Japan, Refutation of Neoliberalism – Robert Locke

No-one wants to talk about Japan these days.  The conventional wisdom is that the bloom went off Japan’s economic rose around 1990 and that the utter superiority of neoliberal capitalism was vindicated by the strong performance of the American economy during the 1990s.  Furthermore, everyone is now convinced that China – whose economy is 1/8 the size of Japan’s – is the rising economic power and therefore the appropriate object of attention.
But Japan is, despite everything, still one of the master keys to understanding the future of the world economy, because Japan is the clearest case study of why neoliberalism is false.  Simply put, Japan has done almost everything wrong by neoliberal standards and yet is indisputably the second-richest nation in the world. Continue reading

Israeli Chemical Weapons

(Independent) – Israel fails to calm Dutch anger over ‘nerve gas’ crash

The worst air crash in the history of the Netherlands, six years ago today, turned the Amsterdam apartment complex into a hell-like inferno in seconds, killing Norma Habibi’s two children and 41 of her neighbours. Six years on, the surviving residents of the suburb are suffering physical ailments which their doctors have long suspected, and which new revelations last week appear to confirm, were caused by exposure to something more sinister than burning perfume, paints or electronic equipment. Read More Here

(BBC) – Israel says El Al crash chemical ‘non-toxic’

Israel has said that the chemicals being carried by a cargo plane that crashed into a block of flats in Amsterdam in 1992 were “non-toxic”. Read More Here

(Wiki) – Sarin gas attack on the Tokyo subway

The Sarin attack on the Tokyo subway, usually referred to in the Japanese media as the Subway Sarin Incident, was an act of domestic terrorism perpetrated by members of Aum Shinrikyo on March 20, 1995. Read More Here

Japan Abandons America

(TheTrumpet) – For over 50 years, one party ruled Japan virtually uninterrupted. During that time, Japan remained a loyal ally and supporter of U.S. policy. This month, a historic event took place. Continue reading

North Korea: Paper Tiger

(C4L) – Another day, it must be another weapons test for North Korea. And that means wailing and gnashing of teeth from Seoul to Washington. And presidential statements denouncing the grave threat posed to world peace. Continue reading

Ruling Party Official: Japan Should Attack North Korea

A ruling party lawmaker today urged Japan to break the terms of its pacifist constitution and pre-emptively attack North Korea following the Stalinist state’s nuclear bomb test. Continue reading

MSM: US moves warships into position for North Korean missile

The US and Japan yesterday deployed anti-missile batteries on land and sea to shoot down possible debris from an intercontinental ballistic missile North Korea is expected to test in the next few days. Continue reading

MSM: Panasonic warns of $4.2 billion loss, to cut 15,000 jobs

TOKYO (Reuters) – Japan’s Panasonic Corp (6752.T), the world’s No.1 plasma TV maker warned it would post an annual loss of $4.2 billion and said it would cut 15,000 jobs and close plants as it battles a slump in demand and a stronger yen. Continue reading

The Myth of Pearl Harbor

10 False Flags that Changed the World: #5

5On Sunday morning, December 7, 1941, the Japanese launched a sneak attack at Pearl Harbor that decimated the U.S. Pacific Fleet and forced the United States to enter WWII. That’s what most of us were taught as school children…

But, except for the date, everything you just read is a myth. In reality, there was no sneak attack. The Pacific Fleet was far from destroyed. And, furthermore, the United States took great pains to bring about the assault. Continue reading

MSM: Japan suffers biggest single-day stock drop for 20 years

Asia’s financial crisis deepened today after Japan’s Nikkei stock average fell almost 10% in its biggest single-day drop for more than 20 years.

The world’s second-biggest economy was also rocked by the collapse of an established life insurer: Yamato Life Insurance becomes the country’s first major victim of the US credit crunch.
Continue reading

Asian stocks plunge on fears of global recession

TOKYO (AP) — A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

After a miserable day on Wall Street when the Dow Jones industrials lost more than 500 points, investors from Tokyo to Mumbai, Seoul to Sydney dumped shares in a broad regional sell-off.

Anxious investors in Tokyo sent shares into a free-fall, with the benchmark Nikkei 225 stock average plunging 9.4 percent — its biggest drop in 21 years — to 9,203.32, a five-year low. Continue reading