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Russian Flyover Prompts Japanese Fighter Jet Scramble As Abe Opens Second "Disputed Island" Front

Tyler Durden's picture




 

While the collapse in China-Japan foreign relations (and subsequently, and much more importantly, trade) over a handful of islands in the East China Sea and strategically located near potentially vast maritime oil and gas reserves is by now well-known to everyone, what may come as a surprise is that while Japan is engaged in one mini cold war over disputed rocks with China, none other than Russia tested the waters overnight so to speak, with a fighter jet flyover above yet another set of disputed islands, the Kuriles located in the far north of Japan.

From Reuters: "Two Russian fighter jets briefly entered Japan's air space near disputed islands and the northern island of Hokkaido on Thursday, prompting Japan to scramble combat fighters and lodge a protest, Japan's Foreign Ministry said." In other words, Russia is making it very clear that as Japan loses more credibility in the foreign affairs arena, China will not be the only one to gain from Japan's loss, and that Russia has every intention of claiming what it too believes rightfully belongs to Putin. Which begs the question: how far is Japan's far more nationalistic current government willing to go to alienate yet another key trading partner, and was this the plane by the China-Russia axis all along?

From Reuters:

Russia, which is currently holding military maneuvers around the disputed Kurile islands, denied any such intrusion took place. Former Japanese Prime Minister Yoshiro Mori is expected to visit Moscow later this month to discuss territorial matters.

 

Japanese Prime Minister Shinzo Abe had told a rally he was determined to press ahead with negotiations with Russia for the return of the islands.

 

"I had telephone talks with President (Vladimir) Putin in December, and told him I would like to work to find a mutually acceptable solution to this last-remaining major problem between Japan and Russia," Abe said

 

"The government intends to follow its basic policy of settling the territorial issue and then sign a peace treaty. We will press ahead with negotiations with strong will so that progress will be made towards the conclusive resolution of the territorial problem."

 

Russian Prime Minister Dmitry Medvedev landed on the remote island chain in July, prompting protests from Tokyo.

The flyover was far from random, and was designed to send a clear message to Japan: "Thursday was Japan's "Northern Territories Day", when rallies are traditionally held calling for the return of the disputed islands it calls the Northern Territories."

Unlike the Chinese escalation which is over resources, the latest confrontation with Russia is about nothing more than nationalistic pride:

Unlike Japan's dispute with China over islands in the East China Sea, which are near potentially vast maritime oil and gas reserves, the feud with Russia has more to do with the legacy of World War Two.

 

Soviet soldiers seized the islands at the end of the war and the territorial row has weighed on diplomatic relations ever since, precluding a formal peace treaty.

And since "nationalistic pride" tends to grow in direct proportion with how much weaker one's opponent is perceived, we anticipate that Japan will now have its hands full with not one but two sets of disputed islands, in turn leading to more local calls for pushback, and an even deeper deterioration in the country's trade balance, until finally not even a Yen at 0 can offset the complete loss of export markets, coupled with energy vendors who are turning so hostile they can now openly hold Japan hostage at whim.

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Thu, 02/07/2013 - 11:02 | 3222856 scatterbrains
scatterbrains's picture

Mean while is that Satan standing over there in the corner ?

http://fiatflaws.blogspot.com/

Thu, 02/07/2013 - 11:06 | 3222865 MillionDollarBonus_
MillionDollarBonus_'s picture

America needs to get involved and sort this out once and for all. With great power come greate responsibility, and this nonsense has to end. Our CIA has professional negotiators who will be able to resolve this dispute. And if negotiation fails, then I'm afraid military force is the only option.

Thu, 02/07/2013 - 11:09 | 3222874 dick cheneys ghost
dick cheneys ghost's picture

Quick.........somebody call Sarah Palin

Thu, 02/07/2013 - 11:11 | 3222884 francis_sawyer
francis_sawyer's picture

Yeah ~ but Lerch will be "for" the fryovers until he's against them...

Thu, 02/07/2013 - 11:19 | 3222899 TruthInSunshine
TruthInSunshine's picture

Paul "Let's Set The World On Fire" Krugman has a non-nocturnal emission with every flyover.

 

p.s. Who will be the new Archduke Franz Ferdinand? Predictions please...

Thu, 02/07/2013 - 11:23 | 3222927 trav777
trav777's picture

BFD, Russia scraped their airspace...wasn't exactly a fucking flyover

Thu, 02/07/2013 - 11:29 | 3222954 TruthInSunshine
TruthInSunshine's picture

Krugman claims they buzzed their tower, causing one officer to spill hot coffee on himself resulting in serious burns.

Thu, 02/07/2013 - 11:40 | 3223011 SeverinSlade
SeverinSlade's picture

Positive development for Ron Burgundy's pants store.

Thu, 02/07/2013 - 14:24 | 3223563 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

 

 

Russia & China jointly bitchslapping the poor broke "west"... 

Who's the next Ferdinand?  It would be nice if it were Benny, woudln't it?   A man can dream..

 

Thu, 02/07/2013 - 16:43 | 3224045 mjcOH1
mjcOH1's picture

Was the spilt coffee a Starbucks? Buy buy buy!!!

Thu, 02/07/2013 - 16:55 | 3224091 BTFDemocracy
BTFDemocracy's picture

MillionDollarBonus_ & TruthInSunshine delivers again... :)

I am always conflicted when I see MillionDollarBonus_ comments, because I want to upvote and downvote them at the same time, but I can't have both.

Thu, 02/07/2013 - 12:05 | 3223112 Boris Alatovkrap
Boris Alatovkrap's picture

But Krugman, is not spill coffee good for economy? Spill hot coffee make is jobs for triage doctor and nurse, medical staff buy consumer goods, much money is make! Maybe is good spill whole pot of coffee!

Thu, 02/07/2013 - 12:11 | 3223147 CheapBastard
CheapBastard's picture

Sue the coffee maker...the delivery man...McDs for the much-too-hot coffee...and so on...

 

Stimulate the economy!

Thu, 02/07/2013 - 13:53 | 3223437 ACP
ACP's picture

Anyone who is familiar with Russian military discipline would know that they were probably just drunk.

Thu, 02/07/2013 - 22:23 | 3224887 Red Herring
Red Herring's picture

That was a dumb comment, and I gave you a red (herring). Like saying that last time russian jets buzzed US fregate a couple of years back it was because gay US navy were engaging in sodomy rather than watching the radar.

Stereotypes and underestimating always get you in trouble.  Afgan and Iraq were supposed to be a cakewalk 10+ years ago, remember?

Thu, 02/07/2013 - 23:02 | 3224963 Boris Alatovkrap
Boris Alatovkrap's picture

No, actually is Russian Army to drink lots. Russian infantry is drink more than shower.

US Navy is really sodomy!?

Fri, 02/08/2013 - 00:10 | 3225124 Red Herring
Red Herring's picture

Na zdorov'e, tovarish..... praporshick?

Thu, 02/07/2013 - 12:02 | 3223103 Boris Alatovkrap
Boris Alatovkrap's picture

You are belongs to Putin!

Thu, 02/07/2013 - 13:26 | 3223353 redpill
redpill's picture

Shirtless Putin!  Riding a horse!  And hefting a Kalashnikov!

Thu, 02/07/2013 - 15:45 | 3223855 TruthInSunshine
TruthInSunshine's picture

Rumor has it that Putin wrestled a Giant Vampire Squid into submission, and this caused much friction between Russia & the USSA.

Thu, 02/07/2013 - 22:58 | 3224948 Boris Alatovkrap
Boris Alatovkrap's picture

Hahaha! Vampire Squid! Rumor is grow bigger than Babushka's butt! Putin is not wrestle squid (how is can wrestle slippery sea mammal!?), but is wrestle bear. Putin is bite off arm of bear.

Thu, 02/07/2013 - 11:55 | 3222970 SeverinSlade
SeverinSlade's picture

With the way things have been escalating in recent months, I honestly think there's a strong possibility that Japan may be the sovereign that begins the domino effect that leads to a collapse in confidence in paper money.

I mean think about it.  Japan is today where the US will be in a few years.  Record low interest rates, massive public debt, aging workforce, plunging production levels, etc.  As ZH has pointed out so many times, even a slight rise in Japanese interest rates would mean all of Japan's tax revenues would be consumed by interest payments.  Which obviously leads to only one scenario: the BOJ openly monetizing every piece of debt issuance.

Such a scenario would mean that Japan would be hard pressed to continue buying US paper (and could conceivably be forced to begin unwinding its exposure to US debt). 

So we have either a collapsing Japanese bond market or a potential WWIII escalation (or both).  Japan/China/Russia fires first, forcing the US to pick sides.  Depressions almost always come after large scale wars.

Once global inflation begins to surge and bond yields begin to explode higher, the incentive for countries to move toward more stable (i.e. gold backed) currencies increases.  People forget that while the Fed and other CBs saved the day 5 years ago, today is a much different playing field.  Unconventional monetary policies (i.e. QE) have become the norm.  When deflationary pressures once again reemerge, the only card CBs hold is massively expanding their balance sheets and crushing their respective currencies. 

Thu, 02/07/2013 - 12:39 | 3223223 Bicycle Repairman
Bicycle Repairman's picture

Are China and Russia giving Japan the same kind of treatment that NATO is giving Iran?  Is there an Iran for Japan swap in the near future?

Thu, 02/07/2013 - 14:47 | 3223648 Panafrican Funk...
Panafrican Funktron Robot's picture

You know, I heard on the radio about one of the two aircraft carriers the US had in the Gulf moving out of the gulf, citing "concerns about military spending cutbacks".  My fucking ass it's about cutbacks (which btw are never happening), and they conveniently didn't mention where that carrier went.  Gee, should we just go ahead and assume it sailed west back to the US, or would we be "crazy conspiracy theorist" and suggest the more likely direction they're heading is east?

Thu, 02/07/2013 - 15:44 | 3223859 TPTB_r_TBTF
TPTB_r_TBTF's picture

It is no secret where the carriers are.  They canT hide them.

 

Where in the World is that carrier.

Thu, 02/07/2013 - 18:06 | 3224312 strangewalk
strangewalk's picture

The US gold depository at Ft. Knox and the New York Fed's underground vaults COMBINED contain approximately one troy ounce of gold for each person in the USA. The EU and other countries maintain an even smaller ratio. However, when all is considered the ratio of digital fiat 'paper' units for each person, which are spread out over countless global data bases in many esoteric forms (ie derivitives), is probably something on the order of 109:1. This calculation makes it simply overwhelming to imagine how anyone could even think about backing currency with gold today.

Gold can't realistically be used as a primary medium of exchange, but in Weimar Germany it could be traded for dollars or pounds. However, with all countres today engaged in lock-step currency debasement that will lead to global hyperinflation, whose paper money will be bought with gold?   

Also, is it actually possible to transfrom lead into gold? Yes!...and it's been done many times since Soviet engineers accidentally discovered at a Siberian nuclear site in 1971 that protective lead encasements inside a reactor had been changed into gold. Since then, everybody has been told that this process is nowhere near cost-effective, yet it's also known that related, highly secretive research was begun immediatly and has been conducted at a fever pitch ever since.

"Into the streets they will throw their very silver, and an abhorrent thing their own gold will become"--Ezekiel 7:19       

Thu, 02/07/2013 - 23:19 | 3225005 MeelionDollerBogus
MeelionDollerBogus's picture

can you be serious? Really?

“Gold can't realistically be used as a primary medium of exchange, but in Weimar Germany it could be traded for dollars or pounds. However, with all countries today engaged in lock-step currency debasement that will lead to global hyperinflation, whose paper money will be bought with gold?”

No paper required. Direct trade of goods for gold. If someone wants to dare issue their own non-central-bank paper against their own gold holdings so be it but the lesson to learn is the coin should always be in-hand, gold or silver.

 

“Also, is it actually possible to transfrom lead into gold? Yes!...”

 

 

No. You can smash neutrons into gold to make lead but to make gold GIVE UP a neutron would leave a short-lived isotope in a chain of decays. And none of it safe to handle which precludes any value for money OR non-nuclear industries.

 

"Into the streets they will throw their very silver, and an abhorrent thing their own gold will become"--Ezekiel 7:19

-10 for bible reference. One of the worst things to ever happen to humanity was religion. Almost as  bad for decrying anything of real value (gold, silver, bread, tools) be thrown to the street. Sheer nonsense. Smart people will throw their slave shackles to the street. Dumb people will throw their freedom in the garbage.

Thu, 02/07/2013 - 18:06 | 3224313 strangewalk
strangewalk's picture

The US gold depository at Ft. Knox and the New York Fed's underground vaults COMBINED contain approximately one troy ounce of gold for each person in the USA. The EU and other countries maintain an even smaller ratio. However, when all is considered the ratio of digital fiat 'paper' units for each person, which are spread out over countless global data bases in many esoteric forms (ie derivitives), is probably something on the order of 109:1. This calculation makes it simply overwhelming to imagine how anyone could even think about backing currency with gold today.

Gold can't realistically be used as a primary medium of exchange, but in Weimar Germany it could be traded for dollars or pounds. However, with all countres today engaged in lock-step currency debasement that will lead to global hyperinflation, whose paper money will be bought with gold?   

Also, is it actually possible to transfrom lead into gold? Yes!...and it's been done many times since Soviet engineers accidentally discovered at a Siberian nuclear site in 1971 that protective lead encasements inside a reactor had been changed into gold. Since then, everybody has been told that this process is nowhere near cost-effective, yet it's also known that related, highly secretive research was begun immediatly and has been conducted at a fever pitch ever since.

"Into the streets they will throw their very silver, and an abhorrent thing their own gold will become"--Ezekiel 7:19       

Thu, 02/07/2013 - 11:11 | 3222885 Dr. Richard Head
Dr. Richard Head's picture

Will she fly aboard a George W. Obama drone?

Thu, 02/07/2013 - 11:20 | 3222914 otto skorzeny
otto skorzeny's picture

she can see Putin wiggling his dick at her from her front porch

Thu, 02/07/2013 - 12:09 | 3223130 DadzMad
Thu, 02/07/2013 - 16:51 | 3224083 mjcOH1
mjcOH1's picture

In an alternate universe there's some serious shit going down there....

Thu, 02/07/2013 - 11:32 | 3222977 Groundhog Day
Groundhog Day's picture

When all else fails, distract them with WAR.

Thu, 02/07/2013 - 11:10 | 3222881 I need more cowbell
I need more cowbell's picture

Someone hit you with a down arrow? Yes, maybe your schtick is becoming a little stale, but brevity is the soul of wit and so I gave you the up arrow.

Thu, 02/07/2013 - 11:11 | 3222883 BillyBoy22
BillyBoy22's picture

All I know is that me and mine are not going to die over japanese rocks.  What happens when someone throws a war and noone shows up?  

Thu, 02/07/2013 - 11:15 | 3222904 Raymond Reason
Raymond Reason's picture

But they will show up, because the real war (as alex jones says) is for our minds.  And they won that one. 

Thu, 02/07/2013 - 13:26 | 3223354 WarPony
WarPony's picture

Fuck Jones: the pied piper schill for the Davos crowd.

Thu, 02/07/2013 - 14:02 | 3223474 WarPony
WarPony's picture

Junk me?  Does he ever mention Zionistas? = schill.

Thu, 02/07/2013 - 15:01 | 3223688 Raymond Reason
Raymond Reason's picture

He wouldn't be on the air if he did. 

Thu, 02/07/2013 - 14:44 | 3223635 Totentänzerlied
Totentänzerlied's picture

Shills are not automatically always wrong about every last thing.

Thu, 02/07/2013 - 20:34 | 3224016 WarPony
WarPony's picture

Exactly, the best lie is usually mostly true.  ... prepare to hard-turn before the lemming run meets the cliff edge ... just sayin ... feint within a feint

Thu, 02/07/2013 - 11:12 | 3222888 Dr. Engali
Dr. Engali's picture

I say the world's most peaceful and free nation does what no other nation in the world has done before...nuke the shit out of them....for the sake of peace and tranquility of course.

Thu, 02/07/2013 - 11:19 | 3222912 francis_sawyer
francis_sawyer's picture

Tel Aviv has its own nukes stashed around the globe...

Thu, 02/07/2013 - 11:25 | 3222937 Dr. Engali
Dr. Engali's picture

Just an fyi....It's Led Zeppelin ,Pink Floyd, Ac/Dc....The Carpenters are right out.

Thu, 02/07/2013 - 11:29 | 3222955 francis_sawyer
francis_sawyer's picture

Roger that...

Thu, 02/07/2013 - 11:30 | 3222966 Spastica Rex
Spastica Rex's picture

Have you never been mellow?

Thu, 02/07/2013 - 11:44 | 3223028 Dr. Engali
Dr. Engali's picture

Yeah I've been mellow on a few occasions.

Thu, 02/07/2013 - 11:51 | 3223054 Spastica Rex
Spastica Rex's picture

Here I am at the advanced age 47 in the great state of Warshington and marijuana is now legal to posses - but not grow, buy, or sell. I haven't been mellow in decades and it looks like old dead Karen Carpenter will continue to have to be the best substitute.

I keep telling myself I've only just begun...

Thu, 02/07/2013 - 11:57 | 3223080 Dr. Engali
Dr. Engali's picture

Well I'm about to turn 50 this year...it's probably been 20+ years since I've been mellow. Marrige with children does that to a person some times. 

Thu, 02/07/2013 - 12:02 | 3223099 Whiteshadowmovement
Whiteshadowmovement's picture

Shame on you guys...think of your blood pressure!

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