The Japan - U.S. summit meeting will focus on the Ukraine issue, the Taiwan Strait, China, and IPEF. Japan significantly expands defense spending.
2022-05-24
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Japan's defense spending to expand significantly
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.
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South Korea failed to participate in the San Francisco Peace Treaty and Peace Conference.a Rusk letter sent to them. Article II of the San Francisco Peace Treaty
(a) Japan acknowledges the independence of Korea and renounces all rights, rights and claims to North Korea, including Jeju Island, Geomun Island and Ulleung Island;
On July 19, 1951, Korean Ambassador to the U.S. visited Darres and handed over a letter to Secretary of State Dean G. Acheson at the instruction of the Korean government. The request for amendment to Article 2(a) shall be amended to "confirm that all rights, rights, and claims were waived on August 9, 1945, before the Japanese annexation of Korea, including Jeju Island, Geomun Island, Ulleungdo, Dokdo, and Parang Island."
"Unfortunately, the U.S. government cannot agree to amendments to the proposal," Rusk said in a letter.The U.S. government does not think the treaty should adopt a theory that Japan's acceptance of the Potsdam Declaration on August 9, 1945 constitutes Japan's formal or final renunciation of sovereignty over the region covered by the declaration.As for the island known as Dokdo or Takeshima or Liancourt Rock, this normally uninhabited Iwashima has never been treated as part of Korea according to our information, and has been under the jurisdiction of the Oki branch of Shimane Prefecture since 1905.I don't think this island was once claimed by Korea."
In response to South Korea's persistent request, the U.S. denied South Korea's Takeshima sovereignty as a final answer.
Article 2(a) of the San Francisco Peace Treaty was officially issued.As you know, 52 countries participated in the San Francisco Peace Conference and agreed on what Japan would or would not give up its sovereignty, and Japan returned to the international community based on the resolution of the postwar compensation issue.By the way, 49 out of 52 countries signed .The three countries that failed to sign the agreement were the Soviet Union, Czechoslovakia, and Poland, which were invalid because China did not participate.
What does the South Korean government mean by international law that claims Takeshima to be Korean territory?
It is clear that Takeshima is Japan in terms of international law and history.Korea's claim is completely unfounded.
Is the U.S. military “involved” or “intervened” in the Taiwanese emergency?
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...
What is Japanese leadership
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.
Ukraine issue is a Taiwan issue
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?
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What is Asian-centered security?
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.
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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.
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.
Is the party ticket issue the result of a sound whistleblower? In Japan, a spy paradise, you can do whatever you want.
The public prosecutor's office is said to be looking into the party ticket issue, but the main concern is the source of the leak. The original story is an article in the Japan Communist Party's Red Flag Newspaper dated November 6, 2022, but it feels strange that a specific group is being hit in a domino pattern like this. We have seen a pattern in the past in which scandals are discovered one after another within the administration, resulting in a decline in approval ratings. I always wonder who is leaking this.
Japan is said to be a spy paradise, but how many spies are there in Nagatacho? I have no idea how many people are from which country or from which country. Since GHQ was involved in the central government of Japan under trusteeship, some people say that by extension it has a thorough understanding of the system, and that the CIA and others continue to infiltrate and collect information. This is not to say that whenever problems occur in Japan, it is the work of spies, but rather that they could easily do it if they wanted to.
If another country is in charge of a scandal involving a Japanese politician, and it becomes inconvenient, should we leak it?
In China, I sometimes hear people say that Xi Jinping is a smart leader because he advocates eradicating corruption, but this is ridiculous. It can be said that the anti-corruption movement is what created Xi Jinping's dictatorship. Xi Jinping has monopolized real power by eliminating political opponents one after another on the grounds of corruption. In addition, no one can say anything because they have the public security thoroughly investigate corruption by all Communist Party members, have evidence gathered, and arrest any strange behavior. Corruption-free cases in China are rare, so it's like almost everyone is threatened.
From the perspective of these countries, it seems easy to infiltrate Japanese politicians' personal secretaries, public secretaries, accountants, etc. with intelligence agents. Is Japan already so suppressed in various areas that it cannot even enact an anti-espionage law? At the very least, there is no doubt that corruption is a no-no, but if espionage from other countries is allowed to do whatever it wants, it would be as if Japanese members of Congress were also held hostage.
It is necessary to solve the problem of political funding fraud, but if information management is sloppy, there will be no problem.
The sealed Greater East Asia War, what is the original meaning of the word Hakko Ichiu?
There are some words that were banned by GHQ after the war. Typical examples include the words Greater East Asia War and Hakko Kazuu.
The Greater East Asia War became known as the Pacific War, or World War II, and many Japanese people have probably never heard of Kazuu Hakko. What exactly was the Greater East Asia War? It would be best to think of it as a war based on Japan's Greater East Asia Co-Prosperity Sphere concept.
Starting with India, Asian countries were colonized by the West one after another over hundreds of years. The countries that were invading these countries were mainly Western maritime nations: Great Britain, France, the Netherlands, Portugal, and Spain. In fact, not a single country in Asia was able to resist this and surrendered its country. In the end, almost all of the vast Asian region became a Western colony, and even China, which was once called a great power, went through the Opium War and the Arrow War, and its major cities were leased out one after another, resulting in a state of divide-and-rule.
It was clear that the opening of the Suez Canal would greatly shorten the sea route that had previously reached Asia via the southernmost tip of Africa, accelerating the division of Asia.
Russia was lagging behind in colonial policy in Europe. The Russian coast freezes over in winter, making it impossible to navigate. Even if sailing is possible during the season, they will have to pass through the narrow strait between present-day Denmark and Sweden, enter the North Sea, and then travel through the English Channel. Even going out into the Atlantic Ocean was influenced by other countries, and Russia was only able to acquire some areas such as Alaska regarding its colonial policy in the Americas.
Russia planned to colonize Asia by land. This is the Trans-Siberian Railway. They used this railway to send soldiers and weapons, colonize Northeast Asia, and transport the supplies they obtained to St. Petersburg. With the completion of this colonial infrastructure, it was clear that colonial policy in Northeast Asia would accelerate. The Trans-Siberian Railway was opened in 1904, and at the same time information was received that the Baltic Fleet, said to be the strongest fleet at the time, was heading for Vladivostok, the terminal station of the Trans-Siberian Railway.
What was the Baltic Fleet planning to do now that it was able to receive supplies from Vladivostok? China? Korea? Of course, it is natural to acquire those areas, but if it is a continent, it will be a land strategy, so do we need a fleet for land routes? In other words, it is clear that the purpose of these ships was to subdue Japan. The Baltic Fleet sank the ship in the Sea of Japan before entering Vladivostok during the Russo-Japanese War and the Battle of the Sea of Japan. In the end, Japan won, and Russia's plans suffered a major setback. The Russo-Japanese War was from 1904 to 1905, and the Trans-Siberian Railway was completed during this war.
Even among Japanese people, there are many who say that Japan waged a reckless war. Is it really reckless? In fact, Japan has defeated all European countries such as Britain, France, and the Netherlands, including in Southeast Asia. If anything was reckless, it could be said that it was the start of war with the United States. Next, there are those who say that Japan invaded Asia. Now let's think about where we invaded. Thailand was the only independent nation in Asia west of China. In other words, the Asian countries that Japan invaded no longer existed in Asia at the time, in the sense that they were self-governing. They were Western colonies, so Japan invaded Britain and the Netherlands. If I had to say it, if we think of the Sino-Japanese War as an invasion of China, then we can say of the Asian countries that they invaded China.
So why is it said that Japan invaded Asian countries? That's probably why the term Greater East Asia War was banned. At that time, the world was about to be divided into European maritime nations. All of the Americas are colonies. What about Australia? What about the African continent? Europe's maritime nations will acquire all of this. Is Asia different? There's no reason for that. Japan is the only Asian nation that has resisted this global colonial policy.
The Greater East Asia Conference was held in 1943. Participants included representatives from Burma, Manchukuo, the Republic of China, Japan, the Kingdom of Thailand, the Philippines, and India. I would like to introduce the Greater East Asia Joint Declaration that was adopted here.
The countries of Greater East Asia will work together to ensure stability in Greater East Asia and build an order of coexistence and mutual prosperity based on morality. The countries of Greater East Asia will respect each other's independence and independence, bear the fruits of mutual aid and harmony, and establish affinity in Greater East Asia. The countries of Greater East Asia will mutually respect their traditions, develop the creativity of each ethnic group, and enhance the culture of Greater East Asia. The countries of Greater East Asia will cooperate closely with each other on a basis of mutual benefit, plan their economic development, and increase the prosperity of Greater East Asia. The countries of Greater East Asia will deepen relations with all countries, eliminate racial discrimination, widely exchange cultures, and contribute to the advancement of the world by willingly opening up their resources.
This is a declaration issued by representatives from various regions of Asia. The ideas common to each statement are the coexistence and co-prosperity of Asian countries, mutual respect, and the elimination of racial discrimination. Was there ever an example of such an agreement between countries in that era? Britain and other countries gained wealth through the slave trade from Africa, which was reflected in the industrial form of producing goods in the Americas using cheap labor and exporting them to Europe. In Manchukuo, the Five Tribes of Harmony was actually sung, and the idea was that all ethnic groups living in Manchuria would build a nation on an equal footing. In other words, Manchukuo advocated the most advanced ideology in the world at the time, and the Greater East Asia Joint Declaration was pioneering in its content, calling for Asian countries to coexist and prosper together and eliminate discrimination. This underlying idea is the spirit of Kazuu Hakko. Hakko Ichiu is the idea of living in peace with the world as one home, centered on His Majesty the Emperor, without discrimination of race, ethnicity, religion, etc. It may seem unreasonable based on current values for countries other than Japan to have the Emperor at the center, but although there are 56 member countries in the British Commonwealth of Nations, the so-called Commonwealth is made up of 56 countries. is the current King of England, Charles III. The original meaning of Hakko Ichiu is found in the latter part, and it can be said that it is also expressed in the Greater East Asia Joint Declaration.
So, where in Asia did Japan invade? In order to cover up all of this, the words Greater East Asia War and Hakko Ichiu were banned. The purpose, of course, was to justify war and colonial policies for the West, and the story was changed to one in which Japan suddenly went crazy and invaded Asian countries.
Japan's struggle against Western colonial policy is a well-known hist
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.
