Tag Archives: Japan

First! Japan Qualifies for 2014 FIFA World Cup Ahead of Everybody Else!

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Why Your Future is More Japanese Than You Think: Three Tokyo Trends to Watch!

Screen Shot 2013-05-27 at 14.32.28For anyone who was socialised in the developed world during the 1980s, 1990s and maybe even 2000s, Japan was arguably synonymous with one thing above all: technological magnificence, much of it in the service of futurism. As a whole, the West only managed to take industrial development to a certain point and no further: more than anyone else, it was the Japanese that transformed the world of nineteenth century-style factories churning out clunky analogue products into a universe of cute, smart electronics manufactured by R&D intensive laboratory-plants. Japanese ingenuity represented Advancement.

Yet in recent years, Japan seems to be pioneering a new form of whatever is to come for humanity – and it doesn’t look as sexy. Indeed, examining the various macro-trends within the Japanese economy and society as a whole – trajectories almost certain to be followed by much of the rest of the planet – the Brave New World being sketched out by this particular member of the G3 are enough to give us all pause for thought:

1. Bubble Mania. Way before anyone had coined the phrase ‘credit crunch’, the Japanese had produced a world-class real estate bubble, with select properties in the pricier areas of Tokyo reaching a stunning ¥30m/US$215,000 per square metre. The consequences were predictable: the asset bubble was pricked; the Japanese government bailed out horribly exposed financial institutions instead of letting them go to the wall; property prices collapsed anyway; and conventional economic growth has been unheard of in the country ever since. This did not stop the United States (and to a lesser but still vast degree, Europe) from copying this particular Japanese model.

2. Nuke Me Slowly. This is a caption from an ironic t-shirt that our CSO spotted being sported by a Yoshi’s Island player in London during the mid-1990s; however, the Japanese seem to have taken this exhortation all too literally, with the construction of nuclear power plants on earthquake fault lines yielding nation-defining results at Fukushima. This has not stopped other quake-prone nations – India, China and Iran amongst them – from opening nuclear power plants in catastrophe-guaranteeing locations.

3. File>Print x ∞. Confronted with a two-decade economic slump and reeling investor confidence, Japanese Prime Minister Shinzō Abe has responded in the manner required for testing times: ordering the Bank of Japan to print the bejesus out of what is left of the yen. This strategy – such as it is – may have the benefits of engendering a temporary stock market spike and giving a little bit of breathing space to vastly overstretched and uncompetitive Japanese exporters; it will also bring Japan to new economic lows while not solving any of its structural problems. Naturally, both local and global audiences – from idol group Machikado Keiki Japan to über-economist Joseph Stiglitz – are begging for more.

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The End of the World is Nigh: Häagen-Dazs to Close Last Ice Cream Shop!

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2014 Electronic Football Showdown: Canada Versus Japan, Again!

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Where There’s A Will: New Coca-Cola Vending Machine Slashes Energy Requirements!

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Man Versus Machine Latest: Machine Wins (Again)!

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We Will Rock You: Hundreds of Thousands of Tons of Japanese Earthquake Debris to Hit US West Coast by October 2013!

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Nippon e yōkoso…Sort Of! Survey of Crisis-Defined Japan Shows Multicultural Society ‘A Distant Dream’

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East Asian Tech Wars Latest: China Steals Innovation March on South Korea!

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One Fukushima is Not Enough! Restarted Japanese Nuclear Reactor in Compromising Position

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