Unless you are a Japanese citizen you can not own stock in or own a Japanese company. The only thing you can buy on the NYSE is a certificate, the name of which escapes me at the moment, that is actually 1/2 ownership of a stock certificate held by a Japanese citizen for which you pay the price of a full stock that he owns and on which you receive half of the dividend. They don't all it Japan Incorporated for nothing
You are free to believe whatever you chose and spend you money wherever you wish. What Toyota, for example, has actually done is take 200,000 high paying America jobs, from domestic manufactures that paid millions of dollar in federal taxes, that provided good benefits and defined pension plans and converted then into lower paying jobs in Toyota assemble plants that were built primarily with state and local tax subsidies, that pay fewer benefits and offer only 401K pension plans that are half paid by the employees. The American consumer is the one that is export their own jobs as well as sending over four billion dollars annually to Japan tax free. Even Toyota has stopped saying that their vehicles are American made, because of complaints to the FCC. Toyota now says in their ads that the vehicles are assembled in the US of 'world sourced parts.' If it is ones intend to help the American economy buy only those vehicles with a 75% American parts content label and a '1' as the first number of the VIN. Avoid those with a J, K, 2, 3, 4, 5, etc.
mike hunt
Rich wrote: