The world’s top public intellectual

Voting is open in Foreign Policy magazine and Prospect magazine's contest to choose the world's top public intellectual.The magazines chose a list of the top 100, available here, on the basis of the following criteria: "Although the men and women on this list are some of the world’s most sophisticated thinkers, the criteria to make …

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Japan’s revenge

Over at Project Syndicate, Thomas Palley outlines the argument about how the yen carry trade is fuelling global asset bubbles — although Finance Minister Omi denies that Japan's low interest rates are the cause of the carry trade.Aside from rehearsing the standard arguments about how Japan's barely-over-zero interest rates contributes to global instability and the …

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UN tells Japan to tend its own garden

That's the message one could conclude from criticism of Japan by the UN Committee Against Torture, calling attention to Japan's justice and prison system, and even criticized Japan for dismissing comfort women cases on the grounds that the statute of limitations had expired.As the FT's David Turner writes:The report comes at an embarrassing time for …

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Japan’s own Gramm-Leach-Bliley Act

The Abe Cabinet, in the interest of promoting a more globalized and more competitive Japanese economy, has announced that it will seek to repeal Japan's equivalent to the US New Deal-era Glass-Steagall Act, which was repealed in the US in 1999 with the Gramm-Leach-Bliley Financial Services Modernization Act. (The FT's coverage can be read here.)The …

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