If there was ever a clear sign that the leadership of Japan is fully aware that the country is about enter a terminal economic catastrophe this is it. Using the cover of currency devaluation and a rising stock market, Japan’s Prime Minister, Shinzo Abe, is attempting to make it easier to change the country’s constitution so that they can eliminate freedom of speech and set the stage for a military dictatorship.
Reuters reports that:
The draft deletes a guarantee of basic human rights and prescribes duties, such as submission to an undefined “public interest and public order.” The military would be empowered to maintain that “public order.”
FUKUSHIMA — The Fukushima Prefectural Government has been forced to reveal children’s thyroid gland tests to an NPO after earlier refusing to release the results carried out following the Fukushima nuclear disaster, it has been learned.
The prefectural government had previously insisted that making the results public would be an invasion of privacy. However, under a prefectural ordinance on the release of information to the public, the data did not qualify to be withheld, forcing the prefectural government to release it.
The data covers ultrasound tests for lumps and other abnormalities, with four levels of diagnoses. The results are listed by municipality for 38,114 children tested in the 2011 fiscal year. The data was put together in April last year by Fukushima Medical University, which is charged with conducting the tests.
TOKYO – The government and Tokyo Electric Power Co. will present broad new thinking in May on ways to prevent radioactive water from increasing at the crippled Fukushima Daiichi nuclear power plant, industry minister Toshimitsu Motegi said Friday.
Motegi made the remarks during a meeting to discuss the decommissioning process of the plant’s stricken reactors, as TEPCO continues to grapple with water leaks found recently at several underground storage tanks at the site.
The Nuclear Regulation Authority released an estimate the same day that the leaks could lead to the density of radioactive strontium in groundwater exceeding the legal limit in about 10 years in the coastal area of the plant.
When the bond market finally does crack, it is going to be one epic nightmare that is going to make 2008 and 2009 seem like a picnic. It will be a different kind of a crisis; but it will be an enormous crisis. These people that are bullish about stocks and bonds and the bond market, they do not understand anything.
We will hit a moment in time where there will be a rapid acceleration of the perception that people are being cheated via inflation by these money-printing policies. Why Americans seem to think there is no inflation just because the CPI says so, when their checkbooks every day ought to tell them there is, I cannot explain that. But there will be a change in psychology, and there will be a massive stampede into gold here and everywhere else around the world, because it is the only way you can protect yourself against these policies.
Pity the wise money manager these days. Our juiced-up financial markets, force-fed liquidity by the Fed the other major world central banks, are pushing asset prices far beyond what the fundamentals merit.
If you see this reckless central planning behavior for what it is – a deluded attempt to avoid reality for as long as possible – your options are limited if you take your fiduciary duty to your clients seriously.
More than six months since the Japanese nationalistic escalation over the disputed island chain (that shall not be named) in the East China Sea sent Sino-Japanese foreign relations to a level not seen since a particular territorial dispute over Manchuria, tensions just hit a fever pitch overnight, when an armada of eight Chinese ships entered what Japan claimed were its territorial waters.
China’s version of the story is that the vessels were there to monitor the activity of a flotilla of boats reportedly carrying members of a Japanese nationalist group (in what it too, naturally, views as its territorial waters). This was the most Chinese ships to enter Japanese waters near the Senkakus since the Japanese government purchased three of them from what it considers their owner last September and effectively nationalized the chain, a move China has quite vocally disputed and which has led to violent anti-Japanese demonstrations in China, as well as a wide-ranging boycott of numerous Japanese exports. Continue reading »