An essay arguing that the 2016 collapse of the Tokyo Stock Exchange could only have been executed by China. By examining media silence, the failure to trace speculative capital, and China’s contrasting response to its own market crash, the author contends that all available evidence supports the original hypothesis.

February 13, 2016

Now then, judging from all circumstances, those with discerning eyes must have realized that my hypothesis—that this massive collapse of the Tokyo Stock Exchange could not have been carried out by anyone other than China—was entirely correct.

What follows is a supplementary note to that hypothesis. There is no way that senior figures at Asahi were unaware of China’s actions this time. As written in the previous chapter, there must be channels between them and the Chinese government that are even stronger than those with the Japanese government. And China would never allow itself to lose its pipeline to Asahi Shimbun and similar outlets. This point is precisely the essence of state strategy, maneuvering, or intelligence operations—something completely beyond the comprehension of Japan’s childish and foolish so-called intellectuals.

Who were the speculators that, throughout this crash, drove the yen higher and the stock market lower, and where did their funding come from? These are matters that Asahi could have discovered immediately had it chosen to investigate.

For genuine journalism, in the face of a national crisis like this, such investigation should have been the very first task.

Needless to say, the Chinese government acted exactly this way during the Shanghai market crash. It immediately punished the companies and individuals who had been engaging in short-selling.

In Japan, however, there was no such concern—no arrests, of course, and not even criticism or condemnation. All that was required was to silence outlets like Asahi. Indeed, they must have whispered something like this:
“We monitor the global economic situation day and night. We fully grasp what is happening. This time, they will push the yen higher and stocks lower. An excellent opportunity will surely arise to attack the Abe administration and the Bank of Japan’s policies. You should prepare.”

Anyone with discernment who watched “Hōdō Station” would have thought that this unfolded exactly as my hypothesis predicted.

Furthermore, the Nikkei newspaper’s electronic edition, which I saw today, reported a startling fact that perfectly proves my hypothesis.

That will be discussed in the next chapter.