February 22, 2002
The Sadness of Japan - (Economist)
This week's cover of 'The Economist' depicts a sad looking Japanese manequin with an interesting spin on the Japanese economy. The left leaning English-based magazine focuses in this article, legitimately, on the ability of the Japanese political-industrial-economic complex to change at any speed close to necessary to forestall a collapse. The Sadness of Japan article states: the only debate concerns how long and deep its recession will be. The charitable consider Japan an irrelevance. The less charitable see it as a liability. The panicky see it as a danger. Most Japanese simply shrug their shoulders. Things may well be on the move however. Word is out that a substantive, if only initial, breakthough is on the cards right now. A two day Japan stock market revival is also suggesting that someone may just have bitten the bullet. Chao Phraya River Rat in Asia Economy on February 22, 2002 05:05 PM |
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