A mountain of debt, 1,400 times higher than Mt. Fuji

That would be the height of Japan's debt if converted into ¥10,000 notes, according to a Japanese Ministry of Finance (MoF) budget report cited by FT columnist Guy de Jonquières, in his column, "No need to panic about Japan's debt mountain" (sorry, subscription required).No need to panic, maybe, but certainly need for concern -- and …

Continue reading A mountain of debt, 1,400 times higher than Mt. Fuji

Follow the (black, red, and) yellow brick road

The New York Times has an editorial today (registration required) that applauds Germany for its recent white paper on international security policy. The white paper calls for Germany to play a greater role in MOOTW operations -- including peacekeeping, post-conflict reconstruction, and counterterrorism operations.Sound familiar?This is precisely the role that Japan aims to play in …

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