The curse of primary balance has been lost for 30 years, and now is the time for fiscal spending.
2021-12-30
Category:Japan
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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.
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Korea is opposed to Sado Kanayama's application for registration as a World Heritage site.Japan have evidence that it was not forced labor.
The Cabinet's decision in April 2021 and the inclusion of warship islands as UNESCO World Heritage sites are posted on the grounds that the recruitment at that time was not a forced labor.Forced Labour Convention in 1930.
When registering as a warship island, South Korea strongly opposes it, and Japan has even proposed a draft of the plan, saying that it will support it if it writes forcedlabor.Japan refused, and at the Japan-South Korea Foreign Ministers' Meeting, South Korea finally agreed to write forcedtowork.The Korean side was particular about the description because it knew that forced labor would be described as forced labor in the Forced Labor Convention at that time.Recruitment is not included in forced labor.It is stated in Article 2-2.The recruitment of the General Mobilization Order falls under paragraph (b).
South Korea opposes Japan's move to apply for the registration of Sado Kanayama as a World Heritage Site, saying it will not allow forced labor to be designated as a World Heritage Site.This is just the same view as it was on Gunkanjima.
C029 - Forced Labour Convention, 1930 (No. 29)
ARTICLE 1
1. Each Member of the International Labour Organisation which ratifies this Convention undertakes to suppress the use of forced or compulsory labour in all its forms within the shortest possible period.
ARTICLE 2
1. For the purposes of this Convention the term forced or compulsory labour shall mean all work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily.
2. Nevertheless, for the purposes of this Convention, the term forced or compulsory labour shall not include--
(a) any work or service exacted in virtue of compulsory military service laws for work of a purely military character;
(b) any work or service which forms part of the normal civic obligations of the citizens of a fully self-governing country;
(c) any work or service exacted from any person as a consequence of a conviction in a court of law, provided that the said work or service is carried out under the supervision and control of a public authority and that the said person is not hired to or placed at the disposal of private individuals, companies or associations;
(d) any work or service exacted in cases of emergency, that is to say, in the event of war or of a calamity or threatened calamity, such as fire, flood, famine, earthquake, violent epidemic or epizootic diseases, invasion by animal, insect or vegetable pests, and in general any circumstance that would endanger the existence or the well-being of the whole or part of the population;
(e) minor communal services of a kind which, being performed by the members of the community in the direct interest of the said community, can therefore be considered as normal civic obligations incumbent upon the members of the community, provided that the members of the community or their direct representatives shall have the right to be consulted in regard to the need for such services.
Possibility of the world's largest oil field off the coast of Izura, Ibaraki Prefecture - Hope for investigation and mining including security.
It is estimated that there is a huge oil field off the coast of Izura in Ibaraki Prefecture. A slag called carbonate concrete was formed by the bond between calcium and carbon, and the origin of carbon was unclear by research teams at Ibaraki University and Hokkaido University who found that it was natural gas. From the area of ??the reef, the total amount of natural gas ejected from the seabed is estimated, and the fact that natural gas is emitted means that there is a high possibility that oil resources are buried under it. If oil resources are discovered, they will be one of the largest in the world.
There seems to be an opinion that it is cheaper to buy oil from abroad as before because it takes a lot of time and cost from investigation to mining, but as a problem including security before the economic point of view. I want you to proceed with the investigation. In the first place, QUAD is the area where oil tankers pass from the Middle East, and China is trying to control it, and its original purpose is to prevent those movements.
What if oil comes out in Japan? Will the Spratly Islands issue and the Taiwan Strait issue become less important to Japan? No, it wouldn't be. China is cleverly developing oil resource diplomacy, which is a card of further threat to Asian countries. Achieving a free and open Indo-Pacific by QUAD could sell Japanese oil to Asian countries and reduce China's influence on the Spratly Islands relatively. I would like the country to discuss the overall benefits of having resources, not just the perspective of which is cheaper.
Untimely protests against state funerals - Media incitement that is getting worse - The media is not representative of the people.
The size of the opposition that makes you laugh
What is the argument that divided the nation into two?
What is the content of the poll?
I don't understand the difference from sports newspapers
Mass media turning into sports newspaper due to slump in sales
The process of dividing national opinion into two
The media does not represent the people
Report only the facts, not opinions
On the day of the demonstration by opponents of former Prime Minister Abe's state funeral, it is said that there were around 100 to 200 people, based on a partial count. Police said there were 500 people. It is said that 4,183 people attended the state funeral, and approximately 23,000 people donated flowers (as announced on the 27th).
What exactly was the debate that reportedly divided the nation into two? Kudanshita, where the state funeral was held, is close to Meiji University's Surugadai campus. The university has traditionally had a strong left-wing student movement. Of course, ordinary students have nothing to do with it, but even if left-wing activists in Tokyo gathered together, it gives the impression that there were too few of them.
What is the content of public opinion polls conducted by the media? The problem is the questions. Depending on how the question is asked, it is possible to lead the data to the result intended by the questioner. I would like all public opinion poll data to be disclosed.
It seems like all mass media are now doing what sports newspapers and other media were doing before the decline of major mass media due to the spread of SNS.
In order to sell articles with headlines, sports newspapers publish speculative information in the headlines that have not been fact-checked, and sell them at station kiosks even though they say that the information is unconfirmed by adding a question mark at the end. It will be done. The "?" part is hidden from view due to the way it is displayed.
Many people were surprised and tolerated it, saying, ``It can't be helped because it's a sports newspaper,'' but no one believed it and it was just a form of entertainment. That's what all the media are doing now.
The underlying issue is sales. Sports newspapers used to take desperate measures to increase circulation, but I wonder if many media outlets now think of this as the right way to go. What is more troubling than sports newspapers is that the major media barely have the power to stir up public opinion.
Using the current issue of state funerals as an example, when the opposition party first objects to a state funeral, the media immediately jumps in and reports on it. At this stage, the ruling party and the opposition party are in conflict, so in that sense they are theoretically divided into two parties. However, this does not mean that national opinion is divided into two.
Then, the media outlets loudly convey the opinions of the opposition parties, and the process of dividing national opinion into two begins. It is incitement. First of all, there is a process in which the media themselves agitate and increase the number of opposition parties, and then they cultivate them as if it were a big problem divided into two.
They increase sales by raising the grade of articles based on irrelevant opinions and information by several levels. The more confrontational the structure, the more sensational it is. This is a common method that the media has used in the past on various issues.
The media sometimes uses expressions such as ``representing the people,'' but it feels very strange and even unpleasant. They are just office workers, not representatives of the people. When did they receive the mandate of the people? When did he run for election and when was he elected to the Diet?
If you're an average office worker, you might go to a yakitori restaurant for a drink with your colleagues on the way home from work and talk about politics. The media are just office workers, so that should be fine. You should not express your opinion to the people as if you were a representative of the people. We need to stop privatizing public airwaves and simply collect and report the facts.
Former Prime Minister Aso plans to visit South Korea and meet with President Yoon - A person who has been monitoring Japan - Korea issues from within the Cabinet
Mr. Aso visits South Korea
Mr. Aso has been observing Japan-Korea relations for a long time from within the Cabinet
The handover on the Korean side is in disarray
What will Mr. Aso offer to the South Korean regime
Former Prime Minister Aso is visiting South Korea, but the Japanese government has said that it is part of parliamentary diplomacy and not as Prime Minister Kishida's special envoy. What did Mr. Aso come to Korea for?
Mr. Aso was the prime minister who concluded the Japan-Korea currency swap during the 2008 Korean currency crisis, which occurred during the Lehman shock in the United States. After rebuilding the economy, the Lee Myung-bak administration said that Japan's aid was unnecessary. Mr. Aso subsequently served as deputy prime minister from the second Abe administration to the Suga administration. During that time, he was involved in various Japan-Korea issues, including Lee Myung-bak's landing on Takeshima, the comfort women agreement, the suspension of the Japan-Korea currency swap, the radar irradiation incident, the forced labor judgment, the comfort women judgment, and the white country issue, in his capacity as vice prime minister. Become the person you were. Like former Prime Minister Abe, he will probably be the only person who has looked at a series of issues as a cabinet member.
Meanwhile, in South Korea, the government changed from Lee Myung-bak to Park Geun-hye, and after impeachment, came the Moon Jae-in government, which removed all people who were said to be pro-Japanese from diplomatic relations. After that, he launched a series of anti-Japanese movements, leading to the current Yun Seok-Yue administration. In other words, on the South Korean side, there is no continuity in Japan-Korea relations, the handover is probably fragmentary, and it is highly likely that they do not understand anything other than symbolic concerns.
It would not be surprising if Japan-Korea relations contain a variety of other problems in addition to those that have been made public. If the problems that have come to light are just the tip of the iceberg, Mr. Aso is probably the person who knows the various problems and background behind them. In other words, it is highly likely that the meaning and content of the comprehensive solution that South Korea calls and the comprehensive solution that Japan thinks of are different.
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.