Saturday, May 28, 2005

$702bn Scale of Defense and Proof

This is strictly for responsible US bureaucrats regardless of their religions and origins.

Ranking of overseas purchasers of US Treasury bonds as of February 2005: No.1 - Japan (US$702 billion), No.2 - China (US$196.5 billion), No.3 - the UK (US$171 billion).

In 2002 and 2003, Japanese government exercised dollar-buying operation in the scale of $300 billion. With these dollars, the government purchased $300 billion worth of US Treasury bonds. Consequently, US economy and stock markets were well bolstered. In addition, China got ripple effect. In return, it is said that major exporting companies in Japan secured earning stability as well as some growth.

This is data, information, knowledge, and understanding common to Japanese elites and ordinary people concerned in business and politics.

However, there is some doubt that some high-ranking bureaucrats in US government might not like to accept its meaning and implications. The root of their bias seems to be very deep, maybe tracking back to WWII.

Indeed, it is as if there were still some politically influential people in the US who hated Nazis so much that they found an enemy in Japan even today. The Nazis were gone but the Empire of Japan has survived in the form of contemporary Japan. They might think this way. Especially in terms of Jews rather than Koreans, Chinese, and other Asians. To judge this sort of thinking, it needs to study the existence value of the Empire of Japan. But, here, I’d like to focus on one issue religiously critical: Jews.

On the contrary to a conventional view, it is said that the government of the Empire of Japan, which existed till August 1945, had adopted a policy not to drive out Jews and recommended its diplomats to help Jews, despite its special treaty with Nazi Germany. The Empire of Japan in WWII had never conspired with, supported for, and taken an initiative over Nazis specifically for denying the existence of Jews.

Now, the ranking again: The amounts of US Treasury bonds purchased, as of February 2005, were $702 billion by Japan, $196.5 billion by China, $171 billion by the UK, etc.

Bonds were bought, but not by those such as Usama bin Laden, Saddam Hussein, North Korea, or Iran. Basically America is safe. But, it is very dangerous that they try to make an enemy out of Japan for any personal reasons or by relying on an assumption that they can retain China and the UK as allies, like the ones during WWII.

And, this is for responsible US bureaucrats. Why? Because the US is at war now. And if they are outflanked by another enemy, say Japan or Cuba, too, it will be a big problem. So, highly-security-oriented US bureaucrats might fantasize about it. But, of course, you have to take it granted that Japan will not allow anybody that might try to make an enemy out of the US to take a position of leadership in its government.

Rather, Japan is afraid that over and over again, if the War on Terror is finished, some influential people with anti-Japanism might damage the national interest of Japan by mobilizing US bureaucrats. And no matter how absurd it sounds to think that such anti-Japanism might be generated from memory of past tragedy of Jews and some Europeans, it is worth considering.

The Cold War had been over, Japanese economy grew stagnant, China has been trying to be friendly to America, and the War on Terror will be won. But then what will come next?

I hope America will wipe out its anti-Japanism as well as anti-Cuban sentiments as soon as practically possible, at least in the sphere of US bureaucrats.

“IT IS DIFFICULT FOR GOOD PEOPLE TO BE SAVED; BUT THEN WHAT BECOMES OF GODLESS SINNERS?”