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« Respect his authoritah (prasad) | Main | Briefly, Libya (Cyrus) »

March 16, 2011


BOJ has expanded the QE program to 10T Yen to aid the recovery. However it needs to be signficantly bigger to have a meaningful impact.

Intrinsic Value

Most interesting reflections from one who has been there. I had no idea the Yakuza was so powerful relative to the entire population.

I think everyone remembers 25 or so years ago when that JAL plane crashed, killing 400 people. The CEO stepped down without hesitation, and I believe the executive in charge of maintenance chose seppuku. The cause of the crash was found to have been preventable error that was not prevented. A different era? We'll see.

@ Intrinsic Value:

I convert 10T Yen to US$127,796,000,000. Once the infrastructure of power, communications, and transportation is working, the Japanese reconstruction could actually spur the economy.

Norman, thank god you did not bury all this in the comments section and decided to put up a post instead. I often admonish Dean to do the same (in his case, it is e-mails). I agree with much of what you say although I do not have any detailed knowledge of the Japanese mafia and the extent of their influence. I have heard it is considerable. I guess the admirable and visible calm of Japanese society is a bit like ducks gliding on water. Things are serene above water but frantic activity occurs just under the surface.

The law abiding nature of the average Japanese is beyond debate, though. I shared an e-mail message with Sujatha about this very subject just yesterday. I told her about a news item I read decades ago when Japan experienced one of its earthquakes that resulted in widespread structural damage. A prison building suffered extensive damage, so much so that escape would have been very easy. Yet when the authorities took count after things settled down, every prisoner was accounted for. Not a single one had fled. They were all waiting to be transferred to an alternate facility! It is a bit scary when it pertains to individual liberties - the ingrained habit to follow the law. Yet, it makes things very orderly when disaster strikes and calm and cooperation are vital assets.

Norman, what a remarkable look at the hidden underbelly of Japanese society- I didn't think that the calm was that superficial, but leave it to you (the psychologist) to see through the veneer of exemplary community behavior.

I think they will be stronger coming out of this disater

Yes, they will be stronger, but that will take time, and also, it would also need the support of the world, since we all are affected by this.

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