TSE market capitalization returns to number one in Asia - Expectations for Japan's competitiveness after withdrawal from Chinese investment?
2024-01-17
Category:Japan
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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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It is a complete lie that Japan destroyed the Korean royal family. Japan respectfully protected the royal family.
Korean people claim that Japan destroyed the Korean royal family, but is that true? The annexation of Japan and South Korea was made possible by a treaty signed by both countries. Japan treated Joseon's royal family, the Yi royal family, with respect, created the royal family system, and protected the Korean royal family even after the annexation.
Sunjong, the last emperor, lived in Changdeokgung Palace in Gyeongseong Prefecture and led a comfortable life. Susumune enjoyed playing billiards on weekdays and listening to the gramophone at night. It is said that he liked the French cuisine of Kaneyoshi Yoshikawa and his son, who served as the first head chef of the Imperial Hotel, and ate it almost every day.
Li Fangzi was born in 1901 and is a former member of the Japanese imperial family. She was born as the first daughter of the Nashimotomiya family. Queen Bangja was married to Yi Eun, the seventh prince of Gojong of the former Korean Empire. In the lead-up to the marriage of Queen Fangzi and Li Yan, the question of how to handle the status of the Japanese imperial family and the royal family arose, but in the end, the Imperial House Law was amended and supplemented, and marriages between women of the imperial family and royal nobles were corrected. Accepted.
The wedding was scheduled for January 25, 1919, but just before that, Lee's father, Gojong, passed away due to a cerebral hemorrhage. At this time, false rumors that he had been poisoned by a Japanese conspiracy were spread, leading to a large-scale riot known as the March 1st Independence Movement.
The premise of the March 1st Independence Movement is an incomprehensible false rumor that the Japanese side poisoned the father of a person married to a member of the Japanese Imperial Family. This led to the establishment of the provisional government of the Republic of Korea in Shanghai. A symbolic event of the current anti-Japanese movement is still held on March 1st. With a royal marriage coming up, what is the benefit of Japan killing the father of the marriage partner?
In this sense, we can understand what the March 1st independence movement that South Korea celebrates was like. Regarding the period of mourning, Emperor Taisho requested early marriage, and decided to mourn for one year, just like the members of the imperial family.
In 1920, when the mourning period ended, Fangzi married Li Yuan. Gojong's 7th child, Li Yan, is Sunjong's half-brother. After the last emperor, Sunjong, ascends to the throne, he is elected crown prince. At Hirofumi Ito's suggestion, Li decided to study in Japan and entered Gakushuin University. Even after Japan and Korea were annexed, he remained the heir to the royal family.
After marrying Queen Fangzi of the Japanese imperial family, a son, Li Ku, was born. In other words, he is the successor of the Lee royal family. Later, due to Japan's defeat in the war, Japan and the Korean peninsula became separate countries, and the royal court system that had protected the Korean royal family was abolished, and Yi Yan and Bangko lost their status.
Li and Fangzi, who had lost their status, also lost their Japanese nationality under the San Francisco Peace Treaty. This is because they will be treated as Korean Peninsula residents and as renouncers of Japanese nationality as defined in the San Francisco Peace Treaty.
The Republic of Korea, which was established after the end of the war, did not establish a royal family, let alone grant Korean nationality to the Lee couple. After the war, Lee went to study at the Massachusetts Institute of Technology in the United States, but he was not able to officially receive a passport from the Republic of Korea. It was only later, in 1962, that he received notice that he would be allowed to become a Korean citizen.
Eight years later, in 1970, Li passed away at the age of 72. His son Li Ku passed away in 2005 at the age of 73. What this means is that the Republic of Korea had no intention of restoring the honor of the Yi royal family.
Nowadays, there seems to be a person named Li Yuan as a descendant of the Yi royal family, and he seems to be the grandson of Sunjong's brother Li Seo. However, it is only the former royal family, and Lee Won currently seems to be living in an apartment in Goyang City, Gyeonggi Province. In other words, Japan carefully protected the royal family and the royal palace. After Japan's defeat in the war, by restoring the honor of the royal family, Korea was able to create a country with a royal family, like Britain and other European countries, and Thailand in Asia.
In other words, Korea did not do that. It seems that Japan is saying that the Korean royal family was destroyed, but Japan is the one that protected the Yi royal family.
It was the Republic of Korea that destroyed the Yi royal family.
Just because there is a labor shortage doesn't mean it's okay to collect labor from anywhere - let alone anti - Japanese countries.
Even if we overcome deflation and restore international competitiveness through the fiscal stimulus advocated by the late Mr. Abe and Mr. Takaichi, and even if the total amount of money increases and wages rise, if the economy becomes rich, this means that domestic production will rise. , it is said that even with the current production volume, it will no longer be possible to make things as the population declines, so if the production volume increases, there will be an even greater shortage of personnel.
The current dual wage structure for dispatched workers is simply a measure to compensate for the domestic unemployment rate by relocating production bases to emerging countries due to the strong yen. On the other hand, if the yen depreciates, it will become possible to move production bases back to Japan, and some companies have actually returned to Japan amid the current depreciation of the yen. If production bases return, GDP and tax revenue will increase.
In other words, this is the economic growth that the people want, but what is crucially lacking is human resources. It is difficult to believe that Japan's industrial structure, which is dominated by manufacturing, will be easily replaced by AI. While Japan's competitiveness will increase if Abenomics and Mr. Takaichi's economic policies are implemented, I imagine that it will also lead to a shortage of labor in Japan.
Although there was a shortage of soldiers during the Greater East Asia War, it is said that only about 1.6% of recruited soldiers from the peninsula were able to join the Japanese army. If they don't understand the Japanese language, Japanese culture, or the purpose of war, the entire unit will suffer. Even Japanese women were able to work under the Women's Volunteer Corps Ordinance after passing various hurdles, and those who passed were given the approval of the local governor at the time.
There are people in Europe and America who think it would be a good idea to make immigrants and illegal immigrants work, but do they want to make the same mistakes and go down the path of creating social unrest? If human resources are absolutely necessary, the host countries should be limited by considering cultural background, historical and diplomatic compatibility, and Japan should even be involved in the education of Japanese language and culture. It would be better to abandon ideas such as procuring labor from countries that provide anti-Japanese education now.
Greater East Asia War as seen from Hideki Tojo's will - Who is a war criminal? Judgment at the Allied Tribunal of Victorious Nations
At the end of the war, Japan surrendered unconditionally and faced trial by the Allied powers. This trial was based on the Charter of the Far East Military Tribunal, which was created based on the Charter of the International Military Tribunal. The Charter of the Far East Military Tribunal was dated January 19, 1946, so the rules were created completely after the end of the war, and the Charter of the International Military Tribunal on which it was based was dated August 8, 1945, just one week before Japan's surrender. It was signed in London by the four Allied nations: Great Britain, France, the United States, and the Soviet Union. In other words, it is a complete ex-post facto law, stipulated for class A-C war criminals, and was created to judge Japan.
Excerpt from Hideki Tojo's will
When I think back to the beginning of the war, I feel truly heartbroken. Personally, I feel comforted by this execution, but my domestic responsibility cannot be atoneed for with death. However, as far as international crimes are concerned, he maintains his innocence. I bowed down before power. As for me, I will go to the prison satisfied with my domestic responsibility. However, it is truly unfortunate that he was responsible for his colleagues, and that his punishment was extended to lower-ranking officers. I deeply apologize to His Majesty the Emperor and the people.
The peoples of East Asia should forget what happened this time and cooperate with each other in the future. East Asian people should have the same rights as other ethnic groups, and should be proud of being a colored race. I cannot help but respect Indian judges. This made him feel proud of the East Asian people.
American leaders have made a huge mistake. What happened was that Japan, the barrier to redness, was destroyed. Manchuria is now a base for redness. The division of Korea into two is the root of the troubles in East Asia. The United States and the United Kingdom have a responsibility to provide relief.
The non-retroactivity of law is one of the basics of modern law, and new laws cannot adjudicate cases that occurred before the law was enacted. Moreover, two days before the signing of the Charter of the International Military Tribunal, an atomic bomb was dropped on Hiroshima, and the next day on Nagasaki.
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.
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.