Paul Volcker Part

"" No more, not tolerate censorship "Google also view entirely withdrawal from China
http://sankei.jp.msn.com/world/america/100113/amr1001131038006-n1.htm
US Internet services giant Google is the 12th, along with the reveal that it had received a large-scale cyber attacks that originated from China at the end of last year the company blog, entirely withdrawal from China and promote the corresponding field of view We showed the attitude. Google, although it has not been singled out specifically about the subject of cyber attacks, "we any more, does not it has decided to continue to tolerate censorship," it said, are going to enter into negotiations with future Chinese government. (Koryaku) "

January 19
"The United States: Massachusetts Senate elections democratic, the historic defeat Obama administration" and rebellion of the independents. "
http://mainichi.jp/select/world/news/20100120dde007030004000c.html
In Eastern Massachusetts, which was said to impregnable stronghold of the Democratic Party, voters shoves a "no" to the policies of the Obama administration. Tokaihyo been province election of Senate elections in the Republican Scott Brown candidates (50) has won complaining the other health care reform in the 19th. The biggest factor is that independents who contributed to President Obama victory flows in the Republican Party in the '08 presidential election. (Koryaku) "

President Obama January 21, announced the proposed regulations to the bank beside the Volcker Mr. (see details yesterday of entry)
January 22 FSB (Financial Stability Board) gives the stamp of approval to the proposed regulation of Obama
Bernanke January 28 is re-approved in the history of the minimum of votes difference.

January 29
"The US government, and formally notify the parliament decided to export weapons totaling $ 6.4 billion equivalent for Taiwan
http://www.fnn-news.com/news/headlines/articles/CONN00170907.html
The US government is the 29th, totaling $ 6.4 billion to Taiwan, it decided to export weapons worth about 580 billion yen, notified formally to Congress. On the contrary, China has issued a statement of immediately strong protest.
Crowley Assistant Secretary of the US State Department "announcement, is what the Obama administration has revealed the attitude involved in the weapons provided for defense necessary to Taiwan," he said. (Koryaku) "

February 2
"The United States and President Obama, to the Dalai Lama talks
http://news24.jp/articles/2010/02/03/10152849.html
Spokesman of the United States, the White House is the 2nd, President Obama is the highest leader of Tibetan Buddhism, has revealed that it is the policy of talks with Dalai Lama XIV. (Koryaku) "

In this way, the side-by-side try, Google of China withdrawal problems, whether those conforming to the change the American strategy is subtle. However, subsequent Google side of the bullish support, I think in American strategy change has greatly affected of course.

This American strategy change has clearly triggered by the Democratic candidate Massachusetts Senate elections defeat of January 19. After all, speaking of Massachusetts, that the late Ted Kennedy Senator continued to defend also seats more than forty years, stronghold of the Democratic Party (and you say, the kingdom of the Democratic Party) that I. Speaking now in Japan, is what the Democratic Party candidate, such as lose in Iwate of the House of Representatives elections and upper house elections.
In response to election results, President Obama of agility, which announced a massive strategic transformation in just in one day (agility) is, I think you should be openly praise. (Of course, assuming the defeat in advance, but I think that that he had been variously preparation)
Those who are seeking the current American people is the soundness of the banking system of the improvement in the employment environment and "end". The entry of "prequel" of the day before yesterday I've picked up a part of the State of the Union speech of President Obama,
"For small and medium-sized business owners in the United States, corporate environment we remain harsh"
Such I. Incidentally, the American general household (ie, the world's largest "demand") credit becomes strictly against, it has not changed the situation on the national balance sheet "liabilities of households" has decreased.
This is, we do not expect the US domestic economy improvement, public dissatisfaction is not inevitably directed to the president and the Democratic Party.
This in the United States and has had to bother the economic recovery, it was Wall Street and China.

[Against the US dollar remained in January 2010 major currencies]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_27.html#vsUSD

Again to reused this figure, the horizontal bar in the middle of the graph (blue) is not mean a separate "zero", it is the RMB against the dollar. Chinese Communist Party government, and revised the "managed float system" up to it in June 2008, it has returned to the dollar peg system. In other words, the dollar rate of RMB June 08 or later, it does not at all changed. (Reference http://stooq.com/q/?s=usdcny&c=3y&t=l&a=lg&b=1)
However, in the medium both countries of benchmark interest rate the US, there is the opening of more than 2 percent. Even though the exchange rate is fixed, there is the interest rate difference is more than 2%. Oh ..., it would not be easy country invested so much dollar carry of money. Wall Street will only bring "has been supplied for the American people money (liquidity)" in China, is not earn a fixed interest rate differentials without the risk of foreign exchange losses.
The results, as discussed in "hypothesis and reality http://ameblo.jp/takaakimitsuhashi/entry-10446948500.html", even if FRB has increased the monetary base, that the money stock does not increase only the half, the United States of up to it the unthinkable to people who know the situation has occurred.
How much of the scale of the dollar carry or flowed into China, I think it is quite difficult to take the statistics, but the US research firm EPFR Global, the
And beyond "from 2009 the beginning of the year until November 18, the emerging market $ 56.8 billion (about 4 trillion 920 billion yen) those funds has flowed. Already in '07 of $ 50 billion (about 4 trillion 330 billion yen) , updated the highest ever amount. China most is as an investment target country. "
It is up report at the end of November that. (Http://headlines.yahoo.co.jp/hl?a=20091129-00000015-rcdc-cn)

Furthermore, in addition to the problem of the dollar carry also, Americans have been bothering to China. Of course, it is a reality that China utilizing the yuan too cheap is multiplied by the export offensive, "the United States demand for the nation, employment" has continued to be deprived.
Since last year, Watakushi Although we wrote about "protectionism" in various places, it contains even for the "real demand side" not only apart from "financial". This is because, at least for now of Japan and the United States, and over the regulation in the financial, in real demand surface "smart protectionism (example: eco-car tax reduction)" be carried out, because that makes both countries of national interest.
As far as the strategic transformation since January, the United States has taken the first step surely protectionism of financial. In addition, also for the protectionism of real demand surface "cameos" remark began to hear. I've started taking a tough policy in the middle pairs, this is for the United States is China,
"Do not be making money by using the money that was litho for us. Do not deprive us of demand and employment. Rather, Give me thy demand"
And, it is a translation have started applying pressure. Of course, soon, I think the RMB revaluation request comes out.
Along the national interest, to convert the strategy in cold blood. I have also written many times before, but this only, Japan is I believe must be emulated America from genuinely.

Currently in Japan, but there is no people that he thought such as "national interest" is attached to the regime, the United States is based on clearly their own national interests priority (although there is originally so), if you start the protectionism of, really self-proclaimed "Gros-if list" of people, whether it's probably to do? Although we plan to write the future, the strategic transformation of this time of the United States, it is also beneficial for Japan, Japan and the United States I can become the relationship of Win Win.
However, President Obama was ignored will be given in the State of the Union speech Japan.
In interview the day before yesterday, Aoyama Shigeru Hare-shi was telling me the impressive thing.
"America is in the strategic transformation of this time, have been very hope for nation of Japan. However, the Hatoyama government of Japan, not at all expected."

The word is too light, per seat of person Prime Minister does not take any responsibility, to Japan, where political parties that self-cleaning ability does not work at all is taking the regime, we are not expected. However, the Japanese people and who is behind it, for the nation of Japan, you have expectations.
If Watakushi is in a position of reverse (US side), the more it seems obvious, but too obvious, why.