Are you allowing the economy to dictate your results, or are you making your own economy?
In 1995, in the aftermath of the Kobe earthquake in which five thousand people lost their lives, an American businessman told me that he had been advised to lower his expectations for the Japan market because Japanese consumers had reduced their spending, so as not to appear ostentatious or feel guilty about enjoying life in the wake of the tragedy suffered by their compatriots.
Thomas Piketty, French economist, and intellectuelcélèbre, was recently in Japan to speak about his much talked about book Capital in the Twenty-First Century. Piketty is on record supporting most aspects of Abenomics, and hence the interest. A flurry of opinion pieces on Piketty’s controversial work ensued as there always is whenever there is serious talk of wealth redistribution. Continue reading →