ツイッター paper.li Vol.16

All the below links are in English.

弊社ツイッターアカウントの一つ @WSjp_insight のRTによる paper.li 掲載記事6件を貼っておきます。

CSIRO backs PhotonAssay gold technology: @CSIROnews is partnering with Chrysos Corp to bring to market its PhotonAssay X-ray gold detection technology (1/4/2017) | @MiningMagazine

Government’s ‘reckless attitude’ to steel could trigger crisis in car manufacturing, warns Welsh expert (3/31/2016) | @gavindjharper @WalesOnline

@MPAA: U.S. Film & TV Industry Generates $121 Billion in Wages (9/2/2016) | @Deadline @lights_film @THR

So let’s talk about the debate tonight (9/26/2016) | @tore_more @CFBStrategies

The top stories of 2016 (12/16/2016) | @RyersonU

US Policy Changes Vol.26 (National Security Vol.2 – Key posts, Europe…) (12/19/2016) | World Solutions

Japan: land of the rising sharemarket

The below links are in English.

Japan: land of the rising sharemarket (1/13/2017) ‏| @ComminsP @FinancialReview の一部抜粋及び抄訳を以下貼っておきます。

You may be surprised to hear that the best performing sharemarket in the developed world over the past six months is Japan’s. And strategists reckon there’s more where that came from in 2017.
The words “blockbuster growth” and “Japan” are rarely used together in the same sentence. …
But economic growth and sharemarket returns often bear little relation to each other. …
…earnings – and share prices – typically receive a boost as the currency falls. And with the US-dollar exchange rate trading in a range of ¥115-¥118… @GaveKal…
…not enough to push the yen price of imported commodities up to painful levels…(円安は…輸入コモディティの日本円での価格を痛いというほどのレベルまでには押し上げていない…)
That has helped spark the 23 per cent surge in the Japanese sharemarket over the past six months. “That strength is set to continue into 2017, with the Tokyo market remaining well bid on the back of a monetary policy stance that the Bank of Japan will find it hard – even impossible – to retreat from.”(この円安で過去6ヶ月に株価が23%上昇した。2017年も引き続き上昇傾向にあり、東京市場は金融緩和に支えられているので日銀は緩和から撤退できない。)
文中参考: Bank of Japan Introduces Yield-Targeting Resime for Government (9/21/2016) | @Tim_ber_wolf @FinancialReview
…even as global bond yields climbed at an alarming rate, Japan’s government bonds, or JGBs, remained pinned at zero per cent.(…グローバル債の債券利回りが異常に上昇していても、日本国債の利回りはゼロのままである。)
“Against a backdrop of rising long rates elsewhere in the world, this policy trap has significant implications for flows out of the yen and into foreign currency asset markets, as well as for the Japanese equity and real estate markets,” Newman writes. “These outflows have added to depreciation pressure on the yen.”(日本以外の世界での長期国債の利回り上昇を背景にして、この(10年物)国債利回りのゼロ%程度への誘導政策は、日本の株式市場と不動産市場に対するのと同様に、日本円から流出する外貨建資産市場に対しても重大な含蓄を持っている。”この流出は円安圧力に加勢してきた。”)
…Morgan Stanley…
…a “double upgrade” of the Japanese sharemarket: from an underweight to overweight position. … …plenty of solid appetite for Japan’s equity market, including from big government players such as the BoJ and the national pension fund, or GPIF.
…a combination of renewed re-engagement from foreign investors coupled with equity and ETF purchases from the GPIF and BoJ, respectively, that are equivalent to around 2 per cent of market capitalisation…(GPIFと日銀からの株式とETFの購入、そして、外国人投資家による買いが組み合わさって、株価が上昇し得る。これらは、(一部上場全銘柄)時価総額の約2%に相当する…)
…aggregate earnings per share in Japan will jump 24 per cent…a 16 per cent climb in the Topix index to 1800 points.
… The world economy certainly has built a head of steam, and Japanese businesses are firmly tied to the cyclical uplift. …(…循環的上昇…)
“About 14 per cent of Japanese company profits come directly from North American-based production and so should benefit from Donald Trump’s promise to dramatically cut US corporation tax rates,” Newman says. “Japan, which sells about 45 per cent of its offshore production in the US, is well placed to deal with a more ‘de-globalised’ world.”(日本企業の約14%の利益は北米での生産から直接来ているので、ドナルド・トランプの劇的な法人税引き下げ公約の恩恵に与る。日本は海外生産の約45%をアメリカで販売しているので、脱グローバル化した世界に対応するのに有利である。)
…the easiest way to play the Japanese theme is via the the currency-hedged Betashares WisdomTree Japan exchange-traded fund. The ETF tracks a “smart beta” fund, which applies some mechanical rules to put together a portfolio of the biggest Japanese listed names, and has an inbuilt tilt towards exporters. …
…a sharemarket that comes to be seen by offshore investors as primarily a currency bet does not make for a great long-term investment, and leaves your investment vulnerable to a sharp rebound in the yen. …
…125 yen…

U.S.-Japan Summit Meetings 日米首脳会談 Vol.4(Abe’s visit to Pearl Harbor 安倍首相の真珠湾訪問 – via U.S. newspaper companies)

All the below links are in English.

Here are articles on Prime Minister of Japan Shinzo Abe’s visit to Pearl Harbor with U.S. President Barack Obama. Excerpts are on our own.

Japan’s Abe offers ‘everlasting condolences’ during historic visit (w Videos; 12/28/2016) | @MelYamaguchi @HawaiiNewsNow
‘The ghosts of war’
Charles Morrison, East-West Center president, said Abe’s visit is a strong symbolic sign of the close relationship between Japan and the United States.
“It doesn’t end all of the ghosts of the war, but it reduces it,” he said. “They stand for their countries dedicating themselves to an era of cooperation that’s going to be even more important in the future.” …
Two cabinet members, Defense Minister Tomomi Inada and Foreign Affairs Minister Fumio Kishida, also attended the events. …
‘A big deal’
Abe’s Pearl Harbor visit marks a remarkable transformation in U.S.-Japan relations; the two have grown into close allies in the decades since they faced off in brutal conflict. At the same time, it’s significant that it took more than 70 years for the two nations to get to this point.
“This is definitely a big deal,” said Sal Miwa, of the Japan-America Society of Hawaii. …
A rare visit
“I personally don’t think that large powers make apologies to others,” Morrison said. “To acknowledge the wartime deaths in both countries, not just those who died in these attacks but those who died in the whole conflict, I think it just exactly the right way to go.” …
However, many news agencies suggest Abe’s Pearl Harbor visit could encourage a deeper friendship between Japan and the U.S. and could even lift his approval ratings.
Rick Tsujimura, of the East-West Center board of governors, said the timing of the historic joint appearance was perfect, since holding it on Dec. 7 would have been distracting. “Prime Minister Abe’s presence here is sort of the bookend to President Obama’s visit to Hiroshima,” Tsujimura said.
U.S. Rep. Tulsi Gabbard, D-Hawaii, also attended the commemoration ceremony Tuesday along with three-time Bronze Star recipient and World War II veteran Kenji Ego, who served with the 442nd Regimental Combat Team.

The Latest: Obama calls Japan’s premier’s visit ‘historic’ (12/27/2016) | @StarTribune
Hawaii local time 12:30 p.m.
… Obama says it shows “the fruits of peace always outweigh the plunder of war.”
Obama says the U.S.-Japan relationship is now a cornerstone of peace in the world. He says the alliance has never been stronger. …

Japan’s Prime Minister Visits Pearl Harbor With President Barack Obama:Shinzo Abe struck a similar theme in his remarks as the president did at Hiroshima by acknowledging suffering from Japan’s surprise attack but stopping short of apology (12/27/2016) | @CarolELee @WSJ
… Mr. Abe struck a theme in his remarks similar to Mr. Obama’s in Hiroshima—acknowledging the suffering from Japan’s surprise attack and calling Pearl Harbor a symbol of reconciliation between the two countries, but stopping short of an apology. …
Mr. Obama thanked Mr. Abe for his presence, calling it a “historic gesture” that “speaks to the power of reconciliation.” …
The two leaders, who earlier held a private meeting with their delegations, exited side-by-side to applause.

Japanese Leader Offers Condolences in Visit to Pearl Harbor (w Video; 12/27/2016) | @nytmike @nytimes
… For his part, Mr. Obama described in detail what occurred on the day of the attack, highlighted acts of heroism by American service members and said that the visit of Mr. Abe “reminds us what is possible between nations and between people.”
Mr. Obama added, in what seemed a warning after the scorching American presidential campaign: “Even when hatred burns hottest and the tug of tribalism is at the most primal, we must resist the urge to turn in. We must resist the urge to demonize those who are different. The sacrifice made here, the angst of war, reminds us to seek the divine spark that is common to all humanity.”
… In a statement earlier this month, the White House said that “the meeting will be an opportunity for the two leaders to review our joint efforts over the past four years to strengthen the U.S.-Japan alliance, including our close cooperation on a number of security, economic, and global challenges.”
… And Mr. Trump suggested that Japan would be better off if it had nuclear weapons. …

At Pearl Harbor, Obama says ‘we must resist the urge to demonize those who are different’ (12/27/2016) | @cparsons @latimes

At Pearl Harbor, Obama says ‘we must resist the urge to demonize those who are different’ (w Video; 12/27/2016) | @cparsons @chicagotribune
… They expressed concern that the lessons of the war might be forgotten amid a shifting world order and the anti-internationalist sentiment that has swept over politics around the globe…
“Ours is an alliance of hope that will lead us to the future,” Abe said, speaking to World War II veterans after paying tribute at the Pearl Harbor memorial. “What has bonded us together is the power of reconciliation, made possible through the spirit of tolerance.” …
But Trump has obliterated long-established protocols. He spoke with Taiwanese leader Tsai Ing-wen despite the U.S. policy of officially acknowledging no Chinese government other than the one in Beijing. …
…Sterling Cale…
“‘Sorry’ is just a word,” Cale said. “What matters more is the action of coming here and going out there with our commander in chief. That says more than words.” …
“Today, the alliance between the United States and Japan, bound not only by shared interests, but also rooted in common values, stands as the cornerstone of peace and stability in the Asia Pacific, and a force for progress around the globe,” Obama said. …

Japan’s Abe offers ‘everlasting condolences’ at Pearl Harbor (12/27/2016) | @joshledermanAP,@CalebAP @AP @BostonGlobe
… That was the closest Abe would get to an apology for the attack. And it was enough for Obama, who also declined to apologize seven months ago when he became America’s first sitting president to visit Hiroshima, where the US dropped an atomic bomb in a bid to end the war. …
… ‘‘War is war.’’
‘‘They were doing what they were supposed to do, and we were doing what we were supposed to do,’’…
… His remarks capped a day that was carefully choreographed by the US and Japan to show a strong and growing alliance between former foes.
… It was a bookend of sorts for the president, who nearly eight years ago invited Abe’s predecessor to be the first leader he hosted at the White House.
… but Abe was the first to go to the memorial above the sunken USS Arizona, where a marbled wall lists the names of U.S. troops killed in the Japanese attack.
… The visit was not without political risk for Abe, given the Japanese people’s long, emotional reckoning… Japan’s government still insists it had intended to give prior notice that it was declaring war and failed only because of ‘‘bureaucratic bungling.’’
…Tamaki Tsukada, a minister in the Embassy of Japan in Washington. …
In the years after Pearl Harbor, the US incarcerated roughly 120,000 Japanese-Americans in internment camps before dropping atomic bombs in 1945 that killed some 140,000 people in Hiroshima and 70,000 in Nagasaki. …

At Pearl Harbor, US and Japan seek absolution from the war (12/27/2016) | @joshledermanAP,@CalebAP @AP @stltoday

At Pearl Harbor, US and Japan seek absolution from the war (w Video; 12/27/2016) | @joshledermanAP,@CalebAP ‏@bskoloff,@mariyamaguchi @AP @KSL5TV
… Japanese officials said that in their talks, Abe and Obama agreed Tuesday to closely monitor the movements of China’s first and sole aircraft carrier, which has sailed into the western Pacific for the first time. Taiwan’s Defense Ministry reported Monday that the aircraft carrier and five warships sailed 90 nautical miles south of Taiwan, a self-governing island claimed by China. Beijing called it a routine training exercise.
In their last meeting before Obama leaves office next month, the two leaders affirmed that movements by the Chinese carrier Liaoning “warrant close attention from mid-term and long-term perspectives,” the officials said. Late last week, the Liaoning advanced into the western Pacific after passing the so-called “first island chain,” a sea defense line China unilaterally draws running from southern Japan to Taiwan, the Philippines and the southern South China Sea. …

At Pearl Harbor, US and Japan seek absolution from the war (12/27/2016) | @joshledermanAP,@CalebAP‏ @bskoloff,@mariyamaguchi @AP @seattletimes
… But in Washington Tuesday, State Department spokesman Mark Toner said the U.S. recognizes lawful uses of the sea, and the same rights apply to the U.S., China and other nations.
He said, “as we often make the case with our own naval vessels sailing … in those same waters, it’s freedom of navigation.”
Earlier this month, a Chinese navy vessel seized an U.S. Navy underwater glider that the U.S. said was conducting oceanic research in international waters off the Philippines. The U.S. called the seizure illegal and made a diplomatic protest. China returned the glider five days later. …

Japan’s Shinzo Abe offers ‘everlasting condolences’ at Pearl Harbor (12/27/2016) | @AP @NOLAnews
… “This visit, and the president’s visit to Hiroshima earlier this year, would not have been possible eight years ago,” said Daniel Kritenbrink, Obama’s top Asia adviser in the White House. “That we are here today is the result of years of efforts at all levels of our government and societies, which has allowed us to jointly and directly deal with even the most sensitive aspects of our shared history.” …
…Tamaki Tsukada…

Philly garden to honor man who challenged internment of Japanese Americans (12/27/2016) | @mwinberg_ @PhillyInquirer
… “At that time, I wasn’t thinking about his wartime experiences,” said (Kenneth) Finkel, a distinguished lecturer in American studies at Temple University. “But I’m sure he was, during every step of our time there.”
Morris Finkel, a prominent antiques dealer who died five years ago, had served as a lieutenant in the Navy aboard the destroyer USS Southerland, the first American warship to enter Tokyo Bay after Japan’s surrender, and his wartime experiences had biased him, his son said. …
Next month in Philadelphia, a new spotlight will shine on the often-fraught relationship between the two nations, when the Shofuso Japanese House and Garden holds a ceremony in memory of Fred Korematsu, an ordinary citizen who challenged the forced removal and mass incarceration of himself and other Japanese Americans during World War II. …
Korematsu was born and raised in Oakland, Calif., and worked as a shipyard welder. At age 23, he refused U.S. government orders to go to a Japanese internment camp and was arrested and convicted of violating the order. He appealed, but in 1944 the U.S. Supreme Court ruled that his internment was permissible. That decision was overturned nearly 40 years later, in 1983, when Korematsu was in his 60s. …
(Kim) Andrews said the site’s message of cultural unity has remained consistent. “Shofuso was . . . intended as gift to American people in postwar years,” she said. “That was unusual at the time. Japan was in rough shape, and just coming out of American supervision. It was a heartwarming gesture, a symbol of Japanese culture.”
The site “evokes a lot of emotion to visitors, because it represents a lot of Japanese tradition,” said Dennis Morikawa, president of the Japan America Society of Greater Philadelphia. …

Obama, Japan’s Abe make somber visit to Pearl Harbor 75 years after surprise attack (w Video; 12/27/2016) | @blyte,@DavidNakamura @washingtonpost
…on Dec. 7, 1941. President Franklin D. Roosevelt had called it “a date which will live in infamy.”
… Obama declared that the “hallowed harbor” stands as a symbol not just of the valor of the Americans who fought to defend it, but also of the power of reconciliation between former enemies. It was a message, he suggested, that remains as resonant today as over the past seven decades.
…even when the tug of tribalism is the most primal, we must resist the urge to turn inward; we must resist the urge to demonize those who are different,”…
… This is the solemn vow we the people of Japan have taken,” Abe said, speaking mostly in Japanese. …
Obama praised the “greatest generation” that served in the war, including his maternal grandfather and the late Sen. Daniel Inouye (D-Hawaii). The longtime senator, who died in 2012, served with fellow Japanese Americans in the highly decorated 442nd Regimental Combat Team at a time when the United States jailed many Japanese and Japanese Americans in internment camps. …
Abe thanked the United States for helping rebuild Japan after the devastation of the war, noting that Americans sent food and clothing to the Japanese people. …
… But the Japanese government has insisted that Tokyo had not intended it as a sneak attack. Rather, a cable notifying the U.S. military of the attack was delayed due to “bureaucratic bungling,” Tamaki Tsukada, a spokesman for the Japanese Embassy in Washington, said ahead of Abe’s visit.
“There’s this sense of guilt, if you like, among Japanese, this ‘Pearl Harbor syndrome,’ that we did something very unfair,” Tsukada said. He added that the prime minister’s visit could help “absolve that kind of complex that Japanese people have.”
… Japanese singer and film and television actor Ryotaro Sugi was at the event as well.
… “It’s time that all nations put away the atomic bomb. I congratulate Japan for doing that and I’m happy the prime minister is here.”
Obama flashed a traditional Hawaiian “shaka” sign, a gesture of friendship, before departing.

Japanese leader offers ‘everlasting condolences’ at Pearl Harbor memorial (12/27/2016) | @DaveBoyer @WashTimes
… The president also praised the U.S.-Japan alliance for “slowing the spread of nuclear weapons,” also seemingly a dig against Mr. Trump. …
The historic meeting was likely to be Mr. Obama’s last with a foreign leader as president. It came six months after Mr. Obama paid a similar visit to Hiroshima, Japan, where he became the first sitting U.S. president to see the site of the nuclear bomb attack by the U.S. that helped to force Japan’s surrender in 1945. …
China criticized Mr. Abe’s visit as an insincere attempt to absolve Japan of its wartime aggression.
“Trying to liquidate the history of World War II by paying a visit to Pearl Harbor and consoling the dead is just wishful thinking on Japan’s part,” said Hua Chunying, a Chinese foreign ministry spokeswoman in Beijing.
“Japan can never turn this page over without reconciliation from China and other victimized countries in Asia,” she said. “Japanese leaders should stop being so evasive and dodging, and instead take a responsible attitude toward history and future, deeply and sincerely reflect upon the history of aggressive war, and draw a clear break with the past.”
For Mr. Obama, the meeting with the Japanese premier also underscored his limited impact in his attempt to “rebalance” U.S. foreign policy toward the Asia-Pacific region. …
Dan Kritenbrink, Mr. Obama’s senior director for Asian affairs at the National Security Council, called the meeting “a powerful demonstration of how the two countries can overcome a very painful history to become the closest of allies and friends.” …

Without Obama, Shinzo Abe’s Approach to U.S.-Japan Ties May Be Tested (12/27/2016) | @motokorich @nytimes
…Kyoji Fukao, a professor of international economics at Hitotsubashi University.
…Takatoshi Ito, a professor of international finance and trade at Columbia University. …
Mr. Obama provided very clear promises of protection. …he declared that a security treaty obligated the United States to defend Japan in its confrontation with… It was the first time an American president had explicitly said so.
…Sheila A. Smith, a Japan expert at the Council on Foreign Relations. …
…Mr. Abe has worked for months to develop a relationship with Russia, trying to resolve… But a recent…with little progress.
… He visited Cuba and talked with the former leader Fidel Castro before he died… In October, Japan and Britain conducted their first joint military exercises…
…Fumiaki Kubo, a professor of political science at the University of Tokyo…


ツイッター paper.li Vol.13

All the below links are in English.

弊社ツイッターアカウントの一つ @WSjp_insight のRTによる paper.li 掲載記事6件を貼っておきます。

Boston’s Christmas Tree Tradition Rooted In A Canadian Thank You (w Audio) | @ebherwick3 @NPR

B.C. and Alaska strengthen commitment to protect shared environment | @BCGovnews

Howe bridge unaffected by Trump election, Canada says | @leonardnfleming,@HollyPFournier @detroitnews

Gordie Howe International Bridge project spans new horizons | @INFC_eng

Canada pledges to phase out traditional coal power by 2030 | @josh_wingrove @StarTribune

Line 3 Replacement Project | @NRCan

All of these were adopted by @GilTheJenius. Thank you.

ツイッター paper.li Vol.10

All the below links are in English.

弊社ツイッターアカウントの一つ @WSjp_insight のRTによる paper.li 掲載記事6件を貼っておきます。

New data shows tourism sector is booming; Tourism strategy | @MBIEgovtnz

Five ways to advance New Mexico’s economy | @terrybrunner,@NMPoliticsnet @wsi_usa

Ocean Champions for Healthy Oceans | @borgebrende @HuffPostBlog @StateDeptOES

Holy Grail of energy policy in sight as battery technology smashes the old order | @AmbroseEP @telebusiness @austriainuk

Enhancing robotics research and teaching with Kinba, @KingsCollegeLon’s robot receptionist | @Kings_CoRe,@mhoward3210

The Internet is changing who we date | @AnaSwanson,@Wonkblog; Gina Potârca @unil

日本のガラパゴス症候群 Vol.7(The Global Competitiveness Report 2016–2017 - 国際競争力ランキング2016)

All the below links are in English. Excerpts, et al. are on our own. You can check out methodology as well.

The Global Competitiveness Report 2016–2017 (w PDF) | @wef のPDFのうち、Europe、East Asia and Pacific、North Americaに係る掲載文の抜粋等です。一番最後の私見もご覧ください。

Faced with impending Brexit and geopolitical crises spilling over into the region, Europe finds itself in critical condition in many respects. Nevertheless, the region — which includes the EU28, Iceland, Norway, Switzerland, the Balkans, and Turkey — still performs above the global average in terms of competitiveness (4.72 average score in Europe versus an average score of 4.11 among the rest of the world). This is driven by the performance of a group of regional champions, notably Switzerland, which leads the global rankings for the eighth consecutive year. The top 12 includes seven more European countries: the Netherlands (4th), Germany (5th), Sweden (6th), the United Kingdom (7th), Finland (10th), Norway (11th), and Denmark (12th).
… there is wide dispersion in regional performance on several pillars. The largest gap is in the macroeconomic environment pillar, a reflection of the fact that the region has been recovering unevenly from the global financial crisis. Europe’s median performance is weakest across the innovation indicators: Figure 8 shows that the region’s countries are clearly divided, with a significant gap between the innovation assessment for Northern and Western European countries versus Central, Eastern, and Southern European ones. Although this gap has been a persistent challenge, there are some recent encouraging signs of convergence in certain dimensions.
Accelerating innovation efforts will be crucial to maintain current levels of prosperity, and Europe can expect high returns from focusing its resources on nurturing its talent. … On attracting and retaining international talent, although one European country (Switzerland) achieves the top global scores, the average for the region as a whole is low; this does not bode well for the creation of a vibrant European knowledge economy. The United Kingdom is currently still the most attractive EU destination for talent, yet the Brexit vote has created significant uncertainty over the conditions under which workers from EU countries will be able to participate in the UK economy in the future. Moreover, university applications from the European Union could potentially drop amid uncertainty over prospective students’ status and subsequent access to the UK job market (see Box 5 on the potential implications of Brexit; note that data presented in the Report were collected before the Brexit vote). … some of the largest score drops for France compared to last year were registered for the “attract and retain talent” indicators.
… Yet good practice examples in this area exist on the continent, with countries such as Switzerland and Denmark striking a balance between high labor market flexibility and strong social safety nets. …

East Asia and Pacific
East Asia and Pacific is characterized by great diversity. The region’s 18 economies covered in the GCI 2016–2017 span a large part of the development ladder, from Cambodia to Singapore, and include three of the world’s 10 largest economies: China, Japan, and Indonesia. The region’s emerging economies, led by China, have been supporting the modest global recovery since the global financial crisis. These economies accounted for almost two-fifths of global growth last year, more than twice the combined contribution of all other emerging regions. Today, global economic prospects look less favorable as a result of China’s slowdown, anemic growth in Japan and other advanced economies, and persistently low commodity prices undermining the growth and public finances of several economies in the region — notably Indonesia and Mongolia.
The GCI results reveal contrasts in the region. Its advanced economies continue to perform strongly. Led by Singapore, 2nd overall behind Switzerland for the sixth consecutive year, these economies all feature in the top 30 of the GCI rankings. Losing ground since last year, Japan ranks 8th (down two) and Hong Kong SAR ranks 9th (down two). New Zealand advances three positions to 13th, while Chinese Taipei is up one notch to 14th. Further down, Australia (22nd) and the Republic of Korea (26th) both improve their scores but their positions are unchanged.
Among emerging economies, Malaysia (25th) continues to lead the region, despite losing some ground this year following six years of improvement. China remains steady at 28th for the third year in a row.
Reflected in the evolution of the GCI score since the 2007–2008 edition, the overall competitiveness trends for the region are overwhelmingly positive: 13 of the region’s 15 economies covered since 2007 achieve a higher score today, with Cambodia, China, and the Philippines posting the largest gains (see Figure 11). The only exceptions are Korea and Thailand, though for the latter the loss has been small and from a high base. …
The region’s advanced economies need to further develop their innovation capacity. Japan and Singapore are the only economies in the region among the world’s top 10 innovators, ranking respectively 8th and 9th in the innovation pillar. Japan, Korea (which has dropped from 8th to 20th in the pillar since 2007), and to a lesser extent Chinese Taipei (11th), have experienced a steady erosion of their innovation edge since 2007. Meanwhile New Zealand (23rd), although it has improved significantly since 2007, Australia (26th), and Hong Kong (27th) remain far behind the world’s innovation powerhouses.
Since 2007, most emerging economies have improved on the basic drivers of competitiveness (i.e., on the first four pillars of the GCI) — often markedly, though also often from a low base. With the exception of Malaysia and Thailand, these economies have made major strides in improving governance, including in tackling corruption. All of them except Thailand have also made significant progress in terms of transport infrastructure… A similar generalized upward trend is seen in health and basic education. … On the macroeconomic front, the situation has also improved almost everywhere, with inflation at a 10-year low in most economies. The fiscal situation is also relatively sound, with most economies posting deficits lower than 3 percent. The notable exception is Mongolia, where the macroeconomic situation remains worryingly volatile. …

North America
The United States ranks 3rd for the third consecutive year, while Canada ranks 15th. However, the evolution of how the two countries rank on various pillars sheds light on the forces shaping competitiveness among advanced economies at the forefront of the Fourth Industrial Revolution.
Both the United States and Canada outperform the Organisation for Economic Co-operation and Development (OECD) country average overall and on most pillars, although the OECD average beats the United States in areas such as macroeconomic performance and health and primary education (Figure 16). The United States lags behind Canada in the quality of institutions, macroeconomic environment, and health and primary education. Canada’s largest disparities with OECD countries are in business sophistication and innovation. The large domestic market in the United States represents a major source of competitiveness advantage over other advanced economies.
Since 2007, the United States has been falling behind both in absolute and relative terms in infrastructure, macroeconomic environment, and goods market efficiency. It has improved, however, on health and primary education, higher education and training, and especially technological readiness, one of the most essential pillars for taking advantage of new technologies.
Canada, on the other hand, has improved marginally in all efficiency enhancers, with markets for goods, labor, capital, and human capital remaining among the best-ranked of the OECD countries. However, Canada lags behind on innovation and business sophistication, which are especially central for advanced economies.
In the United States, innovation and business sophistication have improved; in Canada, they have deteriorated and could be slowing down productivity improvements. However, the business community in the United States is increasingly concerned about basic determinants of competitiveness such as infrastructure.

私見:ランク自体に一喜一憂するのは無意味ですが、ご指摘のとおりという面もあると感じます。日本の課題は、1st pillar: Institutions(ランク16位、スコア5.4)、3rd pillar: Macroeconomic environment(104位、4.1)、5th pillar: Higher education and training(23位、5.4)、6th pillar: Goods market efficiency(16位、5.2)、7th pillar: Labor market efficiency(19位、4.8)、8th pillar: Financial market development(17位、4.9)、9th pillar: Technological readiness(19位、5.8)に共通して、技術の発展、国内外の経済の連動性、資本主義・民主主義下での経済活動の積み重ねなどにより表れる時代背景に合わない、無駄な作業の多さ、効率の悪さ、機会の不平等、形式主義などを社会慣行・固定観念として引きずってしまっていることではないかと感じています。『日本のガラパゴス症候群』と若干激しいタイトルを付けたのも、この感触に基づきます。公債残高はすぐにはどうしようもないので 3rd pillar は今後も低迷し続け総合ランクにも負の影響を与え続けますが、efficiency や fundamental human rights さらには public welfare を総合考量的に尊重する方向に行けば、各pillarのスコアは上がり日本企業は強くなり日本国民の満足度は増して行くと考えます。ここ何年か同じ顔ぶれの、スイス(総合ランク1位)、シンガポール(2位)、アメリカ(3位)などが参考になるはずです。

日本のガラパゴス症候群 Vol.6(TimesHigherEducation World University Rankings 2016-2017 -THE世界大学ランキング2016)

The below three links (1.~3.) are in English.



1.  World University Rankings 2016-2017: results announced (September 21, 2016) | @elliebothwell @THEworldunirank @timeshighered

… Overall, 289 Asian universities from 24 countries make the overall list of 980 institutions and an elite group of 19 are in the top 200, up from 15 last year.

When analysing which countries achieve the highest average scores, Singapore comes top on all five of the pillars underlying the ranking – teaching, research, citations, industry income and international outlook. Hong Kong is second for teaching, third for research and fourth for citations.

Rajika Bhandari, deputy vice-president of research and evaluation at the Institute of International Education and co-editor of the book Asia: The Next Higher Education Superpower?, said that the “sharp rise” of Asia’s universities is due to three main factors: rapidly growing populations and demand for higher education in the region; governments making “significant investments” in universities; and improvements by individual institutions.

On advances at university level, she said that many Asian scholars who studied at Western universities are now academics in their home countries and have “really begun to transform their own higher education sectors”.

They have “brought back to [their] home campuses some of the teaching values of critical thinking and liberal education, as well as the idea of promotion based on merit and research outputs”, she said.

She predicted that there will be continued expansion of cross-degree and campus partnerships among institutions in Asia and the West, as well as a “huge push towards intra-regional higher education partnerships and mobility within the Asia-Pacific region”.

However, Richard Robison, emeritus professor in the Asia Research Centre at Murdoch University (@MurdochUni), said while there are a “small number” of Asian universities “making international strides”, many are much further behind.

When asked whether he envisioned some Asian universities competing with the likes of Oxbridge and the Ivy League, he said: “I can’t see them becoming giant intellectual hubs that some big Western universities have become over a couple of hundred years because they have a different idea about education and a different way of going about it.”

He said that Asian universities create a “very pressured environment”, have “a lot of learning by rote” and there is “not a lot of discussion in classes”.

I don’t know if that would translate globally, except in some of the narrow scientific and technical areas,” he said.

2.  World University Rankings 2016-2017: Standing still is not an option (September 21, 2016) | @phil_baty @THEworldunirank @timeshighered

… In 2004, our ability to support the higher education community advanced when we became one of the world’s first organisations to publish a global university ranking. …

In 2010, our world rankings were dramatically enhanced when, after almost a year of open consultation with the global community, we delivered a much more comprehensive version of the THE World University Rankings. We employed for the first time our current balanced range of 13 performance indicators, introducing new metrics for teaching and knowledge transfer in addition to research excellence. …

The Times Higher Education World University Rankings 2016-17 – our 13th annual publication – lists 980 institutions from 79 countries. Last year, we ranked 801 universities from 70 countries, up from only 400 universities in 2014. This year, we were able to draw on a database with tens of thousands of data points on 1,313 of the world’s leading research-intensive universities, compared with the previous year’s total of 1,128 institutions.

This year, we can draw on more than 20,000 responses to our annual academic reputation surveys – 10,323 responses, from 133 countries, to the 2016 survey combined with the 10,507 from last year. This year, through our partner Elsevier (@ElsevierNews), we are also able to examine 56 million citations to 11.9 million publications published over the five years to 2015. Last year, we examined 51 million citations from 11.3 million publications.

Although the overall rankings methodology is the same as last year – we have further enhanced the analysis this time by including books among the research outputs we evaluate, in addition to journal articles, reviews and conference proceedings. Some 528,000 books and book chapters are included for the first time, giving a richer picture of the global research environment.

This year, in another pioneering move, our calculations have been audited by PricewaterhouseCoopers (@PwC_LLP). …

3.  World University Rankings 2016-2017 methodology (September 5, 2016) | @THEworldunirank @timeshighered

… The performance indicators are grouped into five areas:

  • Teaching (the learning environment)
  • Research (volume, income and reputation)
  • Citations (research influence)
  • International outlook (staff, students and research)
  • Industry income (knowledge transfer)

Data collection
Institutions provide and sign off their institutional data for use in the rankings. On the rare occasions when a particular data point is not provided we enter a low estimate between the average value of the indicators and the lowest value reported: the 25th percentile of the other indicators. By doing this, we avoid penalising an institution too harshly with a “zero” value for data that it overlooks or does not provide, but we do not reward it for withholding them.

Getting to the final result
… For all indicators except for the Academic Reputation Survey we calculate the cumulative probability function using a version of Z-scoring. The distribution of the data in the Academic Reputation Survey requires us to add an exponential component.

Teaching (the learning environment): 30%

  • Reputation survey: 15%
  • Staff-to-student ratio: 4.5%
  • Doctorate-to-bachelor’s ratio: 2.25%
  • Doctorates-awarded- to-academic-staff ratio: 6%
  • Institutional income: 2.25%

Research (volume, income and reputation): 30%

  • Reputation survey: 18%
  • Research income: 6%
  • Research productivity: 6%

Citations (research influence): 30%

Our research influence indicator looks at universities’ role in spreading new knowledge and ideas.

We examine research influence by capturing the number of times a university’s published work is cited by scholars globally. This year, our bibliometric data supplier Elsevier examined more than 56 million citations to 11.9 million journal articles, conference proceedings and books and book chapters published over five years. The data include the 23,000 academic journals indexed by Elsevier’s Scopus database and all indexed publications between 2011 and 2015. Citations to these publications made in the six years from 2011 to 2016 are also collected. …

International outlook (staff, students, research): 7.5%

  • International-to-domestic-student ratio: 2.5%
  • International-to-domestic-staff ratio: 2.5%
  • International collaboration: 2.5%

Industry income (knowledge transfer): 2.5%

A university’s ability to help industry with innovations, inventions and consultancy has become a core mission of the contemporary global academy. This category seeks to capture such knowledge-transfer activity by looking at how much research income an institution earns from industry (adjusted for PPP), scaled against the number of academic staff it employs. …

4.  THE世界大学ランキング2016 (2016年9月22日) | @ReseMom (Japanese)


World Vol.2(Troubled waters – the South China Sea)

Julian Lorkin’s interview with Shanghai-born Vic Edwards, a visiting fellow in the school of banking and finance at UNSW Business School and a part-time professorial visiting fellow at China Youth University of Political Studies in Beijing.

Troubled waters: Vic Edwards on the dispute in the South China Sea (w Video; August 17, 2016) | @JLorkin @UNSWbusiness

BusinessThink (@JLorkin): The Permanent Court of Arbitration’s ruling at The Hague in July has been rather coolly received, at least in China. It deals with thorny issues [of historic rights and the source of maritime entitlements] in the South China Sea, through which much of the world’s trade passes.
The question is, should Australia be worried and should China be concerned, particularly as the Chinese economy starts to cool? Let’s start with what China is calling the nine-dash line. What is the historical basis for their claims?
Vic Edwards: … So the US switched their allegiances to Japan and managed to persuade Japan to come on the side of the US, even though they were deadly enemies before that. And that was on the basis that they would save the life of the emperor, Hirohito, who was a godlike character in Japan. So by offering that as an olive branch, so to speak, Japan came onside with the US and with Great Britain in 1952.
(… 殺し合う敵だったのにアメリカが日本を同盟国に引き入れることができたのは、日本で神格化されていた天皇ヒロヒトをアメリカが救ったからだ。…)
​Over quite a long period there hasn’t been a great deal of difficulty and I think the position that China took was when you had the Permanent Court of Arbitration say that it wanted to arbitrate on the matter, China saw clearly that the international law of the sea, which they had interpreted as accepting their position of having the South China Sea, was therefore up for arbitration and dispute. Consequently, they decided not to submit themselves to the jurisdiction of the UN and the Permanent Court of Arbitration.
Now, that might have been their weak point because the court would have said that they were in fact subject to the jurisdiction of The Hague, whereas they had decided to withdraw from it because they felt that their position had been misrepresented. It’s not that they’re without support. They do have about half a dozen to a dozen countries that would give them some support on the matter.
(… 中国の立場が反映されていないと感じているので取り下げようと決めたのに、ハーグの常設仲裁裁判所が本件の中国は裁判管轄権下にあると言いそうだった点が中国の弱点だったかもしれない。中国を支持する国は5、6から12くらいある。)
And they are asking Australia to be very careful about drawing any conclusions or trying to make a judgment about what China should do. So we have already had one or two statements from Australia that China should comply with international law and they have responded by saying Australia ought to be careful because while we do have an international agreement for trade, that can very easily be dismantled.

BusinessThink: It sounds as if Australia could be in a position of trying to calm down the situation. Indeed, Australia could actually just pour a little bit of oil on those very troubled waters?
Edwards: … So I think that that’s a very positive thing between Australia and China, but by the same token Australia also has a very strong allegiance to the US. So consequently, I think one of the problems that Australia has is that it may be doing the beckoning of the US.

I think one of the problems that Australia has is that it may be doing the beckoning of the US.

The US, you might notice, has not actually come out strongly and criticised China on this matter, not directly. There are a few minor officials that have done so but you haven’t found Barack Obama coming out. And I think one of the reasons is that America itself does not comply with the international law of the sea and in fact it has not submitted itself to the jurisdiction of the UN here so it would be quite hypocritical if they were to criticise China in that position.
(お気付きかもしれないが、アメリカは実際本件について強く出たり中国を批判したりしていない。… アメリカ自体が国際海洋法条約を批准していないことがその理由の一つであると思う。アメリカは海洋について国連の裁判管轄権下にない。だから、アメリカが中国を批判すると、かなり偽善的となろう。)

BusinessThink: It’s a dangerous game to be playing, particularly as so much of the world’s trade goes through those areas. And we’ve seen, since the judgment, that a lot of people are quite concerned about what the possible outcomes could be. What would be the implications if, say, world trade was disrupted?
Edwards: … They’re saying that they’re not going to stop trade, they’re not going to stop fishing, they’re not going to stop peaceful planes from flying over the South China Sea. That will be continued just as it has been since 1948.

BusinessThink: Also in the area we’ve got Japan which has previously been – let’s call them neutral for the sake of a better word – for many, many years since World War II. But now, of course, we’ve got the rise of a much more dominant Japan. Could that throw a spanner in the works?
Edwards: Well, that would be something that could be an undesirable eventuality. Japan has been peaceful because part of the 1952 agreement with the US and the UK was that Japan would not under any circumstances have any armaments, would not have an army, navy or air force. Now, Prime Minister Shinzo Abe has recently suggested that Japan needs to go back to a more defensive footing. Part of his excuse is China’s perceived aggression – and he may have some argument there.
(… 日本が平和的であったのは、1952年の米英との合意により、日本は非武装で陸軍海軍空軍いずれも持たないこととされたからだ。安倍晋三首相は、最近、日本はもっと国防に力を入れる軸足に立ち戻らねばならないと示唆している。その言い訳の一つは、認識されている中国の武力侵略である。…)
However, he has just recently got a majority in the Upper House – I think he’s even got his two-thirds majority – so he can in fact form an army, navy and air force. And he has said that he would like to form at least the army and perhaps the navy before 2018, which is the end of his term. So we won’t know what will happen then, but I would hope that nothing would happen in terms of having armaments, having any sort of warfare, having any sort of skirmishes. I don’t think that would be helpful to anyone and I really think it would be a lose/lose situation all round.

BusinessThink: All this controversy is happening just as the Chinese economy is slowing. What’s happening there?
Edwards: Well, I think we’ve had the global financial crisis; that’s one of the main factors that’s occurring. And also China is trying to transition from being an export-oriented economy to a consumption economy. Those two factors were always felt to slow down China and China had planned on transitioning from about 11.5% growth rate to about 7.5 % growth rate. But currently it’s running at around about 6.7%, so it’s a little bit under what it has planned for.
I think we should see it in perspective. That 6.7% is about twice as much as any other economy in the world and of course China is the big growth factor in the world.

Without China, the whole world would probably slump into another recession.

So what China feels should be done is that countries such as the US and the EU should try to pick up their demand for things. And as recently as two weeks ago, the G20 countries agreed that they would try to improve demand. But they didn’t have any specific targets to meet so I’m not sure whether they will do very much.
(… G20は具体的な達成目標を示さなかったので、成果があったかどうか分からない。)
The US also is at present concerned about its trade with China, about the outsourcing of jobs to China, and particularly with Donald Trump [saying] he would like to not have any outsourcing and he would like to have local employment, etc, in the US. So the outlook is not great. China is still saying that it will meet its 6.5% to 7% target and it is endeavouring to do so, but I think that they will have a little bit of difficulty, but they will still be well above the world’s norm of around about 3.5%.
(… ドナルド・トランプは中国に雇用をアウトソーシングさせず、アメリカ国内のローカルな雇用を生むようにしたがっている。そうすると、中国経済の見通しは良くない。中国は引き続き6.5%から7%という目標を達成すべく努力するが、少々難しく、それでも世界平均を充分上回る3.5%程度の成長に落ち着くと見ている。)
So Australia can still see that it will do well. In fact, in such things as coal, minerals, iron ore and agricultural produce, demand from China has picked up. But of course the prices are lower, so we don’t get quite the same bang that we used to.

ツイッター paper.li Vol.7

All the below links are in English.

弊社ツイッターアカウントの一つ @WSjp_insight のRTによる paper.li 掲載記事6件を貼っておきます。

Seattle’s Icicle Seafoods to be sold to Canadian aquaculture giant | @seattletimes

WSjp Australia Vol.4: @RBAInfo Bulletin June Quarter 2016 – Household Wealth, Manufacturing

Australia has moved 1.5 metres in 20 years and GPS can’t keep up | @keithbreene @wef

Melbourne researchers say they’ve developed a method of growing & implanting cornea cells | @abcnewsMelb

Why London won’t lose its crown as Europe’s financial capital | @CapX

Foreign Direct Investment (FDI) in the United States | @SelectUSA

ツイッター paper.li Vol.6

All the below links are in English.

弊社ツイッターアカウントの一つ @WSjp_insight のRTによる paper.li 掲載記事5件を貼っておきます。

@RBAInfo Bulletin June Quarter 2016 | @WSjp_insight

A new trade commission has warned the UK to treat China with “kid gloves”, and focus on attempts to secure deals with countries with “similar values” | @MkSands @CityAM

Spain’s Northern Coast by Private Rail | @ffdunlop @NatGeo

LifeSciences grant: 2016 Laureates #iGEM | @FranceScience

Franz Ferdinand, Whose Assassination Sparked a World War | @DSlotnik @nytimesworld