The central banking model can be depended on for one thing when the economy tanks and manufacturing comes to a virtual stand still: munitions and weapons production. And so it is that Japan’s military (LDP’s control over corporate Japan) has requested a whopping US$50 billion in defense spending. That should stimulate Japan’s beleaguered economy mired in debt, unemployment and massive social welfare spending. Right now Japan’s high consumption economy is sputtering along on savings. Japan is not manufacturing to keep Japanese employed and the economy going, so out of economic necessity, the only choice is militarization which can always be depended on by the central bank’s (Japan’s BoJ is currently purchasing corporate stock) only outcome. The world’s 7th largest shipping company is under bankruptcy protection fighting off creditors which has frozen global supply chains.
What this will then require is posturing between Russia, China, North Korea and Japan for constant military threats between these countries. Every couple of months or so, it’s almost as if North Korean leaders receive a telephone call from the offices of a central bank instructing the North Korean military to launch a few substandard missiles out over the Sea of Japan for good measure. And don’t forget China’s recently declaring a “red line” in the South China Sea. “Cross this red line and we will get angry, might even start shooting at you.” Nothing like a good military buildup and constant threats of war to keep the Nikei running and corporate stocks sold. It seems like every post I make is one more post towards a military confrontation.
Source RT News
Japanese military asks for record $50bn defense budget to oppose China, N. Korea
August 31, 2016
Japan is poised to hike its defense spending again, breaking the record for the fifth year in a row. The money would boost Tokyo’s ability to oppose Beijing in the South China Sea and protect itself from a possible missile attack by North Korea.
Prime Minister Shinzo Abe’s cabinet will require 5.17 trillion yen (US$50 billion) from parliament, the Japanese Defense Ministry announced Wednesday. If approved, it would translate into a 2.3 percent boost in the country’s defense spending. The Finance Ministry is yet to check the request before it is potentially sent to legislators.
One of the biggest portions of the military budget, about $1 billion, would go on upgrading Japan’s PAC-3 Patriot surface-to-air missile defense systems to increase range and accuracy for deployment in 2020, the submitted proposal stated.
The Japanese military also wants to develop a new submarine with advanced surveillance capabilities, work with the US on next-generation missile interceptors, station a 2,000-strong mobile amphibious unit near Nagasaki, and dispatch extra personnel in the Philippines and other Asian nations.
Tokyo may also purchase additional F-35 fighters jets from the US and develop better anti-ship missiles.
After coming to power in 2012, Abe overturned a decade of defense cuts and steered the country away from its post-World War Two pacifist stance by pushing for a larger role for the military. The increasing militarization is opposed by large sections of Japanese society, but the mood appears to be changing amid growing tension with North Korea and China.
Pyongyang recently demonstrated progress in its missile program, successfully launching a ballistic missile from a submarine earlier in August. Tokyo’s standoff with Beijing is focused on a chain of islands in the South China Sea, which both nations claim sovereignty over.
The Chinese claims are being challenged by Japan’s key military ally, the US, which has been sending warships and warplanes through the area. Earlier this month Beijing warned that if Tokyo joined the American “freedom of navigation” missions, it would “cross a red line.”
Japanese Foreign Minister Fumio Kishida last week told his Chinese counterpart Wang Yi during talks in Tokyo that Chinese vessels must stop violating Japanese territory around the disputed islands.