Chapter 184
The darkness of the world has deepened due to the pandemics, the war, and the assassination. I don't think there is a lie in the smile of former Prime Minister Abe, but it is also true that there were many shortages of explanations about doubts on him, and the price was too heavy. Some people frame pictures taken with politicians and decorate them, but even if they don't mean it, they must be prepared to use them. Those who use them and suck the sweat must be prepared. It is necessary to clarify the truth in order to restore the honor of Mr. Shinzo Abe. Don't bury the darkness in the darkness for a new era. I pray for his soul.
Now, in a sense, the era of fairy tale has come to an end, and we have entered an era of facing harsh realities. The social order premised on peace has collapsed, and the need to build a social order premised on war has arisen. When I heard that the reconstruction cost of Ukraine was $ 740 billion, the balance of Japanese government bonds of $ 7.4 trillion seemed cheap. If Ukraine's only half-year war price is $ 740 billion (Ukraine GDP $ 19.83 billion, IMF2021), Japan's (GDP $ 4937.4 billion, IMF2021) debt of $ 7.4 trillion is cheap. Therefore, it does not mean that it is okay to issue government bonds, but it turns out that maintaining peace is far more rational.
By the way, free trade becomes inconvenient due to the war, and there is a risk that all things, not only crude oil but also food, will soar in the future. In the first place, the surplus money caused inflation. Everything is traded as a financial product at a price above its value. The current shortage of semiconductors was triggered by a bargain over cutting-edge technologies in the United States and China, but in reality, only some of the communication equipment such as 5G were restricted. Aside from cars, from bicycles to tires where we do not know where semiconductors are used, we are causing manufacturing delays due to lack of semiconductors. What's more, what's lacking is not high-performance semiconductors, but ordinary, low-priced semiconductors. This is simply a shift to high value-added products because Chinese manufacturers are not profitable from making cheap semiconductors. Nonetheless, semiconductor manufacturers around the world have made large investments in state-of-the-art factories and equipment, making a fuss about semiconductor shortages. Are these judgments correct? Isn't the purchasing department simply worried about the shortage to buy and save? It is necessary to analyze the causes of the current semiconductor and other parts supply shortages, including the media, and explain them carefully. As is often the case that if prices plummeted, there would be a lot of inventory that shouldn't have been there.
Furthermore, how will Japan deal with the food shortages that may actually occur in the future? The food culture of Japan is Japanese food, Chinese food, Italian food, French food, South Korean food, Mexican food, Taiwanese food, Indian food, etc. are substantial. In the future, if overseas foodstuffs are not available, not only will the food service industry be hit, but it will be difficult to secure food for households in the first place. In the near future, the era of growing potatoes in the garden may come, as it was during the Pacific war. Not only semiconductors, but also food, the era of pursuing diversity and cheapness has come to an end, and the era of self-sufficiency is about to change.
Today's my lunch, a bowl of rice topped with beef(Japanese food) and Jiaozi(Chinese food)
July 20th, 2022
The end of Pax Abenomics
