export them to countries around the world. The American representative argued that this was a no-go because it was not unanimous. Is there such a thing as a principle of unanimity among the 16 members?
Makino once objected, saying that the bill could be passed by majority vote, but the bill was rejected in accordance with the principle of unanimity in the United States, which was already a superpower at the time. This was nine years after the annexation of Japan and Korea and 22 years before the start of the Greater East Asia War.
South Korea continues to say that it was discriminated against and deprived of by Japan, but Japan was fighting in international organizations on a completely different scale. The annexation of Japan and South Korea and the annexation of Taiwan are assimilation policies that are completely different from Western-style colonies. Assimilation policy means that the Japanese, Koreans, and Taiwanese living there have equal rights and are subject to the rule of law.
The Greater East Asia War was a war between Japan and the white countries that ruled Asia, based on the idea that all Asian countries should maintain their independence and co-prosperity. The Greater East Asia Co-prosperity Sphere concept was not something that suddenly appeared on a whim.
Korea claims that it suffered racial discrimination during the annexation of Japan and Korea, but it seems that they do not really understand what racial discrimination at that time meant.
The Taiwanese emergency is a Japanese emergency, and it is not clear what the basis is - a basis that assumes various things is necessary.
Taiwan emergency is Japan emergency
Japan confirms security coverage of Senkaku Islands
Taiwan first claims sovereignty over the Senkaku Islands
Sea defenses are extensive
The Taiwan Strait is a sea lane in East Asia
The Chinese government reacted sensitively to former Prime Minister Abe's online participation from Japan at a symposium held in Taiwan, where he said, ``Taiwan's emergency is Japan's emergency.'' Thinking about this matter, Japan and Taiwan do not have a military alliance to defend Taiwan, so it would be difficult to realize it in that sense. The U.S. law regarding Taiwan relations is extremely ambiguous regarding the participation of the U.S. military in the war.
Former Prime Minister Abe was particular about whether the Senkaku Islands were within the scope of the Japan-U.S. Security Treaty, and received assurances from Mr. Trump, and later in a telephone conversation with President Biden, former Prime Minister Suga confirmed that the Senkaku Islands were covered by the Japan-U.S. Security Treaty.
The Taiwanese emergency is a Japanese emergency that seems to have no basis in many legal and treaty terms, but if you think about it, the Senkaku Islands themselves seem to be the key to it.
In the first place, Taiwan was the first country to claim sovereignty over Japan's Senkaku Islands. Three months later, China claimed the claim. Since China calls Taiwan its own territory, what belongs to Taiwan belongs to China. It seems like he made his point in a hurry.
If China were to invade Taiwan, it would logically be considered an invasion of the Senkaku Islands, which are claimed by China and Taiwan. In other words, the conditions for Japan-U.S. security and the activation of the right of collective self-defense are in place. I cannot believe that former Prime Minister Abe would pay baseless lip service.
Another theory is that defense in battle at sea will cover a wide area, and that Japan's remote islands near Taiwan will also be involved in the battle. In this case as well, the Japan-U.S. Security Treaty applies, and if Japan enters the war, the U.S. military may also participate.
The Taiwan Strait is an important sea route for transporting oil and natural materials to Japan. If China were to take possession of this area, Japan would be in a situation where it would have a stranglehold on the sea route through which it supplies resources. Some are claiming that this is an emergency in Japan.
In any case, China has declared in advance that the Chinese military will not turn the waters off northeastern Taiwan, including the Senkaku Islands and other remote islands of Japan, into a combat zone, and that the Taiwan Strait will be maintained as before after the invasion of Taiwan. The question is, what will happen if this happens? Still, there needs to be a basis for invoking the Japan-U.S. Security Treaty.
Continuing attacks on the Gaza Strip - What is the definition of a civilian? | The atomic bomb was dropped without any warning.
Regarding the conflict in the Gaza Strip and the invasion of Ukraine, I understand that the concept of war criminals under international law is extremely weak, but I would like to ask about the definitions of civilians, civilian facilities, military personnel, and military facilities. After these wars are over, the international community will need to be redefined.
According to the Second Amendment to the U.S. Constitution, Americans are members of the National Guard and are allowed to own firearms according to the Constitution's interpretation. Are they civilians or soldiers? For example, in South Korea, where a conscription system is in place, those who have completed their conscription period are registered as reservists. Are they civilians or soldiers?
In the Nanjing Incident, the commander of the Kuomintang army fled, and the Kuomintang army changed into civilian clothes and fled into a private house, where they fought using civilians as shields, but were they civilians or soldiers? I wonder if the private house they barricaded themselves in had become a military facility at that point. Or will it still be a private house?
At the Tokyo Trials, Rabe testified that the Japanese military did not fire on the Nanjing Safety Zone, calling the Japanese invasion a massacre. Civilians in Nanjing were able to escape to the Nanjing Safety Zone, which was demarcated by international law. The Gaza Strip is approximately 50km from north to south, and evacuation to the south would take up to 25km, making it possible to evacuate in one day.
Is the human shield a civilian or a soldier? At the very least, are they risking their lives to protect their homes? Are they civilians or soldiers?
In other words, the international law that judged Japan in the past is weak to this extent, and even today it criticizes the killing of civilians based on this idea, but does not deny wars based on the exercise of the right of self-defense. I'm watching this battle in it. What should be answered is a clear division between civilians and soldiers.
It is said that there were 122 air raids on Tokyo, but each time did the US military notify Japanese civilians that they were about to carry out an air raid? Or, before the atomic bombs dropped on Hiroshima and Nagasaki, a bomb of another dimension will be dropped that will cause damage over a wide area. Did Truman tell them that it would be difficult to survive there? If it had been done, would Japanese civilians at the time have been evacuated or would they have remained to fight?
Such international laws only have a deterrent effect and have no meaning in actual war.