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2003.09.19 |
A big round of layoffs ahead at major Japanese banks. Now if they could only shed their gargantuan bad loan portfolios.
2003.09.19
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Here is another review of Lost in Translation, the movie filed inside the Park Hyatt Tokyo. The Miami Herald gives it 3 1/2 stars.
2003.09.19
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Call it the 8 1/2 minute missile gap.
2003.09.19
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The IAEA appears to be viewed as pretty toothless and it is unlikely the North Koreans will pay it much heed.
2003.09.19
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Nikkei slides nearly 100 points. Benchmark index closes back below 11,000.
2003.09.19
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Dollar fell sharply into 114 yen range. Japan's Finance Ministry warned yen's rise is excessive. That was a clear threat of imminent further intervention in the market by the Bank of Japan. In late Tokyo trading greenback rebounds to 115.33 yen in response to the tough talk from the finance mandarins.
2003.09.19
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It is amazing how many wealthy and seemingly intelligent people in Japan and elsewhere continue to fall for these WW2 Japanese bond scams and urban myths. In Japan it is usually referred to as the M-Bond. In every case the bonds held by the scammers or the dupes are either counterfeit or worthless. We suspect the same people who fall for this are now the targets of the Nigerian e-mail scammers.
2003.09.19
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Experts Fear N. Korea May Have More Nukes [AP World News]
Nippon Goro Goro comment: U.S. intelligence officials have been unable or unwilling to come up with a clear picture of the DPRK's nuclear weapons capabilities. Meanwhile, Pyongyang has repeatedly said it has or is building nuclear weapons. The Korean peninsula remains the most volatile spot on Earth and the Kim Jong-Il dictatorship the regime most apt to potentially cause the deaths of tens of millions of civilians, far surpassing the existing threat from Iran, Iraqi insurgents, Palestinian terrorists or Al-Qaeda.
2003.09.19
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Another indication of China's desire to put pressure on Japan to come clean on its WWII war crimes. Japan contends the Imperialist Army is defunct and others waived all claims in treaties and it's time to get on with it. Meanwhile, a rising number of revisionists in Japan claim that no such war crimes were committed in China -- it's all lies, etc. Not too different from the Holocaust revisionists. Only difference is that while that sort of talk is illegal in Germany, it does not cause a stir, even among government officials, in Japan.
2003.09.19
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For some the continual decline of land prices in Japan is more evidence of a deflationary slump. We like to view it as a continuing indicator of how over-priced land was during the bubble era.
2003.09.19
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As widely expected, Koizumi will shuffle his Cabinet on Monday, two days after his re-election as head of the LDP.
2003.09.19
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The latest in an escalating series of complaints from around Japan about noise from U.S. military aircraft.
2003.09.19
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Mainichi Shimbun has an exclusive which provides the most details yet on the theory of the Fukuoka family killing.
2003.09.19
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