When Japan’s Stock Market Stands Alongside America’s: A Proposal for Twenty-First-Century Capitalism

2010-8-5
What would happen if Japan’s stock market became one of the world’s largest, alongside that of the United States?

The others would simply go along with it.
Twentieth-century capitalism is, after all, a system in which the strongest win.
No fool would say, “How outrageous that Japan has gone ahead and created a stable twenty-first-century market on its own,” and then direct ten trillion yen a day into Japanese stocks…
Of course, when directing national wealth as precious as life itself, we cannot be foolish enough to let it be skimmed off through cunning and greedy short selling.

However much excess money there may be in the world, no fool would direct ten trillion yen into Japanese stocks to wage an economic war.
That is because Japan’s prosperity—an enormous expansion of domestic demand—would be good for every country.

If foreign investors decide that Japanese stocks are too stable to be interesting and sell the 88 trillion yen they currently hold, we need only buy those shares.
Companies would work harder than they do now to improve their performance… because the entire nation would be watching them every day.

They would be featured daily by television stations and newspapers distributed among six major cities.
That would be the beginning of a World Cup among companies operating across Japan and the world.
The company with the best performance and the highest dividend would receive a gold medal as the intellect that contributed most to Japan and the world that year.

It would make the people still wealthier, and they could live still better lives… buying wonderful products from Japan and around the world without limit.

Neighboring countries might envy the twenty-first-century capitalism Japan had created in one stroke. But most countries in the world do not have the personal assets needed to do the same, so they would have no choice but to remain with twentieth-century capitalism.
Whenever trouble arose, they would flee to Japanese stocks to avoid risk.

After spending twenty years repeatedly finishing last among the developed countries, Japan would return to being a champion in one stroke.
The only thing that could prevent it would be a country full of elites motivated solely by ugly selfishness.

Japan need only direct 110 trillion yen of the 500 trillion yen now sitting in banks and postal savings into shares that pay dividends far higher than government bonds.
It is common knowledge that today’s banks and postal savings institutions are not performing the financial role of advancing the national economy and helping the people become prosperous.
Everything would be settled.

After that, all that would remain would be for the story I write to solve, brilliantly, one particular illness.
If a publisher wants me to write this story, I will write it as a book. If not… I would be happy for those who find my writing worth reading and look forward to the books I will write from now on to read it on an iPad, a Kindle, or a Reader. That would be fitting for someone who has lived in obscurity and has begun writing on the internet as a writer in the truest sense.

The books I write about travel, in particular, would be ideal for you to carry without difficulty on those devices, whether you travel in Japan or elsewhere in the world.

For example, when I write about the indescribably beautiful scenes of Hawaii, which I have visited forty-seven times, you will feel that buying my book was worthwhile.
At times I also feel angry that most of the work through which I paid more than seventeen billion yen in taxes in various ways—more than three billion yen of which went to the City of Osaka—was wasted… It is a sense of regret and anger that you, my readers, cannot imagine…

Unlike those who have followed a smooth course through life and continued to master and deepen their scholarship, I have continued to refine and deepen my intellect through music…
I will close this chapter with Oasis’s ♪Don’t Look Back in Anger♪

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