Monday, September 22, 2008

They need to read the NYT and Martin Fackler

Washington's bailout of Wall Street may also help bail out Japan, a nation hobbled by aimless leadership, punishing public debt, a dwindling workforce and growing weakness in the exports that power the world's second-largest economy.

"The very troubling international environment for Japan has become, virtually overnight, much brighter," said Ken Courtis, former vice chairman of Goldman Sachs Asia. (Washington Post)

Doesn't the Washington Post know that Japan is in a Zen-like calm and has no concerns about the US financial crisis?

Of course Japan does have tons of cash from its decades long trade surplus with the US and others. Neo-mercantilism has its benefits.

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