TSE market capitalization returns to number one in Asia - Expectations for Japan's competitiveness after withdrawal from Chinese investment?
2024-01-17
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TSE market capitalization ranks first in Asia again
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.
G7 countries monopolized the world's wealth
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.
The collapse of the Soviet Union changes the balance.
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.
Global capital flows into authoritarian countries
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.
Democracy is a condition for investment
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.
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A summary of impressions of the numerous candidates competing in the 2024 Japanese LDP presidential election
As the LDP presidential election draws near, candidates are coming forward one after another. Ishiba Shigeru, Kobayashi Takayuki, Hayashi Yoshimasa, Takaichi Sanae, Kono Taro, Koizumi Shinjiro, Aoyama Shigeharu, Mogi Toshimitsu, and Kamikawa Yoko (in no particular order) are some of them. Among them, Ishiba, Kono, and Koizumi are the ones who are frequently mentioned in the media, so perhaps they are the ones who are getting the media votes. Ishiba has little conservative thinking, such as accepting a female emperor or promoting separate surnames for married couples, and has a strong liberal tendency, so much so that some have mocked him and asked him if he should transfer to the Constitutional Democratic Party.
The issue of imperial succession has already been narrowed down to two proposals by a panel of experts: "a proposal for female members of the imperial family to remain in the imperial family after marriage" and "a proposal for adopting a male member of the former imperial family as a son in the male line." A report has been sent to the Diet. Since Prince Hisahito was born, there has been no consideration of a female or female-line emperor, and they are moving towards the idea of ??adopting a male in the male line. In response to this, the Speakers of the House of Representatives and the House of Councillors, as well as the leaders of each party, have gathered to hold discussions since May 17th, but even LDP members have ridiculed Ishiba's comments as being table-top-turning.
As for the separate surnames for married couples, one of the issues that was initially pointed out was that it would be difficult to change back to the maiden name in administrative agencies, financial institutions, and other procedures upon divorce, but the law has been revised to allow the use of maiden names without making any major changes to the family registry system, so I wonder if the discussion is a bit outdated, or if the comments are just for the media.
As for Takayuki Kobayashi, he is a conservative who supported Sanae Takaichi last time, but his way of thinking is almost the same as the late Abe and Takaichi, and as a result, I get the impression that he has less impact. In that case, Takaichi will likely be chosen, but as a young candidate, she may be a good candidate to reduce Koizumi's party member votes.
As for Kono Taro, he scrapped the Aegis Ashore deployment plan when he was defense minister, and in the last presidential election, he expressed opposition to the possession of enemy base attack capabilities, and as a result, he presented himself as a pro-China politician without even thinking about it, and I remember him suffering from severe burns all over his body, but he seems to be running, and it seems like his expiration date has already passed, and voters are getting tired of him.
I can't think of any notable achievements for Koizumi Shinjiro, and perhaps his popularity is due to his father's use of words that are conscious of the message he uses, but in any case, he seems unable to break away from his base of anti-nuclear power and clean energy. He is recommended by Suga, but I can't help but wonder if there are energy interests in Kanagawa Prefecture.
Mr. Motegi seems to have a clear mind, which is a good point, but he has mentioned local voting rights for foreigners several times, and I get the impression that he has a strong left-leaning tendency. Looking at Europe, many countries do not allow non-EU nationals to vote in local elections, and there are also cases where only certain non-EU nationals are allowed. Only Northern Europe grants voting rights to non-EU nationals. If we think about it this way, what kind of foreigners are in Japan? As for the proposal to grant voting rights to Chinese and Koreans from anti-Japanese countries, I have serious doubts about the logic that Europe is the model for.
As for Mr. Aoyama Shigeharu, I agree with his historical awareness, etc., and I would like to support him as a patriot, but the fact that he is a member of the House of Councillors is a problem. There is no precedent for a member of the House of Councillors to become prime minister and party president, and there is an inevitable contradiction in whether a member of the House of Councillors has the right to dissolve the Diet. There is no dissolution of the House of Councillors, and dissolving the House of Representatives means resignation, which means that all members are dismissed and lose their seats, but the Prime Minister remains a member of the Diet. He says he will "ask the people for their trust," but he will not be asked to run for the House of Representatives, so I hope he will switch sides and run for the House of Representatives.
I can't think of anything about Yoshimasa Hayashi or Yoko Kamikawa. I've heard that Hayashi is a pro-China member of parliament, and I have the impression that Kamikawa is a foreign minister who won't budge no matter what China does or says to him. It could be said that Kishida's side is putting up a female candidate as a rival to cut Takaichi's votes.
Takaichi has inherited the policies of the late Abe, and has further developed them. She will not talk about old-fashioned things like denuclearization, but will instead propose pioneering policies such as investment in fusion reactors and industrialization. It is also necessary to increase the inflation target to 2%. Currently, the yen is weaker due to the interest rate differential, but this is not due to the bill increase, it is simply the value of the yen falling. As a result, the inflation rate will be achieved and export competitiveness will increase, but unless the total amount of bills increases, it will be difficult for the face value of wages to increase. The Federal Reserve has already announced at the beginning of the year that it will lower interest rates at the end of the year, and if Trump becomes president, it is unclear whether the current situation will continue. If the interest rate differential decreases and the yen tends to appreciate, I would like to see the original inflation rate of 2% achieved by the bill increase. Regarding security, Takaichi clearly advocates investment in the military industry, and has a vision of imagining and nurturing new industries. She has the most concrete and strategic ideas.
[Masochistic view of history] Postwar Japan, which became an invading country, and the Western view of history | Recover Japan's view of history
Recently, there has been public criticism of Japan's GHQ view of history. There used to be an expression called the Tokyo Trial Historical View, but it was not widely used due to the strong left-wing tendencies in the Japanese media and educational institutions. The historical view of the Tokyo Trials is essentially a counterargument against the international label of an aggressor country as stipulated by a unilateral international military tribunal, but the current movement is not only based on the unfairness of the Tokyo Trials, but also in recent years, A major reason may be that records related to the Pacific War, whose period of classified information has expired, have been made public, and various things have come to light. The GHQ historical perspective is a perspective that covers various aspects of Japan's education, systems, and laws during the subsequent trusteeship era, including the Tokyo Trials.
There is a uniquely American compositional feature here. The United States was probably the first country to value the concept of a just war to this extent. Even today, the United States uses the word "justice" a lot when fighting or supporting wars. In other words, this value system started the postwar era with the premise that America was just and Japan was unjust. Can there be a concept of justice in war? War is not about good or bad; rather, the two countries have become unable to come to terms with justice. Otherwise, a war will break out when there is a fatal collapse, so there is no point in trying to say justice at this stage. Let's say the war ends and one of the countries wins. If we do so, will we be able to reach a compromise between the two countries? There are only victorious countries and defeated countries, so there is no point in calling it justice. But Japan received that education.
Japanese people are learning the history of Western values, not just modern history, but world history in general, but this is rarely questioned. In the first place, when you think about what Europe really is, Motomoto is a land where indigenous people called Celts lived, and Jews and Romans are also indigenous peoples. Today's Britain, Germany, France, and various other European countries are lands that were conquered and assimilated by Germanic peoples. The Germanic peoples were an ethnic group that lived in what is now Central Asia, and came under pressure from the expansion of the Huns and occupied Europe. The Anglo-Saxons, Franks, and many other modern European countries are countries of these Germanic tribes.
Broadly speaking, as an indigenous people, the Jews had already lost their country to the Roman Empire, and the Roman Empire was destroyed by the Germanic peoples. Slavic peoples are said to be indigenous peoples, and later Eastern European countries centered on Russia corresponded to them.
In other words, Germanic peoples invaded Europe from Central Asia, and for some reason this is described as the Great Migration of Germanic Peoples. It just means you moved. As a result, the Celts lost almost all of their territory, and now Ireland and Scotland are inhabited by Celts. Halloween is a Celtic festival that is famous for its harvest festival.
■English subtitles
Have you ever heard of the Age of Exploration? This started in the mid-16th century when the European maritime nations set out on ships and swept the world, and when we think of the Age of Discovery, we dream about it. However, from the perspective of us people of color, this would be the beginning of a colonial era that would last hundreds of years. Or for Africans, it has become an era of dark slave trade. The discovery of the American continent is said to be a spectacular discovery during this age of discovery. Didn't you learn the story of Columbus' egg in school? It is because he was a man with such a great change of thinking that it is as if he came to discover the American continent. Nowadays, various ideas are uploaded on Youtube every day, such as scattering salt on a table and making an egg stand up, which is not even a magic trick. The discovery of the Americas marked the beginning of an era of genocide for the indigenous Indians, and it is said that by the end of the 19th century, approximately 90% of the indigenous people had disappeared. It is estimated that there were once approximately 100 million indigenous people.
But now there is America, the land of freedom, which is the leader of the world. Not only did most of the Indians disappear, but blacks were imported from Africa as slaves, and it seems that we still have issues with racial discrimination, but America is a free country where many ethnic groups live. We will not neglect promoting our country as a democratic country that banishes ethnic discrimination from the world.
In fact, it is true that they have a lot of knowledge through research on various ethnic groups and cultures and the history of coexisting with many ethnic groups in the United States, and they want to eliminate discrimination. Although it is true that they are highly conscious, they used to do pretty dangerous things according to their wishes and desires, and even though they reflect on their cruel history, they suddenly claim to be messengers of justice. However, there is.
It is desirable that the Japanese people begin to become aware of the GHQ historical perspective, that the momentum for constitutional revision increases, and that Japan moves toward an autonomous nation, but in the first place, this European expansion policy and world division policy are important. From a broader perspective, Japan was the only Asian country that resisted hundreds of years of global colonial policy.
However, if we say that Japan's war was also a just war, it would be the same as America's, so we need to consider that it was a war that was fought in conjunction with Japan's national interests. However, at that time in the West, there was no sense that racial discrimination was wrong, and people of color thought it was okay to enslave or kill people. It can be said that they were considerably more advanced than them. In fact, Japan has already advocated the elimination of racial discrimination to the international community, and this is clearly stated in the Greater East Asia Joint Declaration. This becomes clear when we compare the management reality of Western colonial policies with Japan's annexation and colonial policies. This may be history that Westerners would never want to acknowledge.
If you look at it from the perspective of the GHQ view of history or the Western view of history, it becomes surprisingly easy to understand, but what makes Japan so complicated is that on top of this, it is naturally eroded by communist, Chinese, and peninsular views of history. After the war, the Japan Teachers Union was dominated by communists, who taught as educators, and left-wingers talked about the Chinese and Peninsular views of history, as if there was any need to listen to the fictional history they claimed. The media has been pouring it out to the people. There is still no sign that the comfort women issue will be resolved.
The problem is that Japan has abandoned its own historical perspective, and as a result has become a country that sways from side to side, wondering whether the past was just as it is told. The Japanese people need to regain their historical perspective. However, this is strictly an academic approach to history, and Japan is different from neighboring countries, which aim to turn history into a political and diplomatic issue rather than an academic approach.
In fact, the history of the West and the history of Japan are clearly different, and from Japan's perspective, the West is the aggressor. , Japan's closest neighbors are Western countries. How many democracies are there in Asia? There is no answer to these questions if we consider the past in terms of values of good and evil, but we should focus on the justice that can be shared by liberal countries in the present.
Regarding the current invasion of Ukraine by Russia and the war between Israel and Hamas, there are doubts about the tone of the discussion that excessively develops arguments about right and wrong. Since the war has already started, there is no point at all. In the history of the world, there is no example of a war ending based on the theory of good and evil.
As a TV show, it would be easier for viewers to understand and get excited if the show was broken down into an easy-to-understand picture of good and evil. We empathize with wars between other countries and want to believe that we are on the right side. However, during a war, information is also cut off, making it difficult to assess what is actually true.
Economic sanctions were imposed on Russia, and there was initially talk that the Russian economy would soon collapse, but what happened? The Russian economy's main industry is the export of natural resources, and its customers are EU countries, so if it continues to import oil and natural gas, its main industries will remain protected. For example, if an industry, such as industrial products, competes to be at the cutting edge of global technological competition, if it suffers from economic sanctions and suffers from financial difficulties, goes bankrupt, and is no longer able to manufacture products, even 10 years may pass. If you try to enter again, you won't be able to catch up. This may be the case with Japan's semiconductor industry. But natural resources are not like that; they do not degrade, recede, or diminish. Whether you dig in 10 years or now, you will be able to extract the same quality natural resources. In other words, Russia's main industries will not disappear. Furthermore, the area of Ukraine currently occupied by Russia is said to be 7.2% of Ukraine's territory. And when reporting on economic sanctions against Russia, there is absolutely no mention of Russia's profits from this vast occupied territory.
What would happen if the war ended with the country still under occupation? This region will still be Russia in 100 or 200 years. So will economic sanctions still be in place 100 years from now? In other words, the occupation policy ultimately has economic benefits when considered over a 100-year span. There is a person who is currently a member of the Diet who once said that it would be a good idea to give Takeshima to South Korea, but he doesn't seem to understand the meaning at all. If one fish is landed in South Korea in those nearby waters, Japan will lose the amount equivalent to that one fish. This is a loss that occurs every day, but how much profit will it provide over 100 or 200 years based on the amount of fish caught?
Whether you look at Ukraine or Takeshima, there is actually no justice at all, and the only way to protect territory is through military force. Is it possible to get these things back through diplomacy? Japan only has a track record of not being able to do so.
In this way, the idea that wars and conflicts can be ended by developing a theory of good and evil is nothing more than a delusion, and the idea that war can be avoided in any case through diplomacy is also a delusion. Since war occurs after diplomacy fails, the very idea of resolving it through diplomacy is bankrupt.
In other words, it is the responsibility of a normal country to strengthen both its diplomacy and military. In the case of Japan, we always develop an either/or argument. The choice is diplomatic or military. It would be nice to do both, but that kind of thinking won't become mainstream. Diplomacy no longer works in the military phase, and when diplomatic relations are working, it is no longer in the military phase. It is mainly the opposition forces in Japan who are forcing us to choose one or the other. The Japanese government only needs to do diplomacy, and has simply asked the United States to take on the responsibility of protecting the country.Takeshima and the Northern Territories, which the United States did not protect, were taken and are within the scope of the Japan-U.S. Security Treaty. We are barely maintaining the Senkaku Islands with words alone.
This is a country where candidates who say they should give up defending the country with their own strength are elected to the Diet. Isn't it strange?
Which country did Japan invade? - Japan invaded European - controlled areas - Asian liberation and colonial policy.
When considering the aspects of Japan's war of aggression, first of all, the Korean Peninsula was made an independent state by the Treaty of Shimonoseki and was annexed by the Treaty of Annexation, so it is not included in the invasion. Taiwan was also formally ceded under the Treaty of Shimonoseki, so it was not included in the invasion. Southeast Asian countries are already Western colonies and do not have administrative powers. To be honest, Japan invaded Britain, the Netherlands, France, Portugal, and the United States. Would you call this an invasion of Asia? Viewed in this way, if China had dared to invade, it would have been China that was barely maintaining its administrative power.
Now, regarding what Japan's purpose was, if we say that Japan is no different from Western colonies in terms of increasing its national power through colonial rule, the reality is different. Japan did not adopt racist policies and developed laws, and eventually Southeast Asian countries grew to the point where they were able to fight against whites and protect their own countries on their own. War operations are meaningless unless they are linked to national interests. So these things are always related to Japan's national interests.
Historically speaking, Japan was isolated from the rest of the world until the Meiji Restoration. It took only 27 years from the establishment of the new government to its victory over the Qing Dynasty, which was said to be a world power. It would be 37 years until Japan again defeated Russia, which was said to be a world power. Next, it was in 1919 that Japan won World War I and became a permanent member of the League of Nations, so Japan isolated itself from developing countries that had never seen a steam engine, and only 51 In 2019, I will be sitting on a chair at the table at the center of the world. Japan proposed the ''Racism Discrimination Elimination Bill.''
There is probably no one who has not seen the vast area called Asia on a map. On top of that, over a long period of 400 years, the white maritime nation colonized Asian countries one after another. Japan is an island nation floating on the farthest east coast. Japan's opening to the world was related to this movement of white people. The colonization of the vast area of Asia was already approaching Japan.
Japan's Restoration and opening of the country, as well as the energy of the industrial revolution and modernization, were explosively generated during these global movements. If one country or one ethnic group in such a vast region of Asia, where so many ethnic groups live, were to unite and confront the white countries, the white people would never come to such a farthest island nation. It would be a good thing if there was even one country that could stop the invasion of white people, but unfortunately there was not a single country in Asia like that.
The main focus of Japan's colonial policy in Asia is to build a collective security system for people of color in Asia and to spread the results of Japan's Restoration to Asia. This is clearly stated in the Greater East Asia Joint Declaration, which is signed by the participating leaders from each country. If we look at history from a myopic perspective, we will not be able to understand this era.This may seem obvious, but no matter how many times you hear about former comfort women or visit coal mine sites, you will never understand this era.
Kinki University succeeds in completely cultivating eel for food - Is it possible to dramatically increase the calorie - based food self - sufficiency rate?
Kinki University has succeeded in completely cultivating edible eel. Previously, I was surprised to hear that eels had been successfully hatched artificially, but this time it will be completely farmed. The ecology of eels is not well known, and it was thought that eel fry hatched in the Philippines or near China, grew up, and circulated throughout the Japanese archipelago, but eels are now being farmed within Japan, including these areas.Originally, eel was a delicate species that reproduced through wide-area circulation, and was rare and expensive, but due to the cost of aquaculture, it may soon become a food that can be easily eaten. What is noteworthy is the eel protein. Eel has more protein per 100g than beef.
Originally, there were no large animals living in Japan, so people ingested protein from tofu, miso, and fish. Whaling was largely a cultural aspect and was a source of food for large animals and high protein content. If it were possible to farm eel in large quantities, it would be more efficient than other edible meats, and the result would be omega-3 fat, which is good for the body instead of animal fat.Japan's food self-sufficiency rate is announced to be 66% on a monetary basis, but the low level of 38% on a calorie basis is largely due to protein deficiency. If edible eel were easily available on the table, the calorie self-sufficiency rate would rise dramatically.
Recently, it was announced that rare earth mining will begin in 2024 in the deep sea of Minamitorishima, Japan's Ogasawara Islands. The amount of rare earths buried in this sea area is said to be the largest in the world, and is said to be enough to meet the entire world's demand for several hundred years. The underground oil reserves of the Ibaraki Prefecture Goura coast are estimated to be one of the largest in the world, based on the amount and area of gas generated on the seabed surface.
Japan has not made any progress in marine resource development. Despite the fact that there was a lack of resources as a reflection of the defeat in the war, Japan continued to engage in resource diplomacy by relying on foreign sources, and these became a conduit to oil-producing and other resource-rich countries. However, when the world becomes this unstable, it is impossible to say such things.
Japan has the 6th largest area in the world, including the EEZ.
Know the difference between the Rising Sun Flag and Hakenkreuz - What is the Korean historical perspective that equates them?
In the history of the world, I have never heard of a country changing its flag because it won or lost a war. Britain and France have been at war many times, but did Britain, which won the Anglo-French War, demand that the French flag be changed? On the contrary, there is no idea that such a thing would become a point of contention in post-war processing. South Korea persistently demands that Japan abolish the Rising Sun flag, just as Germany abolished the Hakenkreuz flag.
A national flag symbolizes the country. The disappearance of a national flag means the disappearance of that nation. The Rising Sun Flag is the internationally registered flag of Japan's Maritime Self-Defense Force. Calling for the abolition of that flag is the same as calling for the abolition of the Maritime Self-Defense Force. Is South Korea claiming that it wants to go to war with Japan? If this is not the meaning, then the perception of what a ``flag'' is is too different internationally.
South Korea always equates the Rising Sun flag with the Hakenkreuz, and claims that since the Hakenkreuz, the symbol of Nazi Germany, has been abolished, the Rising Sun flag should also be abolished. Hakenkreuz is the party flag of the Nazi Party (National Socialist German Workers' Party), and there is a history of it being used as the national flag. There is no Nazi party now, so there is no Hakenkreuz. That's simply the story.
Unless Japan disappears, the Japanese flag will not disappear, and unless the Japan Maritime Self-Defense Force disappears, the Rising Sun flag will not disappear. In the first place, the Rising Sun Flag is a flag that has been passed down culturally, so it will not disappear even if it has nothing to do with the Self-Defense Forces. No country will abolish its flag at the request of another country.
There is only one country in the world calling for the abolition of the Rising Sun Flag. That country is not at war with Japan.
