Japan economics thread.

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ansy1968

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azn_cyniq said:
This is what Americans want to do to China's economy.

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Warren Buffet alone owns roughly 10% of each of the top five Japanese trading firms. Foreigners are taking advantage of the weak Yen to buy up Japanese companies. This means that profits made by those companies will flow to the West. The value of the Japanese stock market has gone up, but this is not good for the Japanese people in the long run. I don't care about Japan, but this must not be allowed to happen in China.
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Bro don't worry the Chinese had capital control, it's a major irritant for US and China trade relationship that every new administration try to open it but failed. Now with the new cold war 2.0 do you think that the Chinese is stupid enough to allowed it.

The Chinese had followed the Malaysian example during the 1997 Asian Financial crisis, whatever criticism you have against Mahathir , this move of his is what make a great stateman . Against the odds with strong opposition from home and abroad he had made a great decision that benefit Malaysia. Now Russian will follow the Example of both China and Malaysia and I can see a lot of countries following suit as there are alternatives and tools against the Western Financial institution.
 
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ansy1968

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Instead of following the IMF diktat that allowed the foreigners to purchase Malaysia resources and public utility for a penny, he imposed capital control to protect Malaysian currency from foreign financial vultures and hedge fund. An opposite of Indonesia which follow thru the letter the IMF terms to the tee. Here is where Mahathir and Anwar Ibrahim diverge that led to his downfall and imprisonment as he served as Deputy Prime Minister and in many other Cabinet positions in the Barisan Nasional (BN) administration under former Prime Minister Mahathir Mohamad from 1982 to his removal in 1998.


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by KS Jomo · Cited by 29 — Malaysian Prime Minister Mahathir's Septem- ber 1998 capital controls were correctly seen as a bold rejection of both market orthodoxy as well as. IMF market- ...
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Sep 2, 1998 — Taking an enormous gamble to halt the slide in Malaysia's currency and stock markets, Prime Minister Mahathir Mohamad imposed controls on ...
didklmyself said:
What did Mahatir do during the AFC?
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coolgod

coolgod

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Japan’s Wavering GDP Revisions Leave Investors Unimpressed​

Japan’s government statisticians again revised the nation’s growth figures to show that the economy shrank at the start of the year more than previously reported, an additional tweak that casts further doubt on the reliability of initial figures.

Gross domestic product shrank at an annualized pace of 2.9% in the three months through March, the Cabinet Office said Monday, compared with a 1.8% retreat reported earlier. Economists say the weaker result may support a downward revision of the central bank’s annual growth forecast, though the likelihood of the Bank of Japan raising interest rates again this year remains largely unchanged.
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Japan will soon have the lost four decades.
 
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gadgetcool5

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coolgod said:
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Japan’s Wavering GDP Revisions Leave Investors Unimpressed​


View attachment 131892

Japan will soon have the lost four decades.
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Soon it'll be the lost century.

Soon the 1868-1998 period (Meiji, Taisho, and Showa) will be seen as a 130 year anomaly as Japan sinks back onto irrelevance.

Did you know Argentina used to be one of the world's richest countries in the 1910s? Most people don't. Most people in 2100 might know as little about Japan.
 
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