Wednesday, October 29, 2008

Sell the Yen?


French Finance Minister Christine Lagarde said Japanese authorities may sell the yen for the first time since 2004 after the currency surged to its strongest in almost 13 years.

This would be purely when the Yen reaches some symbolic level, according to a source formerly at the IMF, quoted from Tokyo.

Sunday, October 26, 2008

Asian beehives, Japan, China, Asean...


Japan too is busy as a beehive! Therefore the archipelago's political agenda seems second rate these days. Prime Minister Taro Aso indicated his reluctance to dissolve the House of Representatives for an election anytime soon, saying he wants to prioritize his ''international role'' during the global financial crisis. ''Rather than the domestic political situation... "I again feel the greater need to prioritize my international role,'' Aso, who took office in late September, told a press conference held after he attended the Asia-Europe Meeting summit in Beijing. But "Francisco" (Prime Minister Taro Aso's Christian name) added that there are ''still various issues'' he has to consider and that he cannot say anything more because he has not ''yet decided at this stage whether I will or will not'' call an election.

Inner sources at Diet told me it had been planned on November 30th, nobody would bet on it, now.

Saturday, October 25, 2008

Bourses en fusion



Loin des grands sommets internationaux qui font notre
bonheur... mais livrent des déclarations d'une morne
platitude, G-8, G-20 ou Asem, et, loin des indélicatesses de
dirigeants, type FMI, (in)_opportunes, et en bavardant avec
des collègues d'ici, la tête dans nos écrans et nos index, je
me demande bien ce qu'il adviendra du rôle des courtiers, des
"traders". Ils ne sont pas tous des Jérôme Kerviel mais que
feront-ils dans un monde ou les Bourses vont travailler
toutes seules avec des "MTF" (Multilateral trading facility)
et avec des "Dark Pools". Donc on s'interroge ici sur ce
qu'il adviendra de cette réforme profonde des systèmes
monétaires et financiers qu'on nous promet plus "clean" et
créateurs d'un monde plus équilibré dans un monde ou les
logiciels décoderont l'humeur des marchés financiers.

Tuesday, October 21, 2008

Crisis? "Squeeze your brain" Iwate folks say!


Kenji Miyazawa, a poet, novelist, and amateur astronomer, in the early Showa Period, moved with his family to Iwate. Regarded by proud residents of Tokyo as an impoverished place. Born into the family of a pawnbroker, he was greatly disturbed by the thought that his family's affluent lifestyle was supported by squeezing what little extra the poor in the area managed to put aside.


This and his strong Buddhist faith drove Kenji to spend most of his brief life in a passionate struggle to improve the lot of the poor farmers there. In the midst of his endeavors Kenji found time to avidly absorb the latest scientific, philosophic, and artistic developments that were emanating from Europe at the time (1910-1920).

Just as Japan was embarking on her rapid journey toward modernization, Miyazawa Kenji was busy putting down deeper roots in the remote rural setting from which he created a wealth of literature whose universality would someday touch the hearts of people all over the world.

At a time when Japan and the world's economy has completely halted its longest postwar expansion phase amid the deepening credit turmoil. It is not unreal to go and read and see what the Iwate nature blessed land can offer as inspiration sources... Here it is, I went to Iwate with Kenji Miyazawa's words in mind. "True nature of human beings can't help pondering what true goodness is. We must search for true happiness for all living creatures." The fundamental belief underlying Kenji's moral code was that all living creatures are mutually dependent, and the individual cannot attain true happiness apart from the happiness of all.

Iwate nature is outstanding


Japanese living out of cities made the right choice since Japanese cities nowadays cultivate stress and aggressive behaviors. But current situation is tough for Iwate village people. Former prime minister Koizumi and his predecessors preferred to privilege the urban dwellers and gain their easy buying votes (although quickly changeable...) and forgot the locals. Big mistake. Voters get mad, Iwate prefecture is an example where the Minshuto (The Democratic Party of Japan led by Ozawa, a child of Iwate) is rooted and offers an other image of Japan.

Words here are clear and direct:

"To combat the discrepancies and imbalance of assets, cities have to pay back to villages, they have to understand the crisis!" Says who? A small village mayor who showed to his locals that it is fair to have guts and that a region can achieve self sufficiency with a bit of hi-tech and lots of imagination!


Mayor Shigeo Suzuki knows what he is talking about. He manages city affairs after being involved in the regional economical development. Population decreased to 8.000 from 16.000 in the 60's. As in many villages and regions I visited I heard the same comments from locals: There is a sense of helplessness. Still Kuzumaki prides itself with a clean energy plan that you can see anywhere in town and around, windmill, solar panels, biomass. The mountains around are peaceful and the views gorgeous, cows slowly moving on the fat grass give a sensation of a still secret treasure land. So far, tourism is successful: 500.000 visit the village to come and taste the milk and wines, excellent I can say.

Kuzumaki-machi is located at latitude 40 degrees north in the northern part of Kitagami Sanchi in Iwate Prefecture. It is surrounded by 1000m-class mountains. The town is well known as the “No.1 dairy producer in Tohoku” – 120 tons of milk per day, which amounts to food for 40,000 people on a calorie basis, are produced. To promote local development by the semi-public sector, the Kuzumaki-machi Stock breeding Development Authority is the core organization. Their activities include “calf-sitting”- taking calves from farmers and raising and caring for them, running the accommodation facility “Kuzumaki Kouryu Plateau”, and process and sell dairy products. The entire semi-public sector created jobs for 150 people and the business is making a profit.


The concept of this semi-public sector is “utilize local resources” – the same concept is applied to introducing new energy to Kuzumaki. New energy such as wind generation, solar energy, biomass generation by using livestock excreta and fuel pellets made of scrap wood were all actively introduced. Together with energy saving efforts made at schools and NPOs, currently the energy self-sufficiency rate of the town is 160%. Kuzumaki is further steaming-up to develop the town by self-supplying energy.

But Mayor Suzuki does not feel the energy big companies play fair. Example. It would be appropriate if he also could fix prices. "After all, the wind that propels our windmill comes from here and it is our gold!"


This power station was funded and built by Green Power Kuzumaki in 2003, in the Kamisodegawa district where the altitude is 1000m above sea level. 12 windmills with an output of 1,750kW each are built. The predicted yearly output is 54 million kW, which is equivalent to the electricity consumption of 16,000 households. The view from Kamisodegawa-kogen is magnificent, and could serve as a new tourism resource.

There are some issues too. There still remain vast areas in Kuzumaki to build windmills, and the private sector is also enthusiastic about this project. However, in 2003 the Special Measures Law Concerning the Use of New Energy by Electric Utilities (the RPS Law) came into force that requires electricity companies to use new energy sources at above a certain percentage but the required percentage is too low so that the law may actually be an obstacle to increasing the use of new energy. Another issue is that basically the power generated from windmills cannot be provided directly to ordinary households or companies, and the electricity must be first bought by the power companies – it is difficult for the residents to understand that the electricity they are using is provided by the local wind power generators.

Life, as it comes

A restaurant, barbecues river fish, soba, Japanese cakes and "beignets" (I just adore them) shop opened in 1992 in the Ekarigawa district, where the income is low and one of the least developed in Kuzumaki-machi. The shop was opened by Kuzumaki-machi town officials, Mr. and Mrs. Kouke, with the hope of enlivening the local community. They are the true assets of this area. If you never saw what the Japanese sense of community is, then come around and treat yourself there.



With the existing three resources, soba cultivation by utilizing intermountain natural conditions, a water-mill that has been working from the early 1900’s, and the traditional method of hand-kneading. At first, the neighbors gave a cold response saying that no one would come this deep into the mountains to eat soba and who would take the responsibility if the shop was not successful? No one approved the idea at the local meeting. Mr. and Mrs. Kouke decided to take the risk with some supporters and formed a group called “Koukeryou Suisha Kasan no kai” (Kouke watermill mother’s club), and opened the soba shop. The soba shop has prospered with 10,000 people visiting every year. Some of the group are over 70's, and if they agree life is tough, they all enjoy being together and rejoice.

Time to end the report, how could I leave Iwate without a look at the Chuson-Ji, the temple of "Center of Esteem", founded by Priest Ennin in 850.


THis is a picture of the Golden Hall (Kondo) of Chusonji Temple (I did this photo and others with a special permission of the Chuson-Ji priests). A National Treasure built in 1124. Chusonji Temple stands in the town of Hiraizumi. In the 12th century, the region was a leading producer of gold and there flourished a magnificent aristocratic culture. In the late 11th century, the Fujiwara family, descendants of an offshoot of the distinguished family in Kyoto, settled in Hiraizumi and became powerful rulers of northern Japan. Magnificent place of contemplation in Chuson-Ji as the Motsu-Ji with an astonishing greenery.

I opened this page with a poet. It is said in Japan that in recent years, the number of devoted readers of Miyazawa Kenji is on the rise, no doubt reflecting a disenchantment with Japanese society that has prompted many people to search for new direction in his writings. The difficulties that Japan encounters are viewed as light compared to poor nations, but the mood of change and the dynamic of a more self sufficient nation might have found roots in this extraordinary part of the northern Japan, where tales and talents breed under the same shining sun, utilizing "local resources”.

Monday, October 13, 2008

Investors: "Take small steps"



But how much can even the über-rich who have access to institutions such as Brown Brothers insulate themselves in the market when the Dow slips below 8600 points? Because it is a private partnership, Brown Brothers does not release detailed financial results about the roughly $45 billion it manages, but as Wall Street's losses pile up, and adventurous banks crumble, Brown Brothers' partners aren't losing nearly as much sleep as many of their peers.

Click the title to read the article.

Saturday, October 11, 2008

Crise!



J'ai vu cette image sur un site internet d'un ami Québécois et elle me semble assez bien illustrer cette crise financière mondiale. Il est peut-être opportun de lire le nouveau Nobel de littérature: "Donner ce prix à Le Clézio revient à couronner un écrivain attaché à la pulsation du monde, dont il pressent et prévient le dernier souffle." (Citation A. Perraud). On ne pourrait mieux dire...!

Tuesday, October 07, 2008

Japan, the Empire of Mutants!

I witnessed the Japanese robotics R&D constant research in Japan for the last ten years, and recently, I was in Tsukuba to see the little ancestor of H.A.L. Well reality is up here now as a robotic suit that reads brain signals and helps people with mobility problems will be available to rent in Japan for € 1600, in a month time. Now isn't it a prodigious civilian invention? *



An invention that may have far-reaching benefits for the disabled and elderly. HAL - short for "hybrid assistive limb" - is a computerized suit with sensors that read brain signals directing limb movement through the skin.

The 22 pound (10 kilogram) battery-operated computer system is belted to the waist. It captures the brain signals and relays them to mechanical leg braces strapped to the thighs and knees, which then provide robotic assistance to people as they walk. Japan, the Empire of Mutants as I had written a few years ago in the French press magazine.

* Two Japanese particle physicists were awarded the 2008 Nobel Prize in Physics on Tuesday for discovering the origin of the broken symmetry that predicts the existence of at least three families of quarks in nature. They shared the prize with an American who discovered the mechanism of spontaneous broken symmetry in subatomic physics. It is the first time Japanese scientists have shared the same prize. The winners are Makoto Kobayashi, 64, executive director of the Japan Society for the Promotion of Science in Tokyo, and Toshihide Masukawa, 68, professor at Kyoto Sangyo University in Kyoto, and Yoichiro Nambu, 87, professor emeritus at the University of Chicago, who is a naturalized American.

Sunday, October 05, 2008

Quand la Chine "empoisonne" ses voisins

Des pesticides ont été employés par des industriels chinois tourmentant la chaîne alimentaire par l'imposition de fongicides (fongicides industriels), et autres insecticides, rongicides. Bilan, toute l'Asie est frappée. Des amis chinois me disent leur colère face au scandale. Les chiffres des hospitalisations en Chine seraient largement sous estimés. Crise du mal-développement, avec les effets habituels que sont la surproduction et le mépris des règles élémentaires de bonne gouvernance. Tandis que les foules nationalistes de Chine célèbrent la conquête spatiale, les retours sur terre sont un peu moins glorieux.



Après le scandale du lait frelaté qui a secoué la Chine, la liste des pays ayant décidé de suspendre des importations de produits laitiers chinois ou de les retirer de leur marché s'allonge: Aux Philippines, après la découverte de traces de mélamine dans des boissons lactées d'origine chinoises, deux produits commercialisés sous les marques Yili et Mengniu ont été retirés des rayons après avoir été clandestinement introduits dans l'archipel. Auparavant, le Brunei, le Cambodge, l'Indonésie, la Malaisie, Singapour, le Vietnam et Taïwan avaient interdit les importations de produits laitiers chinois, certains étendant l'interdiction à l'ensemble des produits contenant du lait, dont les chocolats.

Au Japon, une entreprise agroalimentaire a retiré du marché des milliers de petits pains, fabriqués avec du lait fourni par Yili. L'Australie, qui n'importe pas de produits laitiers de Chine, a ordonné une inspection des petits magasins vendant des produits asiatiques pour détecter d'éventuels produits confectionnés à partir de lait frelaté chinois. Quatre produits ont été retirés de la vente: le thé au lait de la marque Kirin, les bonbons White Rabbit, des confiseries chocolatées fabriquées en Chine par le britannique Cadbury et des biscuits de la marque Koala. La Nouvelle-Zélande a retiré de la vente les bonbons "White rabbit".

La Corée du Sud et la Thaïlande ont indiqué avoir lancé un contrôle de tous les produits laitiers chinois. Les autorités sanitaires de Séoul ont découvert des traces de mélamine dans des confiseries M&M's et des barres chocolatées Snickers (groupe Mars) ainsi que dans des barres chocolatées Kit&Kat importées depuis l'usine Nestlé de Tianjin en Chine. Mars a indiqué procéder au rappel de ses deux produits incriminés. La Birmanie, proche alliée de la Chine, prévoit de saisir et de détruire le lait en poudre chinois importé par mesure de précaution. Le Bangladesh a interdit la vente de trois marques de lait en poudre importées de Chine.

Wednesday, October 01, 2008

Oil shock? Use rice as a gasoline!



In a period of energy restriction, food crisis and limitations of food self-sufficiency in many countries, I just went to Niigata city on the Japan Sea coast with the Foreign Press Center press tour as I heard about some high-tech development for wise consumption and for the energy and the automotive industry. What a surprise when I saw the great plains or Niigata producing the famous rice brand "Koshihikari", a best among the best Japanese rice! Beautiful taste!

Rice is Japan’s representative agricultural product and new initiatives have begun in Niigata as a core rice-growing region. New trends include the use of rice flour to make bread, noodles and cakes instead of imported wheat. Seeking to produce and consume energy locally, a demonstration rice-plant bio-ethanol project has also been launched using a high-yield strain and bio-ethanol production is due to begin at Niigata’s East Port at the end of this year. Visiting Niigata, where we can see the Koshihikari rice harvest at its peak, we will do a story on the rice, today and tomorrow.

But Niigata is not just about rice, Niigata city under the dynamic Mayor Shinoda Akira, an ex-journalist from Niigata Nippo shimbun, looks far away as far as energy and food are concerned. (These two sectors are harshly targeted in the financial crisis currently jolting our world)

Niigata is the only place in the world where I will be able to use rice to move my car! How ? Thanks to bio-ethanol! Niigata city experienced a reduction of her agricultural population and re-organization had to be set under cooperatives and individual initiatives. You know how Japanese society can move fast when it wants! Here bio-ethanol is not to be the tool to destroy fields of rice (in other countries it is palm trees or corn) Here it is wisely limited harvest to unexploited rice fields and transformed thanks to the efforts of the city and academics such as researcher Mochizuki san (he also is an ex journalist of Niigata Nippo!)

Bio-ethanol production is becoming popular here and there all over the world. It is developed using local agricultural products, for instance, maize in the United States and sugarcane in Brazil. In fact, it is becoming a controversial issue inviting various opinions and criticism.

In Niigata, they use rice, the main agricultural product, and have launched a demonstration project, in which they grow rice, produce ethanol from it, and sell the ethanol-compound gasoline. The project is led by JA Zen-Noh Niigata (Agricultural Cooperative Association) in an association of the regional council member organizations including Niigata City and Prefecture.

In the program for FY2008, the strain “Hokuriku 193”, a high yielding variety, is currently being grown in the rice paddies in the cooperation of local farmers. At the end of this year, an ethanol production plant will appear at the Niigata East Port and start its operation.

It is expected that the cultivation of the high yielding “Hokuriku 193” strain, will be 2250 tons, and bio-ethanol production 1,000kl. The project also aims to contribute to the rice production adjustment, as it uses fallow rice fields and rice that is not intended as a staple food.

Then the bio-ethanol produced will be mixed with gasoline at the Zen-Noh Niigata Petroleum Station in the Port. Finally, in March 2009, the end product will be supplied at the JA-SS gas stations in the region.

Well maybe you want to know the name of this new product... well I give you a secret: there is a contest opened for naming this new car fuel. Take your chance and contact the City of Niigata. I am quite sure the laureate will receive a great price to propose as City officials Yamaguchi and Enomoto san told me. Who knows? Maybe you could start gardening your own fied of dreams?

Sunday, September 28, 2008

Pop-idol ex Prime Minister Koizumi rocks Japan... again!



"I believe I have served out my role as a Diet member by carrying out the grave responsibilities of prime minister," Koizumi said before a packed crowd of supporters at a meeting in his home district of Yokosuka, Kanagawa Prefecture. "I bet my entire life as prime minister and have realized that I can bet no more." Of his son, he said, "I might be called a silly parent, but I think he is more reliable than I was when I was 27 years old. I would appreciate it greatly if you could provide Shinjiro with your generous support."



More than a politician, he was a pop idol alike type of men but also a shrewd and ingenious politicians who jolted the establishment of a politically incorrect archipelago. Junichiro Koizumi has attracted exceptional media attention from the moment he was tapped for Japan's top job. He is still missed. Is he to remain out of sight or would he rather be the next Kuromaku of Nagatacho's fuzzy world?


(Copyright Jlk 2008)

Facts:
Former Prime Minister Junichiro Koizumi formally announced on Saturday his intention to retire from politics, saying he will not run in an upcoming House of Representatives election. Koizumi, 66, also named his second son and secretary, 27-year-old Shinjiro Koizumi, as heir apparent to succeed him in his constituency, the Kanagawa No. 11 district of the lower house.

Koizumi did acknowledge criticism about giving his political base to his son, saying, "I too was criticized for being a third-generation politician." But he reminded his supporters that they "cheered for me and let me win elections."

Taking the podium from his father, the younger Koizumi said, "I've made up my mind to stand in the next House of Representatives election" from Yokosuka and Miura, his father's constituency.

"I will do my best so I can become a politician who can have you get high hopes on politics. I would like to ask you for your continued support," he said to a roaring crowd.

Shinjiro Koizumi has been working in his father's office as a secretary since last June following graduate studies at Columbia University in New York City and then a stint at a think tank in Washington close to Michael Green.

Although retiring as a lawmaker, Koizumi said he intends to continue "political activities," which he said include using his advisory post at a think tank specializing in international affairs. He said he wants to focus his energy on two policy areas -- making environmental protection and economic development work, and food safety.

As to why he made the announcement at this timing, Koizumi said, "After finishing my tenure as prime minister, frankly speaking, I also wanted to quit as a lawmaker immediately afterward...but I thought it would be problematic if I quit without serving out my term (as a lawmaker)."

Koizumi, currently in his 12th term, was first elected to the lower house in 1972 and subsequently reelected 11 times. Besides his premiership, he has been health minister and posts and telecommunications minister.

Serving as prime minister from April 2001 to September 2006, Koizumi promoted structural reforms including privatization of Japan's postal system as well as road-related public corporations. While in office, he made two trips to Pyongyang in September 2002 and May 2004 for talks with North Korean leader Kim Jong Il and secured the release of five Japanese abductees and their families. He led his ruling Liberal Democratic Party to a landslide victory in the 2005 House of Representatives election, focusing campaigning on the issue of postal privatization. Koizumi also remained a staunch supporter of the United States, Japan's closest security ally. When the United States went to war against Iraq in 2003, he quickly expressed support for the U.S.-led invasion. But Japan's diplomatic ties with China and South Korea soured during his term as he repeatedly visited the war-related Yasukuni Shrine in Tokyo. Critics say Koizumi's structural reform drive has widened income disparity as well as gaps between urban and rural areas.



Koizumi family in Japanese politics since the early 1900s.

Matajiro Koizumi (1865 - 1951) – Minister of Posts and Telecommunications, he was known as the "wild man" and "tattoo minister" because of a large dragon Japanese tattoo on his back.

Junya Koizumi (1904 - 1969) – Son-in-law of Matajiro, he built a kamikaze airfield in 1944 at Kaseda, Kagoshima. Served as Director General of the Japan Defense Agency.

Tetsugoro Iryo (1924/5 - 1945) – nephew of Junya and cousin of Junichiro Koizumi, died a kamikaze pilot.

Junichiro Koizumi (1942 - ) – son of Junya and grandson of Matajiro. Former Prime Minister of Japan.

Kayoko Miyamoto (1957? - ) – ex-wife of Junichiro Koizumi.
Kotaro Koizumi (1978 - ) – actor, eldest son of Junichiro.
Shinjiro Koizumi (1981? - ) – second son of Junichiro.
Yoshinaga Miyamoto (1982 - ) – has never met his father Junichiro.




*To have some more details about Junichiro Koizumi, click on the title of this thread.