TSE market capitalization returns to number one in Asia - Expectations for Japan's competitiveness after withdrawal from Chinese investment?
2024-01-17
Category:Japan
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TSE market capitalization ranks first in Asia again
On the 11th, the total market capitalization of stocks listed on the Tokyo Stock Exchange exceeded that of China's Shanghai Stock Exchange. It seems that the TSE has returned to the top spot in Asia for the first time in about three and a half years. Various things are being talked about, including a move away from investment in China and expectations for Japan's competitiveness to recover. In the first place, the current strange international situation is the result of developed countries investing in dictatorial countries such as China and Russia.
G7 countries monopolized the world's wealth
In 1973, the G7 once accounted for 65% of world GDP. That's the GDP of only seven countries. This was seen as a monopoly on the world's wealth, and problems in developing countries were discussed. At that time, the world was also in the era of the Cold War, but the Cold War itself was at least a better era than now. Economic and political exchanges between communist and capitalist countries were closed off and blocked by a barrier called the Iron Curtain. Russia and China are calling for a return to the Cold War era, but is that really the case? One could argue that the Cold War era was the era with the least number of wars in the world.
The collapse of the Soviet Union changes the balance.
After the collapse of the Soviet Union, the countries of Eastern Europe collapsed one after another. China also pursued a path of liberation and reform, aiming to become an open nation. After the fall of the Berlin Wall, the world went crazy and thought the era of tension was over, but that was not the case at all. The loss of balance in the world has led to localized conflicts. Issues that were not highlighted during the Cold War era have been exposed as tensions have eased. Various things have been said about this, and while that may be true, I believe that it is essentially a matter of money.
Global capital flows into authoritarian countries
What began with the collapse of the Cold War was global capital, or so-called globalism. Globalists are talked about as a conspiracy theory on social media, but there is no interest in knowing who is behind it. The problem is that the era when business and investment in authoritarian countries began can be thought of as the collapse of the Cold War. Did they simply think that the world would turn to democracy once communism fell? What is clear today is that the country has spent decades cultivating a state in which its domestic market is opened up to the capitalist state as much as possible, and wealth is distributed by a dictator.
Democracy is a condition for investment
The Cold War era was a great time. It was a time when the world was divided based on ideology, and it was a rational and peaceful time. The world should once again create an iron curtain of democratic and non-democratic countries. We no longer need to care how much wealth the G7 makes. Only countries that choose the democratic state form can receive democratic investment. As long as we continue to be a dictatorial nation, we should just live with the economy of dictatorial nations. You should rethink that. However, there will be some remorse for the times when we grew a nation that grew fat and threatened us with weapons.
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What are the purposes and practical benefits of the annexation of Japan and Korea? Japanese security perspective at the time
There are two main reasons why Japan annexed the Korean Peninsula. The reason that South Korea claims that it is for exploitation is completely untrue because the management of the Korean Peninsula was in the red. In other words, the amount of Japanese tax money that was spent on the Korean Peninsula was probably greater. Would you call this exploitation? Japan annexed the Korean Peninsula primarily for the purpose of defending Russia and building infrastructure from Manchuria to Busan.
It is clear that Russia's purpose is to use the Trans-Siberian Railway to colonize the Korean Peninsula and Manchuria, and in reality Russia is acquiring interests in northeastern Asia one after another. The reason why Japan carried out the Triple Intervention on the Liaodong Peninsula, which it acquired after the Sino-Japanese War, was because it did not want to hand over its Manchurian interests and because it did not want Japan to control the ports and shipping routes on the Liaodong Peninsula. The Baltic Fleet is not needed at all to colonize the continent or the Korean peninsula. The places you go by boat are places that can only be reached by boat. It's Japan, and there's another one. It's Taiwan. In other words, Russia was targeting the Japanese archipelago, the Korean Peninsula, and the Manchuria region, including Taiwan, which Japan had acquired in the Sino-Japanese War.
In 1891, Tsar Alexander III of Russia issued a royal order to build a railway that would penetrate all of Russia, and it became clear that it was not just a railway construction, but that the Trans-Siberian Railway could be constructed from both the start and end points. It was also clear that Vladivostok, which was just a stone's throw away from the Korean peninsula, would be connected to the Russian capital. The Baltic Fleet is coming there. Japan succeeded in destroying the Baltic Fleet off the coast of Tsushima, the narrowest sea area, but what would happen if it were to pass through? If Russia acquires the Korean Peninsula one after another and builds a military port in Busan, the Japanese archipelago will be just a stone's throw away. In this form, the Korean Peninsula would have surrounded the Japanese archipelago in a circular shape, and Japan would have had no chance against Russia, which had great national power.
With the defeat in the Russo-Japanese War, the Romanov dynasty lost power, and Lenin took advantage of this to launch the Russian Revolution during World War I. This was in 1917, 12 years after the Russo-Japanese War. Still, Japan will have to be wary of the possibility that Russia will rebuild its system and send a fleet. If the Korean Peninsula becomes Japan due to the annexation of Japan and South Korea, the Russian fleet passing through the Sea of Japan will be caught in a pincer attack all the way to Vladivostok, and the situation in the Sea of Japan will be completely advantageous to Japan. Masu. In other words, Japan surrounded the Sea of Japan.
As a result of the Russo-Japanese War, Japan acquired the railway between Harbin and Port Arthur, which later became the South Manchurian Railway, under the Treaty of Portsmouth. And Russia's interests in Manchuria were largely rejected.
After Korea became an independent nation after the Sino-Japanese War, Japan obtained the right to build a railway on the Korean Peninsula, and built a railway across the peninsula to Busan. After the Russo-Japanese War, the Harbin-Lushun railway obtained in Manchuria was expanded and connected to the railway on the Korean Peninsula. In other words, Japan built a huge infrastructure that connects the Manchurian region to Busan, which is just a stone's throw from Japan. This will ensure infrastructure by sea and land from Dalian and by rail. In other words, victory in the Russo-Japanese War meant that the Sea of Japan was surrounded in both name and reality, making it an exclusive maritime area, and connecting it with southern Manchuria by railway. will be sold to Manchukuo. In other words, Japan obtained the Korean Peninsula and Manchuria, which Russia had been trying to obtain.
This was a result of Japan's large expansion from the perspective of Japan's security against Russia, and in the past there was a critical situation in which Tsushima might become the line of defense, but now the line of defense is now more than 1000 km away. This means that it has also moved northward.
At that time, the Korean peninsula was in constant political instability and conflict, and the country's finances were in a state of collapse as it had failed to issue its own currency. Diplomatically, Japan has sold various interests to Russia due to financial issues, and the fact that the Korean Peninsula is in doubt from the perspective of Japan's security.
Japan's security was also in doubt. This was due to the size of Russia's national power at the time, and if the Russian fleet were to succeed in moving north through the Sea of Japan, Japan would be in a hopeless situation.
Conversely, by placing Manchuria and the Korean Peninsula under control, Japan's security became rock solid. For this reason, Russia was geopolitically inferior to Japan, and even when World War II broke out, the Soviet Union signed a Japan-Soviet Nonaggression Pact. If Japan were to invade the Far East while fighting the Nazis in Europe, Russia would be left alone. In this sense, one of the reasons why the management of the Korean Peninsula was in the red is that it required various investments such as building railways and developing infrastructure from Manchuria to Japan. The administration of the Korean Peninsula was financially in the red, but what if we considered it in conjunction with Manchuria?
Let's compare it with the longitudinal railway under Taiwan's rule. Even if you look at it this way, the railways on the Korean Peninsula cover more areas. This may be due to the difference in population of the Korean peninsula, which had a population of 13.13 million compared to 2.6 million at the beginning of Taiwan's rule, and the fact that the central part of Taiwan is mountainous. While the railway was completed, it seems that the Korean peninsula had a very different role as a railway that ran from Manchuria to Japan. To this day, Korean railways still use the Korean Government-General's Office railway line that was built at this time. Regarding Taiwan, it is also based on the Taiwan Governor-General Railway.
North Korea actually still uses this line, and since the South Manchurian Railway was converted to China, it naturally connects to China. When Kim Jong-un visits China, he travels by train, but he is actually using the benefits of the Korean Government-General's Office Railway.
In today's world, it is completely understandable to think that the annexation of Japan and Korea was a failure. Perhaps this is because South Korea is a country that has experienced many frustrating things for Japan, such as the occupation of Takeshima and the subsequent anti-Japanese movements. If you look at history, there is no doubt that this was caused by the annexation of Japan and Korea. On the other hand, the Manchurian region was rich in resources such as coal, oil, iron, and aluminum, and was used to produce agricultural fertilizers and machine tools. If Russia were to cut off the land route to transport this to Japan, Japan would end up there.
Speaking of what Japan failed at, it was actually in the post-war period. The restoration of diplomatic relations in 1965 was based on the conclus
Kinki University succeeds in completely cultivating eel for food - Is it possible to dramatically increase the calorie - based food self - sufficiency rate?
Kinki University has succeeded in completely cultivating edible eel. Previously, I was surprised to hear that eels had been successfully hatched artificially, but this time it will be completely farmed. The ecology of eels is not well known, and it was thought that eel fry hatched in the Philippines or near China, grew up, and circulated throughout the Japanese archipelago, but eels are now being farmed within Japan, including these areas.Originally, eel was a delicate species that reproduced through wide-area circulation, and was rare and expensive, but due to the cost of aquaculture, it may soon become a food that can be easily eaten. What is noteworthy is the eel protein. Eel has more protein per 100g than beef.
Originally, there were no large animals living in Japan, so people ingested protein from tofu, miso, and fish. Whaling was largely a cultural aspect and was a source of food for large animals and high protein content. If it were possible to farm eel in large quantities, it would be more efficient than other edible meats, and the result would be omega-3 fat, which is good for the body instead of animal fat.Japan's food self-sufficiency rate is announced to be 66% on a monetary basis, but the low level of 38% on a calorie basis is largely due to protein deficiency. If edible eel were easily available on the table, the calorie self-sufficiency rate would rise dramatically.
Recently, it was announced that rare earth mining will begin in 2024 in the deep sea of Minamitorishima, Japan's Ogasawara Islands. The amount of rare earths buried in this sea area is said to be the largest in the world, and is said to be enough to meet the entire world's demand for several hundred years. The underground oil reserves of the Ibaraki Prefecture Goura coast are estimated to be one of the largest in the world, based on the amount and area of gas generated on the seabed surface.
Japan has not made any progress in marine resource development. Despite the fact that there was a lack of resources as a reflection of the defeat in the war, Japan continued to engage in resource diplomacy by relying on foreign sources, and these became a conduit to oil-producing and other resource-rich countries. However, when the world becomes this unstable, it is impossible to say such things.
Japan has the 6th largest area in the world, including the EEZ.
Internationally important elections will be held in 2024 - Japanese politics will be greatly influenced by these.
2024 is X-year. The US presidential election will be followed by the Taiwanese presidential election, Russian presidential election, and South Korean general election. The Russian presidential election is likely to be a close call, but everything else will have a big impact on Japan.
In Taiwan's presidential election, the ruling Democratic Progressive Party has a slight lead, with the Kuomintang and People's Party trailing behind. The third party, the People's Party, has many points in common with the Democratic Progressive Party, but it is a strange party in that it receives political donations from China. There is no movement yet, but if the Kuomintang and the People's Party join together at the last minute, the Democratic Progressive Party will be completely defeated.
The Nationalist Party has made it clear that it will maintain the 92 common sense, which means that it will maintain the "one China principle." If pro-China forces win, the result will likely be the same as in Hong Kong.
South Korea's president is said to be a right-wing national force, but the majority of the National Assembly is left-wing and both Democrats. The majority of the National Assembly will be the pro-China, pro-North Korea, anti-American, anti-Japanese parties we witnessed during the Moon Jae-in era. If this party wins the general election, an anti-Japanese leftist president will be elected again in the next presidential election.
The big event in 2024 will be the US presidential election. If Biden, the Democratic Party of the United States, were to win here, the environment surrounding Japan would shift to the left, and Japan's cabinet would also become left-handed. China's One Belt, One Road initiative may end in failure, but the Free and Open Indo-Pacific concept advocated by former Prime Minister Abe will also become a mere shell.
On the other hand, if the Democratic Progressive Party wins in Taiwan, the power of the people wins in South Korea, and Trump becomes President of the United States, will Japanese politics become right-wing? At that time, the Indo-Pacific concept will progress and a prime minister will be needed to take over the initiative. Is today's Japan simply being swept away without being able to exert its influence even in Asia?
Yasuhiro Nakasone called the Japanese archipelago an unsinkable aircraft carrier - Japan's topography gave the US military an advantage.
Former Prime Minister Yasuhiro Nakasone referred to former President Ronald Reagan as an "unsinkable aircraft carrier." This is a metaphor for the strategic significance of Japan's topography and the presence of U.S. forces within the Cold War structure. Japan once fought a fierce war with the United States, but after the war it became a democratic nation. Conflict between the United States and the Soviet Union had already begun during World War II. It is said that the United States participated in the war in part to secure its voice within the framework of the postwar world. Both the Korean War and the Vietnam War occurred amid conflicts between the United States and the Soviet Union. The United States did not want Soviet power to reach the southern tip of the Korean peninsula. It is said that an agreement on the 38th parallel was reached as a secret agreement at the Yalta Conference. In this context, Japan became a base for the US military to defend East Asia.
Japan is actually a neighboring country to the United States in the sense that there are no countries separating them geographically. It takes about 3 hours to get to Guam by air. The Japanese archipelago has a unique topography, stretching from north to south, bordering Russia to the north, Kyushu to the Korean Peninsula, China, and the islands south of Okinawa to Taiwan. For the United States, the terrain that covered the Japanese continent was attractive for the defense of Asia, and this was completely consistent with Japan's understanding of national defense. Conversely, it may be said that if the US-Soviet Cold War had not occurred, Japan-US relations would not have been able to recover to this extent. After the collapse of the Soviet Union, China rose to prominence and Asia's defense lines moved significantly south. As expected, the Japanese archipelago occupies an important position in this band as well. Currently, they are working together within the framework of Quad. Japan also plays an important role in the Taiwan Strait issue, and in this way, the Japan-US relationship has developed amid changes in the environment surrounding Asia.
There was a Korean leftist presidential candidate who said that the Korean peninsula was divided by the occupation forces (GHQ), but in essence, South Korea is a country born within the Cold War structure. There was no way to stop the Cold War structure, neither in Japan nor, of course, in South Korea. I can't believe my ears when I hear statements that deny this very upbringing. In fact, if South Korea had not come under GHQ's trusteeship, it would have simply been unified with North Korea. A democratic country forms the basis of South Korea's national ideology, and even if we lament the separation from North Korea, which has a completely different social system, nothing will be achieved by blaming others. . What can we independently do for the world? That always seems to be missing.
The sealed Greater East Asia War, what is the original meaning of the word Hakko Ichiu?
There are some words that were banned by GHQ after the war. Typical examples include the words Greater East Asia War and Hakko Kazuu.
The Greater East Asia War became known as the Pacific War, or World War II, and many Japanese people have probably never heard of Kazuu Hakko. What exactly was the Greater East Asia War? It would be best to think of it as a war based on Japan's Greater East Asia Co-Prosperity Sphere concept.
Starting with India, Asian countries were colonized by the West one after another over hundreds of years. The countries that were invading these countries were mainly Western maritime nations: Great Britain, France, the Netherlands, Portugal, and Spain. In fact, not a single country in Asia was able to resist this and surrendered its country. In the end, almost all of the vast Asian region became a Western colony, and even China, which was once called a great power, went through the Opium War and the Arrow War, and its major cities were leased out one after another, resulting in a state of divide-and-rule.
It was clear that the opening of the Suez Canal would greatly shorten the sea route that had previously reached Asia via the southernmost tip of Africa, accelerating the division of Asia.
Russia was lagging behind in colonial policy in Europe. The Russian coast freezes over in winter, making it impossible to navigate. Even if sailing is possible during the season, they will have to pass through the narrow strait between present-day Denmark and Sweden, enter the North Sea, and then travel through the English Channel. Even going out into the Atlantic Ocean was influenced by other countries, and Russia was only able to acquire some areas such as Alaska regarding its colonial policy in the Americas.
Russia planned to colonize Asia by land. This is the Trans-Siberian Railway. They used this railway to send soldiers and weapons, colonize Northeast Asia, and transport the supplies they obtained to St. Petersburg. With the completion of this colonial infrastructure, it was clear that colonial policy in Northeast Asia would accelerate. The Trans-Siberian Railway was opened in 1904, and at the same time information was received that the Baltic Fleet, said to be the strongest fleet at the time, was heading for Vladivostok, the terminal station of the Trans-Siberian Railway.
What was the Baltic Fleet planning to do now that it was able to receive supplies from Vladivostok? China? Korea? Of course, it is natural to acquire those areas, but if it is a continent, it will be a land strategy, so do we need a fleet for land routes? In other words, it is clear that the purpose of these ships was to subdue Japan. The Baltic Fleet sank the ship in the Sea of Japan before entering Vladivostok during the Russo-Japanese War and the Battle of the Sea of Japan. In the end, Japan won, and Russia's plans suffered a major setback. The Russo-Japanese War was from 1904 to 1905, and the Trans-Siberian Railway was completed during this war.
Even among Japanese people, there are many who say that Japan waged a reckless war. Is it really reckless? In fact, Japan has defeated all European countries such as Britain, France, and the Netherlands, including in Southeast Asia. If anything was reckless, it could be said that it was the start of war with the United States. Next, there are those who say that Japan invaded Asia. Now let's think about where we invaded. Thailand was the only independent nation in Asia west of China. In other words, the Asian countries that Japan invaded no longer existed in Asia at the time, in the sense that they were self-governing. They were Western colonies, so Japan invaded Britain and the Netherlands. If I had to say it, if we think of the Sino-Japanese War as an invasion of China, then we can say of the Asian countries that they invaded China.
So why is it said that Japan invaded Asian countries? That's probably why the term Greater East Asia War was banned. At that time, the world was about to be divided into European maritime nations. All of the Americas are colonies. What about Australia? What about the African continent? Europe's maritime nations will acquire all of this. Is Asia different? There's no reason for that. Japan is the only Asian nation that has resisted this global colonial policy.
The Greater East Asia Conference was held in 1943. Participants included representatives from Burma, Manchukuo, the Republic of China, Japan, the Kingdom of Thailand, the Philippines, and India. I would like to introduce the Greater East Asia Joint Declaration that was adopted here.
The countries of Greater East Asia will work together to ensure stability in Greater East Asia and build an order of coexistence and mutual prosperity based on morality. The countries of Greater East Asia will respect each other's independence and independence, bear the fruits of mutual aid and harmony, and establish affinity in Greater East Asia. The countries of Greater East Asia will mutually respect their traditions, develop the creativity of each ethnic group, and enhance the culture of Greater East Asia. The countries of Greater East Asia will cooperate closely with each other on a basis of mutual benefit, plan their economic development, and increase the prosperity of Greater East Asia. The countries of Greater East Asia will deepen relations with all countries, eliminate racial discrimination, widely exchange cultures, and contribute to the advancement of the world by willingly opening up their resources.
This is a declaration issued by representatives from various regions of Asia. The ideas common to each statement are the coexistence and co-prosperity of Asian countries, mutual respect, and the elimination of racial discrimination. Was there ever an example of such an agreement between countries in that era? Britain and other countries gained wealth through the slave trade from Africa, which was reflected in the industrial form of producing goods in the Americas using cheap labor and exporting them to Europe. In Manchukuo, the Five Tribes of Harmony was actually sung, and the idea was that all ethnic groups living in Manchuria would build a nation on an equal footing. In other words, Manchukuo advocated the most advanced ideology in the world at the time, and the Greater East Asia Joint Declaration was pioneering in its content, calling for Asian countries to coexist and prosper together and eliminate discrimination. This underlying idea is the spirit of Kazuu Hakko. Hakko Ichiu is the idea of living in peace with the world as one home, centered on His Majesty the Emperor, without discrimination of race, ethnicity, religion, etc. It may seem unreasonable based on current values for countries other than Japan to have the Emperor at the center, but although there are 56 member countries in the British Commonwealth of Nations, the so-called Commonwealth is made up of 56 countries. is the current King of England, Charles III. The original meaning of Hakko Ichiu is found in the latter part, and it can be said that it is also expressed in the Greater East Asia Joint Declaration.
So, where in Asia did Japan invade? In order to cover up all of this, the words Greater East Asia War and Hakko Ichiu were banned. The purpose, of course, was to justify war and colonial policies for the West, and the story was changed to one in which Japan suddenly went crazy and invaded Asian countries.
Japan's struggle against Western colonial policy is a well-known hist