The Abe Administration’s Economic Policy and Japan’s Role: Overcome Criticism and Forge Ahead

A treatise in support of Prime Minister Abe’s policy to correct the yen’s appreciation. The author criticizes South Korea’s arbitrary weak-won policy and attributes Japan’s “lost 20 years” to the passive stance of its authorities and the rhetoric of second-rate media. The essay positions Japan’s role as becoming an economic powerhouse with a GDP of 1,000 trillion yen, which it argues is the “will of God” to contribute to global stability. The author encourages the prime minister to ignore criticism and pursue his policies, achieving a feat worthy of the Nobel Prize in Economics and the Nobel Peace Prize.

In 2013, Prime Minister Abe pledged to correct the overvalued yen, which had driven Japanese companies into crisis under Korea’s currency manipulation. Restoring Japan’s GDP to the 1,000-trillion-yen level is its historic mission, positioning Abe as a global leader.

Prime Minister Abe has been in office with the right policies for only a month.

It was only in recent years that South Korea pursued an extreme weak-won policy, devaluing the won by as much as 60% against the yen, thereby engineering Samsung’s rapid ascent.

South Korea manipulated its exchange rate in a market effectively controlled by its financial authorities.

Japan, however, did no such thing.

Amid the Lehman Shock and the subsequent EU crisis, countries around the world adopted weak-currency policies.

Japan alone refrained from doing so.

As a result, Japan drove its world-class corporations into hardship and destabilized national employment.

Prime Minister Abe declared he would correct this global misjudgment that had forced the yen into excessive appreciation.

As I have said repeatedly, the OECD calculated the purchasing power parity of the yen at 111 yen to the dollar.

What, then, is Germany saying in response to this adjustment?

It is clear that these are not merely its own views, but coordinated interests with certain business circles in countries like South Korea.

In such behavior, where can justice in the world be found?

The corruption of our own media and so-called market experts is equally egregious.

Prime Minister Abe, you have no need to listen to such people.

These are the very ones who remained silent throughout Korea’s decade-long weak-won policy.

Especially in recent years, when the won fell 60% against the yen, they neither spoke out nor could they.

They are second-rate men, through and through.

Posing as moralists while in reality serving as de facto agents for South Korea, they manipulated public opinion in this country.

Even worse, they derided Japan’s proud electronics manufacturers as if they were mere zombies, all while praising Samsung, which rose on the most fraudulent grounds in history.

Such fools deserve no attention.

On the contrary, given the past twenty years—especially the last decade—they should be swept aside as Japan advances forward.

When Japan’s “Turntable of Civilization” turned, the U.S. GDP was 750 trillion yen, while Japan’s was 550 trillion yen.

Today, the U.S. stands at about 1,400 trillion yen, while Japan has fallen below 550 trillion yen.

Japan’s role, as a nation upon which the “Turntable of Civilization” has turned, is to become once again a country with a GDP of 1,000 trillion yen as swiftly as possible.

Relentless pursuit of this goal is the path Abe must take.

If he does so, he can become the greatest statesman in the world.

He could be the first sitting prime minister to win the Nobel Prize in Economics.

And by restoring Japan to the role divinely assigned to it—stabilizing the world—he may also win the Nobel Peace Prize.

Prime Minister Abe, you must realize that on your shoulders rests both the burden and the fortune of achieving humanity’s radiant future.

Nothing else matters.

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