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Economics – Japan in focus

Published on May 16, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert behold the Sacred Dow, worshipped by economists and analysts around the world and to which whole economies and jobs have been sacrificed to keep it rising. They compare the Japanese bond market to Fukushima. Markets have become so distorted by manipulation, they argue that like godzilla, one day the market will go where it needs to go and it will smash down buildings and economies with it. In the second half, Max talks to John Butler of Amphora about confusing price signals caused by market manipulating central bankers and the misallocation of capital this encourages. They also talk about Japan’s economy, Krugman’s bond allegations and Mrs. Watanabe’s gold shopping spree.

Sunday, May 19, 2013

#Idiosyncratic Japan: Business Is Good at Tokyo’s “Soaplands”, and They Call the Boom “Awa (Soap Bubble) nomics”

Ahhhhh this can’t be happening……

As Boy-wonder speaks of Japanese sex industry as solution to Marines in Okinawa and doubles down on his “opinion” that comfort women were necessary and they were no sex slaves and everyone did it, The Economist magazine puts wrinkled Abe as a superman of some sort flying over Tokyo accompanied by two Japanese fighter jets, and puts out an article titled “Japan and Abenomics: Once more with feeling” with the opening paragraph talking about price hike at “soapland” outfits in Tokyo that offer sexual massage.

Welcome to “Awanomics”. (“Awa” is bubble, as in soap bubble used in the soapland massage.)

From The Economist (5/18/2013):

Japan and Abenomics: Once more with feeling

The Shinzo Abe shaking up Japan’s economy seems a different man from the one whose previous premiership was marked by nationalistic posturing. He isn’t

IN “SOAPLAND”—Sopurando, a Tokyo red-light district—the price of a basic half-hour “massage” has recently gone up for the first time since 1990. Demand for the top-end, “highly technical” massage service, costing ¥60,000 ($600) a go, has also been soaring, according to Akira Ikoma, editor of My Journey, which covers the sex industry. He says it is all thanks to the surging stockmarket.

In Sopurando they are cheekily calling this reinvigoration “awanomics”, from awa, meaning bubble or lather. Elsewhere in Japan they call it Abenomics in honour of Shinzo Abe, elected prime minister in December 2012. Japan, Mr Abe declared as he took office, was back, and he lost not a moment in proving it. Having quickly assembled his cabinet, in January he announced a ¥10.3 trillion fiscal stimulus.

(Full article at the link)

http://ex-skf.blogspot.co.uk/2013/05/idiosyncratic-japan-business-is-good-at.html

May 19, 2013 - Posted by arclight2011 | Uncategorized