Monday, September 24, 2001

Remora:
Since the market Humpty-Dumptied last week, I thought readers might like a cheerful article from 1998 about the Asian collapse by Murray Sayle, a veteran journalist now settling into his bungalow years in Japan. It is from a Japanese English mag.
OutsideR Online -Nonember 1998
Sample grafs:

"Can it possibly be 1929 again, out East? Where are the suiciding stockbrokers, the criminal scandals uncovered by the falling markets? Well, six officials connected with the Finance Ministry and the Bank of Japan have hanged themselves (traditional swords having become scarce and expensive, like most Japanese objets de vertu) and so has a Japanese MP of Korean origin, not a good thing to be in Japan when trouble strikes. Two small-fry finance officials are out on bail for allowing themselves to be entertained by overlent bankers at something called a No Pants shabu-shabu, a raunchy restaurant whose waitresses serve at table
minus underwear (in the Shoguns days, silk-robed officials met with favour-beseeching merchants in brothels, hence the Japanese euphemism for a bribe, sodenoshita, a little something in the sleeve. So what else is new?) But it all does rather fit, no?"

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