When foreign capital controls 70 percent of a capitalist nation’s stock market, national sovereignty is already compromised.
This chapter demonstrates how redirecting a small portion of domestic assets could instantly stabilize Japan’s economy and end deflation.

2016-04-07
The following is from pages 16 to 17
of my book,
The Turntable of Civilization.
All emphasis is mine (laughs).
When 70 percent of the stock market—
the very foundation of a capitalist nation—
is owned by foreign capital,
it is no different from the nation
being taken over.
If just 1 percent
of Japan’s 1,500 trillion yen
in household assets—
10 trillion yen—were to move,
the foreign share would instantly
fall into the 10 percent range.
For economic stability and security,
this level is more than sufficient
to call something “global.”
I am someone who senses
that behind the word “global”
lurks sheer greed.
At present,
foreign capital holds
approximately 88 trillion yen
in Japanese stocks
(about 45 percent of market capitalization).
If 10 percent of household assets—
100 trillion yen—
were guided toward acquiring shares
in Japan’s outstanding major corporations
and companies that dominate global markets
across various fields
(bringing domestically held shares
to 296 trillion yen),
and dividends were made tax-free
(as has long been done in Singapore),
deflation would end in an instant.
Limiting this to cases
verified by receipts showing actual consumption,
with average listed-company dividends
around 2 percent annually,
a massive 5.92 trillion yen
would flow into consumption
(expanding domestic demand and GDP).
If taxes on stock transactions themselves
were also reduced to near zero
(again limited to receipt-verified cases),
the money flowing into consumption
would become even more enormous.
If 1 percent of household assets
moved daily through market trading,
and 10 percent were directed
toward acquiring shares
in Japan’s excellent industrial enterprises,
it goes without saying
that the world would move
by watching the Tokyo and Osaka exchanges
alongside the NYSE and Nasdaq.
And as enormous sums flowed into consumption,
domestic demand would expand massively,
and world-class products and luxury goods
that appeal to the Japanese sense of beauty
would be consumed
on an entirely different scale.
Japan should decide its own path
by itself.
To be continued.