Japan

Sayonara Japan

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Today CM leaves Japan after 20 years. This was the first time I’d actively seen passport control beg me to keep my permanent residency. For 5 minutes she painstakingly asked her senior colleagues and tried to reason with me. My comment to her was “don’t worry, I’m not drunk” after repeatedly checking whether I was sure about the decision. She asked what were the reasons. “Where do I start?”

First of all I want to thank the Japanese for their custom, politeness and privilege to stay in their country. It has been truly amazing and life changing.

Sure the honest service drives one batty with its inflexibility but to those who whine about it can always choose to live somewhere else. Respecting a culture is true of any land one visits. Note to Western civilizations. It’s up to others to fit in with the host, not the other way around. Japan has this nailed.

What was the lasting memory of Japan? Simple really. The earthquake, nuke explosion  and tsunami of 2011. What it allowed was a clear cut look at a society that is so well bonded. People didn’t loot. Nor did they greedily hoard essentials. People just took what they needed. Had this been HK or anywhere else it would have been pandemonium. Keep calm and carry on typified Japan.

The lasting photo memory was during a motorcycle trip to MinamiSanriku. This image of a tsunami darkened Minnie Mouse sent chills down my spine. Staring up at the trees on the hillside, the leaves had turned purple because of the sea water which had risen almost 20 metres high. Car wrecks ragdolled in the rip. Windows smashed out of all levels of a 5 storey apartment block. Mother Nature was angry.

When my kids begged to go to Hawaii, they protested about my suggestion to see the devastation first hand. To see with their own eyes. Video and pictures do no justice, I told them. It turns out they appreciated the experience. I gave my younger daughter – then 7 years old – my camera because I wanted to capture images through her eyes. Amazing results.

There is too much to write about with 20 years under the belt.

As the sun sets in the land of the rising sun for me personally journey it shines brightly 9,000km south.

The next stage was a no brainer. So much for dealing with alpha types in finance, many of who’d sell their grandmother given half a chance. I’m overwhelmed with excitement about the prospects of saving the lives of people who know sacrifice and have protected our freedoms. The small team I will work with are as dedicated, hungry and inspired as I am.

My life needed a reboot. Sometimes there is a touch of Tom Cruise in Risky Business in our lives where we must make hard decisions and simply say, “what the f”

Writing this novel about my grandfather’s experiences in WW2 has inspired me to think of living life to the full. How most of us have got it so easy even though some pretend we’ve never had it so bad.

I will always have a soft spot for Japan. Handing back a permanent residency might seem mad in the overall scheme of things but it was the right decision. You can’t make a new start holding onto the past.

Sayonara Japan.

If we’re so keen to stick to Paris should we feel guilty about nuclear power?

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Australia seems keen to stick to the Paris Accord. Despite knowing whatever we do on saving the planet through following the politics of Paris will result in no palpable change in world temperatures at considerable economic cost to overstretched taxpayers. If we seem so keen to do our bit for tokenism, why not copy so many signatories and build nuclear plants? After all if we don’t want to be censured for abandoning the accord should we feel any sense of guilt if we adopt the very same CO2 limiting measures of others? Safety in numbers – literally.

CM was privy to a meeting with a former US Navy officer who was speaking about how negative PR can create false narratives. Nuclear power was one of them. He argued that the US & Japan were losing the PR war hence technological leadership on civilian nuclear power. The likes of Toshiba-Westinghouse are now shrinking minnows whose dwindling order book looks like the victim of a sunset industry when in reality it has been terrible program management. However why should it?

Nuclear power is set to be 14% of global electricity generation by 2040 from 11% today. Emerging Asia get the practicalities of nuclear power. Affordable and sustainable baseload with virtually no emissions.

Of course the horrible outcomes of poorly managed nuclear plants has come at great financial cost as experienced most recently  with Fukushima but the safety record of nuclear power is astonishingly good. Quantum levels more people die in coal mine accidents every year than the combined deaths from radiation from Chernobyl or Fukushima meltdowns since either occurred.

The misplaced fear of Fukushima was so high at the time that Americans across the Pacific were stocking up on radiation masks and Geiger counters in preparation of impending irradiation. It seemed the further one got away from the reactor the more hysteric people became. Deaths in the US as a result of the Fukushima meltdown? Zero!

As it stands, the US has two nuclear plants under construction at present which are saddled with delays and costly overruns based on incompetent execution. The Chinese have twenty in the build phase. India 7. Korea and the UAE 4 each. Russia 3. Even Bangladesh & Pakistan have two in the pipeline using technologies outside of the US/Japan.

There are about 150 power reactors with a total gross capacity of about 160GWe on order with about 300 more proposed. Where are the former world leaders in power technology? Next to nowhere. Cowering in a corner and allowing themselves to be beaten up senseless over false statistics. Where is the PR reporting reality? It’s as if they’ve given up. Where is the media lambasting China, India and other nations for putting our lives at risk? That’s right – nowhere.

What probably escapes many people is that for all the negative news cycle around nuclear power and the thirst for renewable alternatives, many Americans are already surrounded by active nuclear plants. While they visit a zoo or the beach they are blissfully unaware that at all the naval ports dotted around the mainland (e.g. California, Connecticut, NY, Florida, DC, Texas, South Carolina etc) and islands (e.g. Hawaii, Japan) there are 100s of nuclear reactors sitting safely in close proximity to millions of civilians. Yet where is the outrage? Not a peep.

Shout from the hilltops at the efficiency of renewables all you want. Then explain why those with higher levels of renewables as baseload power end up with the highest incidents of blackouts and steepest prices.

South Australia is the case in point. Australia is home to the cheapest materials (gas, coal and uranium) to make affordable electricity but we have caved to the green madness and saddled ourselves with punitive power prices to meet goals based on unproven and often whistle blown manipulated science. If climate scientists were subject to the same punitive damages that players in the financial industry are then it is likely the “targets” leading to our ecological disaster would be pared back to such a degree we’d just keep calm and carry on. Yet because there is no risk of jail sentences the tax dollars get misappropriated, funding an industry whose survival and growth depends on fear. Talk about a lack of ethics.

Even worse we want to double down on this inefficient renewable technology (where claims are often made on 100% capacity rather than the 20% they truly operate on) despite having empirical evidence of its all too obvious shortcomings. Virtue signaling actions such as blowing up old coal fired power stations has ironically proven the stupidest of moves in that all the while demand hasn’t changed reductions in reliable baseload supply makes us vulnerable.

Throw on the desire to electrify the automobile  and we already know that existing base load won’t cope with the increased demands. Take a look at Britain as an example. Apart from the risks of losing massive fuel tax levies (around 5% of total government revenue) the power industry’s current projections of new electricity generation additions can’t meet the expected demand if we all plug our EV in overnight.

So Australia should quit worrying about what others think and act in its own best interests. Maybe Canberra needs a PR agency more than the nuclear industry does. High time to look at real data and sustainability.

 

Japan – where wine is half the price of the coffee

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Japan – where wine is half the price of coffee. The wine wasn’t out of this world but then again neither was the coffee. Fuzzy logic or gouging young mothers with children in Omotesando? Probably the latter. Smart.

Yamaha’s MotoGP woes in stats

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Many in the MotoGP world are questioning the horrible performance of Yamaha in 2018. As it stands Yamaha holds no victories this year with a handful of races left in the season. This would equal its worst performance in 15 years.

Yamaha’s successes really started to trend much higher after hiring Honda legend Valentino Rossi (who took the 2001, 2002 & 2003 crowns for Honda). He subsequently took 2004 & 2005 crowns for Yamaha. After narrowly missing the 2006 title to Honda’s Nicky Hayden and losing to Aussie Casey Stoner in 2007 on a Ducati (the first title for the Italian maker) Rossi won for Yamaha in 2008 & 2009.

Yamaha won the championship again in 2010, 2012 & 2015 under Jorge Lorenzo. Honda won the 2011 with Stoner and the 2013, 2014, 2016 & 2017 titles under Marc Marquez who looks odds on to win 2018. At tonight’s Aragon GP in Spain, Yamaha’s four riders start 12th, 14th, 17th & 18th on the grid.

In August this year after the poor performance at the Austrian GP, Yamaha made the unprecedented motion of apologizing to its riders for having such a rubbish bike. The problem has continued for 18 months now. No doubt the developers in the team back in Iwata, Japan are still busy working out how to take responsibility instead of working to fix it.

The reality is that the other motorcycle teams have got much better. The Italians didn’t qualify for the recent Football World Cup and Germany was bailed out in the pool games. So Yamaha needs to stop resting on the laurels of having two world class riders with 10 championships between them to come up with a competitive product.

N.B. Suzuki withdrew from MotoGP in 2012 & 2013. Ducati entered MotoGP in 2003.

Will financial planners bring out a Naomi Osaka ETF?

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Japanese investors can get star-struck with investments. In 2015, popular pop-idol band AKB-48 saw the stocks of companies it was sponsored by surge 136% relative to the market. Aggregate sales of those companies surged 46% and 30% over the following two years. Such is the ‘hayari‘ (boom) culture in Japan. Corporates know this.

Since the US Open win by tennis star Naomi Osaka, sponsors are lining up to sign her. Prior to the win, Nissin Foods, WOWOW & Yonex were already sponsors. Nissan has just signed her. Since the win, the Topix has risen a tad over 6% while Nissan, Nissan & WOWOW have risen 7.5% in aggregate. Yonex has jumped 12.2% Early days to be sure, but the likelihood is that if she is sponsored by some smaller less liquid stock names these stocks could well fly.

Forget fancy models and esoteric investment strategies. Find whatever Osaka will be sponsored by in Japan and outperform through popularity over underlying earnings performance.

Any financial firm that launched a Naomi Osaka basket would likely see massive inflows and be able to charge higher fees on the back of it. Will the marketing departments wake up?

More love for Naomi Osaka

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20yo Naomi Osaka deserves every success she gets. She is without doubt the hottest marketing prospect globally. There is no media spin or polish with her on any level. She is authentic in the extreme. No prima donna antics or bragging. If anything her press conferences since returning have defined her as ‘what you see is what you get.’ Humility and grace. Pray we get more millennials like her. She shows one doesn’t have to beat their chest in ridiculous ways to get attention.

No wonder Adidas want to throw $11.9m per year to sponsor her. As a Nissan ambassador, despite her media appearance in front of the Leaf electric vehicle, when asked Naomi just let her inner petrol head scream her favorite car – the GT-R. Lucky for her she will get one in white.

The world of tennis couldn’t have a better ambassador for the game. Let’s hope that the media don’t pry too deeply into her private life (good luck with that) and her sports manager doesn’t put her on a multi-year roadshow from hell to please sponsors which would put any star to the test.

Those bloody racist Aussies

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Aussies. We love backing underdogs and relish in self-deprecating humour. Being put down in Australian culture is generally regarded as a compliment. Yet when we see bad behaviour, Aussies generally have no issues calling it as they see it.

We care little if we offend those perpetrating crimes. Take our national cricket team where several members were caught cheating in Sth Africa. The backlash was immense. We’d rather lose than cheat as a nation although it maybe the only solution left to wrest back the Bledisloe Cup from the All Blacks after 16 years…..

Of course the satire of Mark Knight’s cartoon about Serena Williams’ temper tantrum got the activists riled up over supposed racist overtones. How quickly CBS made reference to a “white” cartoonist. If he’d been black and drawn the identical cartoon, would that have made it better? Why no complaints at all the other caricatures of Williams? That’s right – not a peep.

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That’s how the victim industry operates – find a narrative and then build concocted evidence to support it. Certain people might owe Knight a debt of gratitude.

Take this example. Author Leslie Honore   gladly used the viral nature of the cartoon to overtly plug her own book. This technically dilutes the nature of supposedly being 100% for the sisterhood in Serena’s corner, does it not? Makes for a great marketing tool though!! Surprised the author didn’t offer a free set of steak knives if bought within 20 minutes. True colours indeed.

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As for Aussies being racist, what will be evident when Naomi Osaka walks on court at the Australian Open in Round 1 is that everyone will cheer her. Not to apologise for the cartoon’s supposed misportrayal of her looks nor to make up for the appalling crowd display in New York but to honour a true bonafide sportswoman. We love everything about her. How could we not?

In all of the controversy surrounding the US Open final Naomi Osaka has oozed class with her sweet, bubbly but calm demeanor. Instead of apparatchiks demanding an open apology to Serena for sexism, equality and racism not once did any of them think to mention Osaka’s restraint or authenticity throughout the “me, me, me” nature of the saga. It was all about the champ! Williams’ prior tantrums were conveniently forgotten. Don’t forget Serena openly threatened Umpire Ramos that the thief would never be allowed again on ‘her court!’ So in that vein, Osaka was not an equal. She was privileged to stand across the net from the Queen.

Sure the racquet smasher with a coach who openly admitted he cheated is worthy of an apology. We should be proud to have the morals of such a role model drummed into kids. If little Johnny or Veronica don’t throw tantrums while representing their school we should put them straight in front of the counselor to work out why they haven’t been triggered. Don’t even start with the 9-yo brat refusing to stand for the Australian national anthem. Thanks Kaep!

If we judge the 23 grand slams and 10s of millions every year in endorsements and prize money for Serena , the global tennis apparatus has done a dismal job trying to beat her into submission if that is truly the claim. She’s got away with murder with her antics for years.

Throughout all Nike must have minted her name over the years as all these racists lined up to buy her clothes. Surprised the loonies haven’t called for cultural appropriation of white kids who wear Serena branded tennis clothing.

Maybe the lesson for Williams here is that playing against someone almost half her age that can blast 200km/h serves can teach her a thing or two about being a truly great champ in all aspects.

Poor old Naomi Osaka must be thinking the woman she once idolized is nothing like the person on the TV she thought she knew. Don’t worry Naomi, we wouldn’t want you to change anything about you!

Even if you don’t end up breaking all the records what better advocate for the game of tennis to have you as a global ambassador than a dummy spitting, venomous prima donna failing to cope with being dethroned. May there be many more kids who aspire to your level of maturity.

As an Aussie, CM speaks on behalf of many here who would openly say “we love you”. You can’t get here soon enough!