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Category Archives: Global economy
The myth of Japan’s “lost decades”: An invitation to Ambassador John Roos
Why do Americans keep misunderstanding Japan? Much of the blame must be placed at the door of the State Department. And that is why last week I extended an unusual offer to the current U.S. ambassador to Tokyo. As part … Continue reading
Posted in American decline, Global economy, History, Japan, Trade
Tagged john roos, state department
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Japan’s Trade Figures: Some Perspective
As usual the American press missed the real story. The American press has made much of news that Japan last year recorded a deficit of $32 billion on its visible trade. Supposedly this is the beginning of the end for … Continue reading
Posted in Global economy, Japan, Manufacturing, Trade
Tagged current account, dvorak, visible trade, wall street journal
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A Reply to Paul Krugman
It is past time Paul Krugman visited “basket case” Japan. I have been under the weather these last few days, hence my delay in replying to Paul Krugman’s critique of my recent article on Japan’s lost decades. He writes: “Fingleton … Continue reading
Appearance on the BBC’s Newsnight Program
The BBC has followed up my recent article in the New York Times. Last Thursday Gillian Tett, a top editor at the Financial Times, joined me for a discussion of the Japanese economy with Emily Maitlis on the BBC’s Newsnight … Continue reading
Coming Soon: A Reply to Paul Krugman
paul krugman, matt yglesias, new york times, lost decades Continue reading
Posted in American decline, Global economy, Japan
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An Open Letter to Professor Edward J. Lincoln
The letter below, to the Clinton administration’s chief Japan economist, is self-explanatory. Dear Ed: Having heard nothing from you over the summer despite several private attempts to make contact, I must now press publicly for an answer. As you know, … Continue reading
Posted in American decline, Global economy, Japan, Press
Tagged debate, ed lincoln, edward j lincoln, electricity output, imf, japan, lost decades, world bank
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The Weight of the Yen
As I have repeatedly documented at this website, the story of Japan’s two lost decades is a myth. But if I am right, how come so many ostensibly reliable observers seem to disagree with me? There are several reasons, none … Continue reading
Posted in Global economy, Japan, Press, Trade
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An invitation, some surprising facts, and two elusive experts
For thirteen years now I have been trying to organize a public debate on what really happened to the Japanese economy. The effort continues. The facts below have convinced at least one top American economic thinker that a debate is … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Press, Trade
Tagged debate, edward j lincoln, japan, lost decades, robert alan feldman
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Earthquake: Interview on Thom Hartmann’s Big Picture
Thom Hartmann interviewed me on his show The Big Picture last week. (Thom is one of the most astute commentators in the American media and author of several great books.)
Posted in Global economy, Great East Japan Earthquake, Japan, Manufacturing, Trade
Tagged fukushima, japan, thom hartmann, tokyo
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The coming crisis in the global manufacturing chain
How much will the Japanese earthquake hurt the global economy? (Article as first published by the New Republic.) Not many people in the American electronics industry had ever heard of the Japanese town of Niihama before the summer of 1993. … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing
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