いやはや
日本銀行さんって
ホント すごいわ～
調べれば
調べる程
開いた口がふさがらないです
それを今まで知らなかった私
とほほほ～
情けないです
それはそうとして
イスラエルから 医者とか
看護婦が福島に来ておりますが
いったい連中、何をしに来てるのでしょうか？
http://photo.sankei.jp.msn.com/essay/data/2011/03/0329israel/
放射能の汚染について調べると
言っているけど
悪さをして帰っていくかもしれないよね
（怖い人たちだから）
中国からのお医者は断り
イスラエルからだけ受け入れるって
またも 政府はおかしなことをやってるよ
原子力発電所の保険会社もイスラエルだし
やっぱり なんかおかし過ぎ～
おっと、今日の Ｅ－ｖersion
よろしく ど～ぞ～
三毛猫詩人より
ＰＳ
みなさま、騙されないようにしましょうね～
The Oddity of the Bank of Japan
Would you believe me if I tell you that before the 3/11 man-made earthquake hit Japan, I was not very interested in the economy and the politics in Japan?
I wasn’t, because I had the feeling that politics and the economy take place somewhere far away. I was thinking that, “If I knew nothing about them, I could survive in any case.”
I even did not have any idea that 9/11 was an insider job, committed by George Bush, Dick Cheney and other personnel who were supported by evil-doers: wealthy international bankers.
However, when my life had been threatened (and still is) by thousands of small and middle-sized earthquakes (from 1 to 7 Magnitude on Richter Scale) that have hit Japan since then, I had to wake up and open my eyes as if a sleeping beauty had been awakened by a prince (in my case, Mr. Man-made disaster) after a long sleep.
Therefore, a few weeks ago, I started to learn about economic systems and political issues in Japan.
For instance, let me talk about the Bank of Japan, our so-called central bank. Do you know much about this bank? Is it a private or government institution? What is its role in the Japanese economic system?
Who appoints its CEO? What do they do exactly? Are they helping us or not? As a bank, how much money do they have? Who established this bank? Many questions crossed my mind about this bank.
To be honest, I thought I knew the role of this bank, because I had studied about the bank at a high school. What I learned was that it is a central bank that eases or tightens the volume of money so that it can curb inflation as well as deflation.
My impression of this bank was rather naïve, because I took the Bank of Japan as the head of many commercial banks, just as our government regulates us.
(Some friends have told me that getting a job there was one of the best opportunities for us, as the bank will never go bankrupt, exactly like working in a central government office.)
However, the more I learned about it, the more I realized that my idea about the bank was totally wrong. First of all, as I said before, it is a private commercial bank.
Their job is to ask the National Printing Bureau to print bills.
(In 2003, the Bureau became an incorporated administrative agency, its homepage says. In other words, it is no longer under the guidance of the Ministry of Finance! What does this really mean? )
http://www.npb.go.jp/en/guide/enkaku/index.html
When the bills are printed, the Bank of Japan buys a piece of paper that has the number 10,000 yen on it for 25 yen. Then, they lend it as a 10,000 yen bill (hereafter, the bill acquires its face value) to the government, receiving 10,000 yen plus interest from it.
The authorization of legitimate bills comes only from the Bank of Japan. What a profitable and easy job it is! It is not difficult for me, who knows little about the finance system in my country, to imagine that they are making astronomical profits only by transferring a bundle of paper from one institution to another.
(They don’t produce anything on their own!)
You may wonder if this might be a criminal act, because although they don’t have that money in hand, they get 9975 yen plus tax by being a go-between. I think if I found a guy who behaves like this, I would consider him a swindler or scum.
Yet, surprisingly, the bank has been legally protected by the Bank of Japan Act of 1881. Some people criticize that Mieno Yasushi, who became its Governor in 1989, disrupted the economy and broke “the Bubble” by using his all-powerful authority.
Furthermore, by abolishing all the old laws and establishing a new Act in April 1, 1998, it strengthened its independence from the government. Both Prime Minister Kan and the Japanese Parliament, the Diet, have no right to dismiss its Governor, unless he commits a “crime” (Article 25).
http://law.e-gov.go.jp/htmldata/H09/H09HO089.html
(A crime, in this case, is hard to define, as what the bank has been doing is already almost criminal, isn’t it?)
Oh, by the way, do you know that the American government also does not have the power to remove the chairman from the Federal Reserve Board of Governors? I think the Japanese central bank was modeled on the FRB system.
In 2001, the Bank of Japan was finally able to dismantle the Ministry of Finance when restructuring the central government offices was completed.
This was because the Bank of Japan obviously did not like to be guided and directed by the Ministry. They have been getting their way, without being punished even once.
Wow! They are very powerful and no one has ever been successful in hampering their illegal actions (Oops! No, it is not illegal according to the 1998 The Bank of Japan Act, right?). Unbelievably cunning and malicious!
Oh, I still have a simple question. Why does the Japanese government not print bills on its own? Then, our country does not need to pay such a huge amount of money for 25-yen-worth of paper.
What the Bank of Japan has been doing is just unbelievable to me! How come is the Bank of Japan left as it is now???
Why is the Bank of Japan left so unregulated, as it is now?
My question is, I think, fairly simple. Elementary school kids would have the same question, what do you think?
Poet Calico Cat