Chinese Military On "High Alert" After It Scrambles Fighter Jets To "Counter" Japanese Jets

Tyler Durden's picture




 

The one thing that most seem to forget in the epic 30 year old story (which has a very sad ending) that is the Japanese floundering economy, is that while the new Abe government may and will likely try everything to crush the Yen (which is already nearing the 90 USDJPY target, however briefly, before it resumes its grind lower once it dawns on investors what it will mean for the Japanese Treasury when bond yields soar), the main reason it has posted three massive monthly trade deficits in a row has nothing to do with its currency, and everything to do with what is now a permanent boycott of Japanese exports by China.

The paradox is that Abe, a well-known nationalist, may well crush the Yen but he will only aggravate Chinese tensions (thus hurting Japanese exports, GDP, and the current account even more) which recently approached boiling point on several occasions over the past few months, most notably in the spat over who owns the Senkaku/Diaoyu islands, and soon over other symbols of nationalist pride. And with the escalations coming faster and more frequent with each passing day, there is little room for optimism that despite all Japan is doing that its economy stands any hope of recovery in 2013 (or later).

In fact, the latest escalation in the seemingly neverending saga over a strategically located rock in the East China Sea, came hours ago, when Xinhua reported that Beijing has scrambled two J-10 jets to counter "Japanese military aircraft disrupting the routine patrols of Chinese administrative aircraft."

From Xinhua:

At a press conference, an official with the ministry confirmed that China sent two J-10 fighters to the East China Sea after a Y-8 aircraft was closely followed by two Japanese F-15 fighters as it patrolled the southwest airspace of the East China Sea oil platform on Thursday.

 

The two J-10 fighters were sent to monitor the Japanese fighter jets tailing the Y-8 as well as another Japanese reconnaissance plane spotted in the same airspace, the official said.

 

Furthermore, the official said Japanese military aircraft have been increasingly active in closely scouting Chinese aircraft. The activity zone of Japanese military aircraft has also expanded recently, which is the root cause of security disputes concerning territorial waters and airspace between the two countries.

 

The Chinese military will be on high alert and China will resolutely protect the security of its air defense force and uphold its legitimate rights, the official said.

Suddenly very real concerns over a flare up in military escalations aside, it doesn't look like anyone is ready to back down in what is becoming an ever more heated and rancorous expression of nationalist pride, and it certainly does not appear likely that China will lift its "blockade" on Japanese imports any time soon.

As to how China continues to see what is going on in Japan, we go to another Op-Ed from China Daily printed earlier today, titled "Unwise foreign policy turns Japan into own enemy" and this time even the Chinese propaganda is 100% accurate:

The Japanese economy, under the burden of years of deflation and an aging population, has been the "Patient of Asia" for the last two decades.

 

The Japanese people can cite many reasons for their economic malaise, from bad government policies that led to the forming and bursting of a giant economic bubble in late 1980s and early 1990s to cumbersome mega companies that have been losing money and shedding jobs due to increasing global competition.

 

More recently, the Japanese economy has suffered another blow due to a bitter row with China, a crucial trade and investment partner, ignited by Tokyo's repeated provocations over the Diaoyu Islands, an integral part of Chinese territory.

 

Yet new Japanese Prime Minister Shinzo Abe turned the facts upside down when he claimed Friday that China has deliberately targeted Japanese companies as part of a strategy to confront Japan over the territorial dispute.

 

It is true that economic ties between China and Japan have chilled considerably since former Prime Minister Yoshihiko Noda's cabinet decided to "buy" part of the Diaoyu Islands in September despite strong Chinese opposition.

 

The outcome is nothing but natural, as good economic relations are always based on sound political ties. It is naive to believe that Japan can maintain strong trade and investment ties with China while repeatedly provoking China on critical issues.

 

In addition, the pinch felt by Japanese companies results largely from an across-the-board boycott of Japanese goods spontaneously staged by Chinese consumers who felt betrayed by the bellicose Japanese government. The Chinese government has nothing to do with this.

 

Japanese politicians, including Abe, have only themselves to blame, because their brinkmanship is the root cause of the deterioration of China-Japan economic ties.

 

They have also been stoking fears about the so-called "China threat" in the broader Asia-Pacific region and trying to build a coalition of countries against China.

 

For many in China, Abe's latest remarks are just part of an attempt by the Japanese government to depict China as the villain and gain an upper hand in the territorial dispute.

 

But Tokyo is doomed to lose the gamble, as more and more countries have come to realize that China acts responsibly in the international arena and its development is a real blessing for the whole world.

 

Meanwhile, Japan has raised concerns in capitals worldwide that its increasingly hawkish policy toward China will further escalate the situation and pose a serious risk to regional peace and stability.

 

For Japan, its fragile economy is in urgent need of the opportunities a sound China-Japan relationship brings, but Japan's unwise foreign policy has made these opportunities harder to come by.

 

Thus it is of pressing importance that Abe immediately arrest his country's self-destructive tendency and put its foreign relations and economic recovery back on track so as not to waste his second chance at the top.

Bottom line: don't bet so fast on anything remotely resembling inflation or GDP growth in Japan yet. In fact, it may be time to take advantatge of the recent euphoria and to double down on red.

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Fri, 01/11/2013 - 18:58 | 3145782 Panafrican Funk...
Panafrican Funktron Robot's picture

It means in the face of pending defense cuts, starting a war turns that face away pretty quickly.  

Fri, 01/11/2013 - 12:41 | 3144419 oak
oak's picture

therefore, if japnese would like to fire the first shot, it must have the permission from usa, because of the treaty. abe is testing usa. so far, the speculation is that usa does not allow it. yesterday, japan claimed that it does not have such intention to fire the tracer. does every one thinks that we will get into the war with china only becaus of abe's madness? the treaty, in fact, prevent us to start the war with china, or go to the war. it is a double-edged sword.

Fri, 01/11/2013 - 13:20 | 3144565 reload
reload's picture

sounds more like a blunt sword

Sat, 01/12/2013 - 00:18 | 3146485 mjcOH1
mjcOH1's picture

"therefore, if japnese would like to fire the first shot, it must have the permission from usa, because of the treaty. abe is testing usa. so far, the speculation is that usa does not allow it."

 

If push comes to shove the Japanese won't be giving a shit what we have to say about it, despite the claims to the contrary, as Mitsubishi F-15s drop high yield H bombs on major Chinese cities.  

 

Fri, 01/11/2013 - 15:01 | 3144976 oak
oak's picture

"Bottom line: don't bet so fast on anything remotely resembling inflation or GDP growth in Japan yet."

there is thinking that china uses this oppertunaty to damage japanese economic. time will tell.

Fri, 01/11/2013 - 23:23 | 3146393 BigInJapan
BigInJapan's picture

There is also thinking that Japan cannot, will not, does not admit errors, at any point in it's history.

You got yourselves into this mess by fucking your own economy in the ass, then letting Ishihara push the right-wing agenda re: Senkaku.

Japan loses. Demographically. Economically. Militarily. Totally. Get your head out of your ass.

Fri, 01/11/2013 - 12:50 | 3144442 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

Isn't most of our shit in and around Iran, to help Israel (with whom we have no treaty) defend itself by attacking Iran to stop Iran from doing what it is already not doing?

And let's say we have a carrier or two.. how much trouble would the Chinese have sinking them?   I suspect Ivan might be willing to help them do so...

 

 

 

 

Fri, 01/11/2013 - 14:10 | 3144813 Uber Vandal
Uber Vandal's picture

The US has a long, documented TRADITION of honoring Treaties.

Fri, 01/11/2013 - 16:13 | 3145281 AgAu_man
AgAu_man's picture

The Chinese are just Beta-Testing their "Made in China" against the "Made in Israel" and "Made in USA" toys.  So are we.  Both sides know this too.  The masses don't... they are nicely distracted.  Dumb sheep!

QED

Fri, 01/11/2013 - 21:11 | 3146080 sadpanda
sadpanda's picture

That treaty is backed by the full faith of the united states government and politicians. Just like our t-bills. We live in interesting times.

Fri, 01/11/2013 - 23:00 | 3146351 Savvy
Savvy's picture

True. But if the US attacks Iran (China's biggest energy supplier) then the US may find itself fighting fronts in Iraq, Afghanistan, Somalia, Libya, Yemen, Pakistan, Uganda, defending Japan and fighting China. And fighting Russia over Syria if that piece of stupidity goes on.

US backs off Iran or goes to war with China. US backs off Syria or goes to war with Russia. So far bush/obama only stab the little guys in the back I don't expect that will change.

Fri, 01/11/2013 - 12:37 | 3144411 agNau
agNau's picture

How dare the Chinese create a competing reserve currency.
This was Very predictable. Everyone else moving from "The" platform has seen wrist slap. Yen trashing will continue. Escalation will continue.

Fri, 01/11/2013 - 12:05 | 3144301 SubjectivObject
SubjectivObject's picture

Smoke.  The Japanese should use smoke, to mark their territory. 

Different colors for different levels of alert.

Fri, 01/11/2013 - 12:20 | 3144368 Dr. Richard Head
Dr. Richard Head's picture

perhaps the Chinese could use a page from an old playbook and get the Japanese people hooked on opium.  Hell knows, the US is producing a lot of it in Afghanistan.

Fri, 01/11/2013 - 13:06 | 3144504 lolmao500
lolmao500's picture

That would be hilarious in a historic way but not very hilarious in a people's way.

Sat, 01/12/2013 - 00:24 | 3146493 mjcOH1
mjcOH1's picture

"perhaps the Chinese could use a page from an old playbook and get the Japanese people hooked on opium.  Hell knows, the US is producing a lot of it in Afghanistan."

Maybe we can get the Chinese hooked on green and white paper.     They get us hooked on sub-cost iShit for the entitled.   And the Japanese hook themselves on Hello Kitty and emo comics.

Fri, 01/11/2013 - 13:34 | 3144639 NoClueSneaker
NoClueSneaker's picture

... too expensive and too slow. Chinese triads r leading the cristal meth production. South Africa enjoys it every day. Japan should enjoy it, too - the grandpas in dypers could need some kick before they die.

Fri, 01/11/2013 - 15:54 | 3145203 AgAu_man
AgAu_man's picture

Yes, and Hopium is not only consumed very broadly in the US, but also promoted extensively with the G8 and G20.  It helps lift the GDP.

Fri, 01/11/2013 - 12:05 | 3144304 HelluvaEngineer
HelluvaEngineer's picture

Not sure I follow.  Where I come from tracer bullets aren't made out of rubber.

Fri, 01/11/2013 - 12:09 | 3144317 achmachat
achmachat's picture

you shoot tracer bullets across the enemy's bow as a very visible warning.

regular bullets have almost the same visual effect as the pilot going "pew! pew!"

Fri, 01/11/2013 - 12:20 | 3144367 HelluvaEngineer
HelluvaEngineer's picture

So I guess what they really mean is load all tracers instead one one every x rounds, and then fire warning shots and hope that you don't accidentally hit anything?  Yeah, that's a pretty dumb idea.

Fri, 01/11/2013 - 12:30 | 3144392 JackT
JackT's picture

It's like the movie TOP GUN. I wonder if any of them are flying around upside down flipping off the other?

Fri, 01/11/2013 - 13:30 | 3144615 midtowng
midtowng's picture

War is bullish! More destruction means more rebuilding. Therefore WWIII should send the markets to the moon!

Fri, 01/11/2013 - 13:55 | 3144735 optimator
optimator's picture

Careful guys, it's better to lose face than to lose ass.

Fri, 01/11/2013 - 12:03 | 3144289 ZippyBananaPants
ZippyBananaPants's picture

"You can blind fold them with dental floss"   Dice.

Fri, 01/11/2013 - 13:01 | 3144488 knukles
knukles's picture

Pin the tail on the monkey

Fri, 01/11/2013 - 12:03 | 3144290 Neethgie
Neethgie's picture

WAR, exactly how krugman would have fixed japans problems

Fri, 01/11/2013 - 12:20 | 3144365 Mad Mohel
Mad Mohel's picture

War is a little different than having your ass smashed into oblivion.

Fri, 01/11/2013 - 12:03 | 3144292 LongSoupLine
LongSoupLine's picture

Solved...

 

 

Bernanke...in the library...with a printer.

 

Fuck you CB's for your unintended consequenses of fucking full retard power grabbing.  Fuckers.

Fri, 01/11/2013 - 12:03 | 3144293 CrashisOptimistic
CrashisOptimistic's picture

Oil.  Oil.  Oil.

Watch this happen and then sit back and start to question the official reports of oil supply.

Fri, 01/11/2013 - 12:08 | 3144296 francis_sawyer
francis_sawyer's picture

My money is on Horrywood & Iceman... No wait ~ I'm going with Goose & Mavelick...

Fri, 01/11/2013 - 12:11 | 3144324 pods
pods's picture

I can hear it now:

"Tower, this is ahh Maverick requesting fryby."

pods

Fri, 01/11/2013 - 12:12 | 3144328 francis_sawyer
francis_sawyer's picture

Fryby's bitchez!

Fri, 01/11/2013 - 12:15 | 3144339 The Gooch
The Gooch's picture

High ARERT!

Fri, 01/11/2013 - 12:18 | 3144356 francis_sawyer
francis_sawyer's picture

You were in a 4G negative dive with a MIG?... May I ask what you were doing Lt.?

~~~

"Keeping up RERATIONS"

Fri, 01/11/2013 - 12:29 | 3144391 Buckaroo Banzai
Buckaroo Banzai's picture

"It is a stoly about a man's struggre with his own homosexuarity. That's what Top Gun is, man!"

http://www.dailymotion.com/video/x19yoq_quentin-tarantino-gay-top-gun_fu...

Fri, 01/11/2013 - 12:51 | 3144446 lincolnsteffens
lincolnsteffens's picture

Is that you, Tom Brokaw? I didn't know you were a ZH watcher

Fri, 01/11/2013 - 13:56 | 3144739 kralizec
kralizec's picture

I love ZH!  Y'all almost made me Roker my shorts laughing!  !

Fri, 01/11/2013 - 16:15 | 3145293 Matt
Matt's picture

If Chinese Tom Cruise is anything like Chinese Ricki Martin ...

http://www.youtube.com/watch?v=1TS5tvbYJsc

Fri, 01/11/2013 - 22:06 | 3146230 The Gooch
The Gooch's picture

Grow a sense of fucking humor, negs. I've worked, played music, studied martial arts and partied with many Japanese. I always wondered what they were ripping on me for (in Japanese) @ lunch. They were amazed at my chopstick skills and then they were drunk by 12:30.

Yashida Tatsuya - Drummer/composer extraordinaire - Whatever kit is on the stage

Sat, 01/12/2013 - 11:00 | 3146942 Gaffing_Nome
Gaffing_Nome's picture

Hmmm. This thread is pan something. As it goes lots o codgerish round here. I was going to get into something; lost interest. However...most piq. Anyways, spent lots of time in Japan, had Japanese roommates. Kicker. Was a studio drummer in the LA time passed and how the fuck did I end a damn PM bug. Here's my point...High probable we've been in the same room. I toured Japan many times, same with lots of places. If you played with him and others associated with that stuff (I can't remember the damn names for the Japanese bands. Last thing I remember was with banana melts, boredoms and temple acid mothers something.

Ummm..."long live...music and, fuck it. Can't be jolly much knowing ill never see lots of good ppl/go there. Fuka-Fucked. Odd, two uncles were pacific theatre, dad was Death-Marchy Bataan style. Too many jags round these parts flying into Tokyo to go Full-Tokyo Stupid on taco, seven stars...hello kitty? Cabbage Patch kids are the rage. MOAR DEMAND punch perms on em. (Had similar XP /w the natives mumbling about the chop-stick skills. Did they have you do the 1 grain of rice chop-grab? Attention-grabber in Shibuya insanity

Fri, 01/11/2013 - 12:39 | 3144413 S5936
S5936's picture

I kee you ...10 minute

Fri, 01/11/2013 - 12:48 | 3144434 NeedtoSecede
NeedtoSecede's picture

Hedgers, don't forget GODZIRRAAAA!

Que the music from Blue Oyster Cult and clear the JAF fighters to engage. Krugman demands WAR!

We are screwed...

Fri, 01/11/2013 - 12:50 | 3144443 francis_sawyer
francis_sawyer's picture

oh NO!... There goes Tokyo!

Fri, 01/11/2013 - 12:04 | 3144298 busted by the b...
busted by the bailout's picture

The last depression ended with WW2. 

This one?

Fri, 01/11/2013 - 12:07 | 3144308 CrashisOptimistic
CrashisOptimistic's picture

The last depression ended as Middle East oil came online.

Fri, 01/11/2013 - 12:53 | 3144457 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

You need to have shit to put the oil in, don't you?

 

A good way to have a great economy is to bomb the shit out of all the other ones for seven or 8 years.   The current Depression will end with world government, or, at least, a world banking power.

 

Guess who'll run it?

 

 

Fri, 01/11/2013 - 13:04 | 3144495 knukles
knukles's picture

Ah soooooo.
Leason flooor no lecluvelry is too many erectric cars?

Fri, 01/11/2013 - 19:07 | 3145797 Panafrican Funk...
Panafrican Funktron Robot's picture

Guess who'll run it?

The Three Six Mafia, of course.  Acadamy Award Winners.

http://www.youtube.com/watch?v=YxLaO2Ku-Ts

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