Why Mr.Carlos Ghosn was kicked out of Nissan I saw this news interestingly. Renault open to Nissan pursuing merger talks with Honda, Bloomberg News reports https://www.reuters.com/business/autos-transportation/renault-open-nissan-pursuing-merger-talks-with-honda-bloomberg-news-reports-2024-12-18/ Mr.Carlos Ghosn might oppose to the merger with Honda and Nissan. Japan Ministry of Economy, Trade and Industry(METI) wanted to eliminate him. So he was arrested by Japan police. This is the reason why Mr.Carlos Ghosn was kicked out of Nissan. This is Japan, and this is the Japan.
2016/9/22 Foreign reserves of Japanese government: Foreign reserves = Short terms debts of Japan economy
Japanese foreign reserves August 2016
http://www.mof.go.jp/international_policy/reference/official_reserve_assets/2808.html
$1256 billion as Japanese foreign reserves
1. Foreign currency. $1193 billion
2. IMF reserve position. $12 billion
3. SDR. $17 billion
4. Gold. $32 billion
5. Others. $0.5 billion
Japan Government has $1256 billion as foreign reserves.
And Japanese economy balance sheets are below.
Balance sheet of Japanese economy
http://www.mof.go.jp/international_policy/reference/iip/2015.htm
Assets $9480 billion @2015 ($1=¥100)
1. Direct investment. $1516
2. Stock & Bond $4231 ($2695 is bond)
3. Derivatives $449
4. Others. $1804
5. Foreign reserves $1485
Debts $6094 billion
1. Direct investment. $243
2. Stock & Bond $3205 ($1336 is bond)
3. Derivatives $455
4. Others. $2189 # ($1471 is short debts) #
I wonder that Short debts in Debts is as big as foreign reserves.
This fact shows that foreign reserves are only for short debts.
And I think Japan government helps only banks when crisis happens?!
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