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Dec 18, 2023Liked by Tobias Harris

Funny thing, though - Shiro Tazaki and other pundits are saying Kishida is strangely in a pretty good mood. Kishida seems determined to weather the storm, wait until spring when the economy is predicted to improve a bit, let Shunto bargain for higher wages, and then say “Hey, my policies led to better pay!” For a famously bland guy, he does have a measure of chutzpah.

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Difficult not to recall the celebrated observation of one of Hemingway's characters in The Sun Also Rises that he went bankrupt 'gradually, then suddenly'. Despite all those landslide election victories, it's not popularity that has been keeping the LDP in power, as we all know. The only thing keeping them there (aside from the Komeito vote) is the lack of a sufficiently attractive alternative. Perhaps the moment of (probably temporary) bankruptcy is finally arriving.

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