Japan can send all its contaminated seafood to Taiwan

Japan is looking at another economic stimulation exercise. Stimulate what is the question when all the stimulation over the last three decades came to nothing. It will not work and is just making the Yen weaker and Japanese nationals getting poorer with a falling Yen. Even all the arrows fired by Shintaro Abe, the other samurai, using his Abenomics failed to strike the target. He was not the last samurai, it seems, as his protege is doing the same that he left off.

Japan's GDP had been stagnant or just drifting and even declining over the last decade, with India said to be overtaking it with its cow dung GDP added in. Japan was the second biggest global economy, peaking at US$6.3 trillion in 2012, now at fourth with just US$4.2 trillion or thereabouts today and in deep economic trouble, with huge debt to GDP ratio. Japan's industrial base had been decimated first by the South Koreans and now by the Chinese.

China is going for the underbelly of Japan by targeting its tourism and seafood industry for a start. Tourism is one area that affects many other sectors like hotels, food and beverage, shopping malls, entertainment outlets while seafood targets Japan's fisheries sector and also causing collateral damage to Japanese restaurants operating in China. But never mind, all the contaminated seafood can go to Taiwan, knowing that Japan is still releasing contaminated Fukushima waters into the ocean. The Chinese had better be safe than sorry.


Anonymous