Tokyo's incitement incurs dangerous cycle

Tokyo’s incitement incurs dangerous cycle

Global Times | 2013-10-28 0:08:01 By Global Times

Japanese Prime Minister Shinzo Abe claimed in an exclusive interview with the Wall Street Journal that a resurgent Japan will "take a more assertive leadership role in Asia to counter China's power" and be placed "at the helm of countries in the region nervous about Beijing's military buildup." The chief executive of Japan made spiteful remarks about China and boldly trumpeted China-Japan confrontation. Although Abe also spoke of a strategic China-Japan relationship of mutual benefit, that could hardly offset the enmity he sowed between the two nations.

Japan recently declared it would shoot down Chinese drones heading for the Diaoyu Islands. The Chinese Ministry of Defense responded Saturday that it would be taken as "an act of war" and encounter "decisive action to strike back."

China so far has been relatively restrained in its choice of words compared with Japan's assertiveness and audaciousness. No Chinese leaders openly instigated China-Japan confrontation as their Japanese counterparts did and the Chinese military never makes any preemptive threats. But now words like "war" and "shoot down" are not taboo. With Japanese public opinion continually calling to besiege China, the possibility that China-Japan frictions will escalate into military clashes is growing.

Should one drone of China be fired upon, hostility between Beijing and Tokyo will be fully activated and the situation of Northeast Asia will topple like dominoes. The outbreak of a regional war is possible. Although the US' support to Japan is obvious, it's uncertain how the US will interfere. There is too much variance concerning where a China-Japan military clash will go.

China has not been involved in war for a long time but a war looms following Japan's radical provocation. China's comprehensive military power, including the navy, air force and the Second Artillery Force of the PLA, is stronger than Japan's. Once a war breaks out, China will also be able to bear the economic blow better than Japan.

The Abe administration perceives China will shirk military clashes with them over Diaoyu due to China cherishing the period of strategic opportunities and its fears of the US. But it's hard to say which side is more afraid of the other between China and the US in the West Pacific.  Besides, which country will economically suffer the most is also unpredictable.

China should remain sober with its goals and the bottom line in the Diaoyu dispute. To pursue the goals and safeguard its bottom line could be either realized through strategic maneuver or costly war.

Few powers rose peacefully in history. China's efforts in striving for peaceful rise have been successful but enhanced a misperception that China is fearful of war, fueling countries like Japan to use war to frighten China.

If we don't have the luck to circumvent a war, we should deal with it with rationality a big power should have.

 

Abe, the Japanese runt committing Japan to national harakiri

Abe the little Japanese runt thinks he is brave and especially with the support and encouragement of his colonial masters in Washington he thinks he can safely provoke a war with China and come out unscathed. He couldn't be more wrong for he and his cohorts of Japanese warmongers would be committing Japan to national harakiri. If I were China and I believe China itself would not hesitate to  obliterate Japan and all Japanese from the earth with the full arsenal of nuclear bombs. This is the good time and opportunity for China and all Chinese people wherever they may be  to kill every Japanese within their reach since the Japs have never shown any remorse for their wanton killings of millions of Chinese people during their attack and invasion of China and South - East Asia in the 1930s and 1940s. As for the Japs' colonial masters , the Evil Empire in Washington, China must neutralise this maniac power by stationing enough nuclear submarines with full complements of nuclear tipped missiles in the seas around America as well as full array of nuclear tipped ICBMs targetting USA to serve as a deterrent that the Evil Empire should stay neutral and not interfere in a war provoked by Japan.


Southernglory1     As a foot note  :  My father was brutally tortured by the Japanese military and my mother too suffered severely .

From high finance to low finance

‘Singapore government-sponsored investment house Temasek Holdings is close to investing $60 million or Rs 300 crore in Hyderabad based Spandana Sphoorty Financial Ltd. According to sources, the deal is being closed at $400 million or Rs 2,000 crore valuation.

VCCircle had reported last week, quoting Spandana's CEO Padmaja Reddy, that the microfinance institution would be closing a $60 million deal this week. When contacted, Manish Kejriwal, Senior Investment Director, India & International, Temasek Holdings, told VCCircle, “We haven’t closed the deal.” Reddy was not available for a comment.

If the deal goes through, this would be third investment by Temasek in financial services space. It had earlier invested in non banking financial services company Fullerton India and also in ICICI Bank.’
 
The above is posted at Sammyboy.com. Read that Temasek is also in Chengdu China in the same micro financing business. This is like moving from investing in top global banks to kucing kurap little finance companies.
 
If I have so much money to invest and invest regardless of what, I would rather put the money in a few pawnshops here. At least it would not turn out to be another lemon like the childcare in Oz. Or perhaps I may just do a charity like offering anther 20 or 30 scholarships for Asean students to study here. Write off the money and no regrets knowing well ahead that money is for charity and not expecting any returns. 

Alternatively can hold a few more Singapore Day events overseas to benefit Singaporeans. Can feel shiok also after spending the money.
 
What do you think?

HongKong’s MRT the envy of the world

‘Hong Kong's MRT is the envy of the world, and many other
cities are trying to emulate its efficiency and reliability.
Better still, their MRT officers and their Minister-in-Charge
are earning less than 10% of what we are paying our own
counterparts. This is translated into very much reduced cost per
ride for the Hongkies. For example, as a senior in HK, I pay only
HK$2 (=S$0.35) per trip regardless of the distance travelled.

I think we should also get the HK team to come and run our
MRT at a small fraction of our current salaries.
Hopefully this will also mean much reduced cost per
ride in Singapore.’
 
I received the above in an email. The Hongkies are very highly regarded for competitiveness and their entrepreneurial spirit. They have not been called daft. They know they are good.
 
I would suggest we send a study or fact finding team to learn from them and maybe we can improve our public transport system. No need to feel malu just because we have bigger dignity and so cannot learn from people with lesser dignity. When they are good, we must come down and be willing to learn from the better people and their system. 

Tiok boh?

Singapore Exchange Seeks High-Frequency Traders

The above is the titled of an article by Jonathan Burgos on Oct 28 in Bloomberg News. It quoted Magnus Bocker, the CEO of the Singapore Stock Exchange that this is the way to go to improve liquidity and quality of the Exchange. HFT accounted for a fraction of the liquidity in the trading of equities but 30% of the trading of derivatives, according to spokesperson Loh Wei Ling. HFT is thus in the system but would now go a big way into the main activity of the Exchange.
 
When Bocker first came on board he introduced several changes to facilitate trading, to improve liquidity, efficiency and trading volumes. Among these were smaller bid size, lower commission, no lunch break, allowing computers to be plugged into the SGX and located nearby to take advantage of the proximity and benefitted from the speed to make profits.
 
“The more liquidity and the more trading generally makes the market better, lowers trading cost and helps smaller investors,” said Larry Tabb. How would this statement measure up to the reason for Bocker to want to introduce HFT as stated below?
‘Bocker is seeking more business with the daily average value of equity trades down to about S$1.5 billion ($1.2 billion) this year, a 36 percent plunge from 2007, according to data compiled by Bloomberg.’
 
And David Gerald, President of SIAS, has this to say, ‘…allowing high-frequency traders will introduce unfamiliar risks to investors .…“A knife is good as well as dangerous,….Investors must know the risks and decide for themselves whether they want to invest or not. There are many products out there which are very risky and investors have to be educated on the risks and they must make an informed decision.’
 
Comforting words indeed. But with the HFT in full play, has the nature of stock trading been changed when profit and loss are incurred by virtue of computer speed and nothing else, and with funds using their computers to trade or cheat against the small investors? What is a stock exchange? Definitely it is not meant to be a jackpot machine or a computer game.
 
Would the authorities seriously look at HFT and the nature of stock market trading, the unfair advantages of big funds with big war chests and high speed computers profiting from the innocent and unsophisticated small investors without the aid of computers and information from the computers of the Exchange. What happens to fair trading practices and a level playing field? The MAS owes all investors big and small the responsibility to ensure that it is fair game and not a loaded dice. Would the MD of MAS, Ravi Menon, care to comment on this? My personal opinion is that this is worse than Lehman Bonds and toxic notes. Is David Gerald’s warning of a dangerous knife enough, sufficient, to the unsophisticated small investors? Anyone in the govt thinks that HFT is ok and acceptable to be allowed into our stock market? HFT is like throwing some piranhas into our reservoir and then ask what happened when all the fishes were gone, like where have all the small investors gone.
 
Should all remisiers, dealers and investors be made to take a course and test on HFT, to know the risk involved and to sign a letter that they know what they are in for and would be responsible for their own tradings?
 
An easier way to increase trading volume is to open the market 24 hours. By virtue of tripling the trading hours, the volume must increase by 3 folds. Or maybe cut commission to zero where traders can trade freely.
 
Over the last few days, the volume of trades must have opened some eyes that all is not well. No, Rip Van Winkle still snoring away?