Word: yens
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...high ticket prices mean artists and promoters cash in even on a relatively small show. "Before, you could see foreign artists for 4,000 [$34] or 5,000 yen [$43]," says Hirano, who books gaijin acts for Creativeman Productions. "Now it's 8,000 [$69] or 9,000 yen...
...into housing slowed, the sector experienced some illiquidity. Consumption growth waned and the rate of growth of the U.S. current-account deficit, which is the principal driver of international liquidity, decelerated. The impact wasn't felt right away, not least because Japanese and foreign investors continued to borrow in Yen and invest in higher-yielding, riskier assets around the world. As a result, several emerging and developed stock markets became perilously overvalued. As I warned in TIME's Jan. 29 issue, this debt-fueled euphoria created "the greatest asset bubble ever...
...trouble is, few temps can actually earn a living wage. Almost 40% of contract workers receive salaries that are less than 80% of a full-time wage, contrary to government guidelines. Haruko may command top yen on TV, but good luck jetting to Madrid on your off days when you make less than $11,000 a year, as 34% of male and 55% of female part-timers do. And even putting salary concerns aside, many of those part-timers would still opt for full-time employment if they could. Despite the damage it sustained during the lost decade...
...lovers' holiday in the west turned into a quasi-feminist chocolate orgy is unclear. The the first Valentine's sale in Japan took place in 1958 and Tokyo chocolatier Mary Chocolate's event generated 150 yen total in sales (the company sold three bars of chocolate in three days). Nevertheless, the marketing opportunity would not be lost in translation. According to the Chocolate & Cocoa Association of Japan, of the $3.6 billion annual sale of chocolate in 2005 (the latest available year), $400 million, or over 10% was spent during the crucial days leading up to Valentine's. This year, Japanese...
...main focus of the Feb. 9 Group of Seven industrial-nations meeting will be Japan's refusal to raise interest rates--weakening the yen and creating tough competition for European exporters...