 | SNS: Asia Letter, Q1 2022 JAPANESE DEFENSE & SHANGHAI DATA By Scott Foster "If you take a long view, you really have to bet on America recovering from whatever things it does to itself." - Singapore Prime Minister Lee Hsien Loong (The Economist, 11/27/21) "If you want to reestablish a complete semiconductor supply chain in the U.S., you will not find it as a possible task. Even after you spend hundreds of billions of dollars, you will still find the supply chain to be incomplete, and you will find that it will be very high cost, much higher costs than what you currently have." - Morris Chang, founder of TSMC "It is shocking that the Americans can't even get ambassadors to key countries like Korea and China. This is part of the dysfunction of the American political system, which has very harmful effects around the world." - Orville Schell, Director of the Center on
Japan's Military Spending Heads Toward 2% of GDP "As a token of his commitment to a stronger military, Mr. Kishida inspected the troops at Asaka army facility. On the premises, his address emphasized the need to 'debate acquiring a [first?] strike capability at enemy bases'. Not the first time for the statement but the location was symbolic. On to 2% of gnp." - Dan Harada, noted authority on Japanese politics and founder of political consultancy Nagatacho Forum, in a November 29 email |
