Japan

“The Eurozone is going to collapse. Okay. Japan is finished.”

“It's also true that the countries that had robust civil services filled with people who are at the top of their class also did well. Singapore, South Korea, where it is a stature, it's a point of pride to work for the government, where it's some of the best pa…”

“These demographics can't be fought. You're gonna have a contraction, constricting economy in Japan and their place in the world is gonna be very, very different.”

“What happened with Japan is that Japan just hit a demographic wall, not dissimilar to what China is about to hit in the next 15 or 20 years.”

“I, you know, right now we're borrowing six six billion dollars a day, mainly from the Chinese and Japanese, just to serve the interest on that debt.”

“On a relative basis, Japan's debt to GDP is 270% and growing.”

“So, in the thirties, four major democracies, because of that dynamic, chose to be, their parliaments chose to be autocracies. That happened in Germany, Italy, Spain, and Japan.”

“Well, we ended up negotiating with Japan and Korea and everyone, and we got basically 95% of the market access that was in TPP without giving up any of the things that would have absolutely decimated our auto industry.”

“I don't think that we're using the right measurements, and I do think that we're taking economists a little more seriously than they deserve, because they're not describing what Japan actually is, which is freaking awesome, and way more functional than our soc…”

“Their debt to GDP ratio is currently 263%. They have about 1.3 quadrillion yen of public debt on an annual GDP of about 591 trillion yen.”

“They're already spending 25% of their federal budget on servicing existing debt with the low interest rates”

“And the result of this is going to be more inflation in Japan. Their currency is going to continue to depreciate.”

“Japan's inflation hit a forty-year high, and this just shot up in the last 18 months. Inflation is running at, ah, close to four percent a year.”

“In Japan today, Yahoo Japan is powered by Google, and Google's powered by Google, but the advertising systems are different, hence it's non-competitive.”

“If he had followed the same rules for crypto that Japan did, FTX would still be in business. Sam Bankman-Free might still be in jail, But FTX, three euros capital, they, they'd still be in business, because he did the wrong thing.”

“These were specifically designed, Ben, to be a diversification strategy. Japan was paying their companies to build factories outside of China, and Apple was doing India, Vietnam to build AirPods and laptops, and even the iPhone being made outside of China. Tha…”

“So they've committed five hundred and fifty billion dollars to finance Projects in America that are important to the president and to American infrastructure.”

“We could do anything, and they will finance it, and we split the profits of the project, 90% for America, and 10% for Japan.”

“Look, between the Korea trade deal, the Japanese trade deal, the European trade deal, you know, we have close to now two trillion of investment capital that these countries will make into the United States.”

“So, the Japanese market for cars, as an example, 94% of cars driven in Japan are Japanese. They don't drive German cars, they don't drive Korean cars, they don't drive American cars.”

“So what we came up with was Five hundred and fifty billion dollars. That this is not foreign direct investment. This is not Toyota building a factory in America. This is, they literally will finance Any project we want to build in America, as long as it's like…”

“Korean stock market of 70%. Japan up like twenties or thirties. Europe up more than 15.”

“In the Philippines, or in Mexico, or in Brazil, or in Japan, and other markets, or Australia, Korea, there are stablecoins coming”

“And later on, I found out I still need a bachelor's degree to apply for work visas in Japan. So I went to one, this is like the doc, this is 2000, this is the dot com, like height. So I went to an online education program called the American College of Compute…”

“If things are on the current path, well, maybe South Korea or Japan will have nuclear arsenal in their backyard.”

“What they also really envy is our risk appetite here in the United States where people are, have an equity investment culture, and that is really largely absent in Japan. And in Europe”

“And then this week, Japan is investing six billion dollars in a consortium. It's called the Neo Terra, N-E-O-T-R-A consortium. And they're doing that and skipping ahead to physical AI, ie robotics.”

“Last five years in a row, number one direct foreign investor in the United States, Japan. Last five years in a row, number one direct foreign investor in Japan, the United States.”