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Most of this doomsday/paradigm change talk had existed since I started my OPMI journey some time ago.
I used to subscribe to them, because their supporting reasons sound plausible until I read about Richard Thaler/Daniel Kahneman's work on heuristics/biases.
But I do not discount the possibility that some of this may happen in my life time.
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I'm not that familiar with Japanese history but Japan was the second largest PC market during dot com, and it also rode on the dot com wave including NTT Docomo, Softbank etc. Japanese mobile phones and PC was considered premium
And I would also think from Sega to Nintendo to Playstation are also software development
IMHO the main issue is the market for Japanese language which they insist on, even for some PS games up to this day. Even Manga started to gain popularity when they finally have widespread translations
(30-01-2023, 04:12 PM)weijian Wrote: Some bit of reading on Jap history for history buffs (like me).
The forgotten mistake that killed Japan’s software industry
Japan’s zaibatsu were not corporate conglomerates as we think of them today.
You see, although the Meiji government adopted a market-based economy and implemented a lot of capitalist reforms, it was the zaibatsu, with the full support of the government, that kept the economy running.
And the zaibatsu system was almost feudal in nature.
https://www.disruptingjapan.com/the-forg...-industry/
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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01-08-2023, 01:03 PM
(This post was last modified: 01-08-2023, 01:04 PM by specuvestor.)
I think BoJ is just starting to signal YCC is ending without being too aggressive and let speculators / market force its hand. Too early to judge whether it will work
Yen is the cart not the horse. Japan is trying to come back to sustained inflation after 20 years deflation. No mean feat and one component is a working positive yield curve before BoJ can even hike rate.
(01-08-2023, 07:53 AM)Behappyalways Wrote: BOJ's Yield Curve Control "Tweak" Ends In Disaster As Yen Tumbles, JGB Yields Soar
https://www.zerohedge.com/markets/bojs-y...ields-soar
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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