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Everything posted by i_godzuki

  1. Toyota has a stake in Isuzu too--they're after diesel technology. On the Nissan - Renault thing, they call it the Alliance, but Nissan owns 40% or a bit less of Nissan's shares. Nissan makes more money, though. The CEO is Carlos Ghosn, who has done wonders but his magic has been wearing thin a bit later. Still, it's hard to argue that Japan's car companies aren't very successful overall. They're all profitable, for one thing.
  2. Of course, Nissan is now controlled by Renault and Toyota has 50% stake in Daihatsu and chunk of Subaru. Mazda, meanwhile, is controlled by Ford.
  3. Wasn't that chap this week who was jailed for having bombs (and child porn) in his room a BNP member? Just saying, like. Private Eye also often reports comic goings on after the BNP got slots on local councils. They really are twats. Just because Labour is bad and the Tory's useless, it doesn't make the BNP a good option. Why would it?
  4. Takes a long time to get residency in Japan unless you're married to a local and even then it's five years. Teaching is okay if you're young (especially if you're on the excellent JET scheme) but the pay doesn't go up as you get older. Great place to live, though.
  5. The Express story quotes the chief housing economist at the Wriglesworth Consultancy, John Wriglesworth. Interesting that the Wriglesworth Consultancy is a PR firm. Even more interesting is its client list... It's stunning just how bad that paper is.
  6. Hang on a second. if i have this right, it's saying that in ten years 3.58 million left and 3.9 milllion came in. That equals net immigration of just 320,000 or 42k a year plus returning Brits (presumably not included in the 3.9 million). Does that mean Britain might not be full after all?
  7. This explains why they all work in bars, I suppose. I didn't realise they had to sell in person.
  8. I don't mean to sounds like a PC fundamentalist or something, or someone calling for open door immigration, it's the double standards towards immigrants irk a bit. White ones that speak English are automatically deemed positive even all they do is work in bars, save money and send it home but dark ones (seemingly all of them) must be from hell holes, and possible terrorists with nothing to offer. Anyhow, it's a housing forum so I'll scurry off and read the Guardian or something.
  9. You mean like all those Brits learning Spanish in Spain or Cantonese in Hong Kong? Besides, what exactly are the positves have Australians brought to British society?
  10. So what you're saying is that white immigrants are okay, but not dark ones even if they're in greater need?
  11. Another weird piece on Japan. Unless I'm missing something, there aren't any notable shortages. And what nonsense this is: People live in small rooms because, err, it's one of the most densely populated countries in the world. Also, I can't remember seeing one story of people starving to death here, eating out is a fraction of the cost of the UK and it's funny how these malnourished Japanese live longer than just about anyone in the world. Also, there's good easons why Japan interest rates are so low--notably slow growth, deflation and a national debt that's 180% of GDP according to the OECD. It's also nonsense to suggest Japan is experiencing hyperinflation when prices of just about everything didn't go up for 15 years and often fell. Of course, it's undeniable Japan's late twenty and early thirtysomethings have had tough decade--but what would you expect after a huge bubble burst in 1990 sending the Nikkei from 38,000 to 7,000 and land prices down by 60% or more?
  12. Yes, local rice farmers in the coutryside do still get subsidies, although this is more about votes for the LDP than food sufficiency so I'm not sure they (the gov't) regret it. Maybe if global food prices keep rising those farms could even become profitable... heck, the same might happen in the EU as well.
  13. Offensive and pretty wrong too. Sure, Japan eats a lot of tuna, but it's one of the most efficient energy users on the planet--largely because it lacks its own resources.
  14. That's a weird article. There are concerns over wheat prices, and the government is trying to persuade more rice farmers to grow wheat instead, but to suggest there are food shortages is nonsense as is the "we're not a rich country" quote from the expert. Perhaps the bigger problem in Japan is that after years of falling prices for everything, inflation (currently at about 1% overall) is a new phenomenon for many people and, naturally, they don't like it. On the bright side, the stronger yen should offset some of the import price rises.
  15. Tata has said it plans to keep the workforce in the UK. Possible savings could come from using more of its own components from India, though. Ford lost about $10 bn owning Jag and Land Rover so they're probably glad to get shut, even if it is for half what they paid.
  16. Incidentally, on Friday the Japanese authorities released the figures for land prices in Japan. In the year to Jan 1st, they rose again for the second year in a row after 17 years of falling. Source: Nikkei. This year, though, ain't looking so rosy.
  17. It's not stupid, although it may be excessive. The U.S. is still a huge market for Japanese exporters which are a big constituent of the Nikkei. When the yen strengthens sharply, the profitability of those exporters automatically reduces because every dollar of profit buys fewer yen and the and the market corrects accordingly. I think I read somewhere that a ten yen rise in the value of the yen wipes out 8% of corporate profits. The yen is now below 103, which the highest its been in over three years. A year ago it was about 120. Indeed, while the Nikkei is down 20% from August, in GBP terms it's nowhere near as bad. Edit: So I agree it makes it fairly easy to predict, but less so if you're buying in a currency that isn't the yen.
  18. The monoline news came overnight inasmuch as S&P confirmed triple A ratings for MBIA and AMBAC. Regarding the decoupling, obviously I'm aware that the Nikkei and the Dow trade in different times zones. My point was that in the last couple of weeks the Nikkei has recovered slightly (over 14,000 as I write from under 13,000 at one point) and hasn't followed the Dow each morning quite as obviously as before. For example, the Nikkei's 400+ point rise yesterday was explained by more than the U.S. news. One factor was that the sub-prime losses at Aioi, an insurer, were less than expected, sending its stock price up 14%.
  19. In recent weeks, the Nikkei has tended to do its own thing slightly more than usual. Today's 400+ rise is being put down to the insurer bailout but also the growing talk that Middle Eastern money will soon be ploughed into Japan. There's also talk of late (since the Nikkei bottomed out at 13,000) that a hedge funds may have finally closed their sell positions. As much as it would be nice to have a prolonged rise, it seems that it'll just drift this way and that until the government sorts itself out. There's talk of political upheaval in August which could lead to the two main parties splitting into new pro and anti reform parties. If the former were to win, doubtless the foreign money would fly back in. Winning, though, might be prove quite tough unless there's a Koizumi-stylee leader to wow the masses.
  20. 90 bn yen is "only" about $800 mllion, though. i've not heard one person in Tokyo say they think there are subprime problems on the same scale as overseas. All the people that think there's a problem here seem to be overseas--usuallly with no hard evidence at all--like the BNP Paribas dude. This suggests to me it's more about the lack of trust in the Japanese banks/authorities rather than the fact that there's necessarily a big problem. Of course, that's still pretty bad if it means people keep selling off Japanese stock holdings.
  21. It has. However, another article has appeared on the theme which actually talks to some bank analysts in Japan: Japan's Banks: Immune to Subprime Pain?
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