More Money Or More Rest?
There are two things even the Japanese Mafia of any sort respect: traffic signals and yen.
It is however a long story how Japan has addressed the challenge of the exchange rate against the U.S. dollar.
Even China is yet to be tested.
Other developing countries, namely non-European dominant nations, must also first tackle this issue, since even a foolish British prime minister knows their advantage in the exchange market over, say, African countries or India.
(http://electronic-journal.seesaa.net/article/16157147.html)
SECTION I: 25-Year Disparity in Exchange Rate
If 1 yuan = 15 yen and 8 yuan = $1, then 120 yen = $1.
If 1 yuan = 14 yen and 7 yuan = $1, then 98 yen = $1.
If 1 yuan = 13 yen and 6 yuan = $1, then 78 yen = $1.
However, China has wisely set 1 yuan at 14 yen and 7 yuan at $1.
But, will someday the rates be fixed as $1 = 1 yuan = 100 yen?
Now, the following figure shows a rate of yen against 1 US dollar and 1 China Yuan, respectively, though recently 94 yen per dollar and 14 yen per yuan.
(Source: http://www.zyoutou.com/report/currency/data/report2%20(3).html)A Big Mac hamburger is sold at $2.3 in America.
A Big Mac hamburger is sold at 13 Yuan in China.
A Big Mac hamburger is sold at 250 yen in Japan.
A Chinese Big Mac can be sold at 190 yen in Japan as 1 Yuan = 14 Yen.
A Chinese Big Mac can be sold at $1.9 in America as 7 Yuan = $1.
The price reduction ratio in Japan is 76% (250 x 0.76 = 190).
The price reduction ratio in America is 83%.
However, China accounts for only 11% of America international trade.
China accounts for 17% of Japanese international trade.
In total, Japan receives 1.7 times more deflation pressure from China than America does.
If a wage of a worker decreases from $10,000 to $8,000 in America due to this China-deflation effect, it will decrease from $10,000 to $6,600 in Japan.
If sales of a company decrease from $10 million to $8 million in America due to this China-deflation effect, it will decrease from $10 million to $6.6 million in Japan.
If the Government tax revenue decreases from $1 trillion to $0.8 trillion in America due to this China-deflation effect, it will decrease from $1 trillion to $0.66 trillion in Japan.
In this way, the Japanese Government can collect only 66 trillion yen at best while it can collect 80 trillion yen, if the condition is the same as in America.
For 25 years, the deficit caused only in this context can accumulate to 350 trillion yen.
(But, an average annual salary of city workers in China is 30,000 Yuan [30,000 x 14 = 420,000 yen].
So, a Japanese company has to pay only 420,000 Yen to hire one worker for one year in a Chinese city, though 420,000 Yen is a 2 to 3-month work wage for one part-time worker in a Japanese city.
Japanese businesses must like this status despite the financial quagmire of the Japanese Government.
[ http://news.searchina.ne.jp/disp.cgi?y=2009&d=0410&f=national_0410_042.shtml])
SECTION II: Golden Week Holidays of Japan
From April 29 to May 5, included, can be a continuous holiday period for many (tens of million) Japanese workers as this period includes five public holidays and one Saturday.
Most of offices of businesses in Japan will suspend operation.
My recommendation to people for their holiday trip is that they travel to the Okinawa and Toku-No-Shinma Islands, since the area is important for Japan's defence.
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Once a Japanese comedian traveled to Africa, moving around on the continent, sitting on the seat of a coach, smoking and looking outside the window of a train running through an African grassy plain.
After coming back to Japan, he looked somehow like an African boy grown up in Japan.
So, Jesus said that your soul belongs where your treasure is.
However, it is no so common to see a Japanese whose treasure is a memory of Africa in his or her mind.
(http://www1.ocn.ne.jp/~naka222/index57.html
Source: http://www1.ocn.ne.jp/~naka222/)
Mar 4:28 For the earth bringeth forth fruit of herself; first the blade, then the ear, after that the full corn in the ear.
Mar 4:29 But when the fruit is brought forth, immediately he putteth in the sickle, because the harvest is come.