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anotherstage
09/25/2026 12:24
Release： 09/25/2026 12:24
Update： 09/26/2026 02:00
anotherstage
Investment style : Fundamental
Investment career : More than 10 years
Investment amount : More than 1 billion JPY
Born in Tokyo in 1957. After graduating from the Civil Engineering Department, School of Engineering, Waseda University, he worked for a major general contractor and joined Nomura Asset Management (formerly Nomura Trust & Banking) at the age of 31. After handling stocks, bonds, futures and options trading, he was seconded to Nomura Research Institute, where he excelled as a strategist. In the year he was seconded, he ranked as a strategist in the Nikkei Financial Newspaper (at that time) "Popular Economists Ranking." After returning to Nomura Asset Management, he worked as a fund manager, with his assigned funds being ranked No. 2 in Toyo Keizai’s annual performance list. In addition, as the person responsible for operations, he successfully established and listed Japan’s first listed investment trust (ETF), the "Nikkei 300 Leveraged ETF," and in 1996 became Nomura Asset’s first professional contract fund manager. Since then, for more than 20 years, he has gained experience in various investments including stocks, bonds, derivatives, venture investments, and real estate-related investments at Nomura Asset Management and other major asset management firms and banks. He also filed a business model patent in the mutual fund industry. Alongside investment operations, during his secondment to Nomura Research Institute, he has also worked as a critic and strategist. In addition to writing for economic magazines such as Weekly Diamond and Toyo Keizai, he has given numerous talks at management conferences and employee training sessions for listed companies, including the Economic Friendship Association (Keizai Doyukai) and the Japanese Securities Dealers Association. In addition, he has been involved in the launch of venture companies, funding guidance, management consulting, private placement debt refinancing guidance and execution, and other activities to start and cultivate venture businesses and support management. Representative, LLC Another Stage Regular commentator on Tokyo MX2 "WORLD MARKETZ" (Wednesdays) Instructor at Waseda University Extension Center Senior advisor for a certain real estate tech company ◆ Activities - Financial-related courses and seminars - Media appearances - Writing activities - Management consulting services, including broad financial matters - Fundraising: planning schemes and fundraising - Guidance on third-party allotment capital increases and selecting fundraising destinations - M&A support services - Real estate transaction support - Startup support 　　 ◆ Media appearances, etc. - NHK Special – "Tokyo Black Hole III 1989–1990: The Palace of Temptation and Sin of the Bubble" (NHK) - "Viking," "Good Day," "New News 2001" (Fuji TV) - "Hatori Shinichi Morning Show," "Good Morning" (TV Asahi) - "TIME LINE" (TOKYO FM), and more - Kyodo News / Nikkan Gendai - Shukan Bunshun / Shukan Post / Playboy / Friday / Monthly Entame - Gendai Business, etc. ◆ Publications - “An Approximately Forty-Single, On-the-Brink OL Studies Investing” (Shuwa System) - “The Inconvenient Truth of Abenomics” (United Books) - “1989 Nikkei Average 38,915” (Kawade Shobo Shinsha) - “202X Financial Asset Disappearance” (K.K. Best Seller)
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The weakening yen is making US trade difficult ～ The Japanese government casually utters a stark lie

From Mr. Trump: "There was talk that the U.S. trades are being strained due to a weak yen" / "Trump indicated concerns about a weak yen"
Trump voices concern about the weak yen, unusual mention at the Japan-U.S. summit - Nikkei Asian Review

It is said that it is unusual for the leaders of Japan and the United States to discuss exchange-rate levels, but this is entirely the Japanese side's argument. There have been no notable statements from the United States.

"Prime Minister Takai (Takae) talking about the weak yen ≠ Leaders of Japan and the United States discussing it"

"Prime Minister Sanae Takai said that 'in general, underestimating the yen is a problem,' but that is Japan's issue. It's inappropriate to talk to the U.S. president about lowering rates at the Fed, which seeks the lowest interest rates in the world."

In the first place, there is no situation in which the yen depreciation makes U.S. trade difficult. Indeed, the U.S. trade deficit is moving toward expansion, but with Japan specifically, there is an improving trend.

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From investing.com

Looking at the "trade statistics" published by Japan's Ministry of Finance, the U.S.-Japan trade imbalance is becoming near balanced in terms of savings.

The factors contributing to this include the United States' "crude oil (month-on-month growth: +1026.6%)", "computers (same: +327.6%)", and "liquefied natural gas (same: +206.5%)".

Ministry of Finance: Press release "Overview of the Trade Statistics for August, Reiwa 8 (Preliminary)".

From these realities, one can say that the United States is not in a situation where "U.S. trade is being strained due to a weak yen." In Takai's phrasing, "U.S. crude oil exports to Japan are thriving as the yen weakens."

While Japan's trade balance with the United States is moving toward balance, the overall U.S. trade balance is deteriorating, implying that the causes of "U.S. trade being strained" are not the weak yen but other factors such as tariffs and the AI boom.

The question remains: why does the Japanese government distort this reality and publish a false statement that "there was talk from Trump about U.S. trade being strained due to a weak yen"?