Word: tokyo
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...must keep a lid on deficit spending "to demonstrate that they're fiscally responsible," says Gerald Curtis, a Japanese-politics expert and professor at Columbia University. Not everyone is convinced they'll succeed. Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo, is skeptical that cutting wasteful spending will compensate for growing expenditures: Japan's aging population means social-security spending alone must expand by $10.7 billion annually over the next five years. "The DPJ will have to show people a consistent way to finance additional spending," Kanno says. "This has nothing to do with political ideologies...
...TOKYO Trendy Shibuyans fill their Anya Hindmarch totes ($98) with sweets and manga...
...with the launch of Gucci Icon-Temporary, a traveling pop-up sneaker store that will make its first stop in New York City next month. Two new Ronson creations, incorporating the brand's classic GG logo, will be introduced at each stop of the tour, including London, Berlin and Tokyo...
Second, the article by Hatoyama that caused so much fuss - initially published in The Voice, a Tokyo monthly, and (in shorter version) on the website of The New York Times and International Herald Tribune - does not read like some little op-ed casually dashed off by a summer intern. It is a thoughtful, sophisticated, and quite radical analysis of how globalization and the financial crisis have changed the landscape in which Japan and the U.S. find themselves...
...than Chinese or Indian ones. How Japanese is Japan? Well, consider this datum: Junichiro Koizumi, who led Japan from 2001 to 2006, and who in terms of economic-policy terms was the most "American" Prime Minister Japan has ever had, routinely paid his respects at the Yasukuni shrine in Tokyo, which memorializes those who died in war - including, inconveniently, a number of convicted war criminals from World War II. (Don't get me started on the revisionist history of the run-up to World War II - that's putting it politely - in the museum attached to the shrine...