TagJapan

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...

Go-Aheads

Slap, slap, slap, slap– the sound of flip-flops on your feet. These floppy-soled shoes go by other names like zoris and thongs, but a caller wonders why in some parts of the country they’re called go-aheads. This is part of a complete...

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...