For over two decades, Japan’s economic policy was distorted by childish and malicious opinion-making led by the Asahi media and others, resulting in catastrophic long-term deflation. Because these forces serve anti-Japan interests tied to China and Korea, the exact opposite of their prescriptions constitutes Japan’s true path. By strengthening the Tokyo Stock Exchange and mobilizing Japan’s vast private assets, Japan can once again lead — and stabilize — the world.

They are being manipulated by forces that wish to weaken Japan; therefore, it is self-evident that the opposite path is the one Japan should take.
January 26, 2016.
The following is a continuation of the previous chapter.

However, in view of the now-historical fact that for more than twenty years the economic policies of our country were distorted by public opinion relentlessly shaped by truly childish and vicious individuals represented by Yamada and “Hama Obasan,” together with the media typified by the Asahi Shimbun, thereby inflicting enormous losses upon the nation, the Bank of Japan must never again repeat the folly of missing what must now be done. It must understand that it must never repeat the negative consequences brought about by such folly. Today, the truly childish Asahi persistently speaks of so-called “exit theories,” once again attempting to shrink and dwarf Japan, to weaken it. The reality is that it is no exaggeration to say they are being manipulated by China and Korea, which uphold anti-Japan propaganda as national policy. Put plainly and directly, if Japan simply does the opposite of what they advocate, that alone will constitute the best possible strategy for Japan.

For they are being manipulated by forces that wish to weaken Japan, and therefore it is self-evident that the path opposite to theirs is the path Japan must take.

From the very moment I entered the public arena, I proposed reforms of the current state of the Tokyo Stock Exchange: if merely 0.6 percent of Japan’s enormous personal financial assets — the largest in the world — were injected daily into the market, daily trading volume on the TSE would immediately rise from the current average of 2 trillion yen by an additional 10 trillion yen to 12 trillion yen, creating a world-class market on par with the NYSE. The world would then move while watching both the NYSE and the TSE — this is the “Turntable of Civilization.” I wrote that Japan, even now effectively the world’s second-greatest economic superpower, could instantly form a market befitting that status. If that were done, the share of foreign capital that now accounts for 70 percent of daily trading and effectively dominates the TSE would immediately fall into the ten-percent range, and they would never again be allowed to act arbitrarily or arrogantly.

Furthermore, direct 10 percent of the 1,500 trillion yen in personal assets into the acquisition of shares of the corporate groups Japan can proudly present to the world. Then global money would invariably flee to the TSE in times of trouble.

In other words, Japan, the world’s most stable and safe country, must lead the world and save it for the next 170 years. I wrote this under the title Capitalism of the 21st Century.

That this very essay of mine was, in fact, a work of Nobel Prize caliber must by now have been fully realized by the investment officers of Japan’s largest investment companies, including Nippon Life.

Bank of Japan, in the end the market is always right. The fact that Japan’s uniquely detested long-term deflation — hated like a plague by the world today — was created by your predecessors’ persistent failure to read the signals sent by the market ultimately stems from the fact that they too were all readers of the Asahi Shimbun.

You must recognize that you are no longer permitted to repeat such errors and commit further evils that would plunge the world into even greater instability.

When the market raises its voice, Japan must sweep away its past folly and lead the world as a champion of freedom and democracy, alongside the United States.

To that end, the first imperative is to fortify the Tokyo Stock Exchange. It is essential to make it the most stable and powerful market in the world.

Rather than having money flee into the yen whenever trouble arises, we must strengthen the TSE so that money flees into the TSE itself and continue to drive TSE stock prices upward.

That alone is the path that will save today’s extremely unstable world.

If we forget divine providence and continue to think like the kindergarten children of the Asahi and the like, we must know that the world will perish.


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