Japan Is Leading the Global System to Collapse

[Keel]

Depreciation gives our products the affordability edge. This effectively removes the edge Chinese, or Korean brands have over Japanese brands. I mean, to cite one example, one brand that is panicking is Korea's own Hyundai and Samsung.

Back in the mid 1980s, 1 USD was worth 235 Japanese Yen. It was during this time that Japan's economy was unprecedented, our industrial power was unmatched, our services affordable and hurting the American / Western counterpart.

Long term effects of the devaluation of the Yen will benefit Japan. Tremendously. And I remain optimistic.

Japan recorded a trade deficit of 958.30 JPY Billion in September of 2014.

Balance of Trade in Japan averaged 387.78 JPY Billion from 1963 until 2014, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014. Balance of Trade in Japan is reported by the Ministry of Finance Japan.
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Actual Previous Highest Lowest Dates Unit Frequency
-958.30 -948.50 1608.67 -2795.04 1963 - 2014 JPY Billion Monthly

Japan had been recording consistent annual trade surpluses from 1970 to 2010. However, since 2011, the country has been posting trade deficits as costs for imports have surged due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas to make up for the loss of nuclear power following the March 2011 earthquake and tsunami. In 2013, the biggest trade surpluses were recorded with: the United States, Hong Kong, South Korea and Taiwan. The biggest trade deficits were recorded with: China, Saudi Arabia, United Arab Emirates, Australia and Qatar. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Japan Balance of Trade - was last refreshed on Saturday, November 8, 2014.

Japan Trade Deficit Widens in September

Japanese trade gap increased slightly to ¥958.3 billion in September of 2014 from ¥943.2 billion a year earlier, the first rise in three months. While exports reported the highest annual gain in seven months, imports grew 6.2 percent.

In September of 2014, exports increased 6.9 percent year-on-year to ¥6383 billion. Sales to Asia, which account for more than half of the country's total exports, grew 8.1 percent. Those to India rose the most by 17.9 percent, followed by Vietnam (+15.8 percent), Philippines (+15.6 percent) and Hong Kong (+11.8 percent). Sales to China rebounded 8.8 percent, following a 0.2 percent drop a month ago. Shipments to the US rose 4.4 percent, reversing from a 4.4 percent fall in August, and those to the Western European countries were unchanged. Deliveries to the Middle East jumped 27.4 percent with those to Iran rising the most by 321.7 percent.

By commodity, shipments of transport equipment were the largest contributor to exports' increase (up 9.1 percent yoy), mainly due to a 39.5 percent rise in ship sales. Machinery exports increased 6.5 percent with metal working machinery surging by 31.7 percent. In contrast, exports of mineral fuels shrank 13.8 percent and exports, those of medical products decreased 14.9 percent and sales of parts of audio and visual apparatus contracted 23 percent.

Imports rose 6.2 percent year-on-year to ¥7341 billion. Imports of iron and steel products recorded the highest increase (42.1 percent), followed by meat (29.4 percent) and shrimps, prawns and lobsters (24.4 percent).

In August of 2014, Japan posted ¥948.5 billion trade deficit.


Ministry of Finance l Rida l rida@tradingeconomics.com
10/22/2014 11:54:24 AM

 

[TheTruth]

Small nation has never been super powers in human history. Every European colonial empire has vast amount of territory to support itself. Both USA, USSR are enormous nations as well. With a small nation, you simply don't have the resource and potential for it.

Japan wouldn't have been a small nation had they taken advantage of Hitler's attack on Russia, and had not been diplomatically isolated through its belligerence in China. Japan would easily have Siberia up to Baikal and would have been within a few years of fighting able to push even further.

 

[ChineseTiger1986]

Japan wouldn't have been a small nation had they taken advantage of Hitler's attack on Russia, and had not been diplomatically isolated through its belligerence in China. Japan would easily have Siberia up to Baikal and would have been within a few years of fighting able to push even further.

USA and USSR were born with a superpower mentality, while Japan is not on their level yet.

 

[TheTruth]

USA and USSR were born with a superpower mentality, while Japan is not on their level yet.

Yep - if anything they were ruled by superstitious, bumbling, militaristic idiots who simply took advantage of the people's work ethic to industrialize but didn't know enough about how the world works to expand or even achieve security.

 

[ChineseTiger1986]

Yep - if anything they were ruled by superstitious, bumbling, militaristic idiots who simply took advantage of the people's work ethic to industrialize but didn't know enough about how the world works to expand or even achieve security.

Japan was destined to fail during the WWII, no matter how lucky or successful they were during their military campaign, they will still eventually lose, it is just a matter of time.

 

[Keel]

USA and USSR were born with a superpower mentality, while Japan is not on their level yet.

Nah Japanese is like the Indians today though the latter is a joke as we all know
If the Japanese was not dreaming of a "superpower" status, they would not have sent their massive fleet to as far as the Pearl Harbour when USA was deeply entranged in Europe having no intention of engaging the Japanese at that moment in WW2
Ask the Japanese like one on PDF or Abe's clan, they are still living with the imperialistic mentality of conquering Asia - at least, with a lot of masking overtone for "peace" " against war" blah blah while for such basic simple and morally correct things like stop visiting the "War Criminals' Shrine" or apology and compensations to "comfort women", they are refusing to surrender a milimeter
They are changing their history books which are painting themselves as "liberating asia" but not as "invaders" !!!

 

[ChineseTiger1986]

Nah Japanese is like the Indians today though the latter is a joke as we all know
If the Japanese was not dreaming of a "superpower" status, they would not have sent their massive fleet to as far as the Pearl Harbour when USA was deeply entranged in Europe having no intention of engaging the Japanese at that moment in WW2

They can dream to be one, but they are still not qualified to be one as well.

 

[bolo]

Nah Japanese is like the Indians today though the latter is a joke as we all know
If the Japanese was not dreaming of a "superpower" status, they would not have sent their massive fleet to as far as the Pearl Harbour when USA was deeply entranged in Europe having no intention of engaging the Japanese at that moment in WW2

Japanese biggest mistake is unable was inhabiting the volcano resource poor island. second biggest mistake is too many upskirt pics and groping videos.

 

[ChineseTiger1986]

Japanese biggest mistake is unable was inhabiting the volcano resource poor island. second biggest mistake is too many upskirt pics and groping videos.

They are depressed of living in this place, so they need these to unleash their frustration.

 

[Keel]

They can dream to be one, but they are still not qualified to be one as well.

That is just as devastating.
The Japanese has invaded China numerous times:

The Boxer Rebellion (August 1899 – September 1901)
First Sino-Japanese War (War of Jiawu) (1 August 1894 – 17 April 1895)
Invasion of Taiwan, China (1874 and 1895)
Invasion of Manchuria (18 September 1931 – 27 February 1932)
Second Sino-Japanese War (WW II) (July 7, 1937 – September 9, 1945)

What for? Grapping resourses brutally in gross barbaric manner

See the massive atrocities they have done in WW2

 

[ChineseTiger1986]

That is just as devastating.
The Japanese has invaded China numerous times:

The Boxer Rebellion (August 1899 – September 1901)
First Sino-Japanese War (War of Jiawu) (1 August 1894 – 17 April 1895)
Invasion of Taiwan, China (1874 and 1895)
Invasion of Manchuria (18 September 1931 – 27 February 1932)
Second Sino-Japanese War (WW II) (July 7, 1937 – September 9, 1945)

What for? Grapping resourses brutally in gross barbaric manner

See the massive atrocities they have done in WW2

That's why they should give up the idea of conquering China, since they will never succeed.

 

[mike2000]

My GOD , So a title/thread about Japans financial situation/crisis has not only turned into a anti - Japan tirade, but also a China-India competition of who is better/stronger or shittest hole? You asians on here never seize to amaze me. Soon you will start saying the U.S/west is the one playing divide and rule games in Asia or that 'Asia for Asians' and the likes.

Just going through comments on here, we in the west/U.S dont even have to put in much effort at all to play divide and rule tactics to dominate your region(like the U,S has been doing for decades now and counting), you people already do it much better without our help. So keep up with your superiority race/country stuffs

Coming to topic. Yes Japan indeed has financial/fiscal problems, but then again, several coutries do as well. The advantage Japan has is that even though its government debt to GDP ratio, which at 200% is the highest in the industrialized world, but despite this, Japan finances its debt almost entirely within Japan. Some 95% of Japan’s government bonds are held by locals. These loyal Japanese investors have continually bought government debt at low yields, allowing the state to finance its deficits at extremely tiny cost. In a sense, this thing can continue forever. The only way this situation could change is if Japan is forced to borrow more from outsiders. That would make Japan’s position more akin to Greece’s or Ireland’s, which rely on foreign funds to finance their government’s needs, and force something of a mark to market for Japanese debt – which means borrowing costs will likely go up. If Japan has to borrow from the rest of the world, then thats where i indeed see a real problem emerging since it will have a focus on the debt issue.

So the only case/scenario which i think can cause Japans to face real problems/fall into a crisis(like most chinese on here wish, keep praying for that though.lol) is a scenario where Japan’s consistent current account surpluses turn to deficits, thereby causing the country to look beyond its shores for money. Another one is that the Japanese themselves lose faith in the nation’s financial position and take their money out of the country. In other words, Japan can have a debt crisis only if the Japanese start one. But i dont see any of that happening anytime soon.

But this doesnt means Japan should feel secured despite its huge debt problem, they shouldnt, since they could still face a crisis, since the problem with debt problem is that, left unresolved, it will just inevitably get worse, making it more and more likely over time that investor confidence, even Japanese confidence, could get shaken. Thats the only way i see, Japan could face a collapse/fnancial crisis like greece. So chinese members here have to pray really hard, for all the points above to happen to their Asian 'neighbour/brother' Japan so it can fall into crisis/collapse(just like other of their asian neighbours Vietnam,India wish for their own collapse as well.lool). Asia is indeed a funny/interesting place.

 

[Huaren]

My GOD , So a title/thread about Japans financial situation/crisis has not only turned into a anti - Japan tirade, but also a China-India competition of who is better/stronger or shittest hole? You asians on here never seize to amaze me. Soon you will start saying the U.S/west is the one playing divide and rule games in Asia or that 'Asia for Asians' and the likes.

Just going through comments on here, we in the west/U.S dont even have to put in much effort at all to play divide and rule tactics to dominate your region(like the U,S has been doing for decades now and counting), you people already do it much better without our help. So keep up with your superiority race/country stuffs

Coming to topic. Yes Japan indeed has financial/fiscal problems, but then again, several coutries do as well. The advantage Japan has is that even though its government debt to GDP ratio, which at 200% is the highest in the industrialized world, but despite this, Japan finances its debt almost entirely within Japan. Some 95% of Japan’s government bonds are held by locals. These loyal Japanese investors have continually bought government debt at low yields, allowing the state to finance its deficits at extremely tiny cost. In a sense, this thing can continue forever. The only way this situation could change is if Japan is forced to borrow more from outsiders. That would make Japan’s position more akin to Greece’s or Ireland’s, which rely on foreign funds to finance their government’s needs, and force something of a mark to market for Japanese debt – which means borrowing costs will likely go up. If Japan has to borrow from the rest of the world, then tahts where i indeed see a real problem emergin since it will have a focus on the debt issue.

So the only case/scenario which i think can cause Japans to face real problems/fall into a crisis(like most chinese on here wish, keep praying for that though.lol) is a scenario where Japan’s consistent current account surpluses turn to deficits, thereby causing the country to look beyond its shores for money. Another one is that the Japanese themselves lose faith in the nation’s financial position and take their money out of the country. In other words, Japan can have a debt crisis only if the Japanese start one. But i dont see any of that happening anytime soon.

But this doesnt emans Japan should feel secured depsite thie huge debt problem, they shouldnt, since they could still face a crisis, since the problem with the debt problem is that, left unresolved, it will just inevitably get worse, making it more and more likely over time that investor confidence, even Japanese confidence, could get shaken. Thats the only way i see, Japan could face a collapse/fnancial crisis like greece. So chinese members here have to pray really hard, for all the points above to happen to their Asian 'neighbour/brother' Japan so it can fall into crisis/collapse(just like other of their asian neighbours Vietnam,India wish for their own collapse as well.lool). Asia is indeed a funny/interesting place.

Basically that means japanese economy rely on patriotism to maintain and thats how unscrupulous japanese leaders rob money from its citizens and still expect obedience, which would even get better when most of citizens being old and careless (or better yet die off), really smart.

 

[mike2000]

Basically that means japanese economy rely on patriotism to maintain and thats how unscrupulous japanese leaders rob money from its citizens and still expect obedience, which would even get better when most of citizens being old and careless (or better yet die off), really smart.

Well yes, Japanese are veryyyy patriotic(the most patriotic in Asia i would say, maybe a tie with Koreans). You can see this in the way they fought the world war II, ready to even sacrificed the lives of the whole nation for it(the Kamikaze, most of us forget didnt start from muslim countries, but derived their names from Japanese pilots who wouldgo on suicide missions just to destroy an american aircraft carrier/battle ship) unlike even Nazi-Germans who gave up/surrendered when they knew they wouldnt win the war, and without the atomic bomb, Honestly it would have costs over 60% of Jpans population for them to even think of giving up, they would have probably fought till death(look at the battle of Okinawa and see how they encouraged civilians/women and children to commit suicide rather than surrender to the U.S).

Anyway coming to topic, as you were saying, Japans economy to some point not only relies on patriotism(though it does as well). You should know that over half of Japans budget is bond issuance, and i red about 30% of revenues is debt service. More debt means more pressure on the budget, taking the nation on a downward spiral. So It could indeed get to the point where they do face tough choices. I will kind of compare Japans debt situation to the tsunami that hit Japan. Everyone knew Japan was vulnerable to such a disaster, but it was difficult to realize and understand the true extent of the danger until the disaster actually happened. The same could be true with Japan’s fiscal woes. Everyone knows the danger of delay,but people don’t have a realistic view of the danger. Tomorrow may not be the same as today. So its indeed a tricky situation which nobody can really guess how it will end, not even the so called financial 'experts' and with all due respect much less 'PDF think tanks.' Well we will have to wait and see how things play out. Hopefully Japan will get its act together.
Lets all Wish Japan all the best(Chinese member join me on this.lol).

 

[Huaren]

Well yes, Japanese are veryyyy patriotic(the most patriotic in Asia i would say, maybe a tie with Koreans). You can see this in the way they fought the world war II, ready to even sacrificed the lives of the whole nation for it(the Kamikaze, most of us forget didnt start from muslim countries, but derived their names from Japanese pilots who wouldgo on suicide missions just to destroy an american aircraft carrier/battle ship) unlike even Nazi-Germans who gave up/surrendered when they knew they wouldnt win the war, and without the atomic bomb, Honestly it would have costs over 60% of Jpans population for them to even think of giving up, they would have probably fought till death(look at the battle of Okinawa and see how they encouraged civilians/women and children to commit suicide rather than surrender to the U.S).

Anyway coming to topic, as you were saying, Japans economy to some point not only relies on patriotism(though it does as well). You should know that over half of Japans budget is bond issuance, and i red about 30% of revenues is debt service. More debt means more pressure on the budget, taking the nation on a downward spiral. So It could indeed get to the point where they do face tough choices. I will kind of compare Japans debt situation to the tsunami that hit Japan. Everyone knew Japan was vulnerable to such a disaster, but it was difficult to realize and understand the true extent of the danger until the disaster actually happened. The same could be true with Japan’s fiscal woes. Everyone knows the danger of delay,but people don’t have a realistic view of the danger. Tomorrow may not be the same as today. So its indeed a tricky situation which nobody can really guess how it will end, not even the so called financial 'experts' and with all due respect much less 'PDF think tanks.' Well we will have to wait and see how things play out. Hopefully Japan will get its act together.
Lets all Wish Japan all the best(Chinese member join me on this.lol).

I got the worst wishes for Japan but whatever, hopfully japanese people get fooled and robbed by their leaders for all enternity in a free, democratic and lawly order.