Tuesday, November 07, 2006

Reserves and Deficits in Japan, the U.S., and China

Reserves and Deficits in Japan, the U.S., and China


Foreign currency reserves of China have reportedly reached one trillion US dollars, while Japan's reserves are about 900 billion US dollars.

The amount of current-account deficits of the United States is about 850 billion dollars mainly due to trade deficits.

China has about 1.3 billion population, Japan 120 million, and the U.S. 300 million as you are well aware.
+ + +

What makes me worries is that many, many European and American bankers and businessmen in the financial sector are rushing at the Chinese money market to take money as much as possible out of China.

However, for decades, Japanese companies have been fostering Chinese industries, investing crucial money needed at every stage of China's development.

What makes me worries more is that the Chinese Government and its ruling party are yet to make sufficient efforts for leading its people to loving Japan more.  
+ + +

Most importantly, Japanese public turning on such economic news is worried partly because a typical foreign criminal in Japan is still Chinese as has been for these decades.
+ + +

Poor people in the world, including poor Americans, poor Europeans, and poor Chinese, should be more alarmed than Japanese are.


"MORTAL MAN, NOTE ALL THIS CAREFULLY"