Category Archives: Japan

Wolf Richter: “Who Could Trust Such A Company?” – The Big Fat Lies About Radiation Exposure Of Workers At Fukushima

Yves here. This post is yet another reminder of how most companies’ first line of defense when they have engaged in seriously bad conduct is to lie, no matter how flagrant the lie is. Recall during British Petroleum’s Deepwater Horizon crisis when the oil producer repeatedly and grossly misrepresented the flow rate from its out-of-control well.


Nikkei Disses Third Dose of Abenomics, Falls Nearly 4%

The financial media and investors were waiting tonight for Prime Minister Abe’s latest announcement on the extreme economic sport known as Abenomics. But his new installment dashed hopes, and after a short-lived rally, the Nikkei is down over 3%. But after the wild ride since May 22, when the Japanese index plunged 7.3%, a 3% decline is coming to look almost like normal daily volatility. (Well, now that it’s down nearly 4%, it might be a beast of a different color).


Japanese Movement Against TPP Growing

By Lambert Strether of Corrente.

This Real News Network video on resistance to the Trans-Pacific Partnership in Japan (one of our military protectorates) explains some implications of TPP for health care policy, but also gives a glimpse of how our post-national global elites would like the nature of the State to change. Of course, the TPP negotiations are secret, which cannot but give the impression that TPP’s advantages are not likely to be readily apparent to the citizens who putatively give sovereign states their legitimacy. So, although US discussions have focused mainly on content and intellectual property issues, it would seem that the powers that be have bigger fish to fry.


Yanis Varoufakis: Macroeconomic Experiments: Abenomics Versus Euro-Austerity

By Yanis Varoufakis, a professor of economics at the University of Athens. Originally posted at Australian Broadcast Corporation’s The Drum

In the long, unending wake of the global financial crisis, desperate governments and central banks are trying their hand at experimental economic policy mixes. Japan and the eurozone offer a glimpse of how radically different anti-crisis experiments can be.


Why Germany (Mistakenly) Thinks it Can Kill Its Export Markets Through Austerity and Still Prosper

I’ve mentioned repeatedly that Germany wants contradictory things: it wants to stop financing its trade partners (the periphery countries in Europe) and yet wants to continue to run large trade surpluses. I took this to be a sign of German wishful thinking, or just politicians figuring the incoherent strategy can still be maintained for the duration of their time in office.

A post by Yanis Varoufakis show that the Germans at least have better delusions that I realized.


The Island Dispute Between China and Japan: The Other Side of the Story

By Robert H. Wade, professor of political economy at the London School of Economics. Cross posted from Triple Crisis

The current dispute between China and Japan over a few barren islands inhabited by goats – called Diaoyu in Chinese and Senkaku in Japanese – looks at first sight to be a mere territorial spat. But it has escalated to a very dangerous level in recent months — first words, then actions of police forces, now actions of air forces, and, behind all these, both sides have mobilised all their military, political, economic, diplomatic, and cultural energies to engage in the dispute. It is more fundamental than normal territorial disputes, because the very identities of the two countries are at stake.


Philip Pilkington: The Japanese Stimulus – Will It Work?

By Philip Pilkington, a writer and research assistant at Kingston University in London. You can follow him on Twitter @pilkingtonphil

There’s a lot of talk flying around about the Japanese stimulus. Some appears to be misguided, some appears to be sensible.


Wolf Richter: How Americans Stack Up In Dying From Violence, War, Suicide, And Accidents

Now some new fodder for the gun-control debate that the horrid events in Connecticut suddenly stirred into a frenzy, though it had been snoozing through the daily drumbeat of murders in Oakland, CA, a few miles across the Bay from me, or in Richmond to the north, or really in any other city. The fodder is inconvenient, however. For both sides of the debate.


Hugh Hendry: ‘We’re in the death spiral of mercantilism’

You have to give a fund manager points for admitting to having a “history of contentious posturing.” Hugh You have to give a fund manager points for admitting to having a “history of contentious posturing.” Hugh Hendry’s also a reformed gold bug, which shows an unusual flexibility of thinking (once people join the gold cult, they seldom leave). Even if you don’t necessarily agree, his talk will serve as a useful grist for thought (hat tip Ian Fraser). Hendry discusses the end of an broadly adopted national strategy, mercantilism, and what he sees as the implications.