2025年12月05日(金)のツイート

USQUA-RE-CONSULTING　不動産相談@usquare_kayaba

平常に＠鶴見20251205 usqua-re.com/dailyimpressio…

USQUA-RE-CONSULTING　不動産相談@usquare_kayaba

要件が厳格化された外国人の経営者ビザ、次の論点は外国人労働者の6分の1を占める「技人国ビザ」の外国人派遣社員【著者に聞く】『外国人急増、日本はどうなる?』の海老原嗣生が語る、在留外国人を巡る間違いだらけの議論(1/4) | JBpress (ジェイビープレス) jbpress.ismedia.jp/articles/-/920… @JBpressより

posted at 21:52:16

12月5日

USQUA-RE-CONSULTING　不動産相談@usquare_kayaba

勉強熱心なんだ。今まで何やってたの？アングル：日銀利上げ容認へ傾いた政権、背景に高市首相の「変化」 jp.reuters.com/opinion/forex-…

posted at 14:51:25

USQUA-RE-CONSULTING　不動産相談さんがリツイート

12月5日

Dave 世说新•宇@DaveSu0425

@shanaka86 @KobeissiLetter More detailed explanations for you: 1. Debt Composition and Holders: “Borrowing from Strangers” vs. “Owing It to Ourselves” • Western Logic (The Basis of Collapse Theory): High debt equals high risk. Once yields rise, borrowing costs spiral out of control, international capital flees, and the state goes bankrupt. This is based on the assumption that external creditors can pull their capital at any moment. • East Asian Logic (Especially Japan): • The vast majority (approx. 90%) of Japanese Government Bonds (JGBs) are held by domestic citizens and institutions. Japan possesses a massive pool of domestic savings. • This is akin to “the left pocket owing money to the right pocket.” There is a strong tacit understanding and control between the Bank of Japan (BOJ) and domestic financial institutions. • Your Insight: This isn’t a sovereign state choosing “how to collapse”; this is a sovereign state engaging in internal balance sheet restructuring. As long as there is no hyperinflation or massive capital flight (which is unlikely since Japan is also a huge net external creditor), high debt numbers alone will not lead to a Western-style default. 2. The Role of Government: Night Watchman vs. Grand Strategist (The Developmental State) • Western Logic: The economy should be regulated primarily by the “invisible hand,” with the government acting merely as a referee. If a government raises rates while simultaneously deploying fiscal stimulus, it is viewed as “policy schizophrenia” and economically inefficient. • East Asian Logic: The government is the operator of a “Developmental State.” • In East Asian culture, economic policy is not just for efficiency but for social stability and national strategy. • Regarding Japan’s Current Situation: The BOJ is raising rates to curb imported inflation and excessive Yen depreciation (for exchange rate stability), while the government introduces a $135 billion stimulus package to hedge against the economic cooling caused by rate hikes (for growth and public welfare). • What looks like a contradiction to the West is seen as fine-tuning in East Asian logic. The government is not only capable of but is also expected by society to intervene in the market to achieve these dual objectives. 3. Social Contract: Shareholder Primacy vs. Employment & Stability • Western Logic: The purpose of a corporation is to maximize shareholder value. If it’s not profitable, it should go bankrupt, and workers should be laid off. Market clearing is considered essential. • East Asian Logic: Maintaining employment and social order often takes precedence over short-term profits. • The reason the “China Collapse” theory fails repeatedly is that the West underestimates the East Asian governments’ ability to utilize “State Capacity” (the whole-of-nation system) to backstop systemic risks. • In Japan, even with so-called “zombie companies,” as long as they sustain employment, banks will often coordinate with the government to roll over loans. Westerners see this as “inefficiency”; East Asians see it as “stability maintenance.” If society remains stable, the economic fundamentals will not collapse. 4. A Unique Financial Closed Loop • Western Logic: The famous “Widowmaker Trade”—shorting Japanese Government Bonds. For decades, countless Wall Street elites believed JGB yields had to spike, only to lose their shirts. • East Asian Logic: The BOJ is not just a market participant; it is the Market Maker. It has unlimited money-printing power to control the Yield Curve (YCC). Western traders are betting against the entity that sets the rules, so naturally, they lose.

retweeted at 11:00:35

USQUA-RE-CONSULTING　不動産相談さんがリツイート

12月5日

The Kobeissi Letter@KobeissiLetter

It’s a complete free-for-all in Japan. Japan’s 10Y Note Yield just hit 1.92%, its highest level since July 2007. 10Y yields now up from -0.28% to +1.92% since 2019 as Japan prepares to raise rates into a $135 billion stimulus package. How long can Japan keep holding on? pic.x.com/x2SWhfIigO

retweeted at 11:00:17

12月5日

USQUA-RE-CONSULTING　不動産相談@usquare_kayaba

ＩＭＦ、日本の財政措置を評価　財政赤字への影響は限定的 jp.reuters.com/markets/japan/…

posted at 10:26:11

12月5日

USQUA-RE-CONSULTING　不動産相談@usquare_kayaba

目線が長い、さすが。高市発言で日中関係悪化も、上海に行って分かった「中国が強気の態度」を取る理由 | 三木雄信の快刀乱麻を断つ | ダイヤモンド・オンライン diamond.jp/articles/-/378…

posted at 10:22:08

USQUA-RE-CONSULTING　不動産相談さんがリツイート

12月5日

Mark Huhn@markhu64

@Reuters And why would anyone believe these numbers?

retweeted at 10:06:27

USQUA-RE-CONSULTING　不動産相談さんがリツイート

12月5日

Reuters@Reuters

New US unemployment claims dropped to 191,000, a more than three-year low, beating expectations and suggesting a steadier labor market than other data ahead of a Fed meeting where rate cuts are under debate reut.rs/4rCaeYv pic.x.com/hyYUyXrqby