This essay examines how China’s economic manipulation erased years of economic gains in days, while Japanese media figures—long aligned with Beijing’s narratives—suffered no losses, having already secured wealth and post-retirement positions at the public’s expense.

February 14, 2016

People who ride the subway and those who subscribe to newspapers may have noticed that certain weekly magazines—though I do not know through what channels—published articles which I suspect were also part of the current Chinese government’s manipulation of Japanese public opinion.

As I have already explained, Chinese “explosive buying” in Japan exists because roughly 50 percent of goods distributed through online commerce in China are counterfeit. No matter how much the Chinese government insists otherwise, it cannot achieve the effect it desires.

At the same time, Chinese people are highly sensitive to profit, a nation seemingly born to conduct business.

If, during the ten days of the Lunar New Year, the yen appreciates by as much as ten yen, the purse strings of visitors to Japan will inevitably tighten considerably.

What those weekly magazines claimed—that the Chinese government would no longer allow Japan to benefit from explosive buying—was accomplished by the Chinese government through a sudden and drastic appreciation of the yen. I realized anew that this was exactly how it had been done.

But that was not all. While driving the yen higher, they naturally continued to launch massive short-selling attacks on Nikkei futures.

I received a phone call from a business executive with whom I have long been acquainted through work. “I lost 400 million yen in this crash,” he said. Asset holders like him—people who did not hoard cash in safes but instead returned money to the market—must all have suffered enormous losses.

The profits Japan gained over the past one or two years from Chinese visitors’ explosive buying were not merely wiped out in ten days; they were exceeded by losses many times, even tens of times greater.

The only ones who did not suffer losses were those who calmly carried out such malicious acts and who have long been manipulated by the government of a country that does not even answer phone calls from the Japanese government—namely, people working in media organizations such as the Asahi Shimbun, a fact that has already become historical truth.

They never loved Japan in the first place, and therefore must have devoted themselves solely to saving for their own benefit.

Enjoying the most protected labor conditions and pensions in Japan, earning the highest salaries, they have abused Japan, written articles filled with hypocrisy, and secured post-retirement positions such as university professorships—

all while calmly forcing the Japanese people to pay 30 trillion yen in blood-tax money to the Chinese government, ensuring only their own retirements were secure.

This essay continues.