In a Bloomberg article Noah Smith argues that Japan needs to let fail incumbent companies in order to raise productivity and generate long-term GDP growth. Creative destruction is what Japan has to embrace.
Japan Must Let Zombie Companies Die (Bloomberg)
Takashi Nakamichi in The Wall Street Journal questions Haruhiko Kuroda's determination beating deflation.
Bank of Japan’s Kuroda Faces Mounting Pressure to Act (The Wall Street Journal)
The Japan Times reports that the stock market gyrations have had no effect on Japan’s postal savings bank intention to lift the share of equities and alternative assets in their portfolio holdings.
Japan Post Bank unfazed by global stocks turmoil (The Japan Times)
In The Wall Street Journal Atsuko Fukase,Takashi Mochizuki and Eric Pfanner srutinize Foxcon's takeover bid for sharp. They point to the difficulty for foreign investors to take- over Japanese businesses, especially when the Japanese government is of the opinion that targeted firms hold valuable technology.
Japan Inc.’s Message to Foreign Buyers: Hands Off (The Wall Street Journal)
In the Japan realtime section of the Wall Street Journal Eleanor Warnock reports that Nobuyuki Nakahara, an advisor to Prime Minister Abe, would not like to see the Innovation Network Corporation of Japan (INCJ) building up a stake in Sharp corp. Sharp is troubled by management problems and the government cant do anything about it.
Abe Adviser Opposes Government Fund Taking Stake in Sharp (The Wall Street Journal; Japan Realtime)
Tayo Pacific Partners LP reckons that the Japanese stock market, although suffering short- term, will profit from the turmoil of the Chinese stock market over the long- run.
Taiyo Pacific sees investment shift to Japan shares as ‘sexy’ China cools (The Japan Times)
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