Jan 18, 2012

Loyalty alone is not enough

Japanese have been taught over the centuries that loyalty is the supreme virtue. Loyalty to Japan and to the emperor was inculcated into every child in prewar Japan. The emphasis now seems to be on loyalty to the company employing you, loyalty to your ...

Jan 16, 2012

British influence and the EU

At the European crisis summit in December, David Cameron was snubbed by his European colleagues. His “veto” on accepting treaty changes believed by other members to be necessary to save European economies left Britain isolated. All the other 26 countries were prepared to enter ...

Dec 16, 2011

Foiling the threat from Iran

The recent assault on the British Embassy in Tehran, which the Iranian authorities did nothing to stop until it was too late, led to the rupture of diplomatic relations between Britain and Iran. All British diplomats were withdrawn from Tehran and Iranian diplomats were ...

Dec 6, 2011

Growth on austerity road

The British chancellor of the Exchequer (the finance minister) in his autumn statement to the House of Commons on Nov. 29 admitted that the British budget deficit will last beyond 2015 — when a general election has to take place. That means continuing cuts ...

Nov 24, 2011

Mounting anger is no surprise

The Occupy Wall Street movement in New York and the tented encampment by St. Paul’s Cathedral in the City of London are symptoms of the frustration and anger felt by many disadvantaged people against those whom they see as living a life of luxury ...

Nov 10, 2011

Open markets key to growth

The lengthy communique issued at the end of the recent Group of 20 summit in Cannes has been largely overlooked in the media, which have understandably focused on the financial crisis facing the eurozone. It is probable that many leaders did not even read ...

Oct 24, 2011

Olympus case a black mark for Japan

The recent dismissal of the British chief executive of Olympus has once again drawn the attention of European media to peculiarities in corporate governance in Japan. Accounting practices and lack of transparency have aroused particular concern. It seems strange that Michael Woodford should have ...

Oct 17, 2011

Steady growth in euro-skeptic club

The governor of The Bank of England in announcing recently another round of quantative easing said that he feared there might be an economic slowdown worse than in the 1930s. He may have been exaggerating in order to justify the bank’s decision to print ...

Sep 27, 2011

Groping for a path to jobs

Market turmoil and the continuing slowdown in growth have led to increased unemployment especially in the developed economies of Western Europe and in the United States. Unemployment has blighted the life of many millions and has been particularly damaging for young people who have ...

Sep 14, 2011

Prospects for the Arab Spring

The Gadhafi tyranny in Libya has been overthrown although the “colonel” has not yet been found and elements of his regime and his mercenaries continue to pose problems for the new regime. Much needs to be done to restore Libyan infrastructure, including restoring water ...