Letter from resistance

30
Category: Prime Minister Abe   Tags: ---

Prime Minister Abe takes ‘the stock market crash’ easy and casts the blame on Bank of Japan.

20130530japanstock.jpg
Japan's stock index of the Tokyo Stock Exchange called the Nikkei Average
05301$100.jpg
Exchange rate in Japanese yen to the dollar
kurodasosai0530.jpgHaruhiko Kuroda
31st Governor of the Bank of Japan

Japanese news said that by a viewpoint that American easy-money policy might be reduced, Dow-Jones average fell in the New York stock market of 29th May,and so, the market prices have fallen across the board.
The closing price of Nikkei Stock Average on May 30 fell 737.43 yen($7.32) today.
The Tokyo Foreign Exchange Market of May 30 showed a stronger movement to buy Japanese yen for triggered by a stock plunge remarkably, and the yen rose in price more than 1 yen.1 dollar is 100.71 yen now.
Bank of Japan declares the further large-scale government bonds purchase and intends to work on currency manipulation.
Bank of Japan showed a policy to change a schedule of the long-term national bond purchase from eight times to ten times for a month of the present on the basis of slightly more than 7 trillion yen($69.37 billion), after June.
MaturitiesTime for a month after June BOJ's monthly purchasesconvert into $
maturities
from one to five years
about 6 times
(5 times at a previous time)
3 to 4.2 trillion yen29,775 to $41,685 million
debt maturing
in five to 10 years
about 6 times
(5 times at a previous time)
total 2.7 to 3.6 trillion yen26,786.7 to $ 35,715.6million
maturities
more than 10 years
about 5 times
(4 times at a previous time)
total 1 to 1.5 trillion yen9,921 to $14,881.5million
 
BondTime for a yearPurchaseconvert into $
Floating rate noteeach 1 time
for even numbers' months
140 billion yen1,387.4million
Inflation-indexed bondeach 1 time
for odd numbers's months
20 billion yen198.2million

Bank of Japan offers purchase of government bonds at the 2 or 3 categories of the remaining periods at the same time.
If ‘the remaining periods of the target brands that Bank of Japan purchases' overlaps, on a bid day of government bonds, Bank of Japan does not offer it as a general rule.
In spite of Bank of Japan's the large-scale purchase of government bonds,‘a power of the stock market that continued rising suddenly' begins to stall, and the long-term interest rate rises again .And Prime Minister Abe receives pressure.
But Prime Minister Abe looks stubborn.However, if Japanese economy revives, bond yields must rise at the same time, and it is usual that the stock market greatly fluctuates.Therefore Prime Minister Abe has an abiding belief that Abenomix succeeds by all means, and Prime Minister Abe is thinking that the spike of these stock prices for this one week happened by the profit-taking.
The rate of yield of the Japanese 10-year government bond became higher, but is the same standard as one year ago.The rate of yield of the government bond greatly exceeds the bedrock price that was almost 0.4%.If Prime Minister Abe can end deflation, and if economy grows up, naturally the rate of yield of the government bond rises.If inflation rate rises 2% for a year in the stable economy, naturally a long-term interest rate does not remain in the low level of 0.5%.Prime Minister Abe thinks the small rise in bond yields will be a good omen of the success.Because Japanese economy's conditions of former the Democratic Party government were too bad, Prime Minister Abe thinks that himself is an honor student.
Because first economic growth rate of the quarter of the 2013 reaches 3.5% by annual ratio conversion, Prime Minister Abe is optimistic about the sudden fall of the stock prices.
But,I think that Prime Minister Abe will twitch with tension if the rises in interest rate exceed expected inflation rate.
20130530abeshusho.jpg
Prime Minister Abe
The Bank of Japan have approximately 43% of Japanese government bonds, which are the 821 trillion yen (8 trillion dollars) on an epic scale.The present government bonds price is much lower than the price at end of March, and the rate of yield of five years of government bonds rises into triple. Many banks and particularly the local banks have a loss as they cannot offset it with the profit from stocks.
Japan is a developed country with the large amount of debt the most in the world , and the ratio for the gross domestic product (GDP) of the debt reaches 245% this year.If there is not progress in finance reform of the government, the mass government bonds purchase by Bank of Japan might be regarded as "monetization (stopgap of the budget deficit by the central bank).The market suspects danger that it will cause the sudden rise of the rate of yield.
The long-term prime rate that is an index of the lending rate to a company and the family budget may rise next month, according to the movement of the market of the Financial Instruments of Derivative transactions.
Abenomix may be disturbed by rising interest rates before economic recovery in Japan begins in earnest.
Abenomix does not reflect the effect to improve for the nation's living standards because almost companies are doing internal reserves without doing the raise in wage of the worker.If Prime Minister Abe can't achieve a triumph such as "the ascent of real wages", "reduction of accumulated depreciation", "reinforcement of the taxation on internal reserves" and "large increase of dividend", Abenomix is only illusion to give some capitalists the profit of the stock.
If the sudden fall of the stock prices continues, Prime Minister Abe can't advance for the most important subjects that Prime Minister Abe should do.
Prime Minister Abe is worry whether the Bank of Japan attach importance to comprehensive operational risk management, fully recognizing that the lack of such an approach could seriously hinder attainment of strategic objectives of Abenomix.
But Prime Minister Abe should recognize that distrust of Prime Minister Abe greatly influences the market than blaming deficiency of the management of the bond market of Bank of Japan.
Prime Minister Abe recognizes Japanese historical fact of the capturing women by the former Japanese armed forces in order to apologize to victims of women of World War II, and Japan should pay compensation for their damages as a nation.
5023PrimeMinister AbeKim Jong Il which was a former North Korean leader recognized the abduction of Japanese people formally and apologized to Japan .
The Japanese people whom North Korea abducted are about 500 people.
The women whom the former Japan forces abducted were 200,000 people.
There is no comparison between the two problems.Prime Minister Abe should apologize after the acknowledgment of the abduction of the victims of women by the former Japan forces of World War II .
Is Prime Minister Abe a leader having lower level than Kim Jong Il?
KimJongil20130530.jpg
Why can Prime Minister Abe say that Kim Jong Un should return all Japanese abductees although Prime Minister Abe can't recognize Japanese historical fact of the capturing women by the former Japanese armed forces in order to apologize to victims of women of World War II?
Prime Minister Abe should stop drawing Japanese economy into the hell.
I will warn by saying ,"Prime Minister Abe will sink weakly to the floor after hearing the news of a sharp decline in stock prices if Prime Minister Abe revises a constitution in order to let the militarism come true and if Prime Minister Abe refuses to apologize to the victims of women."
Just Prime Minister Abe must apology as the head of state for women who were forced to become sex slaves by the former Japan forces.
And Japan should pay compensation for their damages as a nation.
Japan is a beautiful country.
Japan should be sincere to other countries.
Japan ought to set an example of peace to others in the Far East.

By Aozora Japanese Resistance


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lyrics

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歌:Exile
作詞:ATUSHI
作曲:Didrik Thott/Sean Thott/Johan Beck haron Vaughn

So,Rising Sun 陽はまたのぼってゆく
So,Rising Sun 夜明けはそばに来てる
その光がここから どこまでも広がってく・・・・
So,Rising Sun

どんな暗い 闇の中でも
明けない夜はないと 信じて
未来のため 何かを感じてる

先が見えない 旅だとしても
この鼓動が止まる日まで
決してあきらめないと 誓おう そう今

So,Rising Sun 陽はまたのぼってゆく
So,Rising Sun 夜明けはそばに来てる
その光がここから どこまでも広がってく・・・・
So,Rising Sun

どんな長い道だとしても
いつかたどりつけるはず
確実に歩いてく この足で

同じことのくり返しでも
その意味や深さは違う
決して無駄じゃないと思える さぁ行こう

このOne Way Road 後戻りはしないよ
このOne Way Road 一枚の片道切符
その想いが少しずつ どこまでも広がってく
このOne,One Way Road

一人で崩れそうな夜は
目を閉じて 感じてみる

So,Rising Sun 陽はまたのぼってゆく
So,Rising Sun 夜明けはそばに来てる
その光がここから どこまでも広がってく・・・・
So,Rising Sun













Song:Exile
Lyricist: ATSUSHI
Composer: Didrik Thott/Sean Thott/Johan Beck haron Vaughn

So,Rising Sun The sun is coming up again
So,Rising Sun Day will break soon.
The light becomes overspread forever from here・・・・
So,Rising Sun

In any dark darkness,
I believe that it is highly improbable that the day never breaks .
I feel something for the future.

Even if it is a trip without seeing the future.
Until the day when my heart's beating stops.
Let's promise that we never give it up. Yes. It's now.

So,Rising Sun The sun is coming up again.
So,Rising Sun Day will break soon.
The light becomes overspread forever from here・・・・
So,Rising Sun

Even if it is any long way
I should be able to arrive sometime.
I walk surely. With these feet.

Even if it is the repetition of the same thing,
The meaning and depth are different.
I think that it isn't in vain at all. OK, let's go.

This One Way Road. I can't go back.
This One Way Road. One piece of one-way ticket .
The thought spreads forever little by little.
This One, One Way Road.

At the night when I'm about to break down alone.
I try to feel with closing my eyes.

So,Rising Sun The sun is coming up again.
So,Rising Sun Day will break soon.
The light becomes overspread forever from here・・・・
So,Rising Sun
















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