Archives for the month of: July, 2002

NYT: For More Japanese, Love Is a Multiethnic Thing
“Already there are over 200 international marriage agencies in Japan, and at least 107 of those specialize in Chinese introductions,” said Mr. Kogure, who has brought together 10 couples in the last 18 months. “Ten years ago, Korean women were very popular here, but Korea has become much stronger economically, so they aren’t so interested in Japanese men anymore. These days it is Chinese people who cause Japanese to dream.”
International marriage began to grow in the 80′s in response to the emptying of the countryside as Japan became increasingly affluent. Rice farmers, unable to find Japanese brides, started marrying women from poorer Asian countries, particularly the Philippines.

Many Japanese women marry outside of the country, typically when studying or working in the United States or Europe. Although no official statistics are kept on such marriages, many of those women are thought to live permanently outside Japan.

This is totally obvious, of course, but also pretty interesting. You have on one hand the slow but steady diversification of the Japanese monoculture by international marriages within Japan. Then of course there’s the slow but steady march of Japanese (women, primarily) moving out of Japan marrying foreigners and living outside of Japan. Both, I think are healthy for the diversification that Japan desperately needs for it’s future. The slow movement of parts of the population to other countries, espcially within the aging of the Japanese population, should also make for some interesting futures if one plots those trends out 30-50 years.
I, for one, hope that this will help to curb the inter-Asian racism that runs rampant within that part of the world.

This looks mildly interesting… http://www.dancetechconference.com/
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MSNBC: Feds get tough with ex-ImClone exec
Federal prosecutors are playing hardball in plea negotiations with former ImClone Systems Inc. Chief Executive Samuel Waksal, demanding that he serve between seven and 10 years in prison on insider-trading charges, and declining to spare his family members from prosecution.
7-10 years may seem tough in comparison to prior white-collar crime sentences, but let’s add up all the money he lost for his shareholders and employees, and figure out how much time it would take to rebuild even a tiny fraction of that amount. The 75 year maximum sentence wouldn’t even come close.
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BusinessWeek: In Japan, Cute Conquers All
Japanese cute, which the Japanese call kawaii, isn’t just a marketing gimmick. It’s embedded in the culture and manifests itself in social and gender roles, particularly those of young Japanese women. Cute isn’t just a fashion statement — pink lipstick, butterfly hair bands, and pastel colors — it’s also a mode of behavior. Cute girls often act silly, affect squeaky voices, pout and stamp their feet when they’re angry. It seems to be a cultural statement.
Japanese feminists charge that all this cute chic is really about the cultural domination and exploitation of women in the country. It encourages girls and young women well into their late 20s to act submissive, weak, and innocent rather than mature, assertive, and independent. There’s no denying that ultracute girls are a steady staple in Japanese pornography. Even boys are getting into the cute — or at least asexual — look. The latest trend: Japanese boys are shaving their legs for the summer, short-pants season.

Sanrio is definitely one of the most interesting companies coming out of Japan. I’m positive there’s room for more companies like Sanrio. The other key thing is that Japan’s definition of cute works all across the globe- everyone loves Kitty-chan. She’s the best!
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FT: No link because they require you to pay…
His [ex-Governor Tanaka's] battle to regain the governorship of the central prefecture is attracting nationwide interest as pundits draw parallels between his struggle with the vested interests of Nagano and those of Junichiro Koizumi, the nearly-as-colourful prime minister, with the Liberal Democratic party.
Both men have taken on the construction lobby as a symbol of all that is rotten in Japan’s body politic. Not only does construction gobble up more than a quarter of national expenditure, they say, but it has also become an instrument of political barter used by the LDP to funnel huge quantities of cash to favoured communities.
Mr Koizumi has stirred enormous venom this year by taking a scalpel to the public works budget and urging the privatisation of four state bodies responsible for spending it.
Mr Tanaka, who swept to the governorship of previously conservative Nagano in October 2000, has antagonised many by declaring a moratorium on the construction of new dams. “My no-more-dam policy is not only about the environment but also about how to spend taxes properly,” says Mr Tanaka. “These things cost a huge amount of money and most of it goes to the general contractors who have no branches in Nagano.”

Amen. The construction lobby is the worst kind of disease in Japan. Corrupt and huge and touches almost every part of Japanese society.
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LAT: Japanese Workers Are All Work, Little Play
In fact, the trend in the world’s second-largest economy is in the opposite direction. Japanese nowadays take just 49.5% of their 18-day vacation allowance, the government says. That’s the fifth consecutive nose-to-the-grindstone reduction, down from 61.1% during the holiday heyday of 1980.
This contrasts with the stress-buster French and Germans, who take virtually every minute of the six weeks they’re allotted, according to comparative figures by the Japanese government, and Americans on average take three-quarters of their 17 days allowed.

I get this impression that the Japanese work so hard but for naught. At least nothing for the past 10 years. Also, I don’t think the younger generations are working nearly as hard. If you entered the Japanese economy during the recession, you may not have had a job to work at in the first place.
Besides, the Europeans have the best quality of life, so why not emulate them instead :)
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NY Times: Merrill Replaced Research Analyst Who Upset Enron
In the summer of 1998, when it was eager to win more investment banking business from Enron, Merrill Lynch replaced a research analyst who had angered Enron executives by rating the company’s stock “neutral” with an analyst who soon upgraded the rating, according to Congressional investigators.
The move by Merrill Lynch came after two Merrill executives wrote a memo that April to the firm’s president, Herbert Allison, saying that Merrill had lost a lucrative stock underwriting deal because Enron executives had a “visceral” dislike of the research analyst, John Olson, and what he told investors about Enron stock, according to documents obtained by investigators for a Senate panel looking into the relationship among Enron and its banks.

The corporate greed knows no boundaries. Here’s the best evidence that banks who rate companies shouldn’t be allowed to also sell them services.
I know people at Merrill. Are they all greedy and unethical? Probably not. But we won’t ever know for sure, will we? Only when the profit motive is taken completely away from the ratings will we know for sure. Just like how auditors should not sell consulting services, banks who’re rating companies shouldn’t be selling to those same companies.

NY Times- New York Region: Not Quite Sex and the City
Surrounded by brash New York, Japanese men and young women gather in secretive clubs for rituals that echo home, and only go so far.
It would be interesting to know how an article like this would change the nature of these types of businesses. I’m not sure that we’ll ever know but it’s good to know that even this stuff is getting investigated by the Times.

SJ Merc: Life of highs and lows ends in suicide for Net visionary
So sad. Sure, it’s only one of many suicides a day, but I read many emails from Gene Kan on the Pho list and so I have a bit of a connection to him.

NY Times: Japanese Energy Drink Is in Need of a Boost
In 1977, Taisho started one of Japan’s longest running advertising campaigns. In 15-second skit commercials that have become institutions on television, two male athletes tumble through hair-raising outdoor adventures like rock climbs and whitewater rafting. In each ad, Popeye-style, one of the pair downs a bottle of Lipovitan D and is reinvigorated, pulling his buddy off a ledge as they yell “Fight-o, ippatsu!,” roughly meaning “Charge!”
I can’t even tell you how many of these commercials I saw as a kid, visiting relatives in the summer or winter.