Posts Tagged ‘Japan’

Disconnection VI

Posted from Tokyo, first time in Japan, which is awesome so far. An open society without being stupid about it would be the NRx fast-summary (sound, but limited). It was vastly easier to get into Japan than the United States.

Staying in the AirB&B equivalent of a coffin-hotel, but the situation is good (in Ueno).

Civilization level meets high expectations, and friendliness level exceeds them.
Much more English signage than expected, and the inherited Chinese characters have preserved their meanings, if not their phonological values, so the urban landscape is surprisingly intelligible.
Micro-artisan businesses of extreme excellence, typically run by elderly people, are everywhere.
Automation dialed up to eleven.
Yet to see a single over-weight person (which out-performs the stereotype).

Continue Reading

January 27, 2017admin 76 Comments »
FILED UNDER :World
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Pedal to the Metal

Japan accelerates into Keynesian fiscal singularity. This one is for our honored commenter ‘Kgaard’, who is sure to have some problems with it. (From David Stockman, this blog’s candidate for the most based economic analyst on the planet.)

Let’s not mess around:

Prime Minister Abe is proving himself to be a certifiable madman.

It could all be over a lot sooner than I’d expected.

November 20, 2014admin 97 Comments »
FILED UNDER :Political economy
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Quote note (#111)

SoBL on the next stage for Japan:

The Japanese had their forty-first straight month of trade deficits. This is the problem when a nation imports raw materials and energy and exports finished goods in a world of sluggish demand. The Japanese are one of the export dollar recyclers. They are not reliable anymore, which might be why tiny Belgium holds hundreds of billions of US Treasuries now. The Japanese are now moving to invest more abroad, but curiously, they are not investing in hot spots like China but instead in America. The Japanese are investing in US insurance companies as a proxy for investing directly in the US. They want to use insurance companies as a way to learn about the US market more before digging in deeper. This is beyond direct purchases of manufacturing firms and what not. They did this in the ’80s when Japanese automakers partnered with US firms to learn the psychology of the US worker as they then invested in US sitused plants.

At the core of all of this is finding ways to earn non-yen denominated revenue. Currency diversification to prepare for a domestic shock. They are preparing for the devaluing of the yen, and they expect it to happen to the yen first and the dollar later. Many have bet against the yen and lost, including recently Kyle Bass, but if the Japanese themselves are starting to bail, the end must be approaching. It is an interesting island culture shaping up. Greying and shrinking population, growing robotics industry, worlds’ largest creditor nation with trillions in net assets, “xenophobic” immigration policy, shrinking working population… it is like they are setting up an island of a homogenous, rentier class.

If this analysis is correct, it suggests that Japanese capital is set to become a major resource for world-wide trends with an NRx (anti-demotic propertarian) orientation. Sustaining foreign investment revenue streams will become an existential necessity for a grayed Japan, which is enough to establish a definite agenda regarding governance models in the functional fragments of the world system.

Does a ‘rentier nation’ spontaneously produce a Neocameral geopolitical entity?

September 22, 2014admin 13 Comments »
FILED UNDER :Political economy
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