ECON: "...fooling around these days?"

[Taro Toporific]

Japan's safe haven
The International Herald Tribune / Wednesday, June 4, 2003
... Ichizo Yamauchi, 56, managing director of Kokusai Asset Management in Tokyo..."The problem is that we are looking at something more than just bad debts and bad economy," Yamauchi says. "The fundamental characteristics of the Japanese economy are changing."

Yamauchi triggers a wave of nodding heads when he gets more personal with the [Japanese] audience. "Look at your children," he says. "Aren't they fooling around these days?"

"I ask my audience, 'Do you think that these young people can compete with hard-working Chinese, for example, thus helping boost the value of the yen against other foreign currencies?'" Yamauchi said. "No one says 'Yes.'"

[Steve Bildermann]

Ichizo Yamauchi, 56, managing director of Kokusai Asset Management in Tokyo..."The problem is that we are looking at something more than just bad debts and bad economy," Yamauchi says. "The fundamental characteristics of the Japanese economy are changing."

Doesn't that beg the question. Which generation got Japan into the bubble / inflation / deflation / bad debt mess it's in now?

I wonder what Mr. Yamauchi and Kokusai Asset Management were doing 15 years ago during the bubble economy?

Practicing wise financial restraint no doubt.

[Taro Toporific]

I wonder what Mr. Yamauchi and Kokusai Asset Management were doing 15 years ago during the bubble economy?
Practicing wise financial restraint no doubt.

Mr. Yamauchi was already failed T-Bill trader when the Bubble burst.
"Kokusai Asset Management" didn't exist.
I was fvrking around clueless in AI.
And, Stevie B. was Pre-Bubble Pimp Daddy.