Feldman Says Japan Expects "Steady Hand" From Fukuda
Sunday, October 7, 2007 Posted: 09:53 PM JST
Bloomberg's Tom Keene has an interesting interview with long time Japan-hand Robert Feldman, chief economist at Morgan Stanley Japan Securities Ltd. Keene talks about the resignation of Prime Minister Shinzo Abe and the outlook for Yasuo Fukuda and the Liberal Democratic Party, the integration of Chinese immigrants, and the impact of an aging population on the labor force and economy.
Keene's understanding of the Japan's economy is impeccable, but he says a few things about Japanese society that will raise the eyebrows of some. He says for example that immigrants are welcome in Japan. This may be true for top managers of the large companies that need a labor force, but the general public thinks quite differently. Recommended listening: Download mp3 (8.1 MB).
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