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Public opinion without examining Abenomics - there is no point in criticizing it based on contradictory premises.
There are some surveys and opinions in public opinion that Abenomics has ruined Japan, but is that true? First of all, what is Abenomics? Were you asking people who answered the same question as in the poll, or were you asking people you didn't know? I wonder if asking someone I don't know will give me the results I expected. First, let's review the three arrows of Abenomics.
Three arrows of Abenomics
Bold monetary policyFlexible fiscal policyGrowth strategy to stimulate private investment
Monetary policy is still ongoing, but former Prime Minister Abe has said that the consumption tax increase was decided in advance and was carried out at a time when it could not be postponed, so he was unable to fire a second arrow. In other words, Abenomics is actually the first arrow in a variety of environments. In other words, I would understand if there was an evaluation of the fact that it did not advance to the second stage, but I have doubts about evaluating Abenomics itself.
Next, I will list some of the achievements of Abenomics.
Main achievements of Abenomics
The total national and local tax revenue will reach a record high of 107 trillion yen in fiscal 2019, up from 78.7 trillion yen in fiscal 2012. The stock price, which was around 8,000 yen, rose to over 24,000 yen under the Abe administration. Public pension investment profits increased by 57.6 trillion yen in seven and a half years. The effective job opening ratio was 83 job openings for every 100 people in 2012, and 164 job openings for every 100 people in 2019. Business operators improved their treatment due to the labor shortage. The minimum hourly wage rose from 749 yen in 2012 to 901 yen in 2019. The rate of children from single-parent households going on to university increased significantly from 23.9% to 41.9%.
Sanaenomics (Japanese Economic Resilience Plan) will be published. Representative Sanae Takaichi announced a policy to carry on Abenomics during the last presidential election.
Sanaenomics three arrows
Financial easingFlexible fiscal stimulus in times of emergencyBold crisis management investment/growth investment
What they have in common is that monetary easing policy will continue, and if the Takauchi Cabinet is elected, the government will implement aggressive fiscal policy.
The fact that the Japanese government's balance sheet was introduced for the first time in 1995 means that the Japanese government did not have the concept of strategic investment, which companies take for granted. How can you invest without a balance sheet or cash flow statement? It was only a matter of being able to compare the income and expenditure for a single year, or the previous year. The term "primary balance" has come to be used like crazy. At that time, Japan believed that deregulation would revive the economy, and the government repeatedly took the approach of relaxing regulations through legal revisions.
As a result, the Japanese government was unable to rebuild the national economy or make strategic investments for economic growth after the collapse of the bubble, which was an unprecedented economic crisis. More than 30 years have passed since we stubbornly closed the doors. Then, companies moved their manufacturing sectors to emerging countries, and GDP and tax revenues mainly went to neighboring countries such as China, creating a dual wage structure of dispatched labor in order to prevent an increase in the number of unemployed people in Japan. . The economic disparity that arose from this process is said to be one of the causes of the current declining birthrate.
So, has Abenomics ruined Japan? Would that also mean denying Sanaenomics? Or will we continue to turn down investments from the government as we have been doing, paying close attention to the primary balance under the guidance of the Ministry of Finance and listening to the beautiful words of fiscal consolidation? The point of contention should be to gather opinions on whether or not bold fiscal spending by the government is necessary. In any case, regardless of whether the policy is better or not, there are parts where it seems like the point at issue is not policy at all, but just an extension of a personal attack, which is unfortunate.
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.
Yasuhiro Nakasone called the Japanese archipelago an unsinkable aircraft carrier - Japan's topography gave the US military an advantage.
Former Prime Minister Yasuhiro Nakasone referred to former President Ronald Reagan as an "unsinkable aircraft carrier." This is a metaphor for the strategic significance of Japan's topography and the presence of U.S. forces within the Cold War structure. Japan once fought a fierce war with the United States, but after the war it became a democratic nation. Conflict between the United States and the Soviet Union had already begun during World War II. It is said that the United States participated in the war in part to secure its voice within the framework of the postwar world. Both the Korean War and the Vietnam War occurred amid conflicts between the United States and the Soviet Union. The United States did not want Soviet power to reach the southern tip of the Korean peninsula. It is said that an agreement on the 38th parallel was reached as a secret agreement at the Yalta Conference. In this context, Japan became a base for the US military to defend East Asia.
Japan is actually a neighboring country to the United States in the sense that there are no countries separating them geographically. It takes about 3 hours to get to Guam by air. The Japanese archipelago has a unique topography, stretching from north to south, bordering Russia to the north, Kyushu to the Korean Peninsula, China, and the islands south of Okinawa to Taiwan. For the United States, the terrain that covered the Japanese continent was attractive for the defense of Asia, and this was completely consistent with Japan's understanding of national defense. Conversely, it may be said that if the US-Soviet Cold War had not occurred, Japan-US relations would not have been able to recover to this extent. After the collapse of the Soviet Union, China rose to prominence and Asia's defense lines moved significantly south. As expected, the Japanese archipelago occupies an important position in this band as well. Currently, they are working together within the framework of Quad. Japan also plays an important role in the Taiwan Strait issue, and in this way, the Japan-US relationship has developed amid changes in the environment surrounding Asia.
There was a Korean leftist presidential candidate who said that the Korean peninsula was divided by the occupation forces (GHQ), but in essence, South Korea is a country born within the Cold War structure. There was no way to stop the Cold War structure, neither in Japan nor, of course, in South Korea. I can't believe my ears when I hear statements that deny this very upbringing. In fact, if South Korea had not come under GHQ's trusteeship, it would have simply been unified with North Korea. A democratic country forms the basis of South Korea's national ideology, and even if we lament the separation from North Korea, which has a completely different social system, nothing will be achieved by blaming others. . What can we independently do for the world? That always seems to be missing.
Study abroad boom in Japan at the end of the Qing Dynasty - The Korean peninsula missed the chance to modernize, and China failed to inherit the revolutionary spirit and plunged into civil war.
Japan study abroad boom in China
Studying in Japan begins with 13 students
Korea became an independent nation in the Sino-Japanese War
The Korean Peninsula missed the chance to modernize
Even after the Qing Dynasty fell, the revolutionary spirit was not inherited
Wang Zhaoming government established after the Sino-Japanese War
In China, a boom in studying abroad in Japan arose after the Sino-Japanese War. The purpose of studying abroad was to learn about Japan's modernization and policy of enriching the country and strengthening its military. Emperor Guangxu, Kang Youwei, and other Chinese intellectuals carried out the Restoration movement of ``transformation and self-strength,'' but it was thwarted by the pressure of conservative forces. Subsequently, educational reforms at the time were modeled on Japan, including the abolition of the imperial examination system (1905), the establishment of the modern school system (1904), the promulgation of the "Educational Philosophy" (1906), and the trial of compulsory education (1907). This is what we sought.
In 1896, for the first time, 13 young people were sent by the Qing Dynasty government to study in Japan, where they studied Japanese, chemistry, physics, mathematics, and other subjects for three years at the Tokyo National Higher Normal School's cram school. It is said that approximately 20,000 international students had come to Japan by the time of the Xinhai Revolution in 1911.
Political figures include Zhou Enlai, Li Dabei, Chen Duxiu, Wei Bei, Dong Yiwu, Chiang Kai-shek, Man Zhongshi, and Wang Zhaomei. Sun Yat-sen came to Japan as an exile in 1895. Cultural figures included Lu Xun, Guo Muruo, Tian Han, and He Xianggong.
While Joseon Dynasty was aiming for Chinese-style modernization, the Sino-Japanese War broke out in the wake of the Gongbo Peasants' War, and with Japan's victory, the Korean Peninsula became an independent nation. Kim Ok-gyun, who called for Japanese-style modernization, was assassinated about four months before the Sino-Japanese War began.
The movement of modernization on the Korean Peninsula was actually faster than in China. However, it did not become a big sensation and was crushed by the Joseon Dynasty, which had an old political system. Ironically, this was also due to pro-China policies. On the other hand, immediately after losing the Sino-Japanese War, China changed its policy toward Japanese-style modernization. Koten Miyazaki describes Kim Ok-gyun, who was exiled to Japan and was assassinated in Shanghai, as a person who should have become the Sun Yat-sen of the Korean Peninsula. Miyazaki, along with Takeshi Inukai and others, supported Sun Yat-sen's Xinhai Revolution. The Korean Peninsula has failed to modernize on its own.
As a result, in 1911, Sun Yat-sen succeeded in the Xinhai Revolution and founded the Republic of China, but as a condition of Emperor Xuantong's abdication, he made an exchange deal in which Yuan Shikai, a Beiyang warlord, became president, and the Qing dynasty ended. became increasingly authoritarian. A second revolution will begin to overthrow this. Even after the Northern Expedition was completed and Chiang Kai-shek became the president of the Nationalist Party, the division of China in the West continued. The spirit of Sun Yat-sen's revolution was to learn from Japan's Restoration and to stand together with the West and maintain our independence.
As the partition of China progressed, the Sino-Japanese War broke out, and the spirit of revolution was inherited by Wang Zhaoming's Nanjing Provisional Government. He was a close aide to Sun Yat-sen, had the experience of studying abroad in Japan, and participated in the Greater East Asia Conference. Over a long period of time, China failed in its revolution. On the contrary, the civil war between the People's Republic of China continued, and the People's Republic of China with a completely different ideology was born, not to mention Sun Yat-sen's revolution. The Japanese Restoration that Sun Yat-sen aimed for was not only about modernization, but also about achieving a rich nation and strong military in Asia, and protecting its independence from becoming a Western colony.
Japan is the only country with people of color that has succeeded in modernizing itself. It was only natural for Asian countries to learn from Japan in order to modernize.
maritime defense Taiwan's defense is the defense of the Senkaku Islands and is synonymous with Japan's.If China maintains its maritime routes from Japan to Taiwan, the Philippines, Indonesia, and Vietnam, it will not be able to enter the Pacific Ocean and will only be able to develop strategies from the west.
Moon Jae In Korea is pro-China.Even if Korea joins forces with China, China will not actually be able to enter the Pacific Ocean.In this sense, Korea and Taiwan have different strategic meanings on Quad.
With this in mind, Moon Jae In is not flying around like a bat, but is moving in a way that you don't really understand if you don't say you're going to be left behind unless you don't actively participate in Quad.