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(This issue is submitted to a Washington D.C., Seattle, and Zurich think-tank as the English edition of “Straight from Shoulder”.) "Straight from the shoulder " by Toshio Masuda-Samurai Lecturer
April, 2021 ( Free of charge to the people I met)
MONEY AND SAMURAI TALK
Central banks like FED, ECB and BOJ are all creditors of their own states, in this case the US, the European Union and Japan. In keeping with the fundamental general principle regarding ‘conflict of interest’ central banks, as creditors, remain fully independent of their countries’ governments, who own not a single share in their capital, EXCEPT for Japan! The Japanese government owns 55% Bank of Japan shares, held on its behalf by the Treasury Minister. In Japan, Mr. X, who is the CEO of some manufacturing company, may also be the director of its client’s company and receive remuneration from both of them. This is known as ‘wearing two hats’. Working for the manufacturer he endeavors to sell its products at the highest possible price; working for the client, he tries to buy them as cheaply as he can. This would ensure him bonuses from both parties. Almost all Japanese businessmen learned about the ‘conflict of interest’ concept in the course of their studies, yet almost none of them adhere to it. Money does not like an economy where a debtor turns out to be a creditor and a competitor happens to be a colleague. Consequently, in recent days NY stock markets have been soaring to the all time high, while Nikkei has been stagnating at yesterday prices. It appears money is running away from Japan to the US, where a debtor is a debtor and a creditor is a creditor and the rules governing conflict of interest are very strict.  One year younger again !! SAMURAI Masuda www.chokugen.com/e/ tmasuda2010@live.jp Anyone wanting to redistribute Straight from the Shoulder pieces or
excerpts from the texts should direct their request in advance to the Toshio Matsuda Office at Sunraworld, Ltd. (Tel: 81-(0)3-3955-6686). |
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Written by Toshio Masuda
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