Very Interesting. However, seeing all the new research about austerity being self-defeating, would it not be better, economically speaking, to at least have a couple of years of debt financed stimulus before you raise taxes.
In the long run, one or two more years of deficit does not really contribute that much to the debt of a state and a stimulus that is not offset by raised taxes should be even more effective at creating demand.
I agree with your conclusion, however, if you are interested in the truth perhaps you should add that in 1965, the Japanese government gave $364 million to the Korean government for all war damages this also included the harm done to comfort women. Also, in 1994, the Japanese government created an Asian Women's Fund for further compensation. Each receiver was given a signed apology from the then prime minister Tomiichi Murayama, stating "As Prime Minister of Japan, I thus extend anew my most sincere apologies and remorse to all the women who underwent immeasurable and painful experiences and suffered incurable physical and psychological wounds as comfort women”.
Of course Japan's war crimes were ghastly, just as Germany's, Russia's etc., but how can Japan respond to accusations that their apologies are not “sincere”. The main problem, as I understand it, is the fact that China and South Korea politics are using nationalism to further their own goals, which it turns fuels nationalism in Japan. As long as they cannot disconnect Japans war crimes from today’s Japan (which I would argue has happened in Europa with Germany) this will continue indefinitely.