Even So, Business Leaders Who Kowtow to China… Swindlers With Japanese Faces Acting Like Chinese Are Increasing in Japan
Even So, Business Leaders Who Kowtow to China… Swindlers With Japanese Faces Acting Like Chinese Are Increasing in Japan
June 17, 2020
The following is excerpted from the book “The Great Corona Depression: The World Shuts Out China” by Masahiro Miyazaki and Tetsuya Watanabe, published on May 1.
The Fate of China-Dependent Corporations and SoftBank
(Opening omitted)
Even So, Business Leaders Continue to Kowtow to China
Watanabe:
With the Wuhan coronavirus, it’s clear that Chinese nationals are vanishing from countries around the world. Among Japanese companies, those that had been waiting for the right moment to withdraw from China will likely use this opportunity to exit all at once.
For example, if in this situation a Japanese company keeps its staff stationed in China and continues operations, and someone dies from pneumonia, the family will no doubt file a lawsuit against the company. The media will jump on it, and it will become another Dentsu-like scandal—as with the 2015 suicide of their overworked new female employee.
If that happens, it won’t end with just a board member losing their job. From a corporate management standpoint, such losses hurt, but in Japan, when it becomes a matter of money versus human life, life always wins.
In other words, the company will be judged as incapable of risk management. The executives responsible for the decision will be held personally accountable. Can they endure that? If not, they should decide to withdraw quickly.
Miyazaki:
Watami was quick to shut down all of its locations.
Watanabe:
It was only a few stores to begin with, but even a company that had been criticized as a “black company” chose to withdraw. That should not be taken lightly.
Miyazaki:
Nidec Corporation saw a 40% year-on-year drop in the April–June quarter of 2019 due to the U.S.–China trade war.
But despite that, in February this year, they announced a new investment of 200 billion yen in EV motors in China, which was shocking.
Watanabe:
Given the timing, the only explanation is that the executive has lost their mind.
Shigenobu Nagamori, the founder and current CEO, used to write a blog for the Nihon Keizai Shimbun, in which he confessed that Japan’s corporate tax rate was about 20% higher than other Asian countries, and that the yen’s high value back in 2009 pushed him to vote for the Democratic Party despite his wife’s opposition—and to encourage others to do the same. But when the DPJ came to power, things got even worse.
This is the kind of self-reflective person he is (he wrote, “If they tell us to leave, then…” in his blog).
Incidentally, Nagamori also served as an outside director at SoftBank Group until 2018.
Miyazaki:
Frankly, he doesn’t seem to understand politics at all.
It is a fundamental mistake for merchants to meddle in governance.
Watanabe:
Saying things like “My wife scolds me and I feel small even at home”—
Anyone who doesn’t understand politics isn’t fit to be an executive.
Management is, for better or worse, the ultimate form of politics.
Also, in November 2019, China’s major semiconductor firm Tsinghua Unigroup appointed Yukio Sakamoto as Senior Executive Vice President. This man is the very definition of a traitor.
He was the former president of Elpida Memory, Japan’s major DRAM producer, once ranked third globally, and he sold it off cheaply to U.S. firm Micron. Now it seems he’s planning to hand that same technology over to China.
Elpida was the first to be granted support under the 2009 amended Industrial Revitalization Act, receiving 30 billion yen in public funds—and still went bankrupt.
That bankruptcy is suspected by some to have been premeditated.
As a result of the collapse, up to 27.7 billion yen in losses were effectively passed on to Japanese taxpayers.
Miyazaki:
Swindlers who look Japanese but act like Chinese have been increasing in Japan.
(To be continued.)
The following is a chapter I published on June 5, 2020, titled: “Is It Really Acceptable That Your Company Makes Maximum Profit, Even If It Means Keeping Xi Jinping Alive?” It turns out, unintentionally, that it resonates perfectly with the present article.
Just now, I was watching Jurassic World: Fallen Kingdom on WOWOW.
Ever since Hollywood began pandering to China (blinded by the lure of the Chinese market), Chinese characters have started appearing all over the place.
Even a recent low-quality Jaws-like movie I saw was flooded with Chinese actors.
Yet ironically, one of the final lines in the opening movie seemed to foresee the world now suffering from the Wuhan virus.
The film depicted how excessive genetic engineering (reviving dinosaurs and coexisting with them) brings catastrophe upon humanity.
What Shi Zhengli was doing aligns precisely with this.
In the first place, it was a grave mistake for advanced nations to teach cutting-edge technologies to people who are nothing more than cells of a one-party dictatorship like the Communist Party. That is what has led to the present global disaster.
Now is not the time for the chairman of Nidec Corporation to be talking about the importance of the U.S. and Chinese markets.
The worst dictator in history—whose evil knows no bounds, who lies so convincingly, and who governs under the one-party dictatorship of the Communist Party (yet, in reality, may be a coward of the lowest order in terms of market mentality)—is currently plotting global domination based on the most malevolent ideology imaginable.
Even the false economic figures are astronomical, but what is even more outrageous is the scale of their military expansion, funded by vast amounts of hidden capital—something the entire world knows.
The United States has completely seen through them. It has not only moved to block the theft of cutting-edge technologies, but has also entirely halted exports and technology transfers of 5G-related products.
The CCP now desperately covets Japanese technology—especially semiconductor manufacturing equipment—to the point of frothing at the mouth.
To Mr. Nagamori,
I am convinced that allowing Xi Jinping to remain in power leads humanity toward ruin.
Are you truly fine with that?
Surely, you must be a subscriber and devout reader of The Asahi Shimbun.
Their oft-repeated ideal of “austerity and moral poverty”—
Is that not the polar opposite of the mindset that seeks to pursue profit while aiding the ambitions of a dictator like Xi Jinping for world domination?
Is it really acceptable that your company makes maximum profit, even if it means keeping Xi Jinping alive?