The United States will invest $550 billion to impose 15% mutual tariffs. After the United Kingdom, this is the lowest tariff. Additionally, Japan has decided to open up its automobile, truck, rice, and certain agricultural markets.
The Japanese government has prevented such openness, but from a neoliberal point of view, it is an foolish policy that destroys Japan. As a result of Japan's lost 30 years and Abenomics, the economic growth rate has fallen to the worst level in the world, and in recent years, per capita national income has lagged behind Korea not only in PPP but also in name. The reason for Japan's collapse and the process of its collapse can be explained in one word in terms of the 'crushing policy'.
On the other hand, to explain in one word the reason for China's growth and the process of prosperity, it is the 'open policy'. Since joining the globalization of neoliberalism in 2001, China has rapidly grown from $1,000 in per capita income to over $12,000 and is competing for supremacy with the United States.
There are many people who like Abenomics and other policy of isolation because the Japanese stock market has grown, but even if the stock market grows, the economy can die. - Likewise, even if the economy does not grow significantly, the KOSPI may reach 5,000 due to the revision of the commercial law and the stock market and asset policy alone.-
Japan has used a 'triple closure policy' of isolation through quantitative easing, isolation through market protection, and isolation through racism.
If the yen's value is depreciated through quantitative easing, foreign capital cannot enter Japan. If the yen is depreciated, the Japanese capital will not be able to enter the country. The progressive leftists, who are brainwashed by Park Hyun-chae's theory of self-sufficiency and national economy, say they should oppose globalization of neoliberalism and attraction of foreign capital, but from a neoliberal perspective, they are acting in the name of patriotism.
Market protection... Likewise, it continues to weaken the constitution of its own industries like houseplants in greenhouses and reduce the size of its economy. Racism.. Likewise, preventing the influx of foreign immigrants will keep the country getting older, people to work for, and economic opportunities will decrease.
- Japan is the most racist country in the world along with Korea. Many Koreans wonder if Korea and Japan are the most racist countries in the world, but the essence of racism lies in the mind set, not the intensity of the act. Japan and Korea are the world's No. 1 in the proportion of people who refuse to let foreigners move into their neighbors.-.
This is a good thing for Japan. Japan can only be revived when it is opened up. It is ironic that such an opening is made by an American-first protectionist like Trump.
What about Korea? How? I hope it will be somewhere between 15 and 20 percent, just like Japan and Vietnam. Don't as an investor put hope in fact. But it's not just hope.
For this reason, I have continuously invested in Hyundai Motor, which has been hit hard by tariffs, and whenever I have money, I have picked up Hyundai Motor and Kia's stock prices as soon as they fall. Hyundai Motor ranks second in my portfolio.
The stock market remains to be seen. The stock market does not lie.