Wall Street Journal (September 18)
Japan is “flirting with irrelevance.” Americans are increasingly unaware of major events in Japan, including the recent election or the yen’s new highs. It would help if Japan’s political leaders were more aggressive in “showing their faces to the world.” Corporate leaders also need to do a better job. Some companies feel avoidance of the media is the safest strategy to avoid mistakes or being misunderstood. In reality, media avoidance only ensures that companies are not understood.
Tags: Japan, Media, Perception overseas
Economist (September 16)
Since the economic crisis began, “it is remarkable how little has changed” in banking. A new set of rules, Basel 3, aims to bring greater order to the banking sector. As one example, the tier 1 capital ratio will rise to 7%, providing banks with greater ability to survive the next crisis and recover from bad debts. The phase-in sets a final deadline of 2019. While critics say this is too slow, the Economist writes that all in all, “the new Basel rules make sense.”
Tags: Banking, Basel 3, Econoic crisis
