Don’t declare victory for Abenomics yet

With the yen's falling to below ¥100/$1 for the first time since 2009 and the Nikkei’s posting five-year highs, analysts have begun declaring victory for the Abe administration’s campaign against deflation and slow growth. Paul Krugman, the intellectual godfather of Abenomics, has not quite begun his victory dance yet, but he is optimistic that under …

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Vaarwel and au revoir to Belgium?

The FT's Gideon Rachman weighs in on the Belgian "crisis" in a piece called "For Nations, Small is Beautiful."(I realize that this has little or nothing to do with Japan, a country Edwin Reischauer once suggested "may be the world’s most perfect nation-state," although with Okinawa as a prefecture, Japan is not nearly as perfect …

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Change the LDP, change Japan — now more than ever

David Pilling, the FT's Japan correspondent, indirectly responds to a point I made earlier this week when discussing Matsuoka's suicide in an op-ed entitled "No way back to old Japan" (subscription required).As the title suggests, he argues that Matsuoka's suicide actually marks the death throes of the old political system:The postwar system that is now …

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Demographics and political change

The Japan Times has a brief article about the Ministry of Internal Affairs and Communications' latest survey of Japan's population, conducted in October of last year.The survey found that Japan's population held steady at roughly 127 million people, but there was considerable change in the populations of Japan's prefectures, a continuation of the shift of …

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