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One industry was in terminal decline before the corona crisis arrived, but subsequently made a miraculous recovery: the mass media
Tokyo
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His party political broadcast, mostly in idiosyncratic English, turned out to be a classic of the genre.
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Don’t tell me defaulting, depopulating Detroit is more “globally critical” than Tokyo, comfortably the largest city in the world by economic output.
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The threat of bankruptcy swept away politically-driven vanity projects.Nothing was too big to fail, not even the ruling family of Indonesia.
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Ishihara’s legacy includes exterminating thirty thousand crows and ordering the removal of the Tsukiji fish-market, much loved by tourists…
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The message was clear – deflation was the fault of Japan’s inadequately fertile womenfolk, not the elite officials of the central bank
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The man behind the counter preparing his food was the god-like Jiro Ono, creator of the Jiro-nigiri sushi style.
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Sinatra would disagree, but the answer is not New York. Despite the Olympic hoopla, London is not calling and neither is Paris
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The triple disasters of March 2011 – earthquake, tsunami, and nuclear contamination – offered a stark depiction of Japan’s strengths and weaknesses to the world and perhaps to the Japanese themselves.
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The Bank of Japan’s decision to adopt an inflation target and double its bond purchases completes the global flight to soft money.