Japan economics thread

[Tam]

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This is a bad look for Toyota. They are just now bringing all-electric vehicles to the US, but at the same time, they are telling the government to slow their rollout when it comes to electric vehicles.

Those “tremendous challenges” that Wimmer is talking about are all things that other automakers have been actively addressing for years now, and Toyota would be on top of them, too, if they didn’t waste years and billions of dollars trying to make hydrogen fuel cells work in passenger vehicles.

So their long term bets on hybrids and hydrogen have failed.

For its part, Toyota, long used a model by business schools for the just in time inventory model, has no current shortage of chips. They learned from another disaster --- the March 11 tsunami. Since the earthquake and tsunami, Toyota has abandoned the just in time inventory model and has been stocking supplies with at least a six month buffer.

 

[B.I.B.]

So their long term bets on hybrids and hydrogen have failed.

For its part, Toyota, long used a model by business schools for the just in time inventory model, has no current shortage of chips. They learned from another disaster --- the March 11 tsunami. Since the earthquake and tsunami, Toyota has abandoned the just in time inventory model and has been stocking supplies with at least a six month buffer.

China has recognized the usefulness of hydrogen powered vehicles,especially trucks.

Here is a interesting article by Asia Times on the projected progress around the world

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"..........Beijing listed hydrogen as an energy source in a public law for the first time in its 2020 Energy Law of the People’s Republic of China, and established subsidies for FCV’s through four government departments, with an emphasis on freight and urban mass transit.
China is ready to finance the refueling infrastructure required to make hydrogen-based transport economically viable. And it has a large supply of hydrogen, now produced as a waste byproduct by its chemical industry.
According to government directives issued in September 2020, central government subsidies for FCV’s could reach RMB 17 billion, depending on how quickly Chinese cities meet their targets for FCV deployment. Local governments are likely to match the central government support, bringing the total government spend to RMB 34 billion, supporting between 40,000 and 60,000 new vehicles between 2020 and 2023.
China’s commitment to fuel-cell vehicles prompted a scramble by Europe and Japan to put forward their own programs............."

 

[voyager1]

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Fitch estimates government debt to have jumped to 254.8% of GDP in 2020 from 231.2% in 2019, the highest pre-pandemic debt ratio among Fitch-rated sovereigns. We expect the debt to peak at 258.6% in 2023, before turning to a gradual downward path, under our baseline of continued low interest rates. However, the coronavirus shock makes it more challenging to reduce the debt ratio over the medium term.

Wow Fitch has estimated that the covid situation has added an additional almost 25 per cent of debt to Japan.

So now Japan has 254.8% debt to gdp ratio. Failed state.

 

[Skywatcher]

China has recognized the usefulness of hydrogen powered vehicles,especially trucks.

Here is a interesting article by Asia Times on the projected progress around the world

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"..........Beijing listed hydrogen as an energy source in a public law for the first time in its 2020 Energy Law of the People’s Republic of China, and established subsidies for FCV’s through four government departments, with an emphasis on freight and urban mass transit.
China is ready to finance the refueling infrastructure required to make hydrogen-based transport economically viable. And it has a large supply of hydrogen, now produced as a waste byproduct by its chemical industry.
According to government directives issued in September 2020, central government subsidies for FCV’s could reach RMB 17 billion, depending on how quickly Chinese cities meet their targets for FCV deployment. Local governments are likely to match the central government support, bringing the total government spend to RMB 34 billion, supporting between 40,000 and 60,000 new vehicles between 2020 and 2023.
China’s commitment to fuel-cell vehicles prompted a scramble by Europe and Japan to put forward their own programs............."

Didn't Toyota team up with some of the established Chinese automakers on hydrogen?

Though if they're going in on consumer vehicles, they're in for an unpleasant shock (buses and commercial trucking can come around to making the investments for hydrogen/fuel cell vehicles if there's a business case. Your average car owner probably isn't going to shell out for the infrastructure).

 

[AssassinsMace]

Japan trying to lobby Australia to go hydrogen.

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[gadgetcool5]

Japan and US aim for chip supply chain deal in April summit​

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The U.S. side may also seek cooperation from Japan in terms of export restrictions to China. The U.S. tightened export restrictions on Chinese telecoms equipment maker Huawei during the administration of former president Donald Trump. Unlike the U.S., Japan currently does not impose restrictions on exports to China.

 

[voyager1]

Japan and US aim for chip supply chain deal in April summit​

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The U.S. side may also seek cooperation from Japan in terms of export restrictions to China. The U.S. tightened export restrictions on Chinese telecoms equipment maker Huawei during the administration of former president Donald Trump. Unlike the U.S., Japan currently does not impose restrictions on exports to China.

Thats why I am saying that Japan is not to be trusted guys.

There are still some people here who think that China should use Japanese semiconductor equipment lol

 

[ansy1968]

Japan and US aim for chip supply chain deal in April summit​

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The U.S. side may also seek cooperation from Japan in terms of export restrictions to China. The U.S. tightened export restrictions on Chinese telecoms equipment maker Huawei during the administration of former president Donald Trump. Unlike the U.S., Japan currently does not impose restrictions on exports to China.

@gadgetcool5 there goes Japan last hope for rejuvenating its Semiconductor sector, who will she sell her product to? ASML is a competitor and the EU will support its champion and will allow it to sell to China, Japan really like to do Seppuku at least that tradition still hold true until today...LOL

 

[gadgetcool5]

@gadgetcool5 there goes Japan last hope for rejuvenating its Semiconductor sector, who will she sell her product to? ASML is a competitor and the EU will support its champion and will allow it to sell to China, Japan really like to do Seppuku at least that tradition still hold true until today...LOL

Its going to be PLAZA agreement 2.0...

 

[Appix]

Thats why I am saying that Japan is not to be trusted guys.

There are still some people here who think that China should use Japanese semiconductor equipment lol

Yes. I posted this in december '20 when people where rattling about sourcing from Japan. Delusional.

I have one answer: fuck Japan. We should not source critical and strategical material from a country that since 1894 has only brought one or the other way misery upon us. What Japan can realize with or without cooperation is not my concern. My concern lies wholly with China and the establishment of a domestic semiconductor supply chain. We should have learned our lessons the past generations when dealing with USSR, West-Europe, Japan and USA. I prefer realism and not doves who again want to lay critical levers in the hands of a stooge of the American Empire.