Septim Dynasty comments

Posted in: Suez Canal ship case adjourned for compensation talks See in context

The vessel’s Japanese owner, Shoei Kisen Kaisha Ltd, and insurers said the demand is still too high. They previously had offered $150 million in compensation but that was rejected by the canal authority.

Comparing to the damages of the Suez fiasco, this amount is an atom to the actual damage. Egypt was generous to demand nearly 1 billion dollars, while they could have demanded 10 billion dollars (if the corporation is actually large like MAERSK or COSCO).

This means Shoei Kisen Kaisha may not be financially viable as various J-nationalists thought. This applies to the whole world of Japan Inc.

6 ( +6 / -0 )

Posted in: BOJ assets quadruple to ¥714.56 tril under Kuroda's aggressive easing See in context

They could cancel the bonds or let them run to maturity. Then a big chunk of Japan's public debt, potentially up to 45%, would disappear.

Moody's, S&P, and Fitch won't sit and idle. They will downgrade the whole country of Japan and Japan corporate world to CC or D as they once did to Japan during the bubble burst era.

https://www.reuters.com/article/us-japan-economy-fitch/fitch-downgrades-japan-joins-moodys-in-warning-on-fiscal-policy-idUKKBN0NI0SS20150427

Fitch downgraded Japan because of this particular issue with the BoJ.

In the past, these firms are so powerful that the US government scared so bad that they were panic over S&P downgraded US debts. President Obama and the whole US Congress were rushed to criticize the firm, and they even commenced an investigation against a private corporation!

https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades

To this day, S&P still stood by its decision of keeping AA+ level. The US government failed to force the firm to change its mind.

7 ( +9 / -2 )

Posted in: Crackdown on illegal maid cafes making maids rarer sight on streets of Akihabara See in context

Illegal maid cafes are sex-trafficking.

-3 ( +0 / -3 )

Posted in: Japan sees 1st jobless rate rise in 6 months See in context

Japan's real unemployment rate should be at least 10%-20% if you don't consider temp jobs are employment in Japanese labor statistics.

0 ( +1 / -1 )

Posted in: Overseas investors sue Nissan over Ghosn's financial misconduct cases See in context

The Japanese can gesticulate as much as they want they are locked. Not only Renault owns 43 percent of the company but the French state is the main shareholder with 15.01 percent against only 15 percent for Nissan after clever maneuvering from the French state. Plus the 15 percent share of Nissan has no voting right while the French shares have double voting rights. ...  so in summary in the end the one who controls Renault and Nissan/ Mitsubishi Motors is the French State. Renault can still cause massive frustration to the Japanese nationalists forever, and the French won't ever sell their position in both companies since they are hardcore statists as Japanese elites.

The only thing the Japanese heads of Nissan can do to offset their nationalist frustrations is to shoot a bullet in their foot by ruining Nissan and therefore Renault. What is funny is that Renault was nationalized in 1945 because of collaboration !!! So, the French government will absorb the losses of Renault and immediately attempt to absorb the weakened Nissan-Mitsubishi Motors if there's a chance.

11 ( +14 / -3 )

Posted in: Japan wants TSMC, Sony to build 20 nanometer chip plant: report See in context

@Samit Basu

At the beginning of Abe's materials retaliation, Samsung summoned major Japanese suppliers and told them that they must move their supply chain out of Japan by the end of 2020 or Samsung would cut them off. In other word, build factories in Korea or supply them from Taiwan/China.

Given that the material Japanese produced were useless for Japanese use(Japan does not have advanced semiconductor processes necessitating them), Japanese suppliers complied, by opening factories in Korea or supplying Samsung from Taiwan/China.

At the same time, Korean suppliers were given large orders to build the economy of scale, Samsung and SK Hynix previously operated in their comfort zone, preferring to work with whom they were familiar with, but Abe's retaliations forced Samsung and SK Hynix to take risks on local suppliers and that risk paid off. This was a painful transition, but it worked.

This is the reason why Abe's materials retaliation is no longer in the news even though it is still in effect, Koreans can now do business without materials supplied from Japan.

This is excellent. Can you put some sources here as well?

-1 ( +1 / -2 )

Posted in: Japan wants TSMC, Sony to build 20 nanometer chip plant: report See in context

Samsung does not, Samsung has been Japan-free since the beginning of this year and this is why Abe's material retaliations against Korea no longer works.

Can you clarify this better? I wish an essay if you can write one.

0 ( +0 / -0 )

Posted in: Fast Retailing commits $3 mil for India COVID-19 relief efforts See in context

What about Japan, Japanese people needs your money too.

Sorry, Tadashi Yanai and Fast Retailing love Chinese money more.

https://asia.nikkei.com/Business/Retail/Uniqlo-says-no-direct-deal-with-entity-in-China-s-Xinjiang-area

So do other Japanese businesses.

https://www.wsj.com/articles/japans-muji-appeals-to-china-by-advertising-use-of-xinjiang-cotton-11620692294

0 ( +0 / -0 )

Posted in: North Korea's hacker army called 'world's leading bank robbers' See in context

The most humiliating part is that Yakuzas are now pool boys for these North Koreans.

https://www.newyorker.com/magazine/2021/04/26/the-incredible-rise-of-north-koreas-hacking-army

North Korea penetrated into Japan long ago, easily.

5 ( +5 / -0 )

Posted in: Defiant Ghosn pins hopes on French probes to clear his name See in context

Because France likely helped him to escape in the first place. The Taylors can't simply and easily pull the rescue in the first place! Ghosn is an elite in the French world, so he must receive tremendous help from French intelligence agencies. Additionally, France wants to influence more in Lebanon, so Ghosn can be a helpful asset for the French.

-4 ( +2 / -6 )

Posted in: U.S. warns its citizens against travel to Japan due to COVID surge See in context

RIP Olympics.

1 ( +3 / -2 )

Posted in: SoftBank CEO again slams Olympics See in context

Even a Korean Japanese CEO knows what's wrong. When will Japanese ultranationalists understand?

1 ( +3 / -2 )

Posted in: Dutch court orders Ghosn to repay 5 mil euros in salary as Nissan-Mitsubishi case backfires See in context

This guy is a top tier of Lebanese elites, so he won't be touched by Lebanon at all. His battle with Japan will take a legendary length. However, I am more interested in the fate of Nissan under Renault's control.

The French are extremely committed to keeping their assets worldwide, and they won't allow Nissan to cede back to Japan. The very reason why Japan has been successful at saving faces through the deportation of Taylors is due to American cordiality towards the Japanese LDP regime. If France offers a more favorable alternative than Japan at countering against China, for example, then the US will change shift its favorability. The French-Japanese battle for Nissan will take a very long time.

5 ( +8 / -3 )

Posted in: Japan must radically speed defense build-up: Kishi See in context

Do it first, then talk later.

9 ( +11 / -2 )

Posted in: Bytedance billionaire CEO to leave post to 'read and daydream' See in context

The CCP seized ByteDance and its assets since he was nothing more than an avatar for the shadowy CCP members who invested and created the whole thing in the first place.

1 ( +1 / -0 )

Posted in: Japan warns Sumitomo after SDF weapon blueprints leaked to China See in context

This is why Japan will never join the Five Eyes.

1 ( +1 / -0 )

Posted in: Japan could freeze all Myanmar aid, foreign minister warns See in context

China: This is my time to shine!

Russia: Mine as well.

-2 ( +1 / -3 )

Posted in: Iconic Kyoto Tower bathhouse to close due to coronavirus See in context

Meanwhile, Nihonjinron folks will continue saying that China is not important for Japan’s existence. Just look at this article and all of Japanese service sectors, then they will probably change their mind.

0 ( +1 / -1 )

Posted in: Over 80% in Japan oppose Olympics this year: poll See in context

The IOC (International Olympic Committee) has replied to this poll with a clear, and repeated:

We do not care about japanese people’s opinion, we do have more power than the government (LDP) that ALSO couldn’t care less about its people.

LDP would only have listened to its people and cancel the Olympics if they were threatened by another large party that could take them out of power.

Unfortunately they know they will remain in power, and for this reason... no need to even pretend they care about the japanese people.

The IOC holds the entire Japan hostage. They know that the Olympics won't happen but they want Japan to pay the fines for not hosting the game.

The biggest losers in this GAME are in the following ascending category:

Japanese government Japanese private enterprises Japanese small businesses Japanese taxpayers (Worst affected).

The IOC is going to win anyway because Japan will have to pay the huge fines one way to another.

5 ( +5 / -0 )

Posted in: Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050 See in context

Everyone in the West knows that Japanese pledges are just valuable and worthy as the JGBs.

0 ( +0 / -0 )

Posted in: Japan's Jan-March GDP shrinks 1.3%, hit by virus restrictions See in context

I am tired of this zig-zag data manipulation game. Elite financiers and prestigious credit agencies are not buying into Japan at all.

0 ( +1 / -1 )

Posted in: Japanese, Vietnamese leaders oppose China's maritime actions in phone talks See in context

Japanese media puts the words into the Vietnamese PM's mouth again.

https://en.vietnamplus.vn/pms-look-to-boost-vietnam-japan-partnership/201603.vnp

There is no single mention of China, and this is a state-sponsored newspaper in Vietnam.

The two leaders also reaffirmed working toward resolving North Korea's past abductions of Japanese nationals, among other issues concerning the country.

There is no mention "North Korea" on the Vietnamese source. I don't understand why Japan brought this up because Vietnam has no authority over NK as well as any relation with Japanese issues of North Korea. Absolutely redundant!

-2 ( +12 / -14 )

Posted in: Seven & i buys U.S. Speedway chain despite warning of 'illegal' deal See in context

If the US Congress gets a hold on this case, then it’s a big trouble.

0 ( +0 / -0 )

Posted in: China's imports of Japanese cosmetics keep rising See in context

So much for decoupling. As I said many times before, Japan won’t escape the thaws of the CCP!

10 ( +11 / -1 )

Posted in: Japanese restaurant owner shot to death in Mexico See in context

Probably, he had a debt issue with the wrong people. No random thug can go that far for petty theft. They will routinely mug you on the streets and are often very wary of a break-in murder robbery in Mexico.

-7 ( +3 / -10 )

Posted in: Toshiba returns to net profit; welcomes 'credible' buyout offers See in context

Toshiba is a good acquisition to liquidate assets. Don't expect anyone in the West to "turn the company" around.

Japanese companies' financial statements and accounting methods cannot be trusted. Any foreign company should stay far away.

Precisely.

-1 ( +0 / -1 )

Posted in: IOC says negative public opinion no threat to Tokyo Olympics See in context

Why are the Japanese elites so dense?

6 ( +6 / -0 )

Posted in: Takeda says it may double imports of Moderna shots to help accelerate Japan vaccination See in context

So much for Takeda developed a homegrown vaccine for Japan.

0 ( +1 / -1 )

Posted in: Job offers for 2022 university graduates improve as COVID-19 fears subside See in context

Lifetime employment with inhumanely low wages and crappy working conditions

OR

Temporary employment with slightly better wages and slavery working conditions

1 ( +2 / -1 )

Posted in: Investors chide Toyota chief for questioning combustion car ban See in context

Church of England Pensions Board

Why does a religion go investing with state money?

0 ( +0 / -0 )

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