Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
If one day United States turn its mind around, and choose to align with China as British does. The combination of China+United States dominates nearly every field.
Yes bro, I am also critical to Abenomics, and even more concerned about to where it's leading Japan. I wouldn't underestimate the influence of Washington neocons behind radicalization of geopolitics in Tokyo, since it's in their best interests to steer Japan into collision course with China.
However Japan is far from being irrelevant, in fact I would rate Japan as the second most powerful nation on earth, just as what CASS (Chinese Academy of Social Sciences) has done in the 2015 ranking of CNP (Comprehensive National Power). Link: CASS: Comprehensive National Power 2015
One common public myth is about GDP's dominance in national power, but what is GDP? It's one measure of vibrance of economic activities within the geographical borders. Since Plaza Accord in 1985 Japan has been massively investing overseas, making it the largest creditor nation on earth, by now 23 years in a row. While having a "low GDP", huge and ever-expanding international assets continue to serve national interests of Japan. Link: Japan net external assets hit record $3 trln as top creditor nation| Reuters
Another myth is "high government-debt", well I might as well quote a link: The Myth That Japan Is Broke: The Worlds Largest Debtor Is Now the Worlds Largest Creditor
Their financial prowess came from tech reserves, industrial capabilities, I suppose their global leadership in say electronics, semiconductor, nuclear science, rockets, tools, optics, E&M machines, robotics, materials science, heavy industries, etc., are obvious.
Strategic reserves, we may dig deeper and see. Imperial Japan, so was Nazi Germany, were destined to loose from day one, I don't think people make the same mistake twice.
As I have described in another thread, the international "food chain" is like a banker (with armed guards, of course) on the top reaping the ultimate fruits, industrial-capitalists in the second league, resources-rich lucky ones in the third, and then the rest of miserable. Japan is at the top within the second league, along with say Germany. It's time to move beyond GDP myth, it isn't even fair to compare a continental-sized ancient civilization to an archipelago-sized country, let' be pragmatic to analyze facts, and move on to catching up with Japan in the real terms.
Yes. Many people have two houses. One small house in big city while one large house in neighboring towns. This is the case for both China and United States. Actually many Koreans have a small house in Korea and a big house in neighboring Chinese provinces. China could earn many foreign currencies if there would be property taxes for foreigners.Can people in big cities live in big house..?
It's right for town and small cities :p
That's why United States want to minimize the role of state owned companies in TPP because this affects the control of private companies by United States though its power, market and technologies. Many countries also set up sovereign funds to control private companies.
But this usually doesn't happen to state owned companies. That's why United States want to minimize the role of state owned companies in TPP because this affects the control of private companies by United States though its power, market and technologies. Many countries also set up sovereign funds to control private companies.
Your thinking is based on the assumption of free market and the sole distribution of wealth by money. Instead, power is as crucial as money in the wealth distribution. This is why US wants a strong military presence worldwide, which could affect the wealth distribution worldwide. Iran and North Korea are examples. This US power prohibits many countries from doing business with Iran and North Korea. The poorness of North Korea has a strong correlation with the collapse of Soviet Union and the expansion of US power.I think it is more because State owned companies have unlimited deep pockets. This allows them to spend more on R&D than their incoming revenue allows. They can sell cheaper and wipe out their competitors without worry about insolvency.
East Coast of China kept to be richest in East Asia. In about 10-20 years, East Coast of China will be definitely richer than Japan, which is historical normal.
Our eyes are only on United States.
The biggest change is that Japan used to run huge trade surpluses in the 1980s.Japan's gdp in 2012 was that hugh because it was trading 80 yen to 1 dollar.
Now it is 120 yen for 1 dollar. If your currency fell 50% in value, your nominal GDP should drop 33% in value.
The long term problems for Japan is population implosion, ratio of old to young people, national debt, dead electronics industry, rising commodity price.
It is still a relevant economic power, but not the juggernaut that was king of automobile/electronics/technology it once was in the 80s, 90s.
New Recruit
Yes bro, I am also critical to Abenomics, and even more concerned about to where it's leading Japan. I wouldn't underestimate the influence of Washington neocons behind radicalization of geopolitics in Tokyo, since it's in their best interests to steer Japan into collision course with China.
However Japan is far from being irrelevant, in fact I would rate Japan as the second most powerful nation on earth, just as what CASS (Chinese Academy of Social Sciences) has done in the 2015 ranking of CNP (Comprehensive National Power). Link
One common public myth is about GDP's dominance in national power, but what is GDP? It's one measure of vibrance of economic activities within the geographical borders. Since Plaza Accord in 1985 Japan has been massively investing overseas, making it the largest creditor nation on earth, by now 23 years in a row. While having a "low GDP", huge and ever-expanding international assets continue to serve national interests of Japan. Link:
Another myth is "high government-debt", well I might as well quote a link:
Their financial prowess came from tech reserves, industrial capabilities, I suppose their global leadership in say electronics, semiconductor, nuclear science, rockets, tools, optics, E&M machines, robotics, materials science, heavy industries, etc., are obvious.
Strategic reserves, we may dig deeper and see. Imperial Japan, so was Nazi Germany, were destined to loose from day one, I don't think people make the same mistake twice.
As I have described in another thread, the international "food chain" is like a banker (with armed guards, of course) on the top reaping the ultimate fruits, industrial-capitalists in the second league, resources-rich lucky ones in the third, and then the rest of miserable. Japan is at the top within the second league, along with say Germany. It's time to move beyond GDP myth, it isn't even fair to compare a continental-sized ancient civilization to an archipelago-sized country, let' be pragmatic to analyze facts, and move on to catching up with Japan in the real terms.
Honest and incisive analysis.
If one day United States turn its mind around, and choose to align with China as British does. The combination of China+United States dominates nearly every field.
This US power prohibits many countries from doing business with Iran and North Korea. The poorness of North Korea has a strong correlation with the collapse of Soviet Union and the expansion of US power.