Global market instability stems primarily from China’s systemic risks. Yet Asahi Shimbun persistently shifts blame onto Japan’s government and monetary policy, engaging in a dangerous distortion of reality.

2016-02-10

Since the beginning of the year, global markets have been gripped by anxiety about the economy.

The primary cause of this anxiety lies in the nature of China itself—an economic truth so obvious that even an elementary school student could understand it.

Virtually all democratic nations built upon capitalism—that is, almost the entire world—surely believe that for world peace and the realization of human freedom and intellect, the collapse of the Chinese Communist Party’s one-party dictatorship would be preferable.

However, no one can predict what consequences a sudden collapse would bring to China’s internal system or to global markets.

That uncertainty is precisely what fuels fear.

This is the greatest factor behind the instability that has appeared in global stock markets since last year—a fact known even to elementary school students, with the exception of Asahi Shimbun and TV Asahi.

Yet Asahi forcibly attributes the current instability to the Abe administration and to the Bank of Japan’s so-called “unconventional monetary easing.”

There can be no greater malice than this.

I happened to turn on the television and found Furuta, Makabe, and Tatano standing together, listening to what they were saying. I felt genuinely sickened and immediately changed the channel.

I state this unequivocally: Asahi Shimbun and TV Asahi represent evil of the highest order.