Japan Utilities Facing Supply Crunch As Mercury Drops
TOKYO Nikkei–The cold wave sweeping across Japan is pushing electricity companies close to the edge, with power demand surging to the danger zone of above 90% of capacity at six utilities.At Kyushu Electric Power Co. 9508, power demand on Friday peaked at 14.77 million kilowatts between 6 p.m. and 7 p.m. The second-highest so far [...]
Without Nuclear Power, Supply Crunch Still Looms
TOKYO Nikkei–Kyushu Electric Power Co. 9508 managed to avoid blackouts Friday, but precarious power supply conditions will continue among Japanese utilities as long as their nuclear reactors remain idle. Just three reactors in Japan are operating today, but they will join their idle counterparts by the end of April, moving the nation completely off nuclear [...]
2012/02/02 13:07 – Japanese Oil Firms Shift Focus To Chemical Business
Japanese oil companies are increasingly shifting their focus away from their core refining businesses toward the more promising chemical sector. As the domestic market for oil products such as gasoline continues to shrink, these companies are hoping to cash in on rapidly growing demand for petrochemical products throughout the rest of Asia. But it remains [...]
2012/02/01 04:23 – Govt To Aid Disaster-Hit Firms In Export Projects
Japan is a land proud of its traditions. Some things never change. (For “aims to prevent a hollowing out of the Japanese industrial base”, read “fears a major reduction in its tax base”.) TOKYO (Nikkei)–The government plans to support companies affected by the March 2011 earthquake and tsunami by granting them priority in handling portions [...]
Fissures in the Land of Wa?
Fissures within Japan’s business community have been getting wider in the wake of the Great East Japan Earthquake. And the situation is threatening to undermine the Japan Business Federation (Keidanren) – long the nation’s most influential business lobby. Some member companies are none too happy about Keidanren’s support for the government’s plan to raise the [...]
Kyle Bass gives Japan just 18 months to live
Kyle Bass (click here for my blog posts where I mention Kyle) gives Japan just 18 months to live, in this interview in the Nikkei: 日本国債バブル「18カ月以内に崩壊する」米サブプライム危機を予見した男、「日本売り」公言 via 日本国債バブル「18カ月以内に崩壊する」 ：日本経済新聞. His final words of advice: don’t trust the State; think for yourself: 「世の中で正しいと思われていることを、そのまま受け入れないということです。自分の力で考えて、常に論理的であろうとすること。我々はこれまで、中央銀行の バンカーたちが提示する世界観を受け入れるよう求められてきました。まるで彼らだけが真実の箱の中身が何かを知っているかのように。その彼らは今、無制限 にお金を刷り、経済の安定を何とか保とうと躍起になっています。しかし、この経済政策に限界が来ているのは明らかです。もはや、国家を信用することはでき ません。自らの力で考え、生き残っていかなければならない時代が来ているのです」
Financial repression
What is financial repression? Is this something that you need to know about and understand? It seems to be a way for the government to ensure there are enough purchasers of government bonds. But it also has a deadening effect on the economy as a whole. Why? First, let’s look at what financial repression is: [...]
Central planning: Japan to subsidize targeted businesses with more subsidies | Seetell.jp
Searching for figures on just how much Japan’s public debt is dependent on bonds (answer: an unprecedented 49%), I came across this blog on Japan’s economy an dpolitics: Seetell.jp It has one English section and 3 Japanese commentary blogs.Central planning: Japan to subsidize targeted businesses with more subsidies | Seetell.jp One of the main areas [...]
Welcome to 2012! And $7.6T Debt Mountain!!
Update: scroll down to see a nice graph Welcome to 2012, and a planet-load of debt! From Bloomberg, via Mish: Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.Led by Japan’s $3 trillion and the U.S.’s $2.8 trillion, the amount [...]
A peak into Japan’s future?
A peak into the future for Japan? Some people think that “deficits don’t matter” as Dick Cheney said in 2000, and the Washington Post reminded readers in 2004. If you believe that, there is no need to read what follows. The tax hikes are quite massive : apart the tax on house ownership which was [...]
