What you said is nothing more than "nationalistic crap" by a daydreaming idiot. The market cap of Shenzhen and Shanghai exchanges combined is bigger than Japan and HK has not been included yet . Check your facts correctly. Do you even know what is "market capitalization"? The Nikkei was almost at 40000 during the heydays in the 90s but now it is struggling to break 10000. You call this "dwarf the rest of Asia". Securities are quoted "Asia ex Japan" for one very simple reason. Japan GDP growth in the last few years is lethargic and dismal compared to the rest of Asia . It is very very low by Asian standards. If it were to be included in Asia stats, it will distort the figure. Why dont you say that US should be excluded from Latin America stats because the economy is so disproportionately big? You dont even understand your own argument.

I do understand that Japan debt is mostly domestic owned but the assests that the banks carry are of questionable value anyway. Ive heard that some of the banks are still not done with writing down the bad debts from the property bubble burst. If Japan is so rich, why did the govt proposed to double the GST recently anyway? Becuase they will go bankrupt eventually if they dont. It is no longer the land of the rising sun, it is now a land of the sunset. haha maybe plead to your Uncle Sam to let you devalue the JPY. You kowtow to them during the plaza accord by letting the JPY rise although they do not hold any of your govt debt. You hold a lot of treasury bonds and its time to show them who is the boss.

This post has been edited by investmentbanker: Apr 27 2012, 01:04 AM