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Look Out - Japan is a Powder Keg
Townhall.com ^ | December 29, 2011 | Mike Shedlock

Posted on 12/29/2011 6:25:43 AM PST by Kaslin

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To: VanDeKoik

70% of Japan’s export are machinery; precision instruments, optical instruments, electric appliances, cars, construction machines and industrial robots.

Besides, they have some of the best entertainment on the planet. Beside the fact that Disney has ruined most of the films with bad dubs, watch anything by Studio Ghibli and you will have a treat.

And Gaki no Tsuaki...seriously. Devote 15 minutes of your life to this and you will be highly amused.

http://www.youtube.com/watch?v=gNanH4xWDPI&list=LL6J5ThQ_82LfmlpT8lRo6Ng&index=13&feature=plpp_video


21 posted on 12/29/2011 7:56:15 AM PST by netmilsmom (Happiness is a choice)
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To: BfloGuy
Japan's major stock index has declined steadily since 1990. It's now one third of what it was then.

NIKKEI 225

22 posted on 12/29/2011 7:56:18 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: BfloGuy
I should have specified health providers.

Did you notice that you just typed the words "health providers"?

It's really weird that you - that any of us - could do that, without something in our brains screaming, "That's meaningless garble!" A doctor (nurse, physical therapist, radiologist ...) can do a lot of things for a client, but "providing health" isn't one of them, ever.

23 posted on 12/29/2011 8:00:52 AM PST by Tax-chick (I'm not being paid enough for this.)
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To: ElectronVolt
Those "cut takers" can actually enhance efficiency. I've created many analytical software systems that help a corporation plan huge expenditures of money

That was kind of the point I was trying to make with transportation and the accountants. Efficiencies are a very real factor. It is more efficient to grow food in Iowa and ship it to New York than it is to grow the food in New York. And to do that you have to keep track of the shipments and inventories.

But it is essential to remember that efficiency is the elimination of waste, not the creation of value. No matter how efficient you are, if you create nothing, you have nothing. Once the amount of wealth being created in a nation falls below a certain level the standard of living begins to fall, no matter how efficiently you distribute the remaining wealth.
24 posted on 12/29/2011 8:05:44 AM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: netmilsmom

Ok, I will admit I’m a sucker for Japanese game shows. ;^)

I’m am surprised that Japan still manufactures so much. I could have sworn they outsourced all of that to China and SE Asia.


25 posted on 12/29/2011 8:11:46 AM PST by VanDeKoik (1 million in stimulus dollars paid for this tagline!)
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To: TigerLikesRooster; AmericanInTokyo

Ping


26 posted on 12/29/2011 8:34:19 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Kaslin
Indeed! Moreover, Japan's efforts to kick the can down the road perpetually issuing short-term debt that will need to be rolled over at some point insures the explosion will be massive once the debt-bomb finally ignites.

Please see Japan Seeks to Market Record 145 Trillion Yen Bonds in 2012; Kicking the Can Japanese Style for a brief analysis.

Add to that The United States will have to refinance OVER $10 TRILLION in debt in 2012 TOO!

27 posted on 12/29/2011 10:00:47 AM PST by painter (No wonder democrats don't mind taxes.THEY DON'T PAY THEM !)
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To: Will88

The real issue that wasn’t addressed in this article is demographic. Japan’s population is aging fast and shrinking.

It’s to the point where the Japanese government is encouraging people to move to more populated areas as entire villages being to die off. All the young left for work in the cities and the rest die, one by one, of old age.

And it’s just going to get worse, as their young adults aren’t having children, either.

And without an expanding workforce, they cannot have economic expansion within Japan, as they’ll need to wring more productivity out of fewer workers just to break even.

Couple that with the governmental costs associated with the elderly and retirement... and you end up with a government that pays it’s bills with debt. For they can’t get enough money out of the remaining workers to pay for the costs generated by the elderly.

That said, I think that Japan is banking on the elderly continuing to follow their old habit of buying Japanese bonds into retirement... that way the elderly will pay for the government to care for them. And then die off before the bonds mature.


28 posted on 12/29/2011 12:08:51 PM PST by gogogodzilla (Live free or die!)
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To: Tax-chick

I’ll take the exploding lolitas in ‘Hello Kitty’ costumes, please!

:-P


29 posted on 12/29/2011 12:12:36 PM PST by gogogodzilla (Live free or die!)
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To: junta
General Macarthur called Japan a nation of 12 year olds.

In 1951.

They'd be...

...73 now.

30 posted on 12/29/2011 1:11:20 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: junta
General Macarthur called Japan a nation of 12 year olds.

In 1951.

They'd be...

...73 now.

31 posted on 12/29/2011 1:11:29 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: gogogodzilla

I suppose most people would, given the options I presented. Can you imagine how a Japanese-girl version of “Occupy Wall Street” would look?


32 posted on 12/29/2011 1:19:38 PM PST by Tax-chick (I'm not being paid enough for this.)
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To: Will88

“It seems most every industrialized nation that has exported many of its manufacturing plants and jobs to cheap labor nations ends up with a mushrooming debt problem.”

A statement profound in its implications, but (sorry!) not Nobel prize material. It goes back to the creation of true wealth versus credit. Also relates to balance of payments and a whole lot of other things. It works for a while...


33 posted on 12/29/2011 1:28:08 PM PST by Attention Surplus Disorder (Gun store gift certificate. An idea whose time has come.)
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To: netmilsmom

Dem boyz iz NUTZ!!!


34 posted on 12/29/2011 2:02:31 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: Attention Surplus Disorder
Also relates to balance of payments and a whole lot of other things. It works for a while...

And it relates to having productive work available for most all the working age population, work that enables workers to have a minimal, USA standard of living. A country can export manufacturing jobs and outsource many more skilled jobs, and run enormous trade deficits, and unnecessarily import hundreds of billions in crude oil, and then pretend that it's an overall benefit, but when we look at the almost $1 trillion in annual government expenditures for welfare, medicaid, food stamps (and growing), etc., etc., I think we see what these policies actual bring about.

The trade policies that have been followed can have no result but to lower the living standards of a portion of Americans, and then gov't makes it up with more gov't programs and mushrooming budget deficits and national debt. And, NO, those programs are not going to be ended and every citizen assume total responsibility for their own needs. We better relearn how to have an economy that provides work opportunity for most every one who needs to work.

35 posted on 12/29/2011 3:03:02 PM PST by Will88
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To: Elsie

They are. And I love them.

http://www.youtube.com/watch?v=GlUWZT9htW8&feature=related


36 posted on 12/29/2011 4:11:40 PM PST by netmilsmom (Happiness is a choice)
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To: Elsie

BTW. that should have a “Not safe for work or children” warning on it. PG-13 for sure.

But the Japanese have a bit of a different idea about right and wrong.


37 posted on 12/29/2011 4:23:14 PM PST by netmilsmom (Happiness is a choice)
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To: Tax-chick
Probably a scaled-up version of this:

(heh heh heh) :-P


38 posted on 12/29/2011 5:35:54 PM PST by gogogodzilla (Live free or die!)
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To: junta
basically Japan would love to revert to a norm of feudalism and stagnation

I don't doubt you are right; in the long run, nations don't change their character much. History illustrates, time and time again, that culture trumps politics, every time.

39 posted on 12/29/2011 6:04:09 PM PST by hinckley buzzard
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To: GonzoGOP

Farming and industry.... you left out mining. All is built on those three with lots of skimmers trying to get their cut off these three sectors.


40 posted on 12/29/2011 6:09:27 PM PST by dennisw (A nation of sheep breeds a government of Democrat wolves!)
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