Discussion about this post

User's avatar
Ned Lowe's avatar

Just ran across this on Semafor, for those interested in this issue:

https://www.semafor.com/article/08/25/2023/japans-climate-ira-missed-opportunity

Expand full comment
MarcoPolo's avatar

Japan as a whole gradually slides into a developing country. More Japanese investments keep sliding down internationally. I haven't seen any Japanese company (an individual one not a whole group of companies pooling together) taking a single project of billions of dollars like what Samsung/TSMC does with semiconductors or Chinese companies with electric cars/AI or American companies at doing anything. Japan's credit rating is dangerously reaching to A- as it's currently at A. If Bank of Japan fails to suppress yield rates, then it will be a trip down below A- which will be lower than Malaysia. Officially, Japan will become a developing country by that measure since credit rating is highly crucial for any company/any nation to gain financial resources globally. A good Nikkei Asia article on this matter.

https://asia.nikkei.com/Economy/Bank-of-Japan/BOJ-unwinding-stokes-fears-of-government-bond-downgrade

https://asia.nikkei.com/Editor-s-Picks/Interview/Japan-s-SMFG-looks-outside-traditional-banking-for-growth-CEO

https://asia.nikkei.com/Economy/Japan-s-low-credit-rating-keeps-good-companies-down

If any of you spends times to actually reading Japanese articles in Yahoo News, more Japanese experts echo this sentiment more. It's just JICA and METI pretending Japan to be "rich" which still is. More like the Argentinian type of richness. At least, Shinzo Abe was well aware of Japan's decline to force the weakening of the Yen through Abenomics. It helped to rally foreign investors (Asians but mostly Chinese) into Japan that can now enable some growth in the country at the detriment of poor Japanese population akin to the UK being swallowed by Indian/Middle Eastern elites for years!

Expand full comment
11 more comments...

No posts