The State of Japanese Capitalism


Japan’s economy shrank at an annual rate of 12.7 percent last quarter, the worst decline since 1974.  It is estimated that 125,000-400,000 more workers will be jobless by the end of March.  Japanese capitalism is visibly incapacitated, and so is its finance minister.

Minister Nakagawa at a Post-G7 Press Conference
Rome, 14 February 2009

Commentary by ぽぽんぷぐにゃん