LNG Industry (January 6)
“The world’s two largest economies–the US and Mainland China–are poised to be the world’s top export and import markets for LNG in 2022.” In 2021, the US placed third, behind Australia and Qatar, but “was the largest source of LNG supply growth in 2021.” China overtook Japan in 2021, marking “the first time since the early 1970s that Japan has not been the world’s largest LNG importer.”
Tags: 1970s, 2021, 2022, Australia, China, Export, Import, Japan, LNG, Markets, Qatar, Supply growth, Top, US
Wall Street Journal (December 3)
“Wages are going gangbusters in the U.S.—elsewhere, not so much.” In Australia and Japan, “pay growth remains anemic… despite labor shortages.” Nor do wages appear to be rapidly accelerating in Europe, all of which is “easing pressure on their central banks to raise interest rates.”
Tags: Anemic, Australia, Central banks, Europe, Gangbusters, Interest rates, Japan, Labor shortages, Pay growth, U.S., Wages
Washington Post (September 7)
“Mr. Xi’s two predecessors allowed China’s people more personal freedom and provided a rising living standard,” but he “is reversing that by putting more of an ideological stamp on society.” Aside from widely publicized new limits on video games and screen time, on September 2, the television regulator “banned effeminate men on the screen” out of “official concern that Chinese pop stars, imitating the sleek look of some South Korean and Japanese singers and actors, were failing to encourage China’s young men to be masculine enough.” Mr. Xi may know best “about everything, on behalf of everyone. But the more power concentrates in one man, the more brittle the system may become.”
Tags: Brittle, China, Effeminate, Freedom, Ideological, Japan, Masculine, Pop stars, Power, South Korea, Television, Video games, Xi
Financial Times (September 5)
Prime Minister Yoshihide Suga has “lacked distinctive policies of his own or an independent political base. Going forward, “Japan needs a different kind of leader.” The next leader “requires communication skills and a compelling programme.”
Tags: Communication, Different, Distinctive, Independent, Japan, Leader, Policies, Political base, Prime minister, Skills, Suga
Wall Street Journal (August 23)
The Government of Japan “is already on the hook to pay out nearly $10 trillion to its creditors.” This may appear *an impossibly large sum to rustle up” when annual tax collections amount to “less than $600 billion.” But today’s “economists talk more about the risk of issuing too little debt” and the U.S. may soon follow Japan’s lead. “Congress is debating trillions of dollars more in proposed spending that would push America’s borrowing toward levels policy makers in Tokyo have long embraced.”
Tags: $10 trillion, Borrowing, Congress, Creditors, Debt, Economists, Government, Japan, Risk, Spending, Tax collections, U.S.
The Economist (August 14)
Japan’s “financial heft in South-East Asia” is vastly understated. It still ranks as the biggest “investor in the region’s infrastructure projects.” While “China’s financial reach overseas attracts enormous attention, when it comes to infrastructure in South-East Asia, Japan is still very much the leader…. In total, it has $259bn invested in unfinished projects in Indonesia, Malaysia, the Philippines, Thailand and Vietnam…compared with China’s $157bn.”
Tags: China, Financial heft, Indonesia, Infrastructure projects, Investor, Japan, Leader, Malaysia, Overseas, South-east Asia, Thailand, the Philippines, Vietnam
Bloomberg (August 13)
“It seems like Japan’s big recovery is always a quarter away.” The economy may just barely manage growth in the second quarter, but the slow vaccination rollout and ongoing surges mean “the bounce in consumer spending that analysts had been forecasting will have to wait even longer.” Japan has earned “the dubious distinction of being the only G-7 economy to have its growth outlook for this year cut by the International Monetary Fund.”
Tags: Analysts, Bounce, Consumer spending, Economy, G-7, Growth, IMF, Japan, Outlook, Q2, Recovery, Surges, Vaccination
Washington Post (August 8)
“The flame that burned throughout one of history’s most controversial Games was extinguished Sunday as Japan brought the curtain down on the Tokyo Olympics with Closing Ceremonies that were as unusual as the event itself” because there were very few athletes present. “It was a fitting, bittersweet end to a complicated Games. While the ban on spectators meant the Games looked and felt nothing like the electric showcase of Japan that organizers had hoped for, the Olympics nonetheless provided a much-needed respite, a burst of joy and human wonder, for viewers around the world exhausted by the pandemic.”
Tags: Athletes, Bittersweet, Closing Ceremonies, Complicated, Controversial, Flame, Japan, Joy, Pandemic, Respite, Spectators, Tokyo Olympics, Wonder
Financial Times (August 7)
“As Japan and the US square-off tonight for the gold medal match in Olympic baseball, the Yokohama air will be equal parts thick with history, humidity and the rich possibility of humiliation.” Drastically important, both countries will be competing in what is “a cherished national sport, a national obsession, a mirror to the national soul and a century-old metaphor for the swash and backwash of the two nations’ relationship. A Japanese win in Yokohama will settle and old, old score.”
Tags: Baseball, Cherished, Gold medal, History, Humidity, Humiliation, Japan, Olympic, U.S., Yokohama
Washington Post (July 9)
“Tokyo’s newly rebuilt, 68,000-capacity National Stadium… will be empty throughout the Games, symbolizing the vast sums of money invested in these Olympics with little reward for the people of Japan or the country’s economy.” The spectator ban “highlights the government’s failure to get its vaccination program underway early enough to allow the Games to take place safely with fans.”
Tags: Economy, Empty, Failure, Government, Japan, Money, National Stadium, Olympics, Reward, Spectator ban, Tokyo, Vaccination program
