Tokyo Streets From a bd-1

Always the duplicitous British cutting deals with China behind Japan’s back will be brought up at the G7 Summit

The Chairman and CEO of General Electric (GE), Jeff Immelt, wrote an interesting article “Preparing for What’s Next” published on May 20, 2016. After reading this article, I started thinking about Japan’s relationship with the US and Britain observing just how correct Jeff Immelt is in his observations beginning with his opening paragraph:

“We’re in a volatile, global economy – the most uncertain I have ever seen. There is distrust of institutions. Protectionism is rising. Globalization is being attacked as never before. For those looking to succeed, the playbook from the past just won’t cut it. It’s time to pivot, be bold, and not fear criticism.”

I used the image above from The Economist, Britain’s oligarchic financial and corporate elitist publication used to transmit their ideas around the globe. It also has the GE symbol on it showing that GE does billions in business in Japan with General Electric recently selling its Japan lending unit for $4.8 billion to Sumitomo Mitsui. The point of this post isn’t about GE though, it’s about what GE’s Jeff Immelt referred to in that opening paragraph bringing us back to Britain.

Always the duplicitous British have been diplomatically cutting deals with China behind Japan’s back, all the while Japan is militarizing to protect its national and economic self-interests from alleged and perceived threats from China. Britain recently cutting billion dollar  trade deals with China has upset the Japanese as well as the Americans considering the ongoing tension over China’s island-building in the South China Sea. Japan’s contention is that they are concerned over multi-billion trade deals signed between the UK and China last year during China’s President Xi’s state visit to the UK. London signed trade deals with Beijing worth £40 billion ($61.35 billion).

All these trade deals are being cut with China by the British while Japan is rearming itself which most think is because Japan will shoulder most of the responsibility for its own protection and defense relying less on the Anglo-Americans. Much of Japan’s decision to rearm and militarize its foreign policy was because of Anglo-American pressure and constant diplomatic influence over Japan. The duplicitous and always cunning British, are all for austerity in their own country, but for the British financial and corporate elite as represented in such publications like The Economist, its double-dealing as usual, this time with the Chinese. This issue will be brought up by Japan’s PM Shinzo Abe at the upcoming G7 Summit this Friday and Saturday, May 26 and 27 in Ise-Shima, Japan. The time is coming where Japan will be forced to cut the Anglo-Americans loose and is long over do considering the article written by GE’s Jeff Immelt. Japan will simultaneously  draw closer to China and Russia on trade and economic cooperation. Japan is going to have to develop its “own play book” for the future in its relationship with the US and Britain.

Will China and Russia replace the US as Japan’s biggest trading partners as trade with the US collapses?

It really doesn’t matter does it, if Japan is simultaneously trading with China and Russia? Trade between Japan and Russia has quadrupled the last decade. In 2013, trade between Japan and Russia reached a record-high $34.8 billion, but then in 2015 the volume dropped by almost 40 percent. The drop was due to falling oil prices. Japan and Russia are working together on what is called the green corridor to increase trade between the two countries.

Also, Japanese companies have invested and operate in the Russian automobile and construction industries which is rarely looked at by western observers who continue to trash Russia in the western media. About 14 percent of all Russian cars are produced in Russian factories by Japanese manufacturers. If it wasn’t for western sanctions against Russia, Japan would be opening the flood gates of trade and cooperation with Russia. Always the vassal state of the Anglo-Americans, Japan placed visa bans on 23 Russian citizens including government officials in the last year or so. That isn’t going to be in your favor Japan when you attempt negotiating with Russia.

Then we come to trade between Japan and China. According to analysis on Japan-China trade in 2015 that I just looked at from import data from the Trade Statistics of Japan by the Ministry of Finance and the China Customs Statistics, total trade between Japan and China decreased by 11.8% to $303.3 billion, it was a “double-digit fall for the first time in six years (since 2009), the year following the financial crisis in the US. Exports from Japan dropped in almost every area except in food. What is the future between Japan and Russia and Japan and China trade? Can only guess but as Japan weans itself from Anglo-American dependence, hopefully the three countries will be able to settle their differences and get on with beneficial trade and commerce.
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Source: MishTalk

Trade With Japan Collapses: Exports Decline 7th Month, Imports Decline 16th Month

May 22, 2016

by mishgea | May 22, 2016 11:41:20 | Economics ≈ 15 Comments

Abenomics is back in the spotlight tonight.

Global trade with Japan has collapsed. Exports are down and imports are down even more.

The result is an unexpected rise in Japan’s trade surplus, yet another failure of abenomics.

Japanese Output Shrinks at Fastest Pace Since 2012

The Markit Japanese PMI shows Output falls at fastest rate in over two years, underpinned by a sharp
drop in new orders.

•Flash Japan Manufacturing PMI™ at 47.6 (48.2 in April). Flash headline PMI signals sharpest decline in operating conditions since December 2012.

•Flash Japan Manufacturing Output Index at 46.9 (47.8 in April). Production decreases at most marked rate in over two years.

Bloomberg reports Japan April Trade Surplus 823.5 Billion Yen, Beats Estimates.

Japan’s exports fell for a seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth.

Overseas shipments declined 10.1 percent in April from a year earlier, the Ministry of Finance said on Monday. The median estimate of economists surveyed by Bloomberg was for a 9.9 percent drop. Imports fell 23.3 percent, leaving a trade surplus of 823.5 billion yen ($7.5 billion), the highest since March 2010.

Trade With Japan Collapses

Clearly those stats are not worthy of comment. Thus, there was no comment.

Comments or not, those stats are precisely what is behind the Japan-USA feud on the unwelcome, disorderly strength of the Yen from the perspective of Japan.

For further discussion of the meaning of disorderly, please see US and Japan Feud Over Yen, Devaluations, and Meaning of “Orderly”.

Mike “Mish” Shedlock

From the Shōwa Period until now, “fascism” means different things to different people

Statism in Shōwa Japan circa 1940 - has anything changed?

Statism in Shōwa Japan circa 1940 – has anything changed?

Fascism means different things to different people depending on what they know of this concept. For some people, fascism may mean trains that run on time and are dependable, that’s what Italy’s Benito Mussolini suggested in fascist Italy. The trains run on time in Japan so is that fascism, or just an extremely well run complex rail system? In order to stimulate domestic car manufacturing, the Japanese government and Japan’s car manufacturers plan for car manufacturing through a number of ways including taxes that are meant to penalize.  Is this fascism where the individual is penalized for owning a certain type of car depending on personal economic circumstances? For a full definition of fascism we find the following:

Fascism

1: often capitalized: a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition

2: a tendency toward or actual exercise of strong autocratic or dictatorial control early instances of army fascism and brutality

Japan was considered one of the three vanguard nations that led the Fascist Era with its own unique “organic continuity of Japan’s place in the world and its social-economic evolution.” Out of survival Japan has developed its own unique nation-state model uniting the masses of Japanese people who pretty much accept the way current economic conditions are without much opposition. Under the reign of Emperor Hirohito, this statist movement has dominated Japanese politics and corporations since the first part of the Shōwa period. It was a hybrid mixture of ideas such as “Japanese nationalism and militarism and state capitalism.” This very much is part of the current political and corporate leadership of Japan continuing to this day under the leadership of the LDP.

Fascism and this statist concept carried over to Japan’s car manufacturer’s where in Japan the only two car manufacturers allowed to operate freely were Toyota and Nissan. This is the reason Honda was the first Japanese car manufacturer to open manufacturing facilities in the US. It was extremely difficult from the beginning in Japan when Honda came on the scene competing against Toyota and Nissan. That Toyota and Nissan became so powerful is referred to as the “fruits of fascism”.  If you purchase a new Kei-car in Japan the new car tax is now at ¥10,800 raised from the previous amount of ¥7,200. If you currently own a Kei-car less than 13 years old, the car tax remains the same at ¥7,200.

If you own a Kei-car older than 13 years, the car tax increased around 80 percent from ¥7,200 to ¥12,900. What the statist corporate run Japan is telling Kei-car owners whose cars are older than 13 years, is that you will be required to pay a penalty tax if you own an older Kei-car. This is how the “fascist” corporate government of Japan works to stimulate consumption. Either buy a new Kei-car and pay a higher road tax anyway, or keep your current yet older Kei-car and pay a penalty for owning it. The Japanese having been trained to think “Nippon, Nippon, Nippon…” since birth, instinctively pay the tax without even so as much as a whimper because it’s “good for Japan.”

Japan’s 7-Eleven ATM machines involved in 1.4 billion credit card theft and Japan’s police mobilize

Just when you thought ATM machines throughout Japan were secure and engineered to prevent theft and fraud, another incident appears in which ¥1.4 billion yen ($12.7m; £8.8m) using credit cards created with data stolen from a South African bank. 7Eleven cash machines accept foreign credit cards unlike other facilities like banks ATM machines throughout Japan. and who ever pulled this scam off knew details how the ATM machines in Japan are set up.

The data based on credit card information stolen from the bank in South Africa, made it possible for these thieves to steal the money from the bank. Makes people feel that much more vulnerable to these types of data theft. Japanese police think more than 100 people across Japan were involved in the theft. Really? One hundred people? What a stunning theft. 100 people working together throughout Japan who all had a card/s using stolen data were able to steal 1.4 billion Yen? That comes out to ¥14 million per thief after 1,400 convenience stores were attacked throughout Japan? In addition to the upcoming G7 summit, this might be why the Japanese police were mobilized yesterday all over Japan especially inside train stations apparently looking for the thieves. Well Japan, this is what you can expect when you open your doors to 2 million foreigners a year. If Japan wants all that tourism income they should be prepared for more of this type of theft.
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Source: The Mainichi

1.4 billion yen stolen from 1,400 convenience store ATMs across Japan

23 May 2016

TOKYO (Kyodo) — A total of 1.4 billion yen ($12.7 million) in cash has been stolen from some 1,400 automated teller machines in convenience stores across Japan in the space of two hours earlier this month, investigative sources said Sunday.

Police suspect that the cash was withdrawn at ATMs using counterfeit credit cards containing account information leaked from a South African bank.

Japanese police will work with South African authorities through the International Criminal Police Organization to look into the major theft, including how credit card information was leaked, the sources said.

The theft at convenience store ATMs took place in the morning of May 15 in Tokyo and 16 prefectures across the country, and police believe over 100 people might have coordinated in the unlawful withdrawal.

In each of the approximately 14,000 transactions, the maximum amount of 100,000 yen was withdrawn from Seven Bank ATMs using the fake credit cards, according to the sources.

ATM transaction data suggests that information from 1,600 credit cards issued by a South African bank was used, the sources said.

Okinawa Governor Takeshi Onaga requests meeting with Obama and Ambassador Caroline Kennedy to visit Okinawa

U.S. Ambassador to Japan Caroline Kennedy

U.S. Ambassador to Japan Caroline Kennedy

Looks as if America’s Ambassador to Japan, Caroline Kennedy, will be making a special diplomatic visit to Okinawa to make an official apology to the people of Okinawa and Okinawa’s Governor Takeshi Onaga, for the murder of Rina Shimabukuro by Kenneth Franklin (Gadson) Shinzato. Governor Takeshi Onaga is extremely upset and has requested a meeting with US President Obama at the G7 meeting when Obama visits Japan. Of all events to have happen while Caroline Kennedy is the US Ambassador to Japan and US President Obama is set to visit Japan for the G7 meeting.

Governor Takeshi Onaga came to Tokyo today for a special meeting with Japan’s Prime Minster Shinzo Abe to seek an audience with Obama. Well, is the U.S. and the USMC humiliated enough yet? Imagine being the three star Marine Corps general meeting with Japanese government officials to apologize for the ex-marine now working as a civilian for the US military who was arrested for the murder of Shimabukuro?
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Source: MSN News

May 23, 2016

ケネディ米大使、沖縄訪問へ=死体遺棄事件で謝罪か

在日米大使館関係者は23日、ケネディ大使が沖縄県を訪問する方向で調整していることを明らかにした。訪問の明確な時期については明かさなかったが「大使と沖縄県双方にとっていつがいいかを検討している」と述べた。ケネディ大使の訪問は、同県の女性死体遺棄事件で米軍属の男が逮捕されて以来初めて。

沖縄県では19日、米軍所属のシンザト・ケネフ・フランクリン容疑者(32)が死体遺棄容疑で逮捕された。翁長雄志知事は23日に行われた安倍晋三首相との会談で「大統領と直接話をしたい」と訴えており、ケネディ大使は事件について知事に謝罪し、今後の対応を協議する可能性がある。

Pop star (doesn’t mean much) Mayu Tomita stabbed multiple times when she refused gift from obsessed fan

Pop star (which doesn’t say much but this is Japan) Mayu Tomita, was stabbed repeatedly by an irate fan after Tomita refused a gift from the male “fan”. What kind of a fan carries around a knife? So the fan carries around a knife waiting for just such an opportunity to knife Tomita? What is going on in Japan with these recent bizarre crimes? What kind of a little goof ball male fan carries around a knife attempting to give a present to a “pop star?” A pop star at 20 years old? She’s still a child.

Being a pop star in Japan is sort of the equivalent in any other country of having a part in a child’s television program. Apparently, Tomita was sliced up pretty bad with stab wounds to her neck and chest. So really, who is to blame here? The little obsessed freak who knifed 20 year-old Tomita, or the entertainment producers and executives who put little girls like this on television and on stage to titillate Japanese males with all kinds of weird f–king fantasies?
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Source : Independent

May 22, 2016

Japanese pop star Mayu Tomita stabbed dozens of times by obsessive fan

Before the attack, the singer informed police Iwazaki had been harassing her online and had posted obsessive comments about her on Twitter and blogging sites Twitter

A Japanese pop star is in critical condition after she was repeatedly stabbed by an obsessive fan.

Mayu Tomita, 20, is said to have been stabbed dozens of times in the neck and chest after refusing a gift before performing at a concert in Koganei in Tokyo on Saturday afternoon.

The singer, who is a college student, suffered nearly two dozen stab wounds to her neck and chest and has yet to gain consciousness according to reports in the Japanese media.

Mayu Tomita 冨田真由さん (Video) Japanese Pop Star Performing On Stage

Japan’s corporations are crippled by Japan’s government from expanding further in foreign markets

Exports from Japan continue to go down, down, down, and there doesn’t seem to be anyway Japan can stimulate manufacturing falling for the seventh straight month in a row. Sorry Japan, nobody wants what your country produces anymore including cars and this has been going on now for the past 20 years. Without corporate reform forget foreign markets for your high tech freezers, fire extinguishers and other extremely well manufactured products. An estimated 50 hotels are planned to be built in Qatar over the next ten years and Japan’s corporations lost the potential to sell high tech refrigeration and freezer equipment as well as fire extinguishers. Japan’s corporations are restricted by its government crippling their creativity and burdensome restrictions.
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Source: BBC

Weak export figures dampen Japan shares

May 22, 2016

Japanese shares have been pulled down by a sharp drop in the country’s exports, which fell for the seventh consecutive month.

Exports from Japan fell by 10% in April compared with the same month last year.

Imports plunged 23%, putting the trade balance at a 823bn yen ($7.5bn, £5.2bn) surplus.

Japan, whose economy has struggled for more than two decades, is hosting the G7 summit of global leaders in Sendai.

The Nikkei 225 fell 1.8% to 16,431.08 in morning trading in Tokyo.

The weak trade data is thought to be mainly due to poorer demand from China and other emerging economies.

Shares in Japan Tobacco fell by 1.4% as the world’s largest insurer, Axa, announced it would stop investing in the tobacco industry.

Mainland China’s Shanghai Composite rose by 0.3% to 2,834.16 while Hong Kong’s Hang Seng traded flat.

In Australia, the benchmark ASX/200 dropped 0.8% at 5,308.40 points.

South Korea’s Kospi index fell by 0.3% to 1,941.32.

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