Who is Japan's first female prime minister candidate?A rival candidate who is being dragged out as an attempt to disperse women's votes.
2024-01-06
Category:Japan
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Makiko Tanaka is lifted up again
The moment Makiko Tanaka comes up as the next prime minister, Japanese public opinion feels hopeless. He inherited the position of former Prime Minister Kakuei Tanaka, and became popular in the media for his oratory skills, and became the Minister of Foreign Affairs under the Koizumi administration, but his actual political beliefs are unclear and he is no longer just making political jokes. People in the audience began to notice that this was the case, and the audience grew tired of his speech, which was filled with repeated slander against Liberal Democratic Party members.
Failed in local election Failed in proportional district
As a result, she lost the election in Niigata's 5th ward, which was her father's seat, and was not elected even after a proportional restoration. This is a loss for a second-generation lawmaker with experience as prime minister. In other words, she was out of favor with both the Liberal Democratic Party and her local constituency. Personally, I think that she will run as a candidate for the Democratic Party if she thinks it is impossible for her to run for the Liberal Democratic Party, and that it is completely unclear where her political beliefs lie.
Candidate for president without returning to the Liberal Democratic Party?
It is surprising that the media is once again elevating this person. I wonder if it's the media that's lifting it or the audience that's lifting it. It seems like she could be a candidate for the next president if she talks about politics and money issues in a fun way. In the first place, she probably won't even be able to return to the Liberal Democratic Party. How can she become the president of the Liberal Democratic Party without becoming a member of the Liberal Democratic Party?
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The curse of primary balance has been lost for 30 years, and now is the time for fiscal spending.
The lost 30 years were born from the curse of fiscal surplus
Why not use fiscal stimulus to address the national crisis?
Japan used to be the same as today's China
Why did Japan go for austerity?
30 years of innovation only to be stolen
Only Councilor Sanae Takaichi answered these questions clearly
The curse of a primary balance surplus has become an excellent material for opposition parties to appeal to the government for fiscal austerity. Yoichi Takahashi has said that he does not mind fiscal stimulus, or printing money, up to the inflation target of 2%.
Both Prime Minister Abe and Policy Research Council Chairman Takaichi have set an inflation target of 2%. In the first place, the topic of primary balance became popular after the bubble burst.
As many large companies go bankrupt, the government repeatedly imposes fiscal stimulus, resulting in deficits and financial bankruptcy. The bursting of the bubble was a national economic crisis.
So when is the government going to do something about the national crisis without spending money? In 1989, 32 of the 50 companies in the world by market capitalization were Japanese companies, but by 2019, there was only one Japanese company, and that number had disappeared. Ta.
During the bubble period, Japan was to America what China is today. It is true that growth was not based on illegal business like in China, but there is no doubt that it was a threat to the American economy.
The United States should have predicted Japan's bubble would burst. Or maybe it's a country that can play a role in triggering this.
If Japan had been able to implement bold fiscal stimulus after the bubble burst, it would have been possible to quickly overcome the aftereffects and return to a growth trajectory. Japan is among 11 countries subject to currency manipulation monitoring announced by the U.S. Treasury Department on December 3 of this year.
Trade friction is at the root of the current U.S.-China relationship. In addition, the defense of East Asia was also involved, and Japan at the time was also experiencing trade friction between Japan and the United States.
Even after the bursting of the bubble economy, Japanese companies have continued to innovate in a variety of ways. i-mode was the world's first mobile phone to connect to the Internet, the all-in-one concept of integrating a camera, calculator, memo pad, etc. in a bag into a mobile phone, and mixi was the original social network.
These ideas became the exclusive domain of American GAFA. Even though Japan was in the bud of creating a new industrial structure, it ran out of water and nutrients.
So why or who put a stop to it?
Internal pressure, external pressure, various things can be imagined. Japan's balance sheet shows that its finances are sound, and fiscal stimulus will not cause a national fiscal collapse. This is exactly what was at issue in the last presidential election. There are two points: fiscal spending and national defense.
Councilor Takaichi was the only one who clearly answered that question, and I had no idea what the other candidates were saying.
Japanese economy continues to fly low. We need a rocket engine to get back on the growth track.
Governor of Tokyo becomes president of the Liberal Democratic Party?
Another female member of the Diet who has been nominated is Tokyo Governor Koike. She seems to be working hard to talk to Tokyo Governor Koike about whether or not she will run in the general election, but Mr. Koike seems to have clearly denied her candidacy. In the first place, how will she become a member of the Diet if there is no dissolution before the presidential election, and will she become the president of the Liberal Democratic Party?
A woman's enemy is a woman's composition
Looking at it this way, it appears that what some media outlets are trying to do is divide the vote for a female president. Perhaps it would be better if she were well-known and a woman, but her purpose was to suppress candidate Takaichi. In the ranking of women's politicians who they would like to see become Japan's first female prime minister, Yuriko Koike came first, Makiko Tanaka came second, and Sanae Takaichi came third. The first and second place candidates are not even Liberal Democratic Party members.
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National debt is not the people's debt - The country is not a company - Breakdown of government bond holdings that still do not penetrate public opinion.
The image at the beginning shows the breakdown of Japanese government bond holdings. I sometimes see people say that national debt is the nation's debt or that it is the same as corporate debt, but national debt is the government's debt, not the people's debt. Even if a country is compared to a company, companies do not borrow money from their employees. Debt comes from outside the company, and in this case, it involves purchasing Japanese government bonds from overseas. If most of the debt is overseas, it is natural that the company will default if it cannot be repaid. Purchases of Japanese government bonds from overseas account for 7.3%.
If you really want to say that it is the same as a company, would you say that purchases in Japan are borrowed and borrowed within the company or within the group company? Yoichi Takahashi considers the Bank of Japan to be the same as a subsidiary of the government, and explains that it is the same in terms of consolidation, regardless of whether interest is charged. The Bank of Japan holds 53.2% of Japanese government bonds. He is well known for introducing BS to show that the country holds government assets equivalent to the government's debts (excluding the holdings of the Bank of Japan). The total amount of government assets ranks first in the world, exceeding both the United States and China. Below is the balance sheet (BS) of Japan.
Furthermore, Japanese government bonds are mainly traded in yen, which means that there is no change in value based on foreign currencies. In the case of foreign currency transactions, if the value of your home currency plummets, the face value of your debt will rise accordingly. Suppose your country's currency drops to half its value. Alternatively, if the foreign currency used when trading government bonds doubles, the debt will also double, but since the transaction is in Japanese yen, there will be no effect at all. In an extreme case, former Prime Minister Aso said that repayment would be possible by increasing the number of yen bids. In this case, there will be inflation and the value of the yen will fall, but the theory is that the debt can be repaid because it is the face value of the yen. This was actually said by Taro Aso, a former Prime Minister and former Minister of Finance.
Secondly, the Japanese government is also the world's No. 1 creditor country. In other words, they have foreign bonds and foreign assets. The fact that we are currently talking about national debt as a problem is actually making a fuss about only the debt part, and in fact, Japan has the most foreign assets in the world. This assumes that the government bonds are denominated in yen as mentioned earlier, and if more yen is printed, the value of the yen will fall and the yen will become weaker. If you do this, overseas assets purchased in dollars or euros will increase in value when converted to yen, so the difference will be a large income. Even with the current depreciation of the yen, a large profit margin was generated due to the increase in the valuation of overseas assets.
Representative Sanae Takaichi has advocated the ``Japanese Economic Resilience Plan,'' which calls for a temporary freeze on primary balance (PB) regulations and calls for industrial investment through the issuance of government bonds. She says that even if inflation were caused by printing more yen, it would not have a big impact if the inflation rate was less than 2%. Currently, the yen is depreciating due to the difference in interest rates due to the Fed's interest rate hikes, but the original goal is to induce a depreciation of the yen through the issuance of government bonds and increase the number of bonds, strengthen international competitiveness, and increase wages and tax revenues through rising prices. If the manufacturing industry returns to Japan due to the weak yen, GDP and tax revenue will increase, and government debt can be reduced. For now, this is just the effect of a weaker yen due to interest rate differences, but we are already seeing significant results.
In other words, those who claim that government debt is bad have the completely opposite idea. What ruined Japan after the bursting of the bubble was rather the primary balance discipline, the inability to focus on single-year income and expenditures and to make long-term investments. Japan tightened its finances in the most critical economic situation. If it is the same as a company, when the company is in crisis, the company's safe is closed like a shell, and for the past 30 years, the company has been operating in a state of poverty and not being able to make long-term investments. This is the so-called curse of PB by the Ministry of Finance.
It is a complete lie that Japan destroyed the Korean royal family. Japan respectfully protected the royal family.
Korean people claim that Japan destroyed the Korean royal family, but is that true? The annexation of Japan and South Korea was made possible by a treaty signed by both countries. Japan treated Joseon's royal family, the Yi royal family, with respect, created the royal family system, and protected the Korean royal family even after the annexation.
Sunjong, the last emperor, lived in Changdeokgung Palace in Gyeongseong Prefecture and led a comfortable life. Susumune enjoyed playing billiards on weekdays and listening to the gramophone at night. It is said that he liked the French cuisine of Kaneyoshi Yoshikawa and his son, who served as the first head chef of the Imperial Hotel, and ate it almost every day.
Li Fangzi was born in 1901 and is a former member of the Japanese imperial family. She was born as the first daughter of the Nashimotomiya family. Queen Bangja was married to Yi Eun, the seventh prince of Gojong of the former Korean Empire. In the lead-up to the marriage of Queen Fangzi and Li Yan, the question of how to handle the status of the Japanese imperial family and the royal family arose, but in the end, the Imperial House Law was amended and supplemented, and marriages between women of the imperial family and royal nobles were corrected. Accepted.
The wedding was scheduled for January 25, 1919, but just before that, Lee's father, Gojong, passed away due to a cerebral hemorrhage. At this time, false rumors that he had been poisoned by a Japanese conspiracy were spread, leading to a large-scale riot known as the March 1st Independence Movement.
The premise of the March 1st Independence Movement is an incomprehensible false rumor that the Japanese side poisoned the father of a person married to a member of the Japanese Imperial Family. This led to the establishment of the provisional government of the Republic of Korea in Shanghai. A symbolic event of the current anti-Japanese movement is still held on March 1st. With a royal marriage coming up, what is the benefit of Japan killing the father of the marriage partner?
In this sense, we can understand what the March 1st independence movement that South Korea celebrates was like. Regarding the period of mourning, Emperor Taisho requested early marriage, and decided to mourn for one year, just like the members of the imperial family.
In 1920, when the mourning period ended, Fangzi married Li Yuan. Gojong's 7th child, Li Yan, is Sunjong's half-brother. After the last emperor, Sunjong, ascends to the throne, he is elected crown prince. At Hirofumi Ito's suggestion, Li decided to study in Japan and entered Gakushuin University. Even after Japan and Korea were annexed, he remained the heir to the royal family.
After marrying Queen Fangzi of the Japanese imperial family, a son, Li Ku, was born. In other words, he is the successor of the Lee royal family. Later, due to Japan's defeat in the war, Japan and the Korean peninsula became separate countries, and the royal court system that had protected the Korean royal family was abolished, and Yi Yan and Bangko lost their status.
Li and Fangzi, who had lost their status, also lost their Japanese nationality under the San Francisco Peace Treaty. This is because they will be treated as Korean Peninsula residents and as renouncers of Japanese nationality as defined in the San Francisco Peace Treaty.
The Republic of Korea, which was established after the end of the war, did not establish a royal family, let alone grant Korean nationality to the Lee couple. After the war, Lee went to study at the Massachusetts Institute of Technology in the United States, but he was not able to officially receive a passport from the Republic of Korea. It was only later, in 1962, that he received notice that he would be allowed to become a Korean citizen.
Eight years later, in 1970, Li passed away at the age of 72. His son Li Ku passed away in 2005 at the age of 73. What this means is that the Republic of Korea had no intention of restoring the honor of the Yi royal family.
Nowadays, there seems to be a person named Li Yuan as a descendant of the Yi royal family, and he seems to be the grandson of Sunjong's brother Li Seo. However, it is only the former royal family, and Lee Won currently seems to be living in an apartment in Goyang City, Gyeonggi Province. In other words, Japan carefully protected the royal family and the royal palace. After Japan's defeat in the war, by restoring the honor of the royal family, Korea was able to create a country with a royal family, like Britain and other European countries, and Thailand in Asia.
In other words, Korea did not do that. It seems that Japan is saying that the Korean royal family was destroyed, but Japan is the one that protected the Yi royal family.
It was the Republic of Korea that destroyed the Yi royal family.
Yasuhiro Nakasone called the Japanese archipelago an unsinkable aircraft carrier - Japan's topography gave the US military an advantage.
Former Prime Minister Yasuhiro Nakasone referred to former President Ronald Reagan as an "unsinkable aircraft carrier." This is a metaphor for the strategic significance of Japan's topography and the presence of U.S. forces within the Cold War structure. Japan once fought a fierce war with the United States, but after the war it became a democratic nation. Conflict between the United States and the Soviet Union had already begun during World War II. It is said that the United States participated in the war in part to secure its voice within the framework of the postwar world. Both the Korean War and the Vietnam War occurred amid conflicts between the United States and the Soviet Union. The United States did not want Soviet power to reach the southern tip of the Korean peninsula. It is said that an agreement on the 38th parallel was reached as a secret agreement at the Yalta Conference. In this context, Japan became a base for the US military to defend East Asia.
Japan is actually a neighboring country to the United States in the sense that there are no countries separating them geographically. It takes about 3 hours to get to Guam by air. The Japanese archipelago has a unique topography, stretching from north to south, bordering Russia to the north, Kyushu to the Korean Peninsula, China, and the islands south of Okinawa to Taiwan. For the United States, the terrain that covered the Japanese continent was attractive for the defense of Asia, and this was completely consistent with Japan's understanding of national defense. Conversely, it may be said that if the US-Soviet Cold War had not occurred, Japan-US relations would not have been able to recover to this extent. After the collapse of the Soviet Union, China rose to prominence and Asia's defense lines moved significantly south. As expected, the Japanese archipelago occupies an important position in this band as well. Currently, they are working together within the framework of Quad. Japan also plays an important role in the Taiwan Strait issue, and in this way, the Japan-US relationship has developed amid changes in the environment surrounding Asia.
There was a Korean leftist presidential candidate who said that the Korean peninsula was divided by the occupation forces (GHQ), but in essence, South Korea is a country born within the Cold War structure. There was no way to stop the Cold War structure, neither in Japan nor, of course, in South Korea. I can't believe my ears when I hear statements that deny this very upbringing. In fact, if South Korea had not come under GHQ's trusteeship, it would have simply been unified with North Korea. A democratic country forms the basis of South Korea's national ideology, and even if we lament the separation from North Korea, which has a completely different social system, nothing will be achieved by blaming others. . What can we independently do for the world? That always seems to be missing.
Before colonial rule or international law, bilateral commitments must be fulfilled.This is international common sense.
Was colonial rule legal or illegal at that time?History shows that.This is because there was no law or concept to ban colonies.Although not well known, Japan was the first country in the world to submit a bill to abolish racism in 1919.The attempt failed just before it was passed, and the United Nations Declaration on the Elimination of All Forms of Racism in 1965 had to wait.
There is a saying that the origin of international law is Hugo Grotius' Law of War and Peace, but he is a playwright and poet.It would be impossible to establish international law without international organizations.In a country governed by law, how does international law work now that police power can be controlled?What is the International Court of Justice?It is only after the two countries with disputes appear in court.If the other country does not appear in court, it will not work at all.
There is no police in the United Nations to crack down on the world, and the International Court of Justice will be held with the consent of both countries.
What the United Nations can do now is limited, saying it violates international law.Sanctions cannot be imposed without unanimous agreement among permanent members.The only thing that can be done is economic sanctions.How, then, can the two countries keep their promises?It is written in a treaty between the two countries, and if the treaty is deemed invalid, one country can unilaterally impose sanctions.
The South Korean government is clamoring for Japan's violation of international law and international law, but let's take a look at the Japan-South Korea Basic Treaty.The Japan-South Korea dispute resolution exchange document states, "The dispute between Japan and South Korea will be resolved through mediation in accordance with the procedures agreed upon by the two governments."What is mediation?It will now be the International Court of Justice.Even if the Japanese government invites them to the International Court of Justice, the Korean government will not respond.It remains the same as before and now that bilateral treaties should be observed before international law.
In principle, the commitments between the two countries are fulfilled by the two countries.It is clearly stated that the dispute resolution between Japan and South Korea should be resolved through mediation.
Public opinion without examining Abenomics - there is no point in criticizing it based on contradictory premises.
There are some surveys and opinions in public opinion that Abenomics has ruined Japan, but is that true? First of all, what is Abenomics? Were you asking people who answered the same question as in the poll, or were you asking people you didn't know? I wonder if asking someone I don't know will give me the results I expected. First, let's review the three arrows of Abenomics.
Three arrows of Abenomics
Bold monetary policyFlexible fiscal policyGrowth strategy to stimulate private investment
Monetary policy is still ongoing, but former Prime Minister Abe has said that the consumption tax increase was decided in advance and was carried out at a time when it could not be postponed, so he was unable to fire a second arrow. In other words, Abenomics is actually the first arrow in a variety of environments. In other words, I would understand if there was an evaluation of the fact that it did not advance to the second stage, but I have doubts about evaluating Abenomics itself.
Next, I will list some of the achievements of Abenomics.
Main achievements of Abenomics
The total national and local tax revenue will reach a record high of 107 trillion yen in fiscal 2019, up from 78.7 trillion yen in fiscal 2012. The stock price, which was around 8,000 yen, rose to over 24,000 yen under the Abe administration. Public pension investment profits increased by 57.6 trillion yen in seven and a half years. The effective job opening ratio was 83 job openings for every 100 people in 2012, and 164 job openings for every 100 people in 2019. Business operators improved their treatment due to the labor shortage. The minimum hourly wage rose from 749 yen in 2012 to 901 yen in 2019. The rate of children from single-parent households going on to university increased significantly from 23.9% to 41.9%.
Sanaenomics (Japanese Economic Resilience Plan) will be published. Representative Sanae Takaichi announced a policy to carry on Abenomics during the last presidential election.
Sanaenomics three arrows
Financial easingFlexible fiscal stimulus in times of emergencyBold crisis management investment/growth investment
What they have in common is that monetary easing policy will continue, and if the Takauchi Cabinet is elected, the government will implement aggressive fiscal policy.
The fact that the Japanese government's balance sheet was introduced for the first time in 1995 means that the Japanese government did not have the concept of strategic investment, which companies take for granted. How can you invest without a balance sheet or cash flow statement? It was only a matter of being able to compare the income and expenditure for a single year, or the previous year. The term "primary balance" has come to be used like crazy. At that time, Japan believed that deregulation would revive the economy, and the government repeatedly took the approach of relaxing regulations through legal revisions.
As a result, the Japanese government was unable to rebuild the national economy or make strategic investments for economic growth after the collapse of the bubble, which was an unprecedented economic crisis. More than 30 years have passed since we stubbornly closed the doors. Then, companies moved their manufacturing sectors to emerging countries, and GDP and tax revenues mainly went to neighboring countries such as China, creating a dual wage structure of dispatched labor in order to prevent an increase in the number of unemployed people in Japan. . The economic disparity that arose from this process is said to be one of the causes of the current declining birthrate.
So, has Abenomics ruined Japan? Would that also mean denying Sanaenomics? Or will we continue to turn down investments from the government as we have been doing, paying close attention to the primary balance under the guidance of the Ministry of Finance and listening to the beautiful words of fiscal consolidation? The point of contention should be to gather opinions on whether or not bold fiscal spending by the government is necessary. In any case, regardless of whether the policy is better or not, there are parts where it seems like the point at issue is not policy at all, but just an extension of a personal attack, which is unfortunate.