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1 year after Lehman collapse, Japan wrestles with wakeup call for change

By Kana Inagaki

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7 Comments

  • JeffLee at 12:30 PM JST - 14th September

    jolted awake from decades of lassitude ...

    Funny how Japan's own worse meltdown - collapse of Yamaichi Securities, the bursting bubble that sank the Nikkei to less than a third its value, and a decade of recession -- didn't jolt the Japanese from their "lassitude." Are foreign crises scarier than domestic ones, I wonder?

  • M51T at 01:11 PM JST - 14th September

    I guess when the nation is an exporting economy, any crises that decrease demand in overseas markets are scarier.

  • stirfry at 02:15 PM JST - 14th September

    they've been wrestling with it for 25 years...no reason to think they'll do anything about it now either

  • Wakarimasen at 05:02 PM JST - 14th September

    who really believes that we are going to quickly see significant change in the Japanese way of doing things? Maybe in 20 years or so. Note other story here on JT about sale of post offcie being cancelled.

  • biglittleman at 06:13 AM JST - 15th September

    By doing something about Yamaichi securities means they would have to admit they failed. Why take responsibility for your own mistakes when you can ignore them then blame foreigners for the problems later?

    Business as usual. NIPPON FOREVER!!!

  • illsayit at 01:40 PM JST - 15th September

    yeah Id say it would be America that is wrestling with the change

  • FreeInJapan at 12:16 AM JST - 18th September

    Whatever... Japan will never actually pay attention to ANY wakeup call. In other news, I can definitely say the 1 year Anniversary of the Lehman collapse Party was an absolute blast!!

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