Monday, January 14, 2002

The Japanese economy is about to take a high dive largely because of uncollectible loans made by Japanese banks to companies controlled by the Japanese mafia, the Yakuza. Political will to fix the problem is lacking because the politicians are dependent on the same gangsters for much of their campaign funding, and the bureaucrats and police are also often corrupted by their need to seek employment after their jobs in government are over in companies owned or controlled by the gangsters.