The Asahi Shimbun attacks Abenomics by claiming it distorts market pricing, yet ignores the reality of foreign dominance in Japan’s markets during decades of deflation.
This article exposes the paper’s shallow economics and moral arrogance.

March 3, 2017
The Asahi Shimbun article discussed at the beginning is a truly dreadful one, claiming that Abenomics distorts market price formation.
It is immature, foolish, and malicious, driven by an ugly obsession with hatred of the Abe administration and its overthrow.
Not only does it cloak itself in pseudo-moralism, but as always, the Asahi Shimbun writes as if it were an omniscient and omnipotent god.
It is said that in South Korea, students are taught in their very first lesson that the Korean people are the most superior ethnicity in the world, a phrase that can only be described as pure Nazism.
It would not be an exaggeration to say that the mental structure of Asahi Shimbun employees is no different from this.
The more than twenty years of deflation, that is, the great stagnation of the Japanese economy, resulted in a situation in which roughly seventy percent of daily trading volume on the Tokyo Stock Exchange came to be occupied by foreign capital.
For the truth of this period, readers should consult the related chapters of my writings since July 2010.
The method by which foreign capital distorted price formation on the Tokyo Stock Exchange and continued to weaken the Japanese economy was in fact extremely simple.
Whenever any event occurred, or whenever they needed to reap enormous profits, they would push the yen higher through currency futures and place short positions on Nikkei futures on the Tokyo Stock Exchange.
Readers may refer to the chapter in which I introduced the words of a well-known European fund manager who stated, “The Japanese market is a market where profits can be made with absolute certainty.”
By securing massive profits with certainty in Japan’s absolutely stable market, they could then invest funds without anxiety into high-risk, high-return emerging markets and reap even greater profits.
It would not be an exaggeration to say that this behavior by foreign capital created astronomical disparities.
Yet the Asahi Shimbun, oblivious even to this fact, has now begun wielding pseudo-moralism against the economy, launching attacks on Abenomics day after day using the vast space of its front page.
The content of those articles is, once again, malicious in a manner entirely befitting the Asahi Shimbun.
They introduce a man said to be a thirty-eight-year-old day trader, describing his room filled with more than ten monitors, and use the fact that he trades currency futures and Nikkei futures as material to attack Abenomics.
If they had time for such reporting, it would at least be more appropriate to write about the background that allows a thirty-eight-year-old man to live without engaging in any legitimate profession while doing such things.
In any case, the immaturity of this newspaper, and the malice that springs precisely from that immaturity, is beyond description.
To be continued.