TagJapan

Chimerica

Chimerica  n.—Gloss: The symbiotic Chinese-American financial relationship, in which there is a great trade imbalance as Americans save little and buy lots, and there is a great investment in American Treasury bills and the dollar by the...

zombie company

zombie company  n.— «A new phrase, “zombie companies,” was coined to describe those companies kept alive by banks even though they were insolvent. Some were property companies the value of whose assets had fallen by more than 30 per...

core-core index

core-core index  n.— «If we look at what is known as the “core-core” index (which strips out both energy and fresh food) then we can see that it is far from clear that Japan ever really escaped from the deflation trap, since...

zombie economy

zombie economy  n.— «Yuen Pau Woo was the economist responsible for Japan in Singapore’s central bank when the Japanese bubble—helped by a run-up in real estate prices that made Park Ave. co-ops look affordable—caused the world’s second...