About etc. Good night.

American people are prompt in action. Although I have to follow the cue of American people, I think I can't do it because I think twice, and more twice. I guess the promptness is a source of power of America. Also I am quick in action after I came to a conclusion. I often am impatient with Japanese people because they are not quick in action. Especially politicians are not prompt in action and took much time and their conclusions are often nonsensical middle course (watered-down bill). Might be we should transfer Japanese government into private hands.



These days I carefully monitor the economic situation in America. If America evolves into a recession, Japan can't escape unharmed. If America only slow down slightly from last year, it is no problem. However, current situation in America is good predictor of a recession. Measures by FRB and President Bush are the key, I think. In Japan, it is said if FRB cuts in interest rates drastically and government goes all out, it take on the features of a bubble. However, I guess we need a fairy story to cause bubble, like IT-bubble(IT revolution-induced boom). I can't find it now.



American economic clout accounts for 25% of the world total now. It was 33% in 2001. Japan's one is less than 10% now. We are degrading. Already trades between emerging countries are on the move. It is a age of Multi-polar-world and Multi-coupling-world, I think. when I come to think about it, I live in an interesting age no one has experienced. Although recession in America deliver a damaging blow, basic direction is multipolarity. China, India, Islam, U.S.A, EU, Brazil, Russia and Japan.



I heard a worrisome tip. Taiwan wants to become a part of China? I loved to read a book written by 李登輝 (Lee Teng-hui.) who graduated Kyoto-University in 京都(Kyoto). Thanks to his book, I learned to be more patient when I was 24 years old. I sting the tears when I recall about the book. Personally I hope Taiwan attains independence because Taiwan became democratic and because I heard main land China hasn't governed Taiwan practically. It was not so much rip-off as governing. I'm not sure though. To establish an economic and democratic union with Japan and South Korea is the best way if we can, just I guess.



Oh, Well, I have to sleep.



Good night.



It is a photo of Hase-dera in Nara.



Have a nice sunday.