High commodity prices were a mechanism for enriching plutocrats, oligarchs and sovereign wealth funds – effectively turning global labour income into capital which was then recycled into securities, prime real estate and art…
Asakusa, a downtown area fast becoming Tokyo’s new hipster central, is now a destination for foreign backpackers.
Companies will lobby for less restrictions on immigrants. All such changes will work to dilute the corporate monoculture.
“So apart from achieving full employment and doubling stock prices in two years, what has Abenomics done for us? Absolutely nothing!”
In this age of womenomics and passive “herbivore” males, is there any room for the strong silent type prepared to risk everything?
They contribute to the profits of high-end stores in the Ginza, gadget shops in Akihabara and even the Yoshiwara, Tokyo’s fabled red-light district
The Topix Index is at its cheapest since Ali decked Foreman on a sticky October night in Zaire all those years ago.
Central bankers need the intellectual courage to face down hostile forces, just as Gary Cooper’s sheriff took on the gunslingers in Fred Zinnemann’s 1952 film.
Google has a market capitalization of $380 billion and employs 40,000 people. Toyota is worth $32 billion and employs 340,000.
Don’t tell me defaulting, depopulating Detroit is more “globally critical” than Tokyo, comfortably the largest city in the world by economic output.