Word: japanize
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...What They're Selling In Namibia: On Oct. 28, Namibia's government held the first legal ivory auction since 1999, with more than seven tons of elephant tusks raising over $1 million from buyers in China and Japan. The sale--sanctioned by an international-wildlife-trade agreement--will soon be followed by auctions in Botswana, Zimbabwe and South Africa, with the proceeds earmarked for elephant conservation efforts. Detractors say the auctions could rekindle black-market demand for ivory...
...time I went to Tokyo, I don’t think I saw a single fat person. And that was in March, right before the slim-down program went into effect. It seemed like a memo for the States had gotten mixed up somewhere along the Pacific. Why was Japan, one of the slimmest countries in the world, where sweetened red beans count as dessert, undertaking such an ambitious weight loss program? Puzzling over this question, I was excited to learn that the executive director of Harvard University Dining Services, Ted Mayer, and the coordinator of the Food Literacy Project...
...Analysts in Japan say the U.S. faces a similar situation today. The Fed's recent rate cut "is better than doing nothing, but it will unlikely work so much as it did in the past," says Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo. Hiromichi Shirakawa, chief economist at Credit Suisse in Tokyo, believes that the Fed may bring its rates down to zero by the middle of 2009, as the U.S. economy slows in coming quarters. "Will it be effective or stimulative? My answer is not necessarily so," he says...
...global economic slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines the value of American currency vs. the yen - and a stronger yen is bad news for Japan...
...investors. The Fed has a new facility in the works, the Money Market Investor Funding Facility, that's intended to ease these pressures. Once that's up and running, don't be surprised if short-term interest rates keep dropping, even to 0% - as was the case in Japan from 1999 to 2006. The Fed would literally be giving money away...