koizumi comments

Posted in: Nikkei index closes more than 11% lower See in context

The government must support the stock market - this is an imperative. The economy as a whole and the financial markets are completely connected. It's perverse, but ... if the markets collapse, the economy will also fail ... and take millions down with it, even those millions of people who have absolutely no direct involvement with financial securties.

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Posted in: Nikkei index closes more than 11% lower See in context

I sure hope this government has a PLAN B to support the stock market.

What they've done to this point is obviously not nearly enough.

If they could just get people in Japan to spend a little more of their massive savings ...

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Posted in: McCain vows to whip Obama's 'you-know-what' in last debate See in context

Make that August, 1961.

By the way, Panama McCain was NOT born in the U.S.

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Posted in: McCain vows to whip Obama's 'you-know-what' in last debate See in context

Hey Romeo,

Get a clue ... that Obama was born in Honolulu, Hawaii in August, 1964 is beyond question.

Why must you insist on questioning this fact? This kind of silliness blows my mind, dude.

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Posted in: Mid-sized insurer Yamato Life goes bust, affecting 1,000 employees See in context

Sorry, that's 1 Billion Yen, not $.

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Posted in: Mid-sized insurer Yamato Life goes bust, affecting 1,000 employees See in context

As I stated on these pages on 17 September - in response to some rosy comments by Japanese officials and foreign investors - my friend at New City Residence would be out of a job by year's end.

Well, sorry to say, Christmas comes early this year as New City, along with Yamato Life, filed for bankruptcy in the past 24 hours. It's the first REIT in Japan to go into Chapter 11 ... but will absolutely not be the last. The sector is in terrible shape right now. (I simply can't believe that New City has racked up debts of $ 1 BILLION plus.)

Now begins a coming rash of corporate busts in Japan. We can but hope that the government here will put sensible, prudent economic policies into place. Otherwise, this nation is easily in for another ten year recession.

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Posted in: Japan's housing market weathers subprime crisis See in context

Goldman Sachs ? Is this some kind of joke? This firm may not even be in business next year.

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Posted in: Japan's housing market weathers subprime crisis See in context

This fellow is whistling in the wind. Abosolutely nothing is 'over' here in Japan - especially when it comes to real estate. My goodness, have you looked at the Japan REITs lately?! They are TANKING! A friend of mine works for New City ... he will be out of a job before year's end, though all looked rosy a year ago. (And one major reason for this is the bonehead Nippon govt. decision making which DeepAir65 so aptly describes above.)

Of course the market will come back someday. But in the meantime, the shocks are going to continue coming ... and before all the dust settles, major consolidation will take place ... and a lot of losers will ... LOSE.

Shimada san is doing everyone a disservice by chatting on about a present/future he, nor anyone else, cannot possibly pretend to know. The current housing market is, in a word, volatile.

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Posted in: Why are Japanese people so apathetic toward politics? See in context

IchyaParadise,

You are so very welcome.

Do you think Obama will pull it out?!

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Posted in: Why are Japanese people so apathetic toward politics? See in context

BETTING,

You're right on the money. My Japanese in-laws never discuss politics, nor do they discuss anything of ANY serious import. I think this 'communication method' is to ensure that no topic ever gets anybody upset. Sorry, but I'm bored silly whenever I'm with these folks - and very appreciative of the fact that my wife herself is very interested in everything, including politics.

I'm also grateful that my better half, like me, doesn't watch television. Her family, like most other folks in Japan, are addicted to the horrid 'programming' here. Politics, like every other serious topic on the tube, is seriously dumbed down ... so we just switched to the internet, where there is literally a world of choice.

Yeah, the only people I've met in Tokyo who are seriously into political activity are SGI members ... they really get out the vote for THEIR candidates ... but you can't talk politics with them because they won't stop talking about their dear leader ... and why he, King and Ghandi are the three greatest peacemakers of all time. No matter that nobody has ever heard of the gentleman in the rest of the universe.

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Posted in: The Kiwi connection See in context

Dear Chris,

You are an excellent journalist but why ... why are you writing such a puff piece on this Mr. Williams from New Zealand.? He's no great shakes as a businessman.

His company, ValueCommerce, is currently in absolute meltdown mode, its share price having gone in two years from a high of 315,000 yen - to a price today BELOW 15,000 yen! No value for the money of any investor unlucky enough to have signed up with Tim. And yet, the tone of this piece is so upbeat and laudatory. Well, the wine angle is nice anyway.

If you're going to do business profiles, please focus on folks with a 'success' story, not a clearly demonstrable 'depress' one. Thank you.

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