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What do Vice, the FT and the WSJ have that the Washington Post, Business Week and many other once iconic titles do not?
US
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Koizumi enacted a Japanese equivalent of the “Willy Brandt moment” at the Marco Polo bridge
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Google has a market capitalization of $380 billion and employs 40,000 people. Toyota is worth $32 billion and employs 340,000.
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The rhetoric from Congress would be blood-curdling. There might even be a repeat of the quotas and sanctions imposed on Japan in the 1980s.
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Since Japan’s problem is almost the mirror image of the turmoil buffeting emerging markets, there would be little downside in putting the pedal to the metal.
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Yet surely it is much too early for the soil to be falling over the head of Abenomics.
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The LDP, like the Rolling Stones, is a dinosaur outfit. Both lack the energy levels of their nineteen sixties heyday , but still manage to wipe the floor…
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The message was clear – deflation was the fault of Japan’s inadequately fertile womenfolk, not the elite officials of the central bank
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They walk in cool and confident, armed with their PowerPoint presentations. They leave town horizontal, soaked in red ink.
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Amidst all this activity, the position of Japan is absolutely, well, pivotal. From the US point of view, a wealthy, confident and committed ally is a vital asset in what it is likely to be a long drawn out strategic game