AMPONTAN

Japan from the inside out

Ichigen koji (177)

Posted by ampontan on Thursday, September 20, 2012

一言居士
– A person who has something to say about everything

The difference between China and South Korea is that in South Korea the anti-Japanese demonstrations are not manufactured by the government. China’s problem is that the absence of democratic transparency for decision making predates their enormous growth in military and economic strength.

– Baba Masahiro

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One Response to “Ichigen koji (177)”

  1. toadold said

    Meanwhile Price Waterhouse Coopers reports that since the end of 2011 China’s delinquent bank loans have increased by 333%. Given that the information is from open sources, it is probably actually worse than that. At this rate they won’t be able to buy the demonstrators their box lunches.
    If China wants to cash out of the US Treasury bonds they had better hurry. The US treasury in a desperate attempt to get Obama re-elected has turned up the printing presses and gotten into a contest with the European Central Bank to see who can devalue their currency the fastest. Though Japan has a real high debt load it is mostly internal, and if China cashes out the Japanese bonds they have purchased they won’t hurt Japan all that much and will really, really, hurt their export revenue.
    Meanwhile not too many people are buying Chinese equities….I wonder why?

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