The funny part is that the Japanese just print the money and because it is recognised as a reserve currency they can takeover overseas assets cheap at the press of a button - it is also very cheap to them in their low interest rate environment.
And the best part of this takeover for them is that they will never pay Oz any tax. They will do what other overseas companies do (eg Glencore) a heap of tax evasion methods, eg borrow money from themselves (Japan Post is a major deposit holding institution in Japan) and charge a high interest to its Oz subsidiary for the funds it puts on its books (probably a lot of the funds needed for the takeover will be "borrowed"). This is essentially a long term costless takeover of a key asset.
Our Lib/Lab govnuts have lost the plot on foreign investment, and on taxation. All they can think of is to raise the GST to cover up for its eroding company taxes as our assets get sold off to overseas tax evaders.
loki
TOL Price at posting:
$8.93 Sentiment: None Disclosure: Not Held
