April 26, 2012

Think Things Are Bad in Japan? Wait

Jared Diamond, Bloomberg

AP Photo

Japanese economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt. The ratio of government debt to gross domestic product, currently about 2.28, is by far the highest in the industrial world, almost double that of even Greece and Italy, and steadily growing. Already, the combined costs of interest on that debt and social security are approximately equal to total government tax revenue.

Read Full Article ››



Following the scary but ultimately non-catastrophic Fukushima nuclear crisis, every country with a reactor had reason to review the safety of its existing facilities and the integrity of its regulatory systems. But prudence... more ››
April 19, 2012
Can Japan Make the Tough Decisions?
Fred Hiatt, Washington Post
The question here is no different than in Europe or the United States: Can democracies still rouse themselves to do hard things? Prime Minister Yoshihiko Noda, the sixth Japanese leader in as many years and by many accounts... more ››
April 19, 2012
Can the Tea Party Take Japan?
Molly Ball, The Atlantic
ONCE A YEAR, at a Marriott just a few blocks from the National Zoo, in Washington, D.C., the Conservative Political Action Conference convenes its own, somewhat less exotic menagerie of economists, activists, lobbyists, and... more ››
When Koreans were busy electing lawmakers Wednesday, an unthinkable event was taking place across the East Sea. The difference between similar previous rallies to reaffirm Japan’s claims for Dokdo islets and the latest one was... more ››