On the 28th, economist Yoichi Takahashi spoke about “press censorship’’ on a TV program he appeared on. In the LDP presidential election held on the 27th, Shigeru Ishiba defeated Sanae Takaichi in the runoff vote to become the new president. He will also be nominated as the 102nd Prime Minister on October 1st. The stock market reacted sensitively to this series of developments. With Takaichi’s failure to maintain monetary easing, Nikkei stock average futures have fallen by more than 2,000 yen as of 10:30 p.m. on the 28th. Takahashi apparently wanted to include these stories in the program, but… According to X, who updated on the 28th, “Reporting is immediately ’restricted.’ When I told the staff before the actual event that the “futures” had fallen by 2,000 yen today, they told me not to say that the reports would definitely mean that stock prices would fall. Because it would be a definitive decision,” he was told. He then said, “When I say futures are falling, it means that the market expects them to fall in the future, so I told them that futures are falling properly.” Takahashi also mentioned this matter during a YouTube live broadcast that same evening. “On Monday morning, (stock prices) will plummet. However, today I received instructions from the TV station saying, ’Please do not bully TV viewers,’” he began. The male staff member operating the camera responded by asking, “Did they say that?” Takahashi said, “Because stock prices are easy to understand. (The Nikkei average) had been rising steadily under Takaichi until the first vote (in the presidential election). As soon as it became known that it was Ishihara, (futures) plummeted. The market is honest. Trade is taking place all over the world. So when I told (the TV station) that this is a fact, they said, ’Please don’t make any definitive judgments.’ This isn’t a judgement. This is actually what’s happening. A story that anyone can see. I’m at my wit’s end…” he said with a wry smile. He further revealed, “Basically, it seems that the order has been sent to other TV stations, saying not to panic and say, ’Ishiba shock.’” He revealed that the television industry is also still feeling its way around.
It’s not good for a news organization to assume that a drop on Monday is certain just because futures have fallen. Why does the TV have such a high reputation for this Takahashi guy?
It’s true that the 225 futures have fallen, so that’s a bucket. It’s a categorical judgment to say that the Nikkei average will crash on Monday because the 225 futures have fallen, so it’s nauseating.
>>26 Also, on the side of justice, yesterday was awful. The former idol girl was yelling nonsense at Ishiba, who hadn’t done anything yet, saying “Get your act together already!!”
It’ll be good if it only drops 10% next week. After that, the real hell will start when they announce outdated Showa-era policies like fiscal discipline, regional revitalization, and elderly welfare.
Even if amateur investors who bought in at Takaichi take huge losses at Ishiba, it won’t change anything for their own lives. It’s like trying to find a reason for wild fluctuations with amateur investors.
Should I have said something like, “I think the stock prices of most stocks listed on the Tokyo Stock Exchange will fall sharply on Monday. They may even go down. Make sure you save your money.”
Well, obviously, don’t you know what will happen if you say on public airwaves that stocks will “definitely” fall? If you can judge right from wrong, you’ll steal a watch.
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