2012/12/31
On page 5 of the Nikkei Shimbun on 12/29/2012, there was a particular article on the Bank of Japan with an interview with Governor Shirakawa at its core.

Omitted (most of the preamble omitted) The surplus in the text is mine.

The BOJ has been criticized for lifting quantitative easing in 2006, which led to "premature tightening" and chronic deflation.

It is also pointed out that the BOJ did not participate in the coordinated interest rate cuts by the world's central banks immediately after the Lehman crisis in the fall of 2008, which led to the subsequent sharp appreciation of the yen.

The BOJ is mainly responsible for the decade-long deflation. Still, the only solution is for the government and the BOJ to work closely together and mobilize all of their policies.

(Takeshi Kawanami, Economics Department)

Those who subscribe to and read newspapers and watch news programs on TV will no doubt agree with me when he points out that the editorials of the Japanese mass media led the BOJ to adopt this attitude.

As I wrote yesterday, there is a problem with Korean residents in Japan.
If they were discriminated against as children and as adults, they have physically rebelled against society, forming antisocial groups and continuing to do "evil" as a small percentage of Japanese society.
The same process is followed by those involved in the "Dowa" group, who join together in the same way.

In reality, however, Japanese society is far more equal opportunity than the rest of the world, and these people are at the heart of all sectors and layers of society.
It is a fact of ancient and modern history that those who have lived through poverty and misfortune have often succeeded.

I am proud to say that I am the only person in Japan who pointed out that "pretend" moralism kept the BOJ wrong by the editorialists of the Japanese mass media.
The day when the Japanese mass media will pick up the story is getting further away, though, because I keep saying that.

But the truth will surely reach the ends of the world.
Until that day, I will continue to practice good deeds as the Kukai of the 21st century.

Now, I am also assuming that the people who instigated the above "flattery" in the direction of moralism must have been those I mentioned at the beginning of this article, who are at the center of various circles and hierarchies.
They were led by the man who was a tycoon in the business world, mobilized many politicians in the heat of the moment, and secured government subsidies for his company's new development projects, as he wished, as well as academics and others.
As a result, I am convinced that some people were instrumental in weakening Japan and seriously weakening its industrial competitiveness.

Nevertheless, the reporter who wrote this article was right, but it was too late for the mass media.
You have had little to fire you, but your "sycophantic" moralism has brought about significant economic stagnation in Japan, the first prolonged deflation in the history of the industrialized world, which has increased the "bad" economy.
Countless Japanese citizens have encountered and suffered dramatically from the "evils" that your "cajoling" moralism has brought about.

The storm of layoffs and restructuring is another "evil.
The Japanese people have suffered a great deal because, on the other hand, some of the robber barons have accumulated "evil" assets that could never be used in their lifetimes.
There can be no robber barons in Japan's major corporations, which have continued to employ hundreds of thousands of people.
I call it "goodness.
The world finally realizes this is what "goodness" is all about.