This is the first in what will be a weekly look at news from Japan and occasionally Korea. One thing you’ll discover your not the only ones with strange people, weird events and idiot politicians
Tuesday September 18
He may be the underdog in the race to become prime minister, but with his love of comic books and streetwise talk of pop culture, Taro Aso has plenty of support among Japan’s disillusioned youth.
“Aso understands the youth culture,” said 16-year-old Riku Shimoda, one of those who turned out to hear the two candidates vying to replace Shinzo Abe stump for votes in the neon-infested, teeny-bopper haven of Shibuya.
If one were watch the usual campaign rally in Japan 85% of those attending are middle aged or older. So its unusual for a candidate to attract any interest from the younger generation.
WASHINGTON – Former Federal Reserve Chairman Alan Greenspan, in his new book published Monday, blames the Japanese government for causing a decade-long economic quagmire that followed the burst of an economic bubble in the early 1990s. In “The Age of Turbulence: Adventures in a New World,” he says Tokyo’s reluctance to take bold action to resolve the bad-loan problems at Japanese banks, such as liquidating the assets of doomed banks, was more for “cultural” reasons than “economic” ones.
I know many people admire Alan Greenspan. However anyone with a rock rolling around inside their head could have told you that the economic malaise was the fault of Japanese government policy.