Japanese finance minister says Tokyo cannot freeze Russian foreign exchange assets

It became known about the pressure that the United States is exerting on Japan in terms of pushing for the freezing of Russian foreign exchange assets. To date, the currency assets of the Central Bank of the Russian Federation, which the United States calls on Japan to freeze, amount to about 33 billion in dollar terms. However, Japan is in no hurry to do so. Moreover, there was an official comment from the main financial department of Japan, which is unlikely to please the White House.

The head of the Japanese Ministry of Finance, Shuniti Suzuki, during a speech in the country's parliament, said that Japan does not have a law that would allow freezing foreign assets.

Suzuki:

Our legislation, including the law on the Bank of Japan, does not provide for any freezing of foreign currency assets of foreign central banks. We cannot requisition such assets if they are held by our Central Bank.

Recall that Japan previously supported the main part of anti-Russian sanctions, after which Moscow announced its refusal to further discuss any issues related to the signing of a peace treaty. This statement by the Russian authorities became a real cold shower for official Tokyo, because in this case the “window of opportunity” (as they said in Japan itself) is closed in terms of discussing the issue of the South Kuriles.

In addition, Japan faces a choice - whether to buy gas from Russia for rubles or refuse Russian fuel imports. If there is a refusal, it will deal a blow to the Japanese economy, since in recent years Japanese companies (especially in the north of the country) have been actively increasing the volume of use of Russian LNG.

Comments

[mojohed2012]

The fact that the Japanese declare that there is no law on the theft of other people's gold and foreign exchange assets does not at all guarantee or prohibit them from stealing them in a robbery way and without regulatory justification without such a law.
Great Britain won and Poland did not adopt anything at all at the legislative level, and according to "instructions of policymakers" they simply squeeze out the assets of Russian businessmen and that's it.

[Murmur 55]

mojohed 2012 , another thing is interesting why, knowing about the beginning of the operation and the reaction of Washington, ours did not withdraw our assets from under attack.

[Mikhail Sidorov]

Because Mr. Siluanov said that no one would go for it. That this is an act of state terrorism. Like this. Mistake again.

[Carat]

You have to pay for mistakes. Everything is easier in business. Make a mistake and you're bankrupt. And among the officials, I am sure Putin does not recognize Siluanov and Nabiullina as guilty.

[Astra55]

Here's the thing about errors.
I'm not an economist, so maybe someone can explain.
We give them gas, they give us dollars. We are not satisfied, because the dollars on correspondent accounts can be frozen and we will supply gas for free. We are not satisfied with this. Everything is logical.
Now, they buy gas for rubles. We give them rubles, they give us dollars.
It turns out that we give them rubles for nothing, because, again, dollars can be frozen on correspondent accounts.
What is the difference between what was and what is now?

[military_cat]

Strange news. Japan froze the assets of the Central Bank of the Russian Federation 4 weeks ago.

https://www.kommersant.ru/doc/5238222

[Sahalinets]

Yes, the article is a complete lie. Japan froze the assets of the Central Bank of the Russian Federation for 33 billion dollars (!), And the Japanese minister said that the laws of the country do not allow them confiscate!

[krot]

another thing is interesting why, knowing about the beginning of the operation and the reaction of Washington, our assets did not get out of harm's way

Do you play chess? Sometimes the queen can be sacrificed to win..

[just exp]

Do you play chess? Sometimes the queen can be sacrificed to win..

+1 , I have said many times that this is done intentionally.
ours couldn’t help but calculate this (after all, before that they were actively withdrawing bucks from the reserve for many years), and then knowing that the fucking sanctions would trample on, not play it safe and withdraw money?
IMHO, ours counted on the fact that the mattresses would take these grandmothers and thereby compromise the dollar as the main reserve currency, and this paid off, even the six mattresses of the Saudis sent them timber and started trading for yuan, and 10 years ago no one would have thought what it was maybe.
and further more, and the UAE and Qatar sent mattresses, and India switches to national currencies, and China begins to trade for yuan, and this is more than half of the world's population and the largest Arab suppliers of oil and gas.
and the icing on the cake turned out to be that ours can now not pay for many loans taken in the west by our offices (that is, now they owe not to Western banks but to our state), for about the same amount.
and what does ours say that they do not refuse to pay loans, but they will also pay in rubles.
the ruble is reaching a new level of influence on the economy of the planet.
and 300 billion. yes, they have not been spinning in the economy before, so we will live without them. yes, the belts will have to be tightened, but not only to us alone.
I would also have knocked out a bunch of goodies for our production with neon supplies, selling it only to those who will transfer technology to us or will supply us with the required products.
this will help the Asians and specifically squander the mattress wash, since they will not have chips for either the auto industry, or the aircraft industry, or household appliances.

[Shurik70]

Quote: Astra55

Here's the thing about errors.
I'm not an economist, so maybe someone can explain.
We give them gas, they give us dollars. We are not satisfied, because the dollars on correspondent accounts can be frozen and we will supply gas for free. We are not satisfied with this. Everything is logical.
Now, they buy gas for rubles. We give them rubles, they give us dollars.
It turns out that we give them rubles for nothing, because, again, dollars can be frozen on correspondent accounts.
What is the difference between what was and what is now?

To get rubles, you have to sell something for rubles.
That is, as a result, goods come out to us, gas to them.
Although I'm not an economist either, I could be wrong.

[Vladimir 62]

trading rubles for dollars will take place on the Moscow stock exchange and through Russian banks, this is the difference

[just exp]

the bucks will still go through the mattress Fed.
the system is so arranged that all data for some currency is stored in the banks of THIS country. except for banknotes.
therefore, the states have banned the supply of bucks in the form of banknotes, because they just cannot be blocked.
that is, all rubles, if they are not on paper, are in the bank of the Russian Federation, all bucks in the UWB bank, all euros in the EU bank, all yuan in the bank of China.
they are simply an entry in the system of the issuing bank.
and that is, if the dollars are sold on the stock exchange in Moscow, then they simply correspond on a computer in the UWB. and the exchange must have an account on this computer (and in the FRS computer there will be a record that such a number of bucks were transferred from the account, for example, Shell to the exchange account, but how these bucks are distributed on this account is already the business of the exchange itself, that is, the exchange has its own a system where it is written that out of, for example, a million dollars on the account, 100 thousand belong to MMM LLC, 200 thousand to Agrobank LLC, and 700 thousand to Transholding LLC). and physically they (not even the bucks themselves, but zeros and ones bytes) do not leave the limits of this computer.

[NKT]

The difference is that they must open accounts in our banks, sell your euros on the stock exchange and banks and buy rubles, paying off with Gazprom. All this will happen within the banking system of the Russian Federation, which will exclude the possibility of freezing accounts in euros or dollars, plus an increase in demand for rubles.

[just exp]

will not exclude.
an exception will be only if they open dollar and euro accounts in banks of the country not under sanctions.

[just exp]

not the fact that rubles will be for dollars.
they can make another plan. transfer dollars to Chinese banks to the accounts of Chinese offices or the state, and from there, by agreement, deliveries of Chinese goods are paid for.
but it is also interesting what kind of scheme will be implemented.
given that the West raised a howl about this, then they will not be able to pick up bucks for gas and oil.

[IVF as]

As far as I understand, Putin does not have such things as a saber, there are a lot of moves to chop, let's wait.

[Alexander 3]

Is it a mistake.

[Mikhail Sidorov]

"it's more than a crime, it's a mistake" (French). J. Fouche.
The country's leadership really believes in this, or believed in some fair rules of the economic game.

[Napayz]

It is impossible to win in the game, the rules of which you follow alone (((((

[Mikhail Sidorov]

So you don't have to play tennis in a boxing ring.

[Flashpoint]

As the joke goes, it's not sporty, but it's effective. Don't take it as an advertisement for a book:

[Napayz]

So at first the bridge was generally proposed)))))))))))))))

[Bratkov Oleg]

Quote: Alexander 3

Is it a mistake.

Now the whole world sees, even without Japan, that the dollar and the euro are unreliable currencies. You need to switch to Yuan and Ruble.

[Radik Khaertdinov]

Bait. Trojan horse GDP! So compromise the dollar and the euro in order to transfer payment to rubles ... The goal is to hit the dollar and the United States with a sledgehammer, accelerate de-dollarization! GDP is a brilliant politician! Not like Western!)

[just exp]

well, it’s hardly Putin’s idea, but his plus is that he recruited sooooo competent analysts and strategists and listens to them.

[gansales]

Quote: Murmur 55

mojohed 2012 , another thing is interesting why, knowing about the beginning of the operation and the reaction of Washington, ours did not withdraw our assets from under attack.

What for ? This is the whole point. Let them pay in rubles, where to get it on the ruble exchange, which has already been created in principle .. The main gold reserves of Russia (2500 tons) have been accumulated and are located in Russia
Confidence in the US world banks and the dollar has been specifically undermined .. Many countries are beginning to slowly withdraw their assets, as they are afraid that they will also be frozen and taken away .. And Russia will return everything, and even with a lot of fat!
PS Western assets in Russia have settled almost as much as they have frozen. So in which case we will be quits.

[Tatyana Pershina]

“Don’t hope that once you take advantage of Russia’s weakness, you will receive dividends forever. Russians always come for their money. And when they come, don’t rely on the Jesuit agreements you signed that supposedly justify you. They are not worth the paper on which they are written. Therefore, it is worth either playing honestly with the Russians, or not playing at all" Bismarck

[gansales]

Quote: Tatyana Pershina

“Don’t hope that once you take advantage of Russia’s weakness, you will receive dividends forever. Russians always come for their money. And when they come, don’t rely on the Jesuit agreements you signed that supposedly justify you. They are not worth the paper on which they are written. Therefore, it is worth either playing honestly with the Russians, or not playing at all" Bismarck

Everything is happening now in Russia Barracuda Tatiana!
We live in interesting times

[mojohed2012]

Because the Head of the Central Bank has a bunch of diplomas and Western "recognitions" of her competencies in matters of public finance and gold reserves.
It's just that the head of the Central Bank does not pursue the goal of establishing the financial independence of Russia, strengthening its economic component, strengthening the economic stability of the Russian Federation from external pressure.
Regarding the relative trend of non-falling down of our economy and prices into a tailspin after the sudden sanctions and actions of the EU and the USA - this is not the merit of the head of the Central Bank, it is the merit of Putin and political actions to "issue reassuring comments", "confidence in the stability of the economy", "statements about the hypothetical transfer of settlements from the EU and the US to rubles" and so on.
In fact, another Chubais in a skirt is sitting at the head of the Central Bank, who, if he resigns, is 100% SURE, he will immediately drive off to the United States or Switzerland for permanent residence and will from there pee nasty things about Russia, Russians and their vatism, slavery and other nonsense.

[Geosun]

How can you not understand a simple thing, financial independence is a complete rejection of export-import! Are you calling for this?

[gansales]

Financial independence is to unhook the national currency from the predatory dollar exchange rate!
The dollar printing press in the United States is in the private hands of financial clans .. They can print papers in any quantity. And countries whose currency is pegged to the dollar can print their currency as much as green papers they received in the country and no more than that and at the rate that they are imposed Here is such a zagagaulina. It has been going on with us since the 90s.
And Putin's statement "What is everything now for Rubles" Shocked all speculators and especially those who print these green papers that are not backed by anything .. Yes, there will be a world crisis, perhaps even a world war or something like that is already underway ..
Russia took a chance (we have nowhere to go, hunted) WE GO TO YOU!

[maxxavto]

maybe this is a HPP of this type of gambit, sacrificing something to win, Putin said that the whole world would think first to invest in Western currencies and assets after freezing our funds on zapede

[tralmaster]

Try to answer the question where.

[Mobik]

There is an opinion that they were not going to fight, the military operation was not plan A at all, and not even plan B ...

[Bratkov Oleg]

I think they were going to fight, and it was inevitable, since 1990. Well, according to one plan, Russia broke up into a couple of dozen small states, and part of its territory went to Japan, China, Norway, Finland, Poland ... The rest would fight among themselves. According to another scenario, it was necessary to fight with the United States. And for 8 years in the Donbas they waited until 14.000 people of the Armed Forces of Ukraine were exterminated, because there were not enough Daggers and Vanguards, and, perhaps, something else that was guaranteed to pass American-made missile defense. Now the American generals are only confused: “Yes, there was no point in striking with the Dagger, we don’t understand why this is ..” And they try not to show how their hamstrings are shaking. And was there a point, or not, how can they judge, having nothing of the kind? Although 30 years ago they boasted about an irresistible non-nuclear strike, within half an hour, anywhere in the world? Russia will intercept some, significant or not, of the first strike against Russia. If the entire military power of the United States is directed against one object, it will most likely miss most of the strikes. And the US will not reflect anything in the first strike, all Vanguards and Daggers will reach the missile defense centers and command facilities, and it will be much more difficult to intercept the second wave of Russian nuclear warheads. In the meantime, the return of the territories of the Russian Empire, and the pushing of the border from the economic centers of Russia.

[Geosun]

Our assets are placed in our banks. But the banking system is designed in such a way that in order to transfer currency, even from our accounts to our own accounts, a request is submitted to the banks that issued this currency. That is, without the confirmation of the central banks of America or Europe, the currency cannot be transferred. And so they are on our accounts, only we cannot transfer them anywhere. And it is impossible to change the global payment system. There is simply nowhere to withdraw money.

[just exp]

you can withdraw it stupidly by transferring it to the accounts of Chinese banks, they will not be frozen without a conflict with China.
another thing is that ours left them deliberately.
for large fish and baubles should be large.
because she will not be flattered by the petty

[DenZ]

Quote: mojohed2012

Great Britain won and Poland did not adopt anything at all at the legislative level, and according to "instructions of policymakers" they simply squeeze out the assets of Russian businessmen and that's it.

Without a doubt due to the complete lack of conscience. The Japanese are still an eastern people, and not everything is as the Europeans and Americans want.

[NIKN]

Quote: DenZ

Without a doubt due to the complete lack of conscience. The Japanese are still an eastern people, and not everything is as the Europeans and Americans want.

I don’t want to deprive the people of Japan of conscientiousness with my opinion alone, but I didn’t notice much of the Japanese, unlike assertiveness, and also greed (well, probably prudence). And they know that the next unfriendly step, in contrast to the dubious ones, from abandoning the dispute over imaginary territories (by the way, these territories were needed more by the United States than Japan) will lead to a specific economic problem related to the deprivation of their quotas for catching seafood in our waters, which for Japan, not some kind of peace treaty, without which they lived quietly and have been living since the 45th year ..

[tihonmarine]

Quote: mojohed2012

The UK and Poland have not adopted anything at all at the legislative level, and on the "instructions of the policymakers" they are simply squeezing the assets of Russian businessmen and that's it

Pirates, robbers and the "hyena of Europe", they never recognized any laws, decency.

[Starover_Z]

Quote: mojohed2012

The fact that the Japanese declare that there is no law on the theft of other people's gold and foreign exchange assets does not at all guarantee or prohibit them from stealing them in a robbery way and without regulatory justification without such a law.

They probably decided to simply "not be dumb" like Europe and not let "bubbles in the basin" for their own needs when there is an urgent need for gas. Yes, and they probably don’t have rubles

[Sailor]

But this is already interesting! Apparently, they still want to freely buy our LNG.

[Murmur 55]

The Americans are simply greedy, they would offer Tokyo to be torn apart 50/50 and the Japanese would instantly pass the law and generally fuss.

[Carat]

Divide 33 billion by 2 to get 16,5 billion.
Because of 16,5 billion, Japan will not risk ruining its economy.

[Murmur 55]

Carat , the Japanese are on a short leash at Washington, so if a COWBOY orders someone to refuse him look at the Deutsche how actively the tisticulas are squeezing their doors.

[Carat]

They are brand new in Deutsche, not yet used to it. With Merkel, the Americans would not have gone so smoothly.

[Murmur 55]

Well, I would not say Merkel would have been after the start of our specials. the operation imposed exactly the same sanctions, and if I didn’t forget, under “her sensitive” leadership, SP-2 slowed down, slowed down and slowed down.

[Carat]

Quote: Murmur 55

and if I didn’t forget, with “her sensitive” leadership, the SP-2 slowed down, slowed down and slowed down.

The Americans slowed down, Merkel only threatened in words, but in reality she did not impose a single sanction against SP-2. On the contrary, I agreed with the Americans on completion. If Merkel had stayed as Chancellor for another year, SP-2 would have been working. For I thought about my country, and not about American Wishlist.

[gansales]

Quote: Murmur 55

The Americans are simply greedy, they would offer Tokyo to be torn apart 50/50 and the Japanese would instantly pass the law and generally fuss.

The Japanese are just afraid, they see perfectly and know how Amers throw many countries in case of danger to their loved ones .. And the Russians are now angry, patience has run out There are a lot of Japanese poachers and we won’t warn verbally, but wet And this is a billion-dollar business

[Murmur 55]

gansales , let's wait and see, but as for the poachers, how they played naughty in our waters and will continue to play naughty, for thirty years they have been at home there, and our brows frown and threaten with fingers.

[ANB]

. about poachers

Japanese poachers are rarely caught. Our own fishermen work with serious volumes, reloading the catch to the Japanese directly into the sea and not fixing the catch. So quotas are not used up.
And here it is to cover, if desired, even easier.

[Murmur 55]

ANB , yeah, like with the "black" lumberjacks, everyone knows everything, only they are in no hurry to oppose, so they will be as mischievous as they are.

[gansales]

Quote: ANB

. about poachers

Japanese poachers are rarely caught. Our own fishermen work with serious volumes, reloading the catch to the Japanese directly into the sea and not fixing the catch. So quotas are not used up.
And here it is to cover, if desired, even easier.

You are right and ours must be pressed first of all ... Why do we have such expensive fish in Russia? Because of these! To sink a couple of schooners and I think it will already be easier ..
And in general, it’s time for the Japanese to sue for their Fukushima, they have been pouring radioactive water into the ocean for many years now and All this ends up in OUR Sea of ​​​​Okhotsk with unique flora and fish stocks ..
We will still make their Japanese mother ...

[ANB]

. Sink a couple of schooners

Why drown them? Confiscate. The Japanese ships are good, the gear too.

[Mordvin 3]

Quote: Murmur 55

for thirty years they have been at home there, and all our brows frown and threaten with fingers.

What thirty years? My dad told me how they fired with rocket launchers back in the 70s with Japanese poachers.

[ANB]

. back in the 70s

It's true. But in the 70s, our fish and crabs were not sold to them.

[host]

Ha, we want to, but we can’t, the law doesn’t let go, we would like to squeeze it out.

[Carat]

They can be understood. The Japanese do not want to aggravate the current situation between the Russian Federation and Japan.

[YOUR]

Storm in a teacup. Independence in the international arena is shown.
Sobered by the lack of gas.

[Monster fat]

Biden will call Yap and they will hastily adopt a law on freezing the assets of foreign Central Banks. Business for a month or two.

[YOUR]

Biden is already starting to wag, so he said that he did not demand that American companies leave the Russian market, they did it themselves

[Carat]

Quote: YOUR

Independence in the international arena is shown.

Show do not show, as long as American bases in Japan have sovereignty, and hence independence is relative.

[Crete 25]

Freezer is broken

[rocket757]

The head of the Japanese Ministry of Finance, Shuniti Suzuki, during a speech in the country's parliament, said that Japan does not have a law that would allow freezing foreign assets.

. Oh how! Someone remembered the law!!!
And then, the impression is that many people put a big bolt on the legality of certain actions and do not worry at all.

[cniza]

Good time!

Now Uncle Sam will explain everything to him ...

[Ros 56]

If only I didn’t break the explainer, do you know how a pebble rolls from a mountain? First one, then another, then another pair, and so on until a powerful collapse. Of course, people are not stones, but the number of people who want to die for the striped ones will be sharply reduced.

[cniza]

Quote: Ros 56

Of course, people are not stones, but the number of people who want to die for the striped ones will be sharply reduced.

I really want to believe it, but while they are eating a cactus ...

[rocket757]

Uncle Sam knows how to be persuasive...
Some have understood this for a long time and do not snort at all and never.

[cniza]

Yes, it happens, or rather it has already been and soon they will start kicking it ...

[rocket757]

They had a samurai spirit ... ended a long time ago.

[Carat]

In addition, Japan faces a choice - whether to buy gas from Russia for rubles or refuse Russian fuel imports. If there is a refusal, it will deal a blow to the Japanese economy, since in recent years Japanese companies (especially in the north of the country) have been actively increasing the volume of use of Russian LNG.

In short, because of the American Wishlist, the Japanese did not want to ruin their economy.

[Jacket in stock]

We can not requisition such assets if they are held by our Central Bank.

He said not about freezing, but about appropriation.
These are different things.
Again, local city journalism lied.

[cniza]

In addition, Japan faces a choice - whether to buy gas from Russia for rubles or refuse Russian fuel imports. If there is a refusal, it will deal a blow to the Japanese economy, since in recent years Japanese companies (especially in the north of the country) have been actively increasing the volume of use of Russian LNG.

The United States will order, you will eat a cactus ...

[gansales]

Quote: cniza

The United States will order, you will eat a cactus ...

Victor can also put pressure hard .. Who are the Japanese and the South Caucasus, these are US cash cows and they grabbed them with ticks and military bases are there for this!

[cniza]

Yes, the United States is not so easy to remove from there ... Japan is occupied and is not yet resisting ...

[Ros 56]

There is one inconsistency between striped and partners. Well, well, somehow, quietly, those who are smarter move away from the hechemon, so that later they don’t bite their elbows, because in the end it will cost themselves more

[Artem76]

If our government completes the de-dollarization case, then these frozen accounts will turn into garbage. Why do we need garbage? Let them leave it to themselves, we will trade with them for rubles ..

[gansales]

Quote: Artyom76

If our government completes the de-dollarization case, then these frozen accounts will turn into garbage. Why do we need garbage? Let them leave it to themselves, we will trade with them for rubles ..

Well, of course it will not be garbage ... They will be calculated in territories!
Alaska for example..

[faiver]

interesting news, but I don't think it will last long...

[-Paul-]

Since that century, they owe us a lot of our gold, if with interest, a gigantic amount is obtained.
https://topwar.ru/152675-kak-japonija-prisvoila-zoloto-rossijskoj-imperii.html

[APASUS]

It turns out "gas station country" can kick hurt?

[gansales]

Quote: APASUS

It turns out "gas station country" can kick hurt?

It’s not just kicking anymore, but turning the world upside down .. Everything is moving towards this and everything that is being done now leads to this goal .. The world froze in anticipation of global changes in everything!

[power day]

Finally, the first sensible words, against the background of the general anti-Russian hysteria ..
Well done Japanese, with brains they are complete, in order

[evgen1221]

Gas, timber, fish, crabs, auto exports, spare parts Everything will go to minus for the Japanese, and for the Amerigi, the navel will be untied with resources to supply and ensure exports. The law will not be adopted for long, I think the Americans are actively hammering it in now, only after the confiscation, and we can fix something, and then the Japanese will only have to do hara-kiri with a full complement.

[Valery Vp]

We got out beautifully ... we would like it - we are glad, but for no reason according to the law, and then to whom to sell the Kruzaks ?.

[monah]

Quote: Astra55

Here's the thing about errors.
I'm not an economist, so maybe someone can explain.
We give them gas, they give us dollars. We are not satisfied, because the dollars on correspondent accounts can be frozen and we will supply gas for free. We are not satisfied with this. Everything is logical.
Now, they buy gas for rubles. We give them rubles, they give us dollars.
It turns out that we give them rubles for nothing, because, again, dollars can be frozen on correspondent accounts.
What is the difference between what was and what is now?

Why is it necessary to buy dollars? You can buy the necessary equipment from "partners" for rubles. I forgot, they have sanctions! Well, so they announced, even if their head hurts!