Young Japanese scholars head to China for stable, independent jobs

[beijingwalker]

Japanese have been a closed society which has served them well in the past. Now they are opening up, which is a welcomed by others. We are getting a glimpse of their culture and work ethic which I am a big fan.
Now it is Chinese turn. It is good to see China is opening up to Japanese people, who they consider as adversaries.

Actually during most part of history, China was very opened up, Japanese, Korean and Vietnamese cultures all originated from China.

 

[REhorror]

Of course, the world tells this truth with their money

China's trade surplus at record as exports beat expectations

Its trade balance climbed to about US$101 billion (S$139.4 billion) in July, surpassing the previous record set in June. Read more at straitstimes.com.

www.straitstimes.com

China trade surplus surges to record as exports accelerate

China’s monthly trade surplus soared to a record $97.9 billion in June as exports picked up after the easing of anti-virus controls that shut down Shanghai and disrupted trade.

apnews.com

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Well, that's fine.
My point is that japanese products are pretty well-liked worldwide, even in China.

 

[beijingwalker]

Well, that's fine.
My point is that japanese products are pretty well-liked worldwide, even in China.

Then there's no problem, and Chinese products are the most liked on this planet, and no countries can live without them.

 

[REhorror]

Then there's no problem, and Chinese products are the most liked on this planet, and no countries can live without them.

I'm not sure about the 2nd part, but sure bro, enjoy your place in the sun.

 

[Mista]

> Using trade surplus to judge a country's corporate competitiveness lmao.

1) Japanese companies don't manufacture just in Japan. A Panasonic product produced in Vietnam exported to Japan counts towards Vietnam's trade exports and Japan's trade imports, but the profit is accrued to Japan's current account. Japan's primary income from overseas is usually outstrips their trade deficit. That's why over the years Japan regularly incurs trade deficit but still manages to have large current account surpluses.

List of sovereign states by current account balance - Wikipedia

en.wikipedia.org

TOKYO (Kyodo) -- Japan's current account surplus shrank 63.1% in the first half of 2022 from a year earlier to 3.51 trillion yen ($25.9 billion), influenced by a major goods trade deficit stemming largely from a higher oil price and the weak yen, the Finance Ministry said Monday.

The fall in the current account surplus was the second steepest for a half-year period following the second half of 2008 when a global financial crisis sparked by the collapse of U.S. securities firm Lehman Brothers Holdings Inc., according to the ministry's preliminary report.

The current account balance is one of the widest gauges of international trade.

Among key components, the country had a goods trade deficit of 5.67 trillion yen, the second-largest deficit since comparable data became available in 1996, and a service trade deficit that expanded to 2.49 trillion yen from 2.09 trillion yen in the first half of 2021, according to the ministry.

Meanwhile, primary income, which reflects returns on overseas investments, rose to a surplus of 12.87 trillion yen, up 22.4% year on year, the data showed.

In June alone, the country logged a current account deficit of 132.4 billion yen, dipping into the red for the first time in five months, largely due to the goods trade balance going into the red, the ministry said.

Japan's Jan.-June current account surplus shrinks to 3.51tn yen

Higher oil price, weaker yen push up import bill

asia.nikkei.com

2) Trade surplus or current account surplus is a poor indicator of a country's corporate competitiveness. The US has the largest trade deficit but their companies are still among the most profitable and valuable in the world, and they are non-state owned.

Companies ranked by Market Cap - CompaniesMarketCap.com

Ranking the world's top companies by market cap, market value, revenue and many more metrics

companiesmarketcap.com

Companies ranked by earnings - CompaniesMarketCap.com

Ranking of the world's top publicly traded stock companies by earnings (TTM)

companiesmarketcap.com

Macau has a trade surplus. Does that mean they have better companies than the US?
Suppose the US experience a severe recession and wages falls, resulting in a contraction in consumer spending and imports. Does that mean that American companies produce better products now?

Chronic trade surpluses/deficits just means fundamentally there's a mismatch between domestic consumption and external consumption.

 

[beijingwalker]

> Using trade surplus to judge a country's corporate competitiveness lmao.

It's just one indicator, Japan used to be a huge trade surpuls country without counting overseas earnings and Japanese companies are becoming less and less competitive in the global market, it's not all about trade surplus or deficit, but it does serve as one of many indicators.

 

[Song Hong]

> Using trade surplus to judge a country's corporate competitiveness lmao.

1) Japanese companies don't manufacture just in Japan. A Panasonic product produced in Vietnam exported to Japan counts towards Vietnam's trade exports and Japan's trade imports, but the profit is accrued to Japan's current account. Japan's primary income from overseas is usually outstrips their trade deficit. That's why over the years Japan regularly incurs trade deficit but still manages to have large current account surpluses.

View attachment 886979

List of sovereign states by current account balance - Wikipedia

en.wikipedia.org

Japan's Jan.-June current account surplus shrinks to 3.51tn yen

Higher oil price, weaker yen push up import bill

asia.nikkei.com

2) Trade surplus or current account surplus is a poor indicator of a country's corporate competitiveness. The US has the largest trade deficit but their companies are still among the most profitable and valuable in the world, and they are non-state owned.

Companies ranked by Market Cap - CompaniesMarketCap.com

Ranking the world's top companies by market cap, market value, revenue and many more metrics

companiesmarketcap.com

Companies ranked by earnings - CompaniesMarketCap.com

Ranking of the world's top publicly traded stock companies by earnings (TTM)

companiesmarketcap.com

Macau has a trade surplus. Does that mean they have better companies than the US?
Suppose the US experience a severe recession and wages falls, resulting in a contraction in consumer spending and imports. Does that mean that American companies produce better products now?

Chronic trade surpluses/deficits just means fundamentally there's a mismatch between domestic consumption and external consumption.

True in some sense but not for Japan. US has been running massive trade deficit for many years, while high tech industries are still very competitive. In the case of Japan, most big brands are already fallen except for car industry.

Now China is going to be world biggest car experter. I am not sure how long Japan can maintain her high standards of living.

In US very few people are aware that most US industries have fallen other than few.

 

[REhorror]

True in some sense but not for Japan. US has been running massive trade deficit for many years, while high tech industries are still very competitive. In the case of Japan, most big brands are already fallen except for car industry.

Now China is going to be world biggest car experter. I am not sure how long Japan can maintain her high standards of living.

In US very few people are aware that most US industries have fallen other than few.

Too much doom and gloom, people said japanese were gonna stop making phones, yet now they still have more phone brands (Sony, Sharp, even Kyocera) than S. Korea with the departure of LG.

As long as they keep making quality stuff, there will be buyers, especially in the hi-end enthusiast markets.

 

[beijingwalker]

Too much doom and gloom, people said japanese were gonna stop making phones, yet now they still have more phone brands (Sony, Sharp, even Kyocera) than S. Korea with the departure of LG.

Japanese economy looks very bleak is a known fact, even Japanese themselves admit it. Germany is posing to surpass Japan in GDP this year and even India claims it will overtake Japan very soon. South Korea and Taiwan just surpassed Japan in per capita GDP this year.

 

[Song Hong]

Too much doom and gloom, people said japanese were gonna stop making phones, yet now they still have more phone brands (Sony, Sharp, even Kyocera) than S. Korea with the departure of LG.

As long as they keep making quality stuff, there will be buyers, especially in the hi-end enthusiast markets.

Looking deep into statistic, the marketshare is almost non existence for Japanese handset markers.

 

[REhorror]

Japanese economy looks very bleak is a known fact, even Japanese themselves admit it. Germany is posing to surpass Japan in GDP this year and even India claims it will overtake Japan very soon.

GDP doesn't decide product's quality.
I'm not sure about Germany but India will definitely surpass Japan, and in the future India will surpass the US too, so it would be just China vs India.

 

[Song Hong]

GDP doesn't decide product's quality.
I'm not sure about Germany but India will definitely surpass Japan, and in the future India will surpass the US too, so it would be just China vs India.

You never work with Indians. Their engineers and managers will stand and smile, do nothing when something goes rotten. To Indians, doing handson is biggest insult to them. This is Brahmin culture.

Indians only care about becoming managers and keeping their rice bowl. Everything is non issue.

 

[REhorror]

Looking deep into statistic, the marketshare is almost non existence for Japanese handset markers.

View attachment 887194

Japanese handsets are selling in their home country along with some smaller markets like Taiwan and Hong Kong.
In Vietnam, I still see Sony phones being popular in the gray market.

You never work with Indians. Their engineers and managers will stand and smile when something goes rotten. To Indians, doing handson is biggest insult to them. This is Brahmin culture.

It's economy of scale, my friend.
In capitalism, bigger is better, quality be damned.

 

[beijingwalker]

I'm not sure about Germany but India will definitely surpass Japan, and in the future India will surpass the US too, so it would be just China vs India.

LoL, You sound more and more like Indians.

 

[REhorror]

LoL, You sound more and more like Indians.

Why, because I don't think India should be underestimated?
US underestimated Japan.
Japan underestimated China.
Now China underestimates India.

The same song and dance.