28 Aug '11, 8am

Commentary: What does it say when news of Japan's PM resigning weighs less on markets than Apple's Jobs quitting?

Things are bad when a world leader quitting registers less than a corporate executive. That's what Naoto Kan gets for bowing out the same week as Steve Jobs. Markets reacted immediately to news of Jobs's departure from Apple Inc; there was barely a ripple after Kan cashed out and paved the way for Japan's sixth prime minister in five years. Since Jobs returned to Apple's top spot in 1997, Japan has had nine premiers. Next week, it will have yet another. It may seem odd to compare the leadership of a company with helming the third-largest economy. Yet what does it say about a nation of 127 million people when Kan stepping down is considered a sideshow internationally to the sexier whither-Apple story? It says the world is tuning out Japan's US$5 trillion economy. Never mind that Japan is home to some of Asia's biggest markets and has the region's most international currency...

Full article: http://www.todayonline.com/Commentary/EDC110827-0000899/S...

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