關於 japan outlook ，我們在網路上蒐集到這些相關的討論、資訊與評價

🌻這星期, 比較引起我注意的就是這幾個新聞了

☘️美國支付公司PayPal(PYPL)宣布，將以3000億日圓（27億美元）收購日本新創公司Paidy，以強化自家「先買後付」（BNPL）產品。

熟悉美股的讀者, 應該對BNPL不陌生了. PayPal這舉動, 其實也強化了跟Amazon的關係:
(from Morgan Stanley)
Provides potential for initial relationship with AMZN in Japan: We think the deal is most notable for giving PYPL its first entry into AMZN's large ecosystem, which PYPL has been trying to gain access to for some time. Paidy began providing BNPL services for AMZN in Japan in November 2019, and after the deal closes, PYPL should have a clear path to eventually sell some of its other core services to AMZN in Japan.

☘️lululemon(LULU)昨天(台灣周四凌晨)發表財報了, 股價跳漲10.47%.

Morgan Stanley:
We highlight margin expansion as particularly impressive against 1) higher eCommerce penetration, which has historically resulted in EBIT margin degradation for many other specialty retail peers, 2) the acquisition of MIRROR, which has not yet achieved profitability, & 3) already best-in-class historical operating margin levels. While some macro factors like lean industry-wide inventory levels may be partially supporting these results, in our view they point to a higher & more profitable growth trajectory for the business compared to the outlook pre-Covid. As such, though LULU’s P/E multiple sits at 46x, above the high end of its pre-Covid 18-41x range, we view current levels as merited against higher future growth & profitability. In our view, this may represent a more permanent valuation re-rating for LULU, & the stock likely continues to trade at elevated levels until results prove otherwise.

🌻Alphabet(GOOGL)今年的表現為什麼那麼亮眼?
今年最會漲的FAANG個股之一, 就是GOOGL了. 如果有在follow這家公司的讀者, 應該有發現他們的營收結構跟過去幾年很不一樣了(可以看下面的表格). YouTube以及Cloud業務成為新的營收成長動能.

Picture: 畫 from National Gallery of Art; 自製的GOOGL簡單營收分類表.

【2021 亞太安全對話 隆重登場】

台灣位處第一島鏈的戰略位置
是印太地區安全與繁榮的關鍵

外交部與 遠景基金會 共同舉辦 #凱達格蘭論壇2021亞太安全對話，將於8月31日以 #線上會議 方式隆重登場。

來自美、日、韓、法、澳、印、越、菲及新加坡等國16位政要及學者將聚焦 #台海、 #東海 及 #南海情勢，並關注 #全球供應重組 等議題， #最愛台灣黑熊的 美國前駐聯合國常任代表Kelly Craft將發表開幕專題演講！

論壇有4場次
1️⃣ 台海情勢與印太自由秩序
2️⃣ 四方安全對話(QUAD)的發展
3️⃣ 灰色地帶脅迫
4️⃣ 後疫情時代的經濟前景

馬上手刀報名凱達格蘭論壇安全對話
→連結請見留言

美國 The Project 2049 Institute主席薛瑞福、日本自民黨眾議員 牧島かれん ／ Karen Makishima、韓國前副總理玄旿錫、越南外交部前副部長范光榮等重量級人物都將出席

This year’s #KetagalanForum: Asia-Pacific Security Dialogue will take place on August 31 online! The opening keynote speech will be delivered by former #US Ambassador to the United Nations Kelly Craft, followed by a series of panels.

A distinguished range of political figures, scholars, and experts from #Taiwan, the #UnitedStates, #Japan, #France, #Australia, #India, #Singapore, #SouthKorea, #Vietnam, and the #Philippines will discuss regional security issues in the panel sessions, including Taiwan Strait developments, prospects for the Quadrilateral Security Dialogue, gray zone coercion, and the postpandemic economic outlook.

Panelists include Randall Schriver, Chairman of the Project 2049 Institute, Makishima Karen, Member of the Japanese House of Representatives, Peter Jennings, Executive Director of the Australian Strategic Policy Institute, Hyun Oh-seok, former Deputy Prime Minister of the Republic of Korea, Pham Quang Vinh, former Vietnamese Deputy Minister of Foreign Affairs and Bert Hofman, Director of the East Asia Institute of the National University of Singapore.

As the forum is taking place online this year due to the ongoing pandemic, MOFA and our co-host the Prospect Foundation are inviting you to take part. For more details on how to register, click the link in the comments section!

外交部吳釗燮部長受 #日本外國特派員協會 邀請，於今日線上演講，深度剖析國際現勢及台日合作友誼。

🔸國際關係轉變成民主與威權的對抗

中國的 #帶路倡議 使其影響力前進歐洲部分國家、非洲和南亞，同時也帶來債務、貪腐及侵蝕民主治理的痕跡。

疫情爆發後，更加促使民主國家和威權國家的戰略競爭對抗，中國的 #疫苗外交 則造成中、南美洲內部分裂的危機，也給了中國政府在西半球施加影響力的機會。

中國在印太地區大秀經濟和軍事力量，採取混合戰戰術，擴張其影響力。此外，東海和南海緊張局勢持續加劇，中國藉由 #灰色地帶戰術、過度擴張海洋主權聲索，以及部署海上民兵動用所有可能手段來引發衝突，距離正式引戰僅有一線之隔。

如果沒有妥善處理這樣的趨勢，民主國家的戰略利益將會受到影響。

部分西歐國家以及歐盟本身正在制定他們自己的 #印太戰略，部分東歐國家正呼籲退出17+1合作機制；全球多國亦正呼籲拒絕華為來實現乾淨的5G網路。部分歐洲國家也派遣軍艦到西太平洋執行自由航行行動，並與日本和美國舉行聯合演習，#這顯示民主國家正在覺醒。

🔸台灣正位於中國擴張主義的前線

台灣周遭的情況正在惡化。軍事威脅和脅迫、滲透、影響力作戰、灰色地帶戰術，以及大規模的假訊息攻勢都旨在侵蝕公眾對民主體制的支持，若將印太緊張局勢視為中國威權主義政權擴張的後果，台灣正位於中國擴張主義的前線，也是民主和威權主義間意識型態角力中的焦點。

我們理解自己的責任不僅是保護自身主權，更要保衛自由民主的台灣，避免落入威權主義之手。台灣政府和人民絕對致力於自我防衛。我們也期盼與理念相近的民主夥伴建立更好、更多的合作關係，強化因應共同挑戰的能力。

這次疫情凸顯出過度依賴單一市場的風險，應加快 #重組供應鏈 的速度，台灣有加入 #跨太平洋夥伴全面進步協定（CPTPP）的意願，深度的區域整合是支撐個別國家抵禦貿易報復的關鍵所在。

🔸台日友誼堅實而自由民主終將勝利

台灣和日本共享自由、民主、人權保障和法治等價值。過去幾年，雙方更是患難見真情。日本於2019年以正式夥伴的身分加入 #全球合作暨訓練架構 （GCTF），更建立台日堅實的夥伴關係。
近期，日本愈來愈公開表態支持台灣，也在近期 #G7外長會議聯合公報 中敦促世衛納入台灣。此外，日前的美日「2+2會談」、元首峰會、以及日本歐盟領袖峰會的聯合聲明均提及台海和平穩定，這讓台灣民眾感覺到，自己並非獨力對抗威權擴張主義；對於日本的支持，台灣銘感在心。

在這場捍衛民主與言論自由的戰役中，你我同舟一命。台灣不僅是可靠的夥伴，也是維持自由開放印度太平洋的一股良善力量。民主或許不是最強大的文明形式，卻是至今最具韌性的一種；只要齊心協力，台灣與日本定能共同茁壯。吳部長對自由和民主的力量深具信心，也深信 #自由和民主終將戰勝一切。
.
.
In MOFA Minister Joseph Wu’s recent speech to the Foreign Correspondents’ Club of Japan, he talked in depth about how the wake of debt and democracy erosion left in the path of China’s Belt and Road Initiative throughout parts of Europe, Africa, and South Asia has spurred many to awaken to the dangers posed by expanding authoritarianism. He also pointed to the increasing attempts by Beijing to leverage vaccines in order to put pressure on countries to adopt the political stances they demand of partners.

Despite the worrying outlook in the #IndoPacific arena, Minister Wu stated that like-minded countries like #Japan have shown enduring support for Taiwan and that the partnership between the two countries can benefit the wider region, as well as one another, including in the restructuring of global supply chains and in the operations of the CPTPP, which Taiwan hopes to join.

He also thanked the country for its recent public statements of support for Taiwan’s inclusion in the WHO and their cooperation in the Global Cooperation and Training Framework.

“Taiwan and Japan will be stronger together.”

Watch the entire thing here, including the Q&A, with questions on vaccines, Xinjiang and the potential of hosting Japan's former prime minister Shinzo Abe for a visit in Taiwan, among others: https://youtu.be/7IJGwQ5pRtQ
#StrongerTogether #AlwaysHere

On Taiwan Hashtag hosted by Ross Feingold, we discuss the overseas
reaction to the Taiwan election result. How will China, the US, Europe
and other stakeholder countries react? What is the outlook for Taiwan’s
Southbound Policy? Will Japan offer Taiwan closer relations in 2020? And
what’s next for US-Taiwan relations? Watch our show for post election
analysis of Taiwan’s foreign policy outlook.


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長野県から来てくれました、
寒いのに楽しんでくださいね、

白いカレーとダチョウカツトッピングで美味い、ってありがとう
ちょうど北摂のライダーズカフェ　CoRのママも居たので紹介しました、

また大阪堺美原に来たら遊びによってください、

日本初のダチョウ料理専門店、
ライダーズカフェMACHⅢ
大阪府堺市美原区北余部４６９－６
ＴＥＬ＆ＦＡＸ０７２－３６１ー３１７１
http://www.h4.dion.ne.jp/~maltuha/index.html
店休日のお知らせ、
毎月第一火曜日その翌日が店休日になります

* The formal nomenclature is "Hornet", and the name that puts "250" is an alias used to distinguish hornet 600 and hornet 900 that was born from the back for convenience' sake. 250cc model is often indicated in many cases if it is only said the hornet in Japan. Announcement in January, 1996.

* As for the feature on externals, this size wheel and tire, etc. are enumerated before and behind putting out improvement muffler and this company CBR900RR installed right under the seat caul the right side one.

* The power band in low and the inside rotation region is strengthened for flexibility under a wide running condition and four valve cylinder of four water-cooled strokes DOHC4 engine that has been succeeded since CBR250FOUR of the announcement in 1987 is installed.

* The feature is a cam gear train that drives the cam with the gear, and driving sound of the cam gear is suitable and plays a peculiar sound to with other sound sources. It originally has the origin as the engine for the racer replica, and Red Zone is a super-high rotation type power unit named 16000rpm-20000rpm. Therefore, the torque is comparatively thin excluding the factor by the displacement and the number of cylinders, and it can be said to the getting on digestion by the scene with a lot of addition and subtraction velocities that the crossing ratio making is a fault even if the point that skill becomes a necessary vehicle is a merit for the owner.

* It doesn't leak to multi Ki of the HONDA naked and the link mechanics is not given though Riyasaspention is a mono-suspension.

* Hornet DX (deluxe) addition in September, 2005. The first two-tone (It is red or yellow in the black) is adopted. The change is none in the performance parameters etc. other than the price.

* The minor change and the body color were reformed in December, 2006. The
color order plan ends.
o Standard: Black and white
o Deluxe: It is blue, silver or red in the black.

* Production end announcement in December, 2007. The balance of exhaust emissions regulations, the noise regulation, and the development cost or the succession models will not be announced.


Bolte (Volty) is a motorcycle to which the sea bass was doing the manufacturing
sales.

Bolte was put on the market in 1994. It was a naked type of 250cc with the outlook on ..retro-style.. Haz, and a curve part took charge and Every Good Boy Deserves Favour took charge of the body design with a lot of features that were.

It got into the news as "Price busting of the motorcycle" because of pricing that was under 300,000 yen that greatly fell below the market price of 250cc at that time. It is possible to visit production though the minor change is continued from release to 2004 for ten years, and suiting demand enough though it might be called an unpopular car.

This class was popular among the woman in a diminutive body and weight from the thing that the taking turning is easy. Bolte was used instead of Cab in the post office in the region part probably because of ..very good durability and fuel cost in addition... It often sees as a vehicle of delivery service by motorcycles now.

長野県から来てくれました、
寒いのに楽しんでくださいね、

白いカレーとダチョウカツトッピングで美味い、ってありがとう
ちょうど北摂のライダーズカフェ　CoRのママも居たので紹介しました、

また大阪堺美原に来たら遊びによってください、

日本初のダチョウ料理専門店、
ライダーズカフェMACHⅢ
大阪府堺市美原区北余部４６９－６
ＴＥＬ＆ＦＡＸ０７２－３６１ー３１７１
http://www.h4.dion.ne.jp/~maltuha/index.html
店休日のお知らせ、
毎月第一火曜日その翌日が店休日になります

* The formal nomenclature is "Hornet", and the name that puts "250" is an alias used to distinguish hornet 600 and hornet 900 that was born from the back for convenience' sake. 250cc model is often indicated in many cases if it is only said the hornet in Japan. Announcement in January, 1996.

* As for the feature on externals, this size wheel and tire, etc. are enumerated before and behind putting out improvement muffler and this company CBR900RR installed right under the seat caul the right side one.

* The power band in low and the inside rotation region is strengthened for flexibility under a wide running condition and four valve cylinder of four water-cooled strokes DOHC4 engine that has been succeeded since CBR250FOUR of the announcement in 1987 is installed.

* The feature is a cam gear train that drives the cam with the gear, and driving sound of the cam gear is suitable and plays a peculiar sound to with other sound sources. It originally has the origin as the engine for the racer replica, and Red Zone is a super-high rotation type power unit named 16000rpm-20000rpm. Therefore, the torque is comparatively thin excluding the factor by the displacement and the number of cylinders, and it can be said to the getting on digestion by the scene with a lot of addition and subtraction velocities that the crossing ratio making is a fault even if the point that skill becomes a necessary vehicle is a merit for the owner.

* It doesn't leak to multi Ki of the HONDA naked and the link mechanics is not given though Riyasaspention is a mono-suspension.

* Hornet DX (deluxe) addition in September, 2005. The first two-tone (It is red or yellow in the black) is adopted. The change is none in the performance parameters etc. other than the price.

* The minor change and the body color were reformed in December, 2006. The
color order plan ends.
o Standard: Black and white
o Deluxe: It is blue, silver or red in the black.

* Production end announcement in December, 2007. The balance of exhaust emissions regulations, the noise regulation, and the development cost or the succession models will not be announced.


Bolte (Volty) is a motorcycle to which the sea bass was doing the manufacturing
sales.

Bolte was put on the market in 1994. It was a naked type of 250cc with the outlook on ..retro-style.. Haz, and a curve part took charge and Every Good Boy Deserves Favour took charge of the body design with a lot of features that were.

It got into the news as "Price busting of the motorcycle" because of pricing that was under 300,000 yen that greatly fell below the market price of 250cc at that time. It is possible to visit production though the minor change is continued from release to 2004 for ten years, and suiting demand enough though it might be called an unpopular car.

This class was popular among the woman in a diminutive body and weight from the thing that the taking turning is easy. Bolte was used instead of Cab in the post office in the region part probably because of ..very good durability and fuel cost in addition... It often sees as a vehicle of delivery service by motorcycles now.