Japan crisis - the worlds economic outlook?

Realmoney_2

RenovationMan wrote: »

Is anyone old enough in here to remember Chernobyl? Tens of thousands of deaths were projected. The reality was that apart from the 31 people who died at the plant (including fire fighters), 81 people died from cancers attributed to the disaster. Chernobyl was a worst disaster than Japan by several orders of magnitude.

The problem is that no one knows what a 'safe' level of exposure is, so they set it very low. Radiation isn't as dangerous as people fear.

If you believe only 81 of the people who have died of cancer related deaths in Western Europe are from the radiation in the last 25yrs then you will believe anything.

sabretoothtigger

In contrast to sentiment, Japan has the worlds strongest economy and best future prospects.

Thrugelmir

sabretoothtigger wrote: »

In contrast to sentiment, Japan has the worlds strongest economy and best future prospects.

The recent events at Olympus have raised serious issues and bring into question the way the Japanese conduct business. There may be far more skeletons in the cupboard yet to be revealed.

sabretoothtigger

I was not surprised, Japanese business has been like that since the 80's at least and the government is awful and yet they still produce products the world wants and will continue to for decades to come

Olympus making a bad camera or bad lens is far worse then wasting their profits. Companies screw things up all the time but doing so from a positive position is nowhere near as bad as many western and more highly valued companies

Their biggest challenge is their terrible population distribution. I believe they rely on Korean immigration to make up shortfalls in their workforce.
China also has this, higher wages and therefore inflation are forced by a lack of cheap (skilled) labour. Yet both currencies again are in a better position then western situations

The Nikkei is 10 PE ?

Realmoney_2

sabretoothtigger wrote: »

I was not surprised, Japanese business has been like that since the 80's at least and the government is awful and yet they still produce products the world wants and will continue to for decades to come

Olympus making a bad camera or bad lens is far worse then wasting their profits. Companies screw things up all the time but doing so from a positive position is nowhere near as bad as many western and more highly valued companies

Their biggest challenge is their terrible population distribution. I believe they rely on Korean immigration to make up shortfalls in their workforce.
China also has this, higher wages and therefore inflation are forced by a lack of cheap (skilled) labour. Yet both currencies again are in a better position then western situations

The Nikkei is 10 PE ?

But the population in Japan is falling now, it will fall a lot more in the next 25yrs if this disaster is similar to Chernobyl. Estimations are several million cancer related deaths as result of radiation but there is no way to prove that they would not have died from cancer any way.

In 25yrs time (or a lot sooner) I think it will be very obvious that cancer related deaths have gone up by big numbers because of radiation from Japan.

But yes Japan makes the best stuff and the demand is there from the rest of the world. If they can reduce or stop nuclear power and go to huge solar farms as is being talked about, that is a lot of silver going to be needed.

Thrugelmir

sabretoothtigger wrote: »

Olympus making a bad camera or bad lens is far worse then wasting their profits. Companies screw things up all the time but doing so from a positive position is nowhere near as bad as many western and more highly valued companies

Hiding losses not wasting profits. Olympus appears to have been capitalising goodwill on acquistions for as long as 20 years. In order to maintain an illusion of growth and profitability.

Seems as if even the auditors missed a payment of $687 million dollars that was paid to a Company in the Cayman Islands as part of one acquistion.

In the US an action has been filed against Olympus on behalf of ADR holders on the grounds of filing misleading financial statements between 2006 and 2011.

Flight2quality

Now they are saying they have cold shutdown as was the goal by yrs end. Some say this is rubbish and all PR propaganda. Have they really I wonder?

Darthvader

Did he say @ 1:30 kids are dropping dead all over Japan, from heart failure from the radiation? My contacts in Japan have not heard anything about this, where did he get that from?

http://www.youtube.com/watch?v=bgTTsK7i-Co

Flight2quality

Darthvader wrote: »

Did he say @ 1:30 kids are dropping dead all over Japan, from heart failure from the radiation? My contacts in Japan have not heard anything about this, where did he get that from?

http://www.youtube.com/watch?v=bgTTsK7i-Co

There are reports that children are having all kinds of health problems which is no surprise. Corbett report is a good source of info he lives and reports from near to the area and he was saying near the plant children are dropping dead from the radiation and also the highest number of abortions of pregnant women Japan has ever seen. If this is voluntary or forced and hushed up is another matter. But Corbett did not say it was all over Japan just in his area, Alex Jones is wrong to say kids are dropping dead all over Japan, from heart failure from the radiation. Maybe it will be true of all ages over the next several years but who knows. Estimations are now more that a few million dead as a result of Chernobyl in last 25yrs. But hard to prove they wouldnt have died of cancer anyway.

http://www.corbettreport.com/

He is the best up to date because he lives so near, he is talking to doctors and local people.

They say they have cold shut down now, but most don't believe it, I wonder if its true? Then it will be a lot safer because most of these very harmful radioactive particles have a half life of around 8 days. But until they get cold shut down everyday more are released. Dr Busby says the car filters he checks from Tokyo say they still have not got cold shut down.

JonnyBravo

hardassets wrote: »

Expectations are millions will die early from cancer or other radiation causes over the next decade or so.

With Chernobyl its now believed its well in to the millions died early as a result of cancer from radiation in the Western world. But there is no way to prove these ones would not have died of cancer if Chernobyl never happened. But soon after Chernobyl the deaths from cancer in the affected regions has shot up.

:rotfl:

Oh dear.
Completely untrue, but obviously all the literature which points out this as false is biased propoganda from the Govt. You can only really trust nutjob websites.
Honest.