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  • fuckedgaijin ‹ General ‹ F*cked News

"Still drinking champagne" on the Titanic-maru

Odd news from Japan and all things Japanese around the world.
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"Still drinking champagne" on the Titanic-maru

Postby Taro Toporific » Thu Dec 12, 2002 1:38 pm

Bad news comes in threes...
Japan's economy at risk of collapse KYOTO, Japan, Dec. 11
......The irony here in Japan is that despite this economic crisis, there are no bread lines. There are no unemployment queues. This country still enjoys one of the highest standards of living in the world. For the average Japanese, there isn't much pain.
___ "Although there is clearly a large hole in the bottom of the ship and people are drowning in regions of Japan, if you look at the people on deck and in the first class cabins -- they're still drinking champagne" said Noriko Hama, an economist at the highly regarded Mitsubishi think tank.And he believes Japan's ruling party and bureaucrats will stifle any attempt at reform. "Reforms and politicians in Japan are almost a contradiction in terms," he said.

2 Japanese Trading Concerns Are Planning to Merge in '03
TOKYO, Dec. 11 (New York Times)--- Two of Japan's largest and most troubled general trading companies, Nissho Iwai and Nichimen, said today that they would merge in April in an effort to survive in a shrinking industry..."The suspicion is that some of the remaining assets may include unrealized losses."

China overtakes Japan as No. 2 IT hardware maker -- China Online 12/11/02 22:25
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Re: Please Don't Drink and Drive

Postby Taro Toporific » Thu Dec 12, 2002 4:20 pm

Rob Pongi wrote:'The world is becoming like a lunatic asylum run by lunatics.' - David Lloyd George

SO?

What does this image mean in the hollow and empty reference, to each and every one of us from the previous usages of it you had confronted us in this excavation of meaning is a score of echoed dada realm of an apocalyptic accident?
In other words...
Image
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Japan's "Lost Decade" stretching to a baker's doze

Postby Taro Toporific » Mon Dec 16, 2002 9:49 pm

Taro Toporific wrote:Bad news comes in threes...
Japan's economy at risk of collapse


Just an nice turn of phrase in the New York Times...
Rumors of Japan's Recovery Are, It Seems, Exaggerated
By JAMES BROOKE / Dec 16, 2002

TOKYO -- Japan's lost decade is stretching toward a lost baker's dozen. Forecast growth of 1 percent in 2002 is expected to dribble down to 0.1 percent in 2003, according to a recent survey of economists.

Political gridlock blocks deregulation, smothering growth opportunities in health, education, housing and travel. As tax revenue dwindles to half of government expenditures, elderly conservative legislators cling to the ancien reigime by printing more and more bonds. And the fight against bad bank loans looks like a frantic scene from "The Sorcerer's Apprentice" as deflation and economic stagnation create bad loans as fast as banks can write them off...
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COUNTER-EXAMPLE

Postby Taro Toporific » Mon Dec 16, 2002 10:27 pm

Taro Toporific wrote:
Taro Toporific wrote:Bad news comes in threes...
Japan's economy at risk of collapse


Ok, ok. Just to be fair...
Japan's gloom is only on paper, say some analysts
The Business Times ( S'pore) December 16, 2002

Firms are booming, investment is up and living standards better

BEHIND the daily headlines that scream doom, gloom and crisis, Japan is actually doing quite well. Many firms are booming, investment abroad has soared and living standards are better ...
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