The new ministers just can’t keep their mouths under control—that’s the problem with the cabinet of Prime Minister, Yoshihiko Noda, himself in office only since September 1. This time it was Tatsuo Hirano, ironically the Minister for Disaster Management, who issued the latest gaffe by calling tsunami victims “idiots.”
Japan
Tokyo Tidbit: High Radiation, False Alarm, Real Danger
by Wolf Richter • • Comments Off on Tokyo Tidbit: High Radiation, False Alarm, Real Danger
All heck re-broke loose online when the Associated Press reported that a local resident, equipped with a dosimeter, had discovered a highly radioactive hotspot in a residential area of Tokyo, 145 miles from the crippled Fukushima nuclear power plant. Foreign media jumped on the story and speculated. But this time, it was different. And what else is hidden under floorboards?
Tokyo Tidbit: A Gruesome Bone Business
by Wolf Richter • • Comments Off on Tokyo Tidbit: A Gruesome Bone Business
Japan is Running Out Of Butter
by Wolf Richter • • Comments Off on Japan is Running Out Of Butter
Deflation In Japan and its Chances in the US
by Wolf Richter • • Comments Off on Deflation In Japan and its Chances in the US
Deflation phobia broke out again. Fed governor Bullard grumbled about inflation expectations being too low and threatened to print more money, while deflationistas paint the Japanese “deflation spiral” as sheer horror. So here is my experience with that horror.
Alas, in one category, deflation has hounded us for 10 years.