TSE market capitalization returns to number one in Asia - Expectations for Japan's competitiveness after withdrawal from Chinese investment?
2024-01-17
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TSE market capitalization ranks first in Asia again
On the １１th, the total market capitalization of stocks listed on the Tokyo Stock Exchange exceeded that of China's Shanghai Stock Exchange. It seems that the TSE has returned to the top spot in Asia for the first time in about three and a half years. Various things are being talked about, including a move away from investment in China and expectations for Japan's competitiveness to recover. In the first place, the current strange international situation is the result of developed countries investing in dictatorial countries such as China and Russia.
G7 countries monopolized the world's wealth
In １９７３, the G７ once accounted for ６５% of world GDP. That's the GDP of only seven countries. This was seen as a monopoly on the world's wealth, and problems in developing countries were discussed. At that time, the world was also in the era of the Cold War, but the Cold War itself was at least a better era than now. Economic and political exchanges between communist and capitalist countries were closed off and blocked by a barrier called the Iron Curtain. Russia and China are calling for a return to the Cold War era, but is that really the case? One could argue that the Cold War era was the era with the least number of wars in the world.
The collapse of the Soviet Union changes the balance.
After the collapse of the Soviet Union, the countries of Eastern Europe collapsed one after another. China also pursued a path of liberation and reform, aiming to become an open nation. After the fall of the Berlin Wall, the world went crazy and thought the era of tension was over, but that was not the case at all. The loss of balance in the world has led to localized conflicts. Issues that were not highlighted during the Cold War era have been exposed as tensions have eased. Various things have been said about this, and while that may be true, I believe that it is essentially a matter of money.
Global capital flows into authoritarian countries
What began with the collapse of the Cold War was global capital, or so-called globalism. Globalists are talked about as a conspiracy theory on social media, but there is no interest in knowing who is behind it. The problem is that the era when business and investment in authoritarian countries began can be thought of as the collapse of the Cold War. Did they simply think that the world would turn to democracy once communism fell? What is clear today is that the country has spent decades cultivating a state in which its domestic market is opened up to the capitalist state as much as possible, and wealth is distributed by a dictator.
Democracy is a condition for investment
The Cold War era was a great time. It was a time when the world was divided based on ideology, and it was a rational and peaceful time. The world should once again create an iron curtain of democratic and non-democratic countries. We no longer need to care how much wealth the G７ makes. Only countries that choose the democratic state form can receive democratic investment. As long as we continue to be a dictatorial nation, we should just live with the economy of dictatorial nations. You should rethink that. However, there will be some remorse for the times when we grew a nation that grew fat and threatened us with weapons.
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Korea is opposed to Sado Kanayama's application for registration as a World Heritage site.Japan have evidence that it was not forced labor.
The Cabinet's decision in April 2021 and the inclusion of warship islands as UNESCO World Heritage sites are posted on the grounds that the recruitment at that time was not a forced labor.Forced Labour Convention in 1930.
When registering as a warship island, South Korea strongly opposes it, and Japan has even proposed a draft of the plan, saying that it will support it if it writes forcedlabor.Japan refused, and at the Japan-South Korea Foreign Ministers' Meeting, South Korea finally agreed to write forcedtowork.The Korean side was particular about the description because it knew that forced labor would be described as forced labor in the Forced Labor Convention at that time.Recruitment is not included in forced labor.It is stated in Article 2-2.The recruitment of the General Mobilization Order falls under paragraph (b).
South Korea opposes Japan's move to apply for the registration of Sado Kanayama as a World Heritage Site, saying it will not allow forced labor to be designated as a World Heritage Site.This is just the same view as it was on Gunkanjima.
C029 - Forced Labour Convention, 1930 (No. 29)
ARTICLE 1
1. Each Member of the International Labour Organisation which ratifies this Convention undertakes to suppress the use of forced or compulsory labour in all its forms within the shortest possible period.
ARTICLE 2
1. For the purposes of this Convention the term forced or compulsory labour shall mean all work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily.
2. Nevertheless, for the purposes of this Convention, the term forced or compulsory labour shall not include--
(a) any work or service exacted in virtue of compulsory military service laws for work of a purely military character;
(b) any work or service which forms part of the normal civic obligations of the citizens of a fully self-governing country;
(c) any work or service exacted from any person as a consequence of a conviction in a court of law, provided that the said work or service is carried out under the supervision and control of a public authority and that the said person is not hired to or placed at the disposal of private individuals, companies or associations;
(d) any work or service exacted in cases of emergency, that is to say, in the event of war or of a calamity or threatened calamity, such as fire, flood, famine, earthquake, violent epidemic or epizootic diseases, invasion by animal, insect or vegetable pests, and in general any circumstance that would endanger the existence or the well-being of the whole or part of the population;
(e) minor communal services of a kind which, being performed by the members of the community in the direct interest of the said community, can therefore be considered as normal civic obligations incumbent upon the members of the community, provided that the members of the community or their direct representatives shall have the right to be consulted in regard to the need for such services.
Japan is the only country of color to successfully modernize (industrial revolution).
Japan is said to be the only country among people of color that succeeded in modernizing through the industrial revolution. So why was only Japan able to succeed?
Japan has been isolated from the rest of the world for over 200 years, and we are generally taught in school that modernization began with the opening of the country. What exactly is the industrial revolution? The industrial revolution can be thought of as a power revolution.
Watt in England improves the steam period and creates a machine that converts the power of steam into rotary motion. This was a revolutionary invention at the time. He will be able to transmit rotational motion to various gears and realize complex movements in various locations. So, what was the machine like up until then? It was similar to how humans and cows rotate their shafts, or when they step on a loom with their feet to obtain rotational motion.
This is the power of steam, and if you keep the fire burning, you can get an output many times greater than human power. What this achieves is mass production of products.
Until then, it was called a cottage craft industry, and as the name suggests, people made things by hand, but from now on, we will enter an era in which machines will be making large quantities of the same items.
This is the industrial revolution. Products manufactured in large quantities are cheaper and become popular among various classes. Steam locomotives also provided the infrastructure for transporting these large amounts of goods. From this era, the demand for coal to generate overwhelming thermal power increased explosively.
So, why did Japan succeed in the industrial revolution? Japan already had the technology to make these machines by watching and copying. During the Edo period, techniques were honed and improved as a traditional craft during the apprenticeship system, and the sword culture continued for a long time, making iron processing technology one of the best in the world. has in the metal processing field. Unlike human power, steam engines produce overwhelming power, so wooden machines would easily break. In other words, even the smallest parts of various machines must be made of metal and assembled. When Japanese people saw Western industrial machinery, they may have simply thought, ``Oh, I think I could make something like this.''
One reason is that Japanese people are good with their hands, but clocks were the most precise gear-based machines of the time. It is said that Japanese clocks were already created in Japan during the era of Tokugawa Ieyasu. Currently, Japanese clocks have a reputation for being the most accurate and unbreakable in the world, but these technologies were not invented yesterday.
■English subtitles
There is another thing that Japan achieved that was necessary for the industrial revolution. It is a departure from the feudal system. In the West, a civil revolution had already taken place, and the industrial revolution began more than 100 years later. Free citizens were already active during the Industrial Revolution, and their lives were not tied to feudal lords or land as in the feudal system.
In other words, when wealthy people at the time started a company that mass-produced products using industrial machinery, they could recruit and hire employees.
This is the proletariat, and a mobile labor force is essential to the industrial revolution. The Meiji Restoration was truly a revolution that destroyed the feudal Edo shogunate system and created a civil society.
The Japanese at the time were able to accomplish something that had never been seen before in the world: they simultaneously carried out an industrial revolution. Then, if you think about why other countries of colored people were unable to modernize, it can be said that it is because these two points were not met. One is metal processing technology. The other is the formation of a civil society, which means breaking away from feudal society.
In the first place, Southeast Asian countries and other countries of color were all colonized by the West from the latter half of the 15th century, so it is difficult to imagine that the countries under colonial rule would be able to achieve the industrial revolution that first occurred in the West in the late 18th century. It's impossible to say so. For example, what if we look at the neighboring countries of China and the Korean Peninsula?
China also has a sword culture, and has a long history of using iron tools. However, they were unable to break away from feudalism. As for the Korean peninsula, Korea did not have the technology to make needles and wheels, so they imported them from China. What this means is that the needle meant that people didn't have fine metalworking skills, and the wheel meant that people didn't know how to bend wood into rings, so they didn't know how to move things. It was carried on the back of a person, carried by a person, or placed on their head. In other words, it is impossible to improve the efficiency of infrastructure, and in the first place it is impossible to make the gears in industrial machinery or perform detailed metal processing.
What was fatal on the Korean peninsula was that the class system was exactly as it was before the Middle Ages, and it was a distorted society with 40% slaves, so talk of a mobile labor force was a thing of the future. . In order to firmly protect this old Korean society, the aristocratic class, the yangban, completely eliminated various reforms for modernization. It can be said that both were fatally lacking.
Only 27 years after the Meiji Restoration, Japan defeated the Qing Dynasty, which was considered a major power, and 10 years later defeated Russia. After World War I, Japan sat at the table at the center of the world as a permanent member of the League of Nations in 1919. This was only 51 years after the Meiji Restoration. In this way, Japan was the only people of color to achieve modernization, and the idea was to spread this wave to Asia.
Sun Yat-sen's Xinhai Revolution was made possible with Japan's support, and Sun Yat-sen, who founded the Republic of China, believed that Japan's Meiji Restoration was the cause of the Chinese Revolution, and that the Chinese Revolution was actually the result of the Restoration. I'm making a statement. During his exile in Japan, Sun Yat-sen took the name Sun Yat-sen and was a person who learned about Japan's modernization. There was a man named Kim Ok-gyun on the Korean peninsula, but the revolution in Korea ended in failure, and Kim defected to Japan. However, when he went to Shanghai, he was assassinated by an assassin sent from Korea. It is ironic that just four months after Kim Ok-gyun's death, the Sino-Japanese War began, resulting in the independence of the Korean peninsula and the beginning of reforms toward modernization.
As a result, China started the Xinhai Revolution in 1912, 44 years after the Meiji Restoration, and the annexation of Japan and Korea began 42 years after the 1910 Meiji Restoration. In fact, as Asian countries eventually achieved independence after the war, the process of modernization was necessary in any case, but it is worth noting that Japan was the only country of color to achieve this. However, it is clear that the modernization of Asia was derived from Japan's Meiji Restoration, and in this regard, China, the Korean Peninsula, and Japan, without exception, have recognized this important process within the theme of mod
Greater East Asia War as seen from Hideki Tojo's will - Who is a war criminal? Judgment at the Allied Tribunal of Victorious Nations
At the end of the war, Japan surrendered unconditionally and faced trial by the Allied powers. This trial was based on the Charter of the Far East Military Tribunal, which was created based on the Charter of the International Military Tribunal. The Charter of the Far East Military Tribunal was dated January 19, 1946, so the rules were created completely after the end of the war, and the Charter of the International Military Tribunal on which it was based was dated August 8, 1945, just one week before Japan's surrender. It was signed in London by the four Allied nations: Great Britain, France, the United States, and the Soviet Union. In other words, it is a complete ex-post facto law, stipulated for class A-C war criminals, and was created to judge Japan.
Excerpt from Hideki Tojo's will
When I think back to the beginning of the war, I feel truly heartbroken. Personally, I feel comforted by this execution, but my domestic responsibility cannot be atoneed for with death. However, as far as international crimes are concerned, he maintains his innocence. I bowed down before power. As for me, I will go to the prison satisfied with my domestic responsibility. However, it is truly unfortunate that he was responsible for his colleagues, and that his punishment was extended to lower-ranking officers. I deeply apologize to His Majesty the Emperor and the people.
The peoples of East Asia should forget what happened this time and cooperate with each other in the future. East Asian people should have the same rights as other ethnic groups, and should be proud of being a colored race. I cannot help but respect Indian judges. This made him feel proud of the East Asian people.
American leaders have made a huge mistake. What happened was that Japan, the barrier to redness, was destroyed. Manchuria is now a base for redness. The division of Korea into two is the root of the troubles in East Asia. The United States and the United Kingdom have a responsibility to provide relief.
The non-retroactivity of law is one of the basics of modern law, and new laws cannot adjudicate cases that occurred before the law was enacted. Moreover, two days before the signing of the Charter of the International Military Tribunal, an atomic bomb was dropped on Hiroshima, and the next day on Nagasaki.
The sealed Greater East Asia War, what is the original meaning of the word Hakko Ichiu?
There are some words that were banned by GHQ after the war. Typical examples include the words Greater East Asia War and Hakko Kazuu.
The Greater East Asia War became known as the Pacific War, or World War II, and many Japanese people have probably never heard of Kazuu Hakko. What exactly was the Greater East Asia War? It would be best to think of it as a war based on Japan's Greater East Asia Co-Prosperity Sphere concept.
Starting with India, Asian countries were colonized by the West one after another over hundreds of years. The countries that were invading these countries were mainly Western maritime nations: Great Britain, France, the Netherlands, Portugal, and Spain. In fact, not a single country in Asia was able to resist this and surrendered its country. In the end, almost all of the vast Asian region became a Western colony, and even China, which was once called a great power, went through the Opium War and the Arrow War, and its major cities were leased out one after another, resulting in a state of divide-and-rule.
It was clear that the opening of the Suez Canal would greatly shorten the sea route that had previously reached Asia via the southernmost tip of Africa, accelerating the division of Asia.
Russia was lagging behind in colonial policy in Europe. The Russian coast freezes over in winter, making it impossible to navigate. Even if sailing is possible during the season, they will have to pass through the narrow strait between present-day Denmark and Sweden, enter the North Sea, and then travel through the English Channel. Even going out into the Atlantic Ocean was influenced by other countries, and Russia was only able to acquire some areas such as Alaska regarding its colonial policy in the Americas.
Russia planned to colonize Asia by land. This is the Trans-Siberian Railway. They used this railway to send soldiers and weapons, colonize Northeast Asia, and transport the supplies they obtained to St. Petersburg. With the completion of this colonial infrastructure, it was clear that colonial policy in Northeast Asia would accelerate. The Trans-Siberian Railway was opened in 1904, and at the same time information was received that the Baltic Fleet, said to be the strongest fleet at the time, was heading for Vladivostok, the terminal station of the Trans-Siberian Railway.
What was the Baltic Fleet planning to do now that it was able to receive supplies from Vladivostok? China? Korea? Of course, it is natural to acquire those areas, but if it is a continent, it will be a land strategy, so do we need a fleet for land routes? In other words, it is clear that the purpose of these ships was to subdue Japan. The Baltic Fleet sank the ship in the Sea of Japan before entering Vladivostok during the Russo-Japanese War and the Battle of the Sea of Japan. In the end, Japan won, and Russia's plans suffered a major setback. The Russo-Japanese War was from 1904 to 1905, and the Trans-Siberian Railway was completed during this war.
Even among Japanese people, there are many who say that Japan waged a reckless war. Is it really reckless? In fact, Japan has defeated all European countries such as Britain, France, and the Netherlands, including in Southeast Asia. If anything was reckless, it could be said that it was the start of war with the United States. Next, there are those who say that Japan invaded Asia. Now let's think about where we invaded. Thailand was the only independent nation in Asia west of China. In other words, the Asian countries that Japan invaded no longer existed in Asia at the time, in the sense that they were self-governing. They were Western colonies, so Japan invaded Britain and the Netherlands. If I had to say it, if we think of the Sino-Japanese War as an invasion of China, then we can say of the Asian countries that they invaded China.
So why is it said that Japan invaded Asian countries? That's probably why the term Greater East Asia War was banned. At that time, the world was about to be divided into European maritime nations. All of the Americas are colonies. What about Australia? What about the African continent? Europe's maritime nations will acquire all of this. Is Asia different? There's no reason for that. Japan is the only Asian nation that has resisted this global colonial policy.
The Greater East Asia Conference was held in 1943. Participants included representatives from Burma, Manchukuo, the Republic of China, Japan, the Kingdom of Thailand, the Philippines, and India. I would like to introduce the Greater East Asia Joint Declaration that was adopted here.
The countries of Greater East Asia will work together to ensure stability in Greater East Asia and build an order of coexistence and mutual prosperity based on morality. The countries of Greater East Asia will respect each other's independence and independence, bear the fruits of mutual aid and harmony, and establish affinity in Greater East Asia. The countries of Greater East Asia will mutually respect their traditions, develop the creativity of each ethnic group, and enhance the culture of Greater East Asia. The countries of Greater East Asia will cooperate closely with each other on a basis of mutual benefit, plan their economic development, and increase the prosperity of Greater East Asia. The countries of Greater East Asia will deepen relations with all countries, eliminate racial discrimination, widely exchange cultures, and contribute to the advancement of the world by willingly opening up their resources.
This is a declaration issued by representatives from various regions of Asia. The ideas common to each statement are the coexistence and co-prosperity of Asian countries, mutual respect, and the elimination of racial discrimination. Was there ever an example of such an agreement between countries in that era? Britain and other countries gained wealth through the slave trade from Africa, which was reflected in the industrial form of producing goods in the Americas using cheap labor and exporting them to Europe. In Manchukuo, the Five Tribes of Harmony was actually sung, and the idea was that all ethnic groups living in Manchuria would build a nation on an equal footing. In other words, Manchukuo advocated the most advanced ideology in the world at the time, and the Greater East Asia Joint Declaration was pioneering in its content, calling for Asian countries to coexist and prosper together and eliminate discrimination. This underlying idea is the spirit of Kazuu Hakko. Hakko Ichiu is the idea of living in peace with the world as one home, centered on His Majesty the Emperor, without discrimination of race, ethnicity, religion, etc. It may seem unreasonable based on current values for countries other than Japan to have the Emperor at the center, but although there are 56 member countries in the British Commonwealth of Nations, the so-called Commonwealth is made up of 56 countries. is the current King of England, Charles III. The original meaning of Hakko Ichiu is found in the latter part, and it can be said that it is also expressed in the Greater East Asia Joint Declaration.
So, where in Asia did Japan invade? In order to cover up all of this, the words Greater East Asia War and Hakko Ichiu were banned. The purpose, of course, was to justify war and colonial policies for the West, and the story was changed to one in which Japan suddenly went crazy and invaded Asian countries.
Japan's struggle against Western colonial policy is a well-known hist
Is the Unification Church issue a problem of separation of church and state? - Abnormal public opinion that condemns people just by saying hello.
The problem started with the murder of the former prime minister
There is no law that says no to politicians getting involved in religion
What are the benefits of specific religions from the country
Incoherent media tone
The issue of the Unification Church has become somewhat incomprehensible in Japan. It is said that the mother of the person responsible for the incident in which former Prime Minister Abe was shot and killed was a member of the Unification Church, and that her past misfortunes related to this were the motive behind the incident. Former Prime Minister Abe reportedly gave a speech at the Unification Church. However, this is still just a statement before the trial. I don't even know if that's the real motive.
Politicians are often asked to attend and give speeches at meetings of various organizations. It can also be said that this is part of political activity. Some people refer to the constitutional principle of separation of church and state, but when interpreted as a law that prohibits the state from providing benefits to specific religious groups, it can be interpreted as a law that prohibits individual politicians from drinking alcohol, regardless of which religious group they greet at. It's not something I already know.
Facilitation by the state refers to the provision of advantageous systems and benefits to specific religious groups by law. Even if they say hello at the Unification Church, they will probably also visit Yasukuni Shrine, and if the Dalai Lama of Tibetan Buddhism visits Japan, will the Japanese Prime Minister meet him? He will probably meet the Pope when he visits Japan. Does this violate the principle of separation of church and state? We just met.
The problem with the Unification Church is simply a question of how to regulate large donations to religious organizations that violate public order and morals, as well as forced requests, and is far from an issue of the separation of church and state.
