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Kyushu Electric Power's Sendai Nuclear Plant is the first nuclear plant to be brought back into operation on August 10, 2015, as Japan brings back nuclear plants with strict safety standards under the Abe administration. Household electric bills had gone up by 25% with nuclear plants shut down.

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The Bank of Japan reduced interest rates by 0.2 %, from 0.5 % to 0.3%, lowering the overnight lending rate. Citing higher energy prices and lower export demand it lowered the growth forecast to zero for 2008. This is the first time in 7 years that the Bank of Japan is doing this. Japan has never recovered from the real estate and stock market bubbles of the 1980's and interest rates in Japan have been at levels near zero for many years. With low interest rates and a huge deficit Japn has few options left. The small nature of the rate cut is unlikely to increase borrowing or stimulate the economy say experts, but is more of a symbolic move that Japan will coordinate its efforts with other global economies. Even so half of the governing board voted for and half against this cut with central bank governor Maasaki Shirakawa casting the deciding yes vote. Upto now Japn's significant help has been in the form of suppplying yen and dollars to money markets to ease the global credit crisis. Another move is a $51 billion stimulus package that will give income tax rebates to households. Japan would like to pick up the slack in global growth from USA's weakness but is unable to do so because like other Asian economies its growth is export based with low consumption spending at home. This is true also of China and China's need for infrastructure spending is not as great as it once was leaving imports of machinery at lower levels, which gives less support to export driven growth from Germany or the USA....

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The world today is in a much better position to complete the transition to zero dependence on the volatile Middle East for oil. Today in 2026 the world's largest nations 1. US   2. China  3. India  4. Germany are all free of Middle East oil (India through waivers for Russian sources). European Union and UK is at about 12% which can be quickly substituted from the US+ Venezuela and other sources. US is self sufficient in oil and gas and exports oil to the UK, India, Germany and the European Union. Canada is self sufficient. Germany gets only 6% of its oil from the Middle East, the UK 12%, Spain 13% and Italy 14%. The Iran war is likely to shift more of the needs of UK, Spain and Italy to other more stable sources including oil from the US and Venezuela managed by the US, and other sources. This means that US policymakers can act in the best interests of all the nations of the world for preventing the spread of nuclear weapons and long range ballistic missiles. Germany is moving rapidly to renewable energy and this could bring its dependence on the Middle East to zero. India will meet its needs from Russia for the time being till it also shifts to oil from US+ Venezuela. India get 55% of its oil from the Middle East or about 2.7 million b/d. Russia was an important source of oil for India till the US trade agreement called for it to shift- a 30 day waiver and extension means India can get this oil from Russia without sanctions for the duration of the war. Reducing European demand and Indian demand frees up oil for Japan and South Korea on the world market the other 2 countries dependent on Middle East oil- Japan importing 95% of its oil consumption with imports of 2.5 million b/d and South Korea importing about 2 million b/d or 70% of its consumption. This means Japan and South Korea need a new strategy as they are overexposed to one source just as Germany was and learned a difficult lesson to diversify its sources. Japan has learned to reduce consumption for the same level of GDP and some of this can be through conservation, also tried in Germany in the last 4 years. During the 4 years. of Ukraine war Germany had to find ways to diversify sources Japan and South Korea will need rapidly to do the same in the Iran War. This means that only Japan and South Korea because of their lack of policy direction and vigilance have allowed this overdependence on the Gulf region,  (even as Germany diversified its sources, DJT and Israel were firm on nuclear weapons policy) they failed to see signs that they should diversify. Today in 2026 the world's largest nations 1. US 2. China 3. India 4. Germany are all free of Middle East oil (Indi through waivers for Russian sources), European Union and UK is at about 12% which can be quickly substituted from the US+ Venezuela and other sources.    ...

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Cabo Verde, Haiti,  Bosnia and Curacao, all qualify for World Cup Soccer 2026 but what about Italy, China and India?  WSJ looks at China and its efforts under president Xi over the last decade to play in the World Cup, to host the World Cup and win the World Cup. This report says Italy's Serie A soccer inspired soccer in China. What happened? In comparison to S. Korea and Japan which sent players to Europe, China kept most of its players at home in China, and had more success with its women's team that reached the finals of the World Cup Women's soccer. The difference with South Korea and Japan is that Korea and Japan invested heavily in youth development as a pipeline for new players which is lacking in China and in India. Corruption has also affected the management of the soccer leagues in China. 

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The moon landing was planned as sideways because of the uneven terrain, it landed upside down with its solar panels in a improper direction so that the energy needed for further activities is lacking. It is still considered an achievement because of the difficulty of the terrain in that part of the moon.

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Residential property investments are showing a consistent return in Japan. In 2013 residential property investments had a total return of income plus capital gains of 8.0% vs. 9.7% in the U.S., according to Investment Property Databank Ltd. In 2009 the worst year, returns were -3.8% in Japan vs. -16.3% in the U.S. Income gains support returns for residential investments. Investment is increasing with real estate investment up to 3.5 trillion yen in year to date Sept 2014, up 13% over the same period prior year. Blackstone is buying General Electric's residential real estate properties (about 10,000 non-luxury rental units in major cities), as trends show more people moving to cities.

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Japan's foreign minister Taro Kono says Japan will propose an alternative to China's One Belt, One Road Initiative. He is particularly looking at the role of Japan, Australia, India and the U.S. in coming up with an alternative. Kono sees France and the UK as additional partners. 

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Japan's Sanseito anti-immigration party gets 7 seats, enough to deprive the ruling LDP-Komeito alliance of its parliamentary majority. Prime Minister Ishida of the LDP party may not last more than a few months. The LDP seems to have lost its way like the Democrats in the US. A recent article in NYT says LDP wanted to bring in 60 million tourists to Japan each year to boost the economy. Yet Japanese people in cities have a hard time handling 40 million tourists in 2024, with reports of disturbance of the once quiet life in city neigborhoods and failure to adopt the culture and language of Japan. Reports of migrant/tourist or immigrant crime get much press coverage. Japan has 124 million people and birthrate of 1.26 below the birthrate of 2.1 needed to stabilize population. Business asks for new immigrants to fill unfilled positions. The public has different ideas and the migration is causing disturbance in traditional way of life in Japan. Similar to what is seen in the US and Germany in more striking ways. The nationalist parties including Sanseito say even if the population falls to 100 million this is more than the population of 90 million in Germany, and is enough to sustain its economy. Use of robotics and AI is not talked about as much but offers Japan, US and Germany, a way to make up for the loss of foreign labor. In essence both American, British, Spanish, German, French, Italian, Austrian, Dutch, Danish and Japanese society share a yearning for traditional ways of life that are being ruffled and disturbed by the migration, immigration, or over tourism affecting their countries. Politicians need to pay attention to people affected and not live isolated in their own neighborhoods from the people in other less sheltered communities and neighborhoods across their countries. ...

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Sending a message to companies that have acted with caution on investing in human resources, the Bank of Japan announces that it will spend $2.4 billion to buy funds that track the JPX-Nikkei Index 400, a recently setup index of companies meeting high standards of governance and profitability. The bank's announcement says it will buy shares of index funds "composed of stocks issued by firms that are proactively making investment in physical and human capital." Bank of Japan governor Kuroda said a a news conference: "The business environment is favorable, but there are still differences in the way companies have responded. The BOJ is doing what it can to support capital spending and investment in human resources."

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Lower oil prices, higher corporate profits, and restrained spending, lead to improvements in Japan's budget deficit. There is a 24% increase in corporate taxes in Japan's budget estimates for 2015 compared to Dec. 2012 when prime minister Abe assumed office. This will help reduce the budget deficit. The budget assumes an oil price of $69, making the budget plan achievable with prices below $50 in Jan. 2015. For the next fiscal year tax revenue is expected to increase by 5.4% over the prior year, with half of the increase from the sales tax increase and the other half from the higher economic growth. Budget projections assume 3.6% global economic growth, exports up by 5.2% in real terms, and imports up 3.9%. Spending is kept under control increasing by just 0.5% from the current fiscal year budget, and borrowing reduced by 11%. The government plan is to produce a primary budget surplus by 2020, and cut the deficit by half in the primary budget which excludes bond issuance and interest payments, by fiscal 2015....