Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
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> "Christian Party" <[EMAIL PROTECTED]> wrote:
> ><[EMAIL PROTECTED]> wrote in message
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> >> On Tue, 25 Nov 2003 11:12:03 -0800, "Christian Party"
>
> >> And in any case, foreign trade is only a fraction of Japan's GDP, and
> >> much of what the US pays Japan Japan pays back for US products.  Your
> >> explanation is garbage.
> >
> >Our negative balance of payments is almost half a trillion dollars each
year
> >now, and most of that is with Japan.
>
> As usual, you don't actually check before spouting off.  Only about
> 1/8 of our negative balance of payments is with Japan, using a recent
> month as an example:
> http://usembassy.state.gov/tokyo/wwwh20030313a6.html
> We have equally large negative balances with Europe and Canada, and
> our negative balance with China is almost twice as large as with
> Japan.
>

The original statement stands.  Many Japanese companies now do their
manufacturing in China, so the majority of the $187 billion in negative BOP
we have with China is actually from Japanese companies
http://www.census.gov/prod/2003pubs/02statab/foreign.pdf

Let's use a simple example of how easy it is to hide Japanese exports and
imports.  Before Daimler bought Chrysler, their cars sold in the US were
listed as "made in the US", and their sales figures showed up as US sales.
BUT if you ever opened the hood of a Chrysler, you would know that the ONLY
thing not made in Japan (all the way from the engine to the oil filter) was
the alternator--which was made by Bosch.

Three quarters of the products coming from China which are stamped "made in
China" are from manufacturers owned by Japanese companies.

John Knight