Thought for the day

"The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’ becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine," -- Paul Krugman

Japan, South Korea, Taiwan chip makers see hi-tech decoupling with China inevitable MikeRivero Mon, 11/21/2022 - 08:02

Major players in the semiconductor supply chain in East Asia appear to be seeing it as inevitable for them to decouple with China in advanced industries involving sensitive technology, given concerns about the rapid pace of Beijing’s military modernisation.

The United States is taking the lead in building a “Chip 4” alliance with Taiwan, South Korea and Japan for increased economic security over a possible global chip crunch in the event of a contingency between Taiwan and China.

China wants stronger ties with Japan, Premier Li Keqiang tells Japanese Prime Minister Fumio Kishida MikeRivero Mon, 11/14/2022 - 07:09

China is committed to stronger ties with Japan, Premier Li Keqiang told Japanese counterpart Fumio Kishida in Phnom Penh on Saturday, in the first meeting of a senior Chinese leader with the Japanese prime minister sworn in last year.

Chinas FM Says South China Sea Claimants Should Jointly Resist the US MikeRivero Fri, 11/04/2022 - 08:49

Chinese Foreign Minister Wang Yi has called on other claimants to the South China Sea to “jointly resist” US pressure in the region, The South China Morning Post reported on Thursday.

Anti-Russian Alliance Fractures After Japan Decides To Stay In Russia's Sakhalin-1 Energy Project MikeRivero Tue, 11/01/2022 - 07:29

While Europe continues the unvarnished hypocrisy of pretending it is imposing draconian sanctions against Russian oil and gas, when instead it is merely buying the country's natural resources via such middlemen as India and China (an exercise in virtue signaling that costs it a 20% mark-up to Russian prices), less than a year since the start of the Ukraine war, some countries have had enough of pretending.

US Air Force Deploys 8 MQ-9 Reapers to Japan to fight China in the East China Sea MikeRivero Mon, 10/31/2022 - 12:12
Sayonara Okinawa: US is sending its F-15s home MikeRivero Mon, 10/31/2022 - 08:00

Now it is the turn of the two squadrons of F-15s based in Okinawa. These planes arrived at Kadena Air Base on the island in 1979. 

Since then they have been upgraded with new radars, but no other major fixes. They serve as the lynchpin of US defenses in the region, with the primary duty of stopping a Chinese attack on Japan or Taiwan.

There are two squadrons at Kadena that are going away. The 44th Flight Squadron is known as the Vampires while the 67th Flight Squadron is referred to as the Fighting Cocks.

U.S., Japan, S. Korea warn of 'unparalleled' response if N. Korea holds nuclear test MikeRivero Wed, 10/26/2022 - 10:13

The United States, Japan and South Korea warned on Wednesday that an "unparalleled" scale of response would be warranted if North Korea conducts a seventh nuclear bomb test.

What's Going On: Japan FinMin Says FX Intervention "Coordinated" With US; Yellen Says No Idea What He Is Talking About MikeRivero Wed, 10/26/2022 - 07:28

Something strange is going on: while we already know that the BOJ has spent north of $50 billion in reserves to stop the yen from crashing in response to the BOJ's own policy of recklessly and wantonly throwing infinite yen at the JGB market to preserve Yield Curve Control and avoid a crash in long-term Treasuries, one question many have been asking is whether Japan is spending all this money (the BOJ is effectively doing the Fed's job for it, injecting billions in USD into the market which is painfully short the greenback) without any coordination with the US.

US OKs Potential $450M SM-6 Missile Sale to Japan MikeRivero Tue, 10/25/2022 - 09:59

The US State Department has approved the potential foreign military sale of Standard Missile 6 (SM-6) Block I missiles to Japan for an estimated cost of $450 million.

According to the US Defense Security Cooperation Agency (DSCA), the Japanese government has requested 32 SM-6 missiles delivered in two tranches of 16.

Tokyo is also seeking MK-21 Vertical Launch System canisters, canister handling equipment, spares, and other kits necessary for training.

U.S. Diplomat Sherman to Discuss N.Korea, China, Taiwan in Tokyo Visit MikeRivero Fri, 10/21/2022 - 08:38

 U.S. Deputy Secretary of State Wendy Sherman will discuss North Korea's recent missile launches, China and tensions over Taiwan, in meetings with her Japanese and South Korean counterparts in Tokyo next week, a senior State Department official said on Thursday.

Sherman's Oct. 24-26 Tokyo trip will include a trilateral meeting with Japanese and South Korean counterparts and bilateral meetings with each country, the official told reporters.