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KronosOct. 21, 2011 - 01:20PM JST
It is not about where you are, it is about being prepared. Underdeveloped countries have more problems with their infrastructure than developed ones. Japan has constant earthquakes, but they are also prepared against them.
I do not believe natural disasters were high up in companies' forecasts when they were relocating their production, though that might change soon.
Posted in: Thai flooding halts car production by all 9 Japanese automakers
KronosOct. 19, 2011 - 04:54PM JST
He is just warned? Life is cheap I guess..
Posted in: Sumo stablemaster warned for beating wrestlers with golf club
KronosOct. 18, 2011 - 10:04AM JST
And could Mr.Ghosn suggest how the government can do that?
Is he suggesting that the government should keep printing money, sell Yen but risk inflation? Or maybe he has some other suggestions. It would be grateful if he could share it with us instead of just complaining about it.
It is very tiring to see all these people talking crap about the high Yen and the J-Government but not suggesting any solutions.
Posted in: Business people, when they make a decision about where to source a new project or where to source new parts or where to source a new car, well, at 76 yen to the dollar it’s very easy to come to the conclusion that Japan is not a good place to source that.
KronosOct. 17, 2011 - 09:24PM JST
Yes, the purchases have been made between 2006-08. But I do not know how much Woodford knew or he did not know or what kind of person he is. It seems that you have some inside information regarding Woodford's character and his responsibilites in the firm.
In any case, it is not much relevant. I would also sell Olympus shares even if these details did not make it to the news. Hiring nad firing CEOs is not a child's play and indicates serious governance issues.
Posted in: Olympus shares plunge 24% following British CEO's ouster
KronosOct. 17, 2011 - 08:44PM JST
For those who are interested in details. From Wall Street Journal
KronosOct. 17, 2011 - 08:39PM JST
Actually there are more details in the press. Michael Woodford was investigating payments made to a shady financial advisory firm for purchases of Companies made by Olympus. Apparently substantial amount of payments were made and then the financial advisory company disappeared into thin air.
The Board did not give him a proper reply regarding the money. He wrote a letter asking the board members to resign. Then got fired.
It is no wonder the investors are selling off the stock.
KronosOct. 17, 2011 - 10:19AM JST
Jesse Custer from Preacher series, John Constantine, Batman from Alan Moore's "Dark Knight Returns", Neil Gaiman's Sandman
Posted in: Who is your favorite comic book, movie or TV superhero?
KronosOct. 05, 2011 - 01:09PM JST
Are the rights to iPhone 5 up for grabs as well? i.e. is Softbank's exclusive hold on iPhone distribution over?
Posted in: KDDI to sell new iPhone in Japan, ending Softbank's domination
KronosSep. 30, 2011 - 02:34PM JST
Egypt is practical.
Posted in: While European countries impose prefecture-by-prefecture restrictions, Egypt bans Japanese food imports all together.
KronosSep. 28, 2011 - 01:36PM JST
I think the fact that you can use aliases in Mixi goes a long way. I still have my real life friends on my friend's list, but I do not want to publish my every detail on the internet for the world to see.
Posted in: Mixi spokesman gives views on Facebook, Twitter & social media in Japan
KronosSep. 28, 2011 - 10:27AM JST
I like Mixi's privacy. I prefer Mixi over FB anytime.
KronosSep. 28, 2011 - 10:21AM JST
I do not believe economy should be priority. First thing that needs to be done is to prove that there will be no health risk in living in Fukushima. If the radiation levels are harmful - considering the long-term effects as well - then what is the point of encouraging growth in a region which will harm its population?
First the people, then the economy.
Posted in: What is the best way to help rejuvenate the economy in Fukushima Prefecture, considering that many people are reluctant to buy produce from the area due to radiation fears?
KronosSep. 27, 2011 - 10:16AM JST
I am not exactly sure what the comment is referring to. Normal subsidies or specific hand-outs?
Governments usually set base prices for agricultural produce so that if the farmers cannot sell their good in the market, government buys them. This is to support agriculture which is an extremely vital sector in every country although many people seem to forget it. Sometimes these "base" prices, which can be affected by political decisions, can be set too high so that it is better for the farmers to sell their goods directly to the government rather than in the market. Governments are usually (or should be) very active in price control in agriculture since this sector cannot be left to predatory pricing or extreme market fluctuations.
But the point is, this is not specific to Japan. There are many other countries in the world who follow the same practice.
Posted in: For two, almost three, generations Japanese agriculture has been essentially 'socialized,' that is, sucked into the maw of the bureaucratic, administrative state. Japanese farmers think and act like government employees, who expect—and receive—a guaranteed income from the state.
KronosSep. 20, 2011 - 11:12AM JST
Cost-cutting measure for J-government. But I am not sure if it will work after encouraging psychiatric hospitalization for all these years.
The original article is below for those who want to read the details.
Posted in: If hospitals force out 70,000 patients immediately, we must be ready for several thousand of them to be homeless on the street.
KronosSep. 15, 2011 - 01:29PM JST
I am not concerned by the Chinese spending money in their military. I am sure Chinese are well aware that any kind of war would also be bad for China and not just for their "enemies".
Future lies in economic muscle and China's got a bundle. So stop worrying about the money China is spending on their military. Worry more about their their current economic strength and rest of the world's abysmal economic situation.
KronosSep. 12, 2011 - 11:22AM JST
Yahoo should have accepted Microsoft's offer when they had the chance. The problem with Ali Baba did not help them as well. Shame but I do not see them getting on their feet anytime soon. Too many competitors out there.
Posted in: Can Yahoo's luster be restored?
KronosSep. 01, 2011 - 05:32PM JST
According to this article in Bloomberg, Sony is counting on its contents to have an edge over their competitors. Let's wait and see.
Posted in: Take two tablets
KronosSep. 01, 2011 - 04:43PM JST
I am not sure what Sony is counting on to get a decent market share.
If they are thinking people will rush to their products just because they are "Sony", then I am afraid they are delusional. My father's generation maybe would but the curreny generation is aware that it does not have an edge over their competitors.
They may achieve some sales because Japan is their homeground but I highly doubt they can significantly dent their competitors' market shares.
KronosAug. 30, 2011 - 03:45PM JST
You got the food expense spot on it seems.
Posted in: Japan's jobless rate climbs to 4.7% in July
KronosAug. 30, 2011 - 03:41PM JST
If anyone wants details on the spending and incomes, they can refer here. It also says that the average monthly income per household is 572,662 JPY
Jun. 19, 2013 - 08:29AM JST
This photo is a great example of that! If you ask anyone if they want to…
Posted in: Smoke-out
Jun. 19, 2013 - 08:28AM JST
Unfortunately, there is the possibilty of a suicidal student or salaryman ruining that special day.
Posted in: JR East offering one couple chance to get married on Yamanote line
Jun. 19, 2013 - 08:26AM JST
The pressure in Japan is unbearable for those who can not make the transition.
Posted in: No. of suicides drops below 30,000 for first time in 15 years
Jun. 19, 2013 - 08:24AM JST
abitsJun. 18, 2013 - 12:41AM JST As imperfect as any democratic process is, the transfer of…
Posted in: U.S. says Iran election may be hopeful sign for resolving nuclear dispute
Jun. 19, 2013 - 08:23AM JST
Worse thing to ever happen to afghanistan is the United States. Just search Taliban on Wikipedia…
Posted in: U.S., Taliban to start talks on ending Afghan war