Japan Dominate

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Japan Dominate
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And now for something completely different. The Counterparties blog today highlights an old post from Eamonn Fingleton arguing that Japan’s “Lost Decade” is a myth. This is not the story I’ve heard before, suggesting merely that Japan has done pretty well considering its demographic problems. Not at all. This story suggests that Japan is just flat out lying about its economic growth. For example, here’s a piece of data from Fingleton’s blog:
In 2007 it was discovered that the long-term record in electricity output completely gainsaid the “lost decades” story. Adjusted to a per-capita basis, the figures showed that Japan’s electricity output in the 1990s rose 2.7 times faster than America’s!….Electricity output is widely accepted as an impartial, culture-neutral proxy for economic growth and it is indeed relied on by international organizations such as the IMF and World Bank when a government may not be following international accounting standards in calculating GDP growth.
Fascinating! But why is Japan supposedly lying about its economic growth?
For those who know Japanese history, a clue lies in trade policy. The fact is that, constantly since the 1870s (with the exception of a brief interlude in the late 1930s and early 1940s), Japan’s pre-eminent policy objective has been to keep ramping up exports. That policy came very close to derailment in the late 1980s as a groundswell of opposition built up in the West. By the early 1990s, however, the opposition had largely evaporated as news of the crash led Western policymakers to pity rather than fear the “humbled juggernaut.” It is a short jump from this to the conclusion that Japanese officials have decided to put a negative spin on much of the economic news ever since.
What is undeniable is that just as corporate executives enjoy great latitude to juggle their profits up or down for different disclosure purposes (generally up for shareholders, and almost invariably down for the Internal Revenue Service), government officials enjoy even greater latitude to vary a nation’s ostensible growth rate. The fact is that the calculation of economic growth depends on a myriad debatable assumptions (value judgments are critical because most growth these days takes the form of better goods and services, rather than more, e.g. better health care) and, while most governments like to plump up the numbers, it is a simple matter to plug in ultra-conservative assumptions.
So the story here is that bureaucrats reacted to the wave of Japan bashing in the late 80s by bowing and scraping in public and pretending to be in dire straits. And it worked! Everyone felt sorry for them, and we’ve left them alone ever since.
Fingleton has been making this case for a long time, but unfortunately I can’t find an awful lot of details on his blog site. His basic argument has to do with Japan’s extremely healthy trade surplus, its strong currency, and its leading position in “producers’ goods,” a super-technologically demanding sector that includes highly miniaturized components, advanced materials, and super-precise machines that other countries (such as China) use to make final consumer goods.
Is Fingleton right? I have no idea. This is light years above my pay grade at the moment. He sounds a bit cranky on the subject because everyone’s been ignoring him for so long, but that doesn’t necessarily mean he’s wrong. On the other hand, if Japan really has been manipulating its official statistics for two decades, this is one of the biggest, most complex conspiracies in history to stay secret for so long. By now, it would amount to something like a 20-30% cumulative difference between reported GDP and actual GDP, which would be damn hard for the rest of the world not to notice, and it would require the active collusion and silence of thousands and thousands of bureaucrats with not so much as a single leak over the course of 20 years.
Still, it would be interesting to see someone debate him on this subject. Not in a live debate, mind you, which I consider about the worst possible medium ever invented for getting at the truth, but in a printed debate. Bring your best evidence. Show us your tables and your charts. Take the proper time to both make and respond to arguments. I’d read it.
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President Donald Trump, right, with first lady Melania Trump, waves to the U.S. troops at the U.S. Yokota Air Base, on the outskirts of Tokyo, Sunday, Nov. 5, 2017.
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President Donald Trump, center, puts on a jacket beside first lady Melania Trump, as President Trump meets the US troops at the U.S. Yokota Air Base, on the outskirts of Tokyo, Sunday, Nov. 5, 2017.
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The commander in chief spoke to US troops at Yokota Air Base in Japan on Sunday.
— -- Sporting a bomber jacket as he addressed U.S. troops at Yokota Air Base just after landing in Japan, President Donald Trump touted the might of the U.S. military as he began his tour of Asia at a time of heightened tensions with North Korea.
“We dominate the sky. We dominate the sea. We dominate the land and space,” the president said. “Not merely because we have the best equipment, which we do, and by the way, a lot of it's coming in. You saw that budget. That's a lot different than in the past. A lot of beautiful brand new equipment is coming in. And nobody makes it like they make it in the United States. Nobody.”
While the president did not directly address North Korea's leader Kim Jong Un , the president's choice to address troops in his very first action in the region set the tone of his trip as he seeks to send a clear message to the North Korean regime to back down from its nuclear ambitions.
“No one, no dictator, no regime, and no nation should underestimate ever American resolve,” the president said, standing on a stage in an airplane hangar on the base. “Every once in a while in the past they underestimated us. It was not pleasant for them. Was it? It was not pleasant. We will never yield. Never waiver, and never falter in defense of our people, our freedom and our great American flag.”
The setting for the speech at Yokota Air Base, which has served as a center of coordination for the U.S. and Japanese militaries for decades, also amplified the president's message as he made clear that the U.S. stands in locked step with Japan in the region.
"Today this base serves as a critical center for coordination, for American and Japanese commanders to plan their missions," the president said. "For almost 60 years the military alliance, we see on this base, has endured a corner stone of sovereignty, security and prosperity for our nations. This region, and, indeed, the entire world. Today we pay tribute to that legacy."
The president reiterated his unwavering commitment to fully equipping the military to carry out its mission.
“As long as I am president, the servicemen and women who defend our nation will have the equipment, the resources, and the funding they need to secure our homeland, to respond to our enemies quickly and decisively, and when necessary, to fight, to overpower, and to always, always, always win,” he went on to say.
Upon taking the stage in an airplane hangar, the president was presented with a bomber jacket, which he then put on in place of his suit jacket as he offered his direct thanks to the U.S. and Japanese service members in the region.
“There is no single place I'd rather begin my trip than right here with all of you, the incredible men and women of the United States military and your amazing partners, the Japanese self-defense forces,” Trump said. “To everyone here today who serves your country in uniform, thank you, thank you, thank you. We salute you.”
“Each of you embodies the warrior creed. Your devotion, prowess and expertise make you the most fierce and fighting force in the history of our world,” the president told the troops.
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Dominate Japan Focus: How does it work?
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A place to share content, ask questions and/or talk about the grand strategy game Hearts of Iron IV by Paradox Development Studio.
Basically my question is the title. I'm playing as Qing China and I am about to finish off the Chinese United Front and control either directly or through puppets the entirety of China, as well as Korea. Following my victory, I want to take care of Japan, so how should I go about it? The Dominate Japan focus seems obvious, as air superiority or naval superiority would be almost impossible to achieve, but what does this focus actually do, and what should I do to make sure the focus succeeds?
From Wiki , for this focus to work, you have to be in peace with JAP. They would have a small chance to accept to become your puppet and switch to your ideology, (I wasn't able to find the code in file, and only tested with CHN and PRC by saving right before focus finished, regardless my strength, JAP has around 5% chance to accept.)

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