Land of Happiness
Some Japanese really want to go and live in America till their death.
Some Japanese really want to go and live in Sweden till their death.
Some Japanese really want to go and live in Australia till their death.
And, some Japanese really want to go and live in France till their death.
You will soon know why...
SECTION I: State of Unemployment in the States
A Japanese blogger analyzed the state of unemployment in the United States.
(http://fxdondon.iza.ne.jp/blog/entry/1755940/ )
He concluded that the state of employment is America hit the peak around 2000.
The boom in the financial sector in 2000's did not improve the employment situation in America. The peak of employment in New York was in 1988.
Even those blessed states listed in the table are going into the worst phase sooner or later as seen in 1983.
SECTION II: State of Forecasting by FRB
Another Japanese blogger analyzed the state of forecasting by FRB.
(http://mathdays.blog67.fc2.com/blog-entry-1055.html )
He concluded that FRB considers that a higher unemployment rate and a lower inflation rate will continue for years in the U.S.
But, he is puzzled why FRB thinks that the core inflation rate will increase but not decrease, since a higher unemployment rate leads to a lower inflation rate.
First, too much reliance on the financial sector, computerized so much, has finally resulted in higher unemployment while American consumers have limited credit allowance nowadays.
So, it is natural that Americans will buy less and less, so that deflation might begin.
The blogger thinks that FRB has not taken effective measures while deflation is coming closer.
Yet, FRB seems to push decline in the value of the dollar against the yen. Or, the Obama Administration thinks that one of effective ways to increase employment in America is to facilitate export from America. Accordingly, they do not try to stop the decline of the dollar.
SECTION III: State of Individual Material Welfare
III-1. GDP per Person/Average Life
The EEE-Repoter has calculated how much a person can spend for each year till his/her death from his/her share of GDP per capita in his/her nation.
The EEE-Reporter has concluded that a nation has to have a larger GDP and also a longer average life expectancy. Specifically, a nation has to allow a citizen to spend as much as possible in each year of his/her life time. The longer the average life becomes, the bigger GDP per person must be. However, this is just concerned with material welfare, not spiritual welfare.
So, an America can use $597 per year while he or she lives in this world, if he or she is given his/her share of GDP of America as one time payment.
So, a Japanese can use $489 per year while he or she lives in this world, if he or she is given his/her share of GDP of Japan as one time payment.
Surprisingly, America is still No.1 in this context among major nations.
(http://ja.wikipedia.org/wiki/%E5%9B%BD%E3%81%AE%E5%9B%BD%E5%86%85%E7%B7%8F%E7%94%9F%E7%94%A3%E9%A0%86%E3%83%AA%E3%82%B9%E3%83%88_(%E4%B8%80%E4%BA%BA%E5%BD%93%E3%82%8A%E7%82%BA%E6%9B%BF%E3%83%AC%E3%83%BC%E3%83%88)
http://www2.ttcn.ne.jp/honkawa/1620.html)
You may call this the "EEE-IMF Index," since it represents Individual Material Welfare.
III-2. GDP per Person X Average Life
However, if a citizen of a nation is given his/her share of GDP, namely GDP per person, in each year during his life time, a total of his allowance in each nation is as follows:
So, an America can use total $3.623 million during his/her life time, if he or she is given his/her share of GDP of America every year as long as he/she lives.
So, a Japanese can use total $3.315 million during his/her life time, if he or she is given his/her share of GDP of Japan every year as long as he/she lives.
Surprisingly, America is still No.1 in this context among major nations.
In advanced nations, a person may be entitled to enjoy life worth $3 million as a total all through his life.
You may call this the "EEE-IMF Index," since it represents Individual Material Welfare, too.
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The relationships between the exchange rate of the yen vs. the dollar, the stock levels of NYSE and TSE, and interest rate operation by FRB and the Bank of Japan cannot be numerically formulated and predicted by any economics and economists. That is why today one dollar is exchanged with 83 to 84 yen, though around 120 yen a few years ago.
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By Palash R. Ghosh | August 10, 2010 9:57 PM BST
The Bank of Japan fiddles, while the yen continues to advance
The Bank of Japan (BoJ) kept its benchmark interest rate unchanged at 0.1 percent, while maintaining the current 1.8-trillion yen size of its lending credit programs, despite an ever-strengthening yen currency that threatens to derail the country's fragile nascent economic recovery...
Moreover, any movement towards policy easing by the U.S. Federal Reserve later today would likely place more upward pressure upon the yen.
BoJ Governor Masaaki Shirakawa defended the central bank's lack of movement, citing that the nation’s recovery has been "resilient" to the yen's advance and that it was too early to enact any policy changes.
http://uk.ibtimes.com/articles/42283/20100810/japan-yen-rates.htm
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I do not think that Mr. Ichiro Ozawa can address this issue more skillfully than Prime Minister Mr. Naoto Kan.
It is because P.M. Mr. Kan can concentrate on this issue but Mr. Ozawa will not, since he has more complicated personal problems than Mr. Kan has.
P.M. Mr. Kan must fire BOJ Governor Mr. Shirakawa if he should not take any drastic measures sooner or later to defend the Japanese economy.
P.M. Mr. Kan must fire Minister of Finance Mr. Noda if he should not take any drastic measures sooner or later to defend the Japanese economy.
P.M. Mr. Kan must say to Mr. Ozawa that it is not time for an internal fight within the ruling party.
(http://kids.niehs.nih.gov/lyrics/ballgame.htm
Why is baseball not prevailing in Europe?)
Luk 8:22 Now it came to pass on a certain day, that he went into a ship with his disciples: and he said unto them, Let us go over unto the other side of the lake. And they launched forth.
Luk 8:23 But as they sailed he fell asleep: and there came down a storm of wind on the lake; and they were filled with water, and were in jeopardy.
Luk 8:24 And they came to him, and awoke him, saying, Master, master, we perish. Then he arose, and rebuked the wind and the raging of the water: and they ceased, and there was a calm.
Luk 8:25 And he said unto them, Where is your faith? And they being afraid wondered, saying one to another, What manner of man is this! for he commandeth even the winds and water, and they obey him.