2007年3月14日水曜日

40 trillion yen, rational investment?

I sometimes thought about Japan's policy after that I discuss about it with blogers on 360. And I considered about what I said again. I found another view thank to discussion with blogers. Every year, Japanese government buy American government bonds equivalent to 40 trillion yen. It is said the accumulated amount including nongovernmental is 400 trillion yen which equivalent to 40% of all American government bonds. If the interest rate is 5%. America pays 20 trillion yen to Japan every year. 1$ is 100 yen sensuously.



Now America can't run the country without Japan-money. Cutting tax in America means Japan buys the bonds. If war happens and if America didn't help Japan, Japan absolutely sell the bonds. American economy would be ruined by Japan. Thus America have to help Japan. There maybe a way to close the market, but it would also cause deep slump in America. Japan takes American economy in pawn for war. To have the bonds would be a racial way to protect us.



However, China also buys American bonds equivalent to 40 trillion yen every year. It means America can't attack China. In fact, Bush casted aside Taiwan for the bonds. It seems America doesn't sell any air fighters to Taiwan to curry favor with China.



Now Japan is violated the sovereignty by China and two Koreas. China claims to territory with illogical argument. According to them, Okinawa's offshore is China's territory. They never admit its midst between China and Okinawa is the border. Several years ago, Korea has occupied Takeshima-island which Japan claim to territory. America doesn't help Japan. About abduction issue, America has become a friend of North Korea. Abduction is absolutely terror. Why Bush scants Japan to such extent?



American policy for millionaire causes anti-American feeling in Japan too. The more America continue the policy, the more the anti-feeling become bigger. Etymologically speaking, people means people in a vulnerable position. I believe American ideal is "Of the people, By the people, For the people".



Then, 40 trillion yen is racial to protect us? The money support American policy which work against Japan. Its 10%, 4 trillion yen equivalent of cost to build 40 Aegis ships, or of 80 submarines. I think we should enhance the credibility of the Japan-U.S. Security Arrangements, but I think we should end to too much depend upon American military force. That Japan can't act along with Japan's situation is really strange and dangerous. Iraq issue is the problem. If Japan want not to have war, Japan should independent of American army force. I think now it maybe a time to Copernican evolution.



Big problem is Asian anti-Japan feeling. The more Japan become strong, the more Korea and China become strong. However, if Japan lessens the dependence of America, it may not trigger an arms race. Now Japan's military power is stronger than U.K. France, German etc. I suppose it is enough to protect us. There may be a way Japan invest if America cut-down the military budget of America too. It would affect China's military policy too.



Those are my lay opinion. And I intend to think of the issue more.



I took the photo. It is a photo of Tokyo station.

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