・Dollar bonds are maturing more and more even without exchange intervention, and even with the method of transferring that amount until now, changing to yen when it comes back at maturity and buying dollars again, unrealized gains due to depreciation of the yen become a reality. This is how the Foreign Exchange Special Session becomes ridiculous (P29)
・The current interest rate level in Japan is only in the 2% range, and there is no need to view it as a problem unless it reaches 4%. There is some caution when it exceeds 4% and then falls between 7% (P53) Even if interest rates increase, interest rate income from assets also increases, so there is no problem (P71)
・The main cause of the rise in food prices is called a cost push, and it is simply a story where the cost of some foodstuffs has risen slightly; prices are an index called the “Western version of the core,” which excludes foodstuffs and energy, but it should be judged by that; in this index, it is 1.6%, and it has not reached 2% of the price stability target. Therefore, it is a normal view to determine that prices have not risen (P74) There are price-linked government bonds for inflation forecasts, and it is called BEI (break-even inflation rate), but it is currently around 1.7% and has not reached 2% (P75) If this is 3% 4%, there is no dependency on tightening, but interest rates must not be raised at present (P93)
・If interest rates are raised while prices are not rising, it will become deflation again; the monetary policy that should really be implemented now should be cut slightly; if interest rates are cut, prices will drop slightly overall, and salaries will rise more easily (P77)
・There is no saying that there is a 100% relationship between the depreciation of the yen and high prices, but it is insignificant, and the weight of imported goods in Japan is less than 20% (P86)
・Economists said that imported goods from America would increase if tariffs were applied, but since the American market is attractive, surprisingly, the export side wears tariffs; in short, prices have not risen, and in other words, prices have not risen, and it was said that it was difficult due to Trump tariffs, but in the end they all disappeared due to the depreciation of the yen (P111)
・International law is civil law without courts, and the author thinks that what is in international law is “respect for human life,” and if human life is not respected, the results are OK even if international law etc. are ignored (P115)
・Many people assume that bad trade deficits are bad and surpluses are good, but this is incorrect. To be clear, either a surplus or a deficit is fine; a surplus comes out, in other words, the fact that imports are low is a reflection of the fact that the domestic economy is bad, and it is actually painful to the extent that the exchange rate is too cheap and the domestic economy is not running well, and imports cannot be carried out. It means you can't buy it even though you can't consume it domestically without exporting it (P180)
・In an economy that relies on investment, such as China, when investment increases slightly, investment reads investment and the economy as a whole is prosperous; on the other hand, consumption is stable. Economies with a large consumption ratio are mostly in developed countries and are relatively stable, and economies that depend on investment grow greatly when growing, but when they become negative, the decline becomes very severe due to the “inverse acceleration principle” (P187)
・It's pretty easy to forecast overall economic movements, and it's good to look at stock prices (or GDP), employment (unemployment rate+ ratio of effective job offers), and inflation rates (P197)
・The reason why mass communication is no longer needed is that many people think it should be conveyed as it is, so it is becoming a feeling that people with primary comments/primary information should speak for themselves (P209)
・Prime Minister Takaichi's answer to the crisis situation was extremely accurate, and he was just talking about the need to help the American military if an American warship was attacked when there was something like an emergency in Taiwan, and he wasn't talking about helping Taiwan at all (P217)
