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While concerns about the health of the Japanese economy have been clearly overblown, it is good to see a true economic revival of the massive Japanese economic engine. While the days of the Japanese Economic Miracle may not have returned, our seeing good, continuous expansion of the GDP has had many benefits, not the least in simple confidence.
Mitsubishi Heavy seeks NRC approval for reactor designs as it moves into the American market. Having lost out to Toshiba in bidding for Westinghouse, Mitsubishi Heavy Industries (MHI) is now setting up its own subsidiary to be called “MHI Nuclear Energy Systems” in Washington, D.C. [News]
For several years, both Japanese government debt and bank debt have taken a beating from various credit rating agencies reporting sometimes astonishing weakness. However deservedly in some banks’ cases, it seems clear that some of this concern was overblown. [Commentary]
When a single cow with mad cow disease was discovered in Hokkaido, the sale of beef products plummeted. Housewives instantly not only stopped buying from the butcher and the plastic-wrapped cuts in suupaa but stopped purchasing items that contained miniscule amounts of beef bits such as cosmetics. [Commentary]
