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Koizumi's Last Stand

Discussion in 'Issues Around the World' started by Sierra Mike, Dec 21, 2002.

  1. Sierra Mike

    Sierra Mike The Dude Abides Staff Member

    At last...things are heating up in Japan regarding the state of its desultory economy. And as one might suspect, Japan's Dapper Dan, Koizumi Junichiro, is gonna take it right in the labanza...

    One of the areas where Koizumi-san faces the greatest opposition is:

    Public works is the greatest political tool in Japan...essentially, this is the construction business, folks. And the construction business in Japan is rife with the yakuza, Japan's version of the mafia. Word has it that all the major political players in Japan's major prefectures are in the yakuza's pocket. If so, no wonder Koizumi has got his work cut out for him...

    Anyway. Read all about it at Last Stand

    SM
     
  2. Coot

    Coot Passed Away January 7, 2010

    Yep, it's an economic cesspool in Japan right now. The government is propping up the banks, the banks are carrying trillions in bad debt they are afraid to write off because already failed businesses would actually have to close. Here's another story on the subject.

    .
    We're beginning to feel it where I work. We're 70% Japanese owned, and while our business is thriving, the parent company is beginning to squeeze. Forced decapitalization of its successful American holdings to infuse cash into the parent company
     

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