As we wait for the 2Q GDP and FOMC announcement, here is something different to ponder...
I had written previously about the intense animosity between the Chinese and Japanese (see China turns Japanese):
Now a Chinese mall is re-enacting World War II executions of Japanese soldiers (h/t Patrick Chovanec) in order to promote sales.
Oh, how the memories run deep! This is just an illustration of the institutional memories of attitudes arising from the Second World War and serves heightens geopolitical risk in the region.
Former Australian Foreign Minister Gareth Evans recently penned a Project Syndicate essay warning that Japanese Prime Minister's Abe's "makeover of Japanese foreign policy could undermine the fragile power balances that have so far kept the Sino-American rivalry in check", largely because "opposition to any perceived revival of Japanese militarism is hard-wired in Northeast Asia". Evans warned:
Oh, how the memories run deep! This is just an illustration of the institutional memories of attitudes arising from the Second World War and serves heightens geopolitical risk in the region.
Former Australian Foreign Minister Gareth Evans recently penned a Project Syndicate essay warning that Japanese Prime Minister's Abe's "makeover of Japanese foreign policy could undermine the fragile power balances that have so far kept the Sino-American rivalry in check", largely because "opposition to any perceived revival of Japanese militarism is hard-wired in Northeast Asia". Evans warned:
The dangers should not be exaggerated. But, with strategic competition between the US and China as delicately poised as it is, and with the economic interests of Australia, Japan, and many others in the region bound up just as intensely with China as their security interests are with the US, rocking the boat carries serious risks.
In the meantime, I am waiting for the WalMart 4th of July re-enactment of the Bataan death march, coming to you at a California mall.
Disclosure: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). This article is prepared by Mr. Hui as an outside business activity. As such, Qwest does not review or approve materials presented herein. The opinions and any recommendations expressed in this blog are those of the author and do not reflect the opinions or recommendations of Qwest.
None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. Either Qwest or Mr. Hui may hold or control long or short positions in the securities or instruments mentioned.
None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. Either Qwest or Mr. Hui may hold or control long or short positions in the securities or instruments mentioned.