Don't Worry About Japan
Japan experienced trade deficit last year for the first time in 31 years.
The 3/11 Tsunami destroyed significant part of the Japanese industrial supply chain; The Japanese exporters are yet to fully recover from the 2008 Financial Crisis; The Japanese society is undergoing aging with population decreasing; The Yen is fixed at such a higher level as would make Japanese TV makers compete with Korean makers in a disadvantageous manner; The budget deficit of the Japanese Government has reached the level of 200% of Japan's GDP.
First of all, Japan has been the second largest economy, only following the US, in 40 years. It has many assets and resources that have been accumulated over years. For example, Japan is the largest credit nation in the world. More than 90% of debts of the Japanese Government are owned by Japanese businesses and Japanese individuals. And, Japanese businesses have operated and built so many factories, plants, and subsidiary companies in Taiwan, South Korea, China, Thailand, Indonesia, Singapore, Malaysia, India, Mexico, Russia, the US, etc. Japan has contributed to increase in employment and GDP in Taiwan, South Korea, China, Thailand, Indonesia, Singapore, Malaysia, India, Mexico, Russia, the US, etc.
You have to regard economic success, at least, in east Asia as part of Japanese economic development. It is extension of Japanese economic activities. Or, it is tantamount to viewing success of Anglo-Saxons not only in England but also in the US, Canada, Australia, New Zealand, etc. Japanese technology has been implanted in Taiwan, South Korea, China, Thailand, Indonesia, Singapore, Malaysia, India, Mexico, Russia, the US, etc.
The key issue in Japan is now whether it can contrive and adopt a new economic scheme including national finance.
Put simply, it is if it can find a way to sustain the nation without relying on simply profit-oriented market and balance-oriented taxation.
Japan could avoid becoming a military power to eventually find enemies among Muslims like the US did. Japan could avoid triggering an international financial crisis like the US did. Japan must have passed some test of history already. In this extension, Japan is facing a new challenge, which Western politicians, journalists, and economists cannot understand, since they simply laughed at the lost decade of Japan sometime ago while the US, the EU, and even China are going to suffer their lost decade now.
Anyway Japanese are unique. Compared with uniqueness of the Japanese race, even Koreans are just a minor variation of the mainstream of mankind who live in the west of the Japanese archipelago.
In terms of DNA, Japanese have a rare property (the special D system or the YAP haplotype block in Y-chromosome) that can be only found in some Tibetans and can be directly traced to Africa. It is a very ancient DNA property of mankind. So, the core of Japanese economy is rooted in this inherent uniqueness of the Japanese race through their unique culture. Accordingly, Japan has not simply followed rules in economy, culture, and other human activities that have been established by Anglo-Saxons and other European races, though Japan has achieved remarkable success in the modern history of the world.
http://booklog.jp/asin/4041576237
(to be continued...)
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Joh 1:26 John answered them, saying, I baptize with water: but there standeth one among you, whom ye know not;
Joh 1:27 He it is, who coming after me is preferred before me, whose shoe's latchet I am not worthy to unloose.