These days news articles about Japan tend to be very negative probably because it actually offers not many positive news. If articles are not negative, these tend to cover very fringes side of Japan like whaling and geishas etc. Journalists have no incentive to introduce normal aspects of life of Japanese which are functioning very well. Therefore people in any country tend to have distorted images of other countries. The distortion can only be fixed by living in other countries for long time to see ‘a real world’ or probably such distortion will not disappear from the mind of some people, no matter what. Or even more amplified after unsuccessful integration due to culture or language barrier. And some of these ‘cultural drop outs’ become extremists or critics of a country they once used to admire or dream about. Bin Laden and many recent terrorists are these examples. But some Japanese also become ‘xenophobic’ after their stay in another country, while many of us gain invaluable experience to enhance their life.
Is Europe Turning Japanese?
By Stephen Fidler: WSJ
“The dismal growth prospects of many European countries has raised an increasing number of questions about whether large parts of the continent will emulate Japan of the 1990s and endure a decade-long economic stagnation. On the face of it, a long-lasting Japan-style post-bubble slump with deflation seems a plausible outcome for a large part of the continent.”
It’s enough to deflate the Michelin man.
By Phil Izzo
A roundup of economic news from around the Web.
State Snapshots: The Joint Economic Committee has put together a thorough examination of the economies in all 50 states.
Japan Lessons: Adam Posen, an external member of the Bank of England’s monetary policy committee, presents lessons from Japan in a speech. “Ultimately, my main analytic point is for people to stop thinking of “turning Japanese” as a syndrome, some sort of strange condition into which an economy can fall.
Deflation Risks: David Beckworth doesn’t see much risk of deflation. “Yes, the U.S. economy has been plagued by a weak recovery, but the image one gets from this discussion is that we are standing on the precipice of another collapse in spending.
British news papers seem to write article about Japan based on second hand information like American news papers. And they really like to write eccentric things about Japan or its failures.
A Chinese supercomputer has ranked as the world’s second fastest machine, surpassing European and Japanese systems and underscoring China’s aggressive commitment to science and technology.
Wake up Japanese folks. Chinese are not a bunch of copy cats some Japanese want to believe. There are a huge number of brilliant Chinese people and Chinese are as hard working as Japanese, if not more.