26 Mar '11, 1am

Yakuza salivates over Japan's reconstruction billions

Here is a number for economists mulling Japan's post-earthquake trajectory: 17. That is Japan's ranking out of 178 nations in Transparency International's latest corruption perception index, putting it on a par with Barbados. The odds strongly favour Japan sliding down the list in the next few years. A sudden return to "concrete economics" in a nation that's tried to shake the phenomenon virtually ensures the return of large-scale graft. An estimated US$309 billion (S$389 billion) in earthquake and tsunami damage may prompt formation of a reconstruction agency modelled after the Economic Stabilization Board created in the wake of the devastation of World War II. That board helped power Japan's postwar boom, one largely built on building. Massive public-works projects that transformed Japan also gave rise to a construction-industrial complex and some notable side effects: s...

Full article: http://www.todayonline.com/Commentary/EDC110326-0000017/T...

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ちなみに、海外の日本料理店の風評被害もすごいみたい。http://bit.ly/f7P1Dr ...

todayonline.com 24 Mar '11, 1am

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