Episode 394 - A Slice of the Pie, Part 1

History of Japan

Isaac Meyer

Japan, History, Japanese

4.8 • 744 Ratings

🗓️ 11 June 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, we're returning to the era of the bubble economy and its aftermath with an up close look at the failure of one of Japan's most prominent banks: the Long Term Credit Bank of Japan, or LTCB. First: how did LTCB dig itself so deeply into an economic hole?

Show notes here.

Transcript

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0:00.0	This week's episode is brought to you by Audible.
0:03.8	Audible has over 425,000 titles to choose from, all compatible with iPhone, Android,
0:10.8	Kindle, or your MP3 player of choice.
0:14.2	For listeners of the show, Audible is offering a free 30-day trial membership complete with credit
0:18.9	for a free audiobook of your choice.
0:21.8	You can cancel any time and keep the free book, or keep going with one of Audible subscription offers.
0:27.5	Go to audibletrial.com slash Japan to claim your offer. This week I'm going to recommend
0:33.3	What Does It All Mean? A very short introduction to philosophy by Thomas Nagel?
0:38.7	I use a couple of chapters from this book in my own philosophy class.
0:42.7	I think it's fantastic in terms of exploring a lot of the big questions of philosophy
0:47.2	in a straightforward and easy-to-follow manner.
0:51.3	So if that sounds like it'd be of interest to you,
0:53.4	go to audible trial.com slash
0:55.8	Japan to claim your copy.
1:19.2	Hello and welcome to the history of Japan podcast, episode of the history of Japan podcast, episode 394, A Slice of the Pie, Part 1.
1:29.3	For about as long as I've been reading anything related to Japan, one of the most consistent litanyes I've heard has been about how Japan, at an economic level, is just different. The demands of its economy are not the same as those of other
1:35.6	developed nations. The roles of doing business are extremely unique. Phrases like Galapagos
1:42.1	syndrome, a reference to Darwin's observations on the Galapagos Islands,
1:46.8	of species which had hyper-specialized to their current environment, but which could not succeed elsewhere,
1:52.5	get thrown around a lot.
1:55.0	And to be fair, there is some truth to underlying observations like this.
1:59.8	Japan does have a distinct business climate
	...

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