JAPAN has reacted with alarm after China surged 40 fighters and bombers past its islands during a drill designed to test their ability to enforce a controversial ‘air defence zone’.
China’s People’s Liberation Army Air Force (PLAAF) sent nuclear-capable H-6K bombers, Su-30 heavy fighters, radar and tanker aircraft through the Miyako Strait in the East China Sea on Sunday.
Beijing says it was part of a “routine drill … in accordance with the needs of the Air Force to defend national sovereignty and security, as well as to maintain peaceful development.” Continue reading »
Japan’s demographic challenges are well-known: It’s home to the world’s oldest population and has a shrinking birthrate and an astonishing number of single people. But, as The Independent reports, it seems that, despite government efforts to incentivize marriage and child-rearing, things aren’t quite trending in the right direction.
According to the Japan Times, a new survey of Japanese people ages 18 to 34 found that 70 percent of unmarried men and 60 percent of unmarried women are not in a relationship. It gets worse: Around 42 percent of men and 44.2 percent of women admitted that they were virgins. Continue reading »
“In preparation for an eventual exit from stimulus, the BOJ last year started adding to its reserves to guard against bond losses, but if profits decline, there’s a chance that they won’t be able to continue that,” Japan Research Institute’s Kawamura said. “It’s a pretty dangerous situation now, even before they start to exit.”
The two biggest buyers of Japan Inc. are flying blind and don’t care.
The Bank of Japan and the Government Pension Investment Fund (GPIF) have been buying stocks to inflate the market, create some kind of “wealth effect,” and bamboozle regular Japanese into pouring once again into stocks, after many of them lost a big chunk of their savings when the prior bubble imploded without ever recovering.
Nearly two years ago we wrote about how the largest pension fund in the world had been hijacked by political hacks in what would be a futile effort to prop up stocks in the “first failed Keynesian state, Japan.” Today’s announcement of $52 billion of losses in 2Q 16 kind of confirms our point.
For the 19th month in a row, Japanese Imports plunged – dropping 24.7% YoY (worse than expected), the biggest drop since Oct 2009. Exports were just as dismal, also missing expectations, plunging 14.1% YoY – worst since Oct 2009. The biggest driver of the collapse of Japanese trade was a 44% crash in the Chinese trade balance. There’s no lipstick to put on this pig… it’s a disaster.. and worse still Yen is strengthening back below 100 against the USD.
Just days after North Korea has accused Washington of planning a preemptive nuclear strike – following the US announcement that it would deploy its B-1 bomber in the Pacific for the first time in a decade – Japan’s increasingly militarist tone just ratcheted up to ’11’ as defense ministry officials have ordered its military to be ready at any time to shoot down any North Korean missiles that threaten to strike Japan, putting its forces on a state of alert for at least three months.
We’re going to war — either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering. She’s comparable to Bill Clinton’s choice of Cold War crackpot Madeleine Albright as one of the worst Secretary of States we’ve had since … Condi Rice? Albright boasted, “If we have to use force it is because we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future.”Continue reading »
In what appears to be a strategy designed to keep their financial system afloat when fiat currencies around the world collapse under the strain of trillions in quantitatively eased debt, the Tokyo Commodity Exchange (TOCOM) has now shifted their operations so that all trade settlements can be completed in physical gold. The move follows the opening of the Shanghai Gold Exchange (SGE), which is the East’s answer to decades of manipulated precious metals prices by a concentration of inside players. It’s an open secret that western central banks and cooperating financial institutions have controlled the price of gold for years. The opening of the SGE and Japan’s TOCOM shift should be a clear signal that eastern governments like China, Japan and Russia are no longer willing to play a rigged game and that they are preparing to allow gold to be freely exchanged on the open market in its physical form. Continue reading »
TOKYO — At least 15 people have been stabbed to death at a facility for people with disabilities outside Tokyo, Japanese media reported early Tuesday, describing the kind of mass-casualty attack that is extremely rare in Japan.
A knife-wielding man apparently went on a rampage at the facility in Sagamihara, west of Tokyo. Citing police, the Kyodo news agency said 19 people were dead, while public broadcaster NHK said 15 were killed.
Bix Weir is back to re-examine ‘The World in 2016’ according to the Rothschild’s Economist magazine. What did the esoteric, occult symbology riddled cover predict, what has come to pass thus far, and what is still to come? We take a deep dive into this and more. Thanks for joining us.
Japan has pushed further away from being the nation that embraces “Krugman Era” economics and deeper into the new “Bernanke Era” economics of helicopter money. As a result Japan’s citizens have been on a blitz to save what little purchasing power they still possess, before hyperinflation finally arrives.
The gold price is up double digits in the past month and as we said last night, something big is coming as Japan appears to prime itself for “helicopter money”. With the Yen soaring and that whole negative rate thing going on, the Japanese savers are understandably concerned about the future of their savings. To be sure, Japan’s thirst for gold is hardly new. Back in March, when Japan’s yields first turned negative, gold merchants such as Vaultoro reported that gold sales jumped 13% thank to an increase in trading from Japan. Japanese savers and investors have flooded towards gold as a safe heaven after the Japanese central bank made a move to set interest rates into the negative. Continue reading »
As the WSJ wrote then, “Japan’s $1.1 trillion government pension fund is betting that a long-term recovery and rising corporate profits will push Tokyo stock prices higher, helping the fund increase returns for the nation’s retirees. Mr. Abe has pushed for the fund to become a more aggressive and sophisticated investor. The fund decided in October to shift its portfolio to seek higher returns, slashing its target allocation to domestic bonds almost in half while nearly doubling that of domestic and foreign equities.” Continue reading »
Benefiting hedge funds and banks that had front-run the fund.
Abenomics is facing elections on July 10 for the less powerful Upper House.
But Abenomics hasn’t fared very well. It engaged in the biggest (relative to the economy) money-printing and bond buying extravaganza the world has ever seen. The securities the Bank of Japan has bought, now at ¥426 trillion ($4.15 trillion), amount to 85% of GDP. About $8 trillion in Japanese Government Bonds sport negative yields. Even the 30-year yield is just about zero. The JGB market, once the second largest government bond market in the world, has frozen. The BOJ’s primary dealers are in revolt. Some have already pulled out. Continue reading »