Back to the Future: Japan and the World Depression
Early one snowy morning in February 1936, a group of fanatical army officers staged a coup d’etat in central Tokyo
The Wheel of Fortune
At the age of fifteen he was living with a geisha, and in his thirties he led a group of hard-drinking, brawling Japanese miners to the high Andes…
Abenomics: the Moment of Truth
Most satisfying of all, Japan’s government bond market has remained as serene as a zen garden.
Winning the Currency Olympics
For them the euro is like the cockroach motel – you can check in, but you can never check out.
Abe Gets His Ya-Ya’s Out
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…
Japan Goes For Growth
The message was clear – deflation was the fault of Japan’s inadequately fertile womenfolk, not the elite officials of the central bank
Sayonara, Mr. Bond
They walk in cool and confident, armed with their PowerPoint presentations. They leave town horizontal, soaked in red ink.
Japan Reflates
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
Have a Golden Breakfast
Gold did not rise to these giddy heights by accident. A bull market of this scale requires widespread distrust of other financial assets, of the banking system, of capitalism itself
Killing Godzilla
Only right-wing nationalists, communists and neo-pagans dare propose the time-honoured method of regaining lost competitiveness