Cerberus cuts back Japan operations amid lack of targets

Some people here speak like if in the West there thongs* are good.

Meh, I meant "the things", of course.

As long as America thinks they're on top they'll keep buying Japanese cars, video game systems, motorcycles, etc.

jeff, US is buying from Japan only 4th largest after China, Canada, Mexico. Japan's direct investment to US is 6 times larger than US's DFI to Japan.

www.mofa.go.jp > トップページ > 国・地域 > 北米 > アメリカ合衆国

Yeah, everyone knows the MSM is the alpha and omega of truth. /sarcasm.

IMHO, Japan probably came out of recession and didn't tell anyone.

Please read the Japanese language newspapers. It is telling loudly.

IMHO, Japan probably came out of recession and didn't tell anyone. I remember being a kid in 90s and anti-Japanese sentiment being high. As long as America thinks they're on top they'll keep buying Japanese cars, video game systems, motorcycles, etc.

Some people here speak like if in the West there thongs are good. In particular, I don't know how the US can save one country's economy and/or global economy in general when their own economy is a mess.

its is clear Japan's approach has not worked, as it is really no better off economically than it was about 30 years ago

It's also doing no worse, which is something those hyper-critical of Japan's approaches seem to forget to mention. Still low crime. Still low poverty. Still high literacy, education, universal health care. People have been saying Japan is going in the toilet for 20 or 25 years now. Hmm.

Is this what a failed economy looks like, desperately in need of reform? Sure doesn't look that way.

And no, I don't hate ideas because they are foreign. Plenty of robust companies with global views like the two you mention. But it's not the only way to do business. You wouldn't know that from the bleating of the "experts", though.

A complete myth. Maybe for Greece or African countries, which borrowed in currencies they don't print. Can't happen in Japan, (barring a coup by ignorant "sequester" politicians).

Jeff -- actually, it is your continued harping on this point that is "a complete myth". So what if Japan can print an umlimited supply of its own currency? If they did print enough to try to somehow reduce the debt load, it would simply cause huge inflation -- you do remember what happend in Brazil in the early 90's don't you? -- plus drive the yen down even further, which would increase costs of foreign goods even further, and thus shrink domestic consumption even more. You really need to understand economics rather than just memorize some theories/sound bites you read somewhere. Otherewise you sound just like the guy in the bar at Harvard spouting on about the origins of the Civil War, that Will embarrassed

"The poor young folks who will be working their whole adult lives simply to pay off the debt their parents and grand parents accumulated,"

A complete myth. Maybe for Greece or African countries, which borrowed in currencies they don't print. Can't happen in Japan, (barring a coup by ignorant "sequester" politicians).

jerseyboy, we get that you feel everything done in Japan is wrong, backwards. Only foreign ideas and capital can save Japan in your eyes.

Panadabelle -- actually, that is not true. But its is clear Japan's approach has not worked, as it is really no better off economically than it was about 30 years ago, when the bubble burst. They have simply done the same things over and over again, with the same result -- which, as I'm sure you know, is how Einstein defined insanity. So all I am for is some new ideas, regardless of origin, to try to get Japan back on track. For example, I applaud Softbank and Rakutan. People, like yourself, should not hate ideas, sinply because they are "foreign".

Japan doesn't need saving, and it doesn't need these sorts of vultures laying people off in the name of "turning the company around".

Really? We both no better. Tell that to the poor young folks who will be working their whole adult lives simply to pay off the debt their parents and grand parents accumulated, and won't/can't even afford to get marries or have kids.

jerseyboy, we get that you feel everything done in Japan is wrong, backwards. Only foreign ideas and capital can save Japan in your eyes.

Japan doesn't need saving, and it doesn't need these sorts of vultures laying people off in the name of "turning the company around".

The "distressed investment" vultures are leaving due to a lack of plundering opportunities. Boo hoo.

Good. Get out and stay out

Foolishness. Do you actually understand what value Cerburus brought to Japan? They bought distressed companies, put money and management into them -- AND THEM TURNED THEM AROUND. In other words, they rescued them. How are all those Japanese zombie companies surviving just based on crazy amounts of bank lonas doing? Don't read about many of them being turned around do you? Or did you miss the news on Sharp this week that is going to screw over its shareholders by reducing its capital base, because its numerous turn-around plans all failed. Yup, much better for Japan, right?

Good. Get out and stay out.

Well put, descendent!

Private equity = public inequity

The "distressed investment" vultures are leaving due to a lack of plundering opportunities. Boo hoo.