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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: Step1 who wrote (1638)12/8/1998 8:44:00 PM
From: FACTUAL  Read Replies (2) of 3902
 
Greatly enjoy reading your observations. I am a bit puzzled as I had always viewed the country as where social cohesion was prime. Accordingly, the police did not investigate the yakuza, the businessmen bribed the politicians, and no one enforced any laws unless of course the offence was a deterrent to Japan's economic primacy. Foreign policy was simple- whatever furthered the economic interests was pursued the rest ( example Israel ) was ignored. Karel Van Wolferren's ( outstanding ) book seemed to summarize the state of affairs.

Suddenly, prosecutors are indicting businessmen and the bureaucracy, and the (reported) crime rate seems to have soared from assassinations on the street in Kyushu, to school children killing each other in horrific ways, to events like the Masumi Hayashi affair now a staple of the news. Middle East peace talks are now reported and dissenting views of the government have replaced the "it cannot be helped" viewpoint of the seventies and the eighties.

What is the cause of this (apparent) change? How far will this go? Finally does this mean greater transparency in financial reporting and a greater float for a less rigged stock market? Your opinions would be appreciated.

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